5% - 10% profit per day trading

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I personally have no intention of even considering buying until i see it spike down to 37.86 / 26 in neary a vertical line, and tehn form a reversal formation there... :)
 
What levels are you guys all watching for?? :)

We are currenyly just bounced of the 39.86 level, but its weka support and especially with 39.2g being such a strong key level the price will be drawn donw to there.


If 39.26 holds though that is a very bullish sign.
 
K ive just got back home and see that oil has risen $1 from its low to now at 40.86, and now just hovering.

No way that id sell it here as its still too mid-range.


anyone else made any trades though??

And what levels is everyone else looking for to buy/sell??
 
k its currently at 40.86 again.

its gna break through and and rise, and so the next level to watch is 41.86.


I wont be selling there tho, as even as it will be mildly tempting,
cos the stimulus package is coming tomorrow itd just be a guesssing game of gambling on how much of the package is already priced in..


Since knowing my luck if i sell oil it will just stall sideways just under 42,
and then near the close the dow will do another 1 of its vertical spikes like we got on friday, and rise about 100 t 200points based on the stimulus package coming as an excuse for buying.

But then overnight and during tomorrow it will gradully trickle all the way back down,
and then as soon as the package is confirmed to be out the market will crash 100 t 200 points,
as the package will be the perfect excuse for a big sell off,
and to test the dows 7400 lows.. :cool:
 
I think dow could like find its top today at 8416.

Its at 8250 at mo.
Started teh day at 8160s. :cool:


And so i am looking to slel oil between 43.26 t 43.86
 
upto 42.68 highest point touched today... :)

it was onlythere for a fraction fo a seocns though and at 42.30 now


ive set sell order at 43.26 though, atrget will be 42.26
 
Where is everyone?? lol

Anyone made any trades yet??


im extremelty tempted to sell oil now at 41.86 with 20ticks stoploss, target down at 40.86

since its made a head n shoulders.


But dow is now riisng form its lows though, and i dont want to lose 20ticks... :(
 
I think it *may* drop but I don't see it taking off until the moving averages catch up a bit so worst I think we will see is price sit there and wait so not too high risk for me.
 
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