5% - 10% profit per day trading

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Soz about the mess of the chart,

if anyone wnats i can also post a clean chart


Ive used red to circel teh levels that will cause the resistance and support,

and those thick black horizontal lines are the levels that i mentioned above taht will be the S&Rs.



so untill the get touched i have no interest in making any trades,
but i will be attacking teh market hard form those levels
 

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Hi Spanish89,

Do you see any big possibility of closing FEB09 contract above 45.25 at contract close time ?
Do you see any big spikes upside in these next 10 days before FEB09 contract close given what we have seen the huge supply and loads of tankers?

if FEB09 contract close on or below 42.25 I can keep the profit $2700/contract ..

appreciate input ..

Quote from InvestVision:

closed LONGs at 43.20 , scare to be LONG on this one ..

the only thing I have is I " SOLD CALL options" FOR FEB09 , the only way I lose money on these CALLS is if oil close above 45.25 for FEB09 contract close time which I think is unlikely ..
More...
 
Quote from InvestVision:

Hi Spanish89,

Do you see any big possibility of closing FEB09 contract above 45.25 at contract close time ?
Do you see any big spikes upside in these next 10 days before FEB09 contract close given what we have seen the huge supply and loads of tankers?

if FEB09 contract close on or below 42.25 I can keep the profit $2700/contract ..

appreciate input ..
More...



Aloha mate.

you talking about this months contract or next months??



I very very extremely much doubt it will be able to break 48.86 /49.26 now, especially since it couldnt even break $50 in the ultimate heat of all the gas shortage n the war,
so now thats thats gna pass theres nothing to boost it even close to there.


Although the things that could cause oil to rise are;

*Having a big under supply number in something next wednesday or a future wednesday.

*Dollar weaking alot.

*People buying oil now at these low prices with longterm viw for when it goes back over $100s.

*Dow rising alot, even with bad job numbers, cos obama plan.
That could rise oil.
 
Btw news just in-

russian and ukraine gas meeting ended few mins ago with no resolution!


and the brussels meeting has been cancelled!


gas is starting to rise now as the news is getting to others.
 
Quote from spanish89:

Aloha mate.

you talking about this months contract or next months??



I very very extremely much doubt it will be able to break 48.86 /49.26 now, especially since it couldnt even break $50 in the ultimate heat of all the gas shortage n the war,
so now thats thats gna pass theres nothing to boost it even close to there.


Although the things that could cause oil to rise are;

*Having a big under supply number in something next wednesday or a future wednesday.

*Dollar weaking alot.

*People buying oil now at these low prices with longterm viw for when it goes back over $100s.

*Dow rising alot, even with bad job numbers, cos obama plan.
That could rise oil.
More...

FEB09 contract for OIL on nymex close on JAN 20 '09 , that is how they name on nymex :-) ( allowing time for physical delivary )
 
Quote from InvestVision:

FEB09 contract for OIL on nymex close on JAN 20 '09 , that is how they name on nymex :-) ( allowing time for physical delivary )
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Yep k well my analysis was for that one. :)
 
Quote from spanish89:

Btw news just in-

russian and ukraine gas meeting ended few mins ago with no resolution!


and the brussels meeting has been cancelled!


gas is starting to rise now as the news is getting to others.
More...

DJ News is giving no such news
are you sure?
 
Quote from usman88:

@investvision

which broker do you use for options?
I am interested in buying some may09 calls
More...

Interactive brokers IB
i think cost is 3 or 4 bucks it is nothing
 
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