5% - 10% profit per day trading

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Dow is now back down to where it was at 8am n 2pm, and at that time oil was at the low $44s.


So i just hope this is reflected and priced into oil overnight in the asian session.. :)


oil is under 47 now atleast
 
I am holding a 1 CL contract from 47.38. Stopped moved to break even.

I am hopoing it breaks the neckline of this double top, in which case target will be 45.30.
 
Quote from MJUK:

I am holding a 1 CL contract from 47.38. Stopped moved to break even.

I am hopoing it breaks the neckline of this double top, in which case target will be 45.30.
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nice entry mate.. :cool:

must have had some very decent patience to wait for it. :)
 
Quote from spanish89:

nice entry mate.. :cool:

must have had some very decent patience to wait for it. :)
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Thanks. Missed all of the directional move. So it is nice to see a set-up that stands a chance of making some money.
 
Quote from larrybf:

thanks spanish89 for one of internet hall of fame trading logs........
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Aloha mate, its ok... :)

trading is an extremely lonely sorta thing, and so im happy that my journal took of well and has become a a nice friendly place where anyone of any capital size is welcome... :)



Dow is about to close but is down to 7215 now.

So down nearly 180points in 1hour, and undone its entire days upmove.



So this really should start getting priced into oil soon i hope
 
Quote from MJUK:

Thanks. Missed all of the directional move.
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That big upmove was completely random and illogical though mate.

the only way you could have got it would have been to taken a huge gamble and bought around the 44s, the day after opec didnt cut production...,
so would have been a very very illogical trade to make.


Oil just jumped 20ticks though which is quite demoralising. :mad: :(



Im looking at the april contract expiry dates though,
and it expires on 19th march (thursday),
so its likely that this upmove spike today was just the shorts squeeze for the month,
and so now it will be allowed to just float down to low 40s/under 40 for expiry due to lack of buying interest. :)
 
is it just my charts or is anyones elses alos fucking up too??? :eek: :confused:


Cos just now on igindex's platform the chart was showing price at 47, but hadnt updated since 9.15pm

however the actual platform was quoting 47.30s,
so you could sell at 47.26


But then a few seconds later that changed to match the price the chart was showing,
but then when i looked on livecharts for the daily crude oil chart there its showing price of 45.36... :confused:




Anyone know what the actual current price is for the april contract??
 

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Quote from spanish89:

is it just my charts or is anyones elses alos fucking up too??? :eek: :confused:


Cos just now on igindex's platform the chart was showing price at 47, but hadnt updated since 9.15pm

however the actual platform was quoting 47.30s,
so you could sell at 47.26


But then a few seconds later that changed to match the price the chart was showing,
but then when i looked on livecharts for the daily crude oil chart there its showing price of 45.36... :confused:




Anyone know what the actual current price is for the april contract??
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IGINDEX rolled over. They base their front month on volume traded. That might be causing the confusion.
 
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