5% - 10% profit per day trading
- Thread starter spanish89
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I front ran oil again by watching non-lead gas chart,
gas went to the high of overnight, and yet fell down hard, but oil was still over $1 off its overnight high even though gas touched its!!
SO i got £1 sell in as market was at 47.52, £1 sell in as it was 47.32,
order for £4 more sell to go in at 47.86 touch,
and then will try £2 t £3 as it falls...
If that ceasefire and ukraien thing gets done and sorted today oil will be in low 40s.
My target for this trade is 44.62
gas went to the high of overnight, and yet fell down hard, but oil was still over $1 off its overnight high even though gas touched its!!
SO i got £1 sell in as market was at 47.52, £1 sell in as it was 47.32,
order for £4 more sell to go in at 47.86 touch,
and then will try £2 t £3 as it falls...
If that ceasefire and ukraien thing gets done and sorted today oil will be in low 40s.
My target for this trade is 44.62
But and there is a big one Oil tends to lag many times. Have been trading it some time now and I would change that sell order to the very least 48.20 usually it over shoots and likes to eat shorts or longs for that matter it seems to know where the stops are and the way we think. It sounds nuts I know but my gut has worked for me on this monster. As its all I trade.
cashed in all 3 sells at 47.10
Did it here as it fell 40tick vertical line, and the non-lead gas was starting to rise up, and oil follows that wth few seocnds lag.
Gna wait for bounce and then resell.
And gold is down since the dollar is 150+ pips stronger vs euro today.
Gold has nothing to do with the middleast fighting as theres no gold there... lol
the amount of volume and liqiudity today is just ridiculous though!! :eek: 
I dont get where everyone has gone, and why they havent all rushed into work to start traidng again so they could start making money...
Instead of just sitting in their houses doing nothing and not earning anythng!! :eek:
I dont get where everyone has gone, and why they havent all rushed into work to start traidng again so they could start making money...
Instead of just sitting in their houses doing nothing and not earning anythng!! :eek:
What do you mean by "front run"? I did a search and found this wikipedia article and it doesn't make sense what you say.
http://en.wikipedia.org/wiki/Front_running#Other_uses_of_the_term
Also, you're wrong about gold and the middle east. Perhaps you should read up a little on why gold is seen as a useful asset to some people.
lol
What i mean by front-running oil by the non-lead gas chart is that oil follows the gas with a lag of a few seconds..
And so if i have been watching oil rise and am looking for the perfect entry to get my sell in i can just look at the gas chart, and when that pullbacks back i then have a few seocnds to get my sell in on oil and then i catch that pullback.
And i can do teh same to get the perfect exit, as my entries i am happy to alot more rough but i love to get perfect exits as a pyschological thing. lol
I cashed in that re-sell in oil as market hit the low 46.90s,
and so thats now 76ticks after spread profit.
It pisses me off though that cos of the shit liquity i had to do it all at just £1 per tick isntead my normal £9, so only made £76 profit instead of over £650!!! :eek:
If this sorta liquidty keeps up im gna just switch to the £10 per tick, go in and get 30ticks profit quickly and directly,
and then just not even look at the markets for the rest of the day.
if i do that everyday itl still be £6,000 very very easy profit per month.
But it will be so soo dull and boring everyday though, and il be missing out on loads of money if i start trading like that...
And i do know that gold is seen as the safe haven mate.
But in my opinion 'investors are just lazy fools' who deserve to have big losses on their moeny like they have this year!!
Since gold traders dont rush out and buy gold just cos theres fighting between 2 middleasten countries.
And investors who feel the strange need to have their money invested in the market at all times,
cant just keep money in their bank accounts and wallets like normal people do,
they just make me laugh at how stupid and foolish they are. lol
But in my opinion 'investors are just lazy fools' who deserve to have big losses on their moeny like they have this year!!
Since gold traders dont rush out and buy gold just cos theres fighting between 2 middleasten countries.
And investors who feel the strange need to have their money invested in the market at all times,
cant just keep money in their bank accounts and wallets like normal people do,
they just make me laugh at how stupid and foolish they are. lol
http://biz.yahoo.com/ap/090105/oil_prices.html
In the oil-rich Middle East, tensions were high as thousands of Israeli troops backed by tanks and helicopter gunships surrounded Gaza's largest city and fought Hamas militants at close range Sunday, as the offensive moved from airstrikes to artillery shelling and ground fighting in a bid to stop rocket fire on southern Israel.
An Iranian Revolutionary Guard commander on Monday urged Islamic nations to use crude as a weapon to exert pressure on Western backers of Israel.
Still, even Iran -- among the more radical OPEC members -- was unlikely to jeopardize its precious oil income, and with no oil producing nation directly involved, analysts were split over the market impact of the Gaza unrest.
"With Israeli troops going into Gaza, that just heightens fears of the possibility of a wider Middle East conflict," said Ken Hasegawa, an energy analyst with broker Newedge in Tokyo. "Prices will likely continue to rise in the short term."
In Vienna, however, JBC Energy said that to all appearances the conflict "has not had much of an impact so far."
Victor Shum, an energy analyst with Purvin & Gertz in Singapore, said prices "will depend on OPEC's compliance with their output cuts and the health of the global economy." Shum said he expects prices to average in the low $50s this year.
Iran's state television said OPEC countries have decided to hold an extraordinary meeting on falling oil prices in Kuwait in February. The report on Monday quoted Iran's OPEC governor Mohammad Ali Khatibi as saying the organization planned to bring forward the regular meeting in March because the "trend of oil prices" calls for holding a meeting a month earlier.
A dispute between Russia and Ukraine over natural gas payments also concerned traders Monday. Russian gas monopoly Gazprom has cut off gas shipments to Ukraine since Thursday, and Ukraine has warned that European customers could see serious natural gas disruptions in about two weeks.
In the oil-rich Middle East, tensions were high as thousands of Israeli troops backed by tanks and helicopter gunships surrounded Gaza's largest city and fought Hamas militants at close range Sunday, as the offensive moved from airstrikes to artillery shelling and ground fighting in a bid to stop rocket fire on southern Israel.
An Iranian Revolutionary Guard commander on Monday urged Islamic nations to use crude as a weapon to exert pressure on Western backers of Israel.
Still, even Iran -- among the more radical OPEC members -- was unlikely to jeopardize its precious oil income, and with no oil producing nation directly involved, analysts were split over the market impact of the Gaza unrest.
"With Israeli troops going into Gaza, that just heightens fears of the possibility of a wider Middle East conflict," said Ken Hasegawa, an energy analyst with broker Newedge in Tokyo. "Prices will likely continue to rise in the short term."
In Vienna, however, JBC Energy said that to all appearances the conflict "has not had much of an impact so far."
Victor Shum, an energy analyst with Purvin & Gertz in Singapore, said prices "will depend on OPEC's compliance with their output cuts and the health of the global economy." Shum said he expects prices to average in the low $50s this year.
Iran's state television said OPEC countries have decided to hold an extraordinary meeting on falling oil prices in Kuwait in February. The report on Monday quoted Iran's OPEC governor Mohammad Ali Khatibi as saying the organization planned to bring forward the regular meeting in March because the "trend of oil prices" calls for holding a meeting a month earlier.
A dispute between Russia and Ukraine over natural gas payments also concerned traders Monday. Russian gas monopoly Gazprom has cut off gas shipments to Ukraine since Thursday, and Ukraine has warned that European customers could see serious natural gas disruptions in about two weeks.
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