5% - 10% profit per day trading

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Quote from alientrader:

blacky jsut made a lot of money and went to celebrate by buying hookers
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I dont get on on earth that guy could have made money today ''selling oil from the late morning, unless he used a ridiculously big stoploss in a market that is increasingly looking very oversold...

There liquidity and movement we have had in oil today though has been seriously disgusting and almsot creepy!!


It almost seems like all the oil traders just died / became millionaires and left trading / all also went on holiday since friday...


Im now holding a £2 tick buy from 80.39, ive gotten fucked off with this now and so am going to just use the reverse now of putting my stoploss so low that i would be undercutting the opec actual production cost for most countries!! LOL


So id liek to see oil try to come and get me now!!!!!! :p




But this fuking 80.74 barrier, we have been hitting it for nearly 45minutes now, eriously 45minutes with oil traidng a 15ticks range!!!

I cant wait till that finally breaks and all teh priks get their stoplosses taken out!! :D :D




I really just cant understand oils movement/ rather lack of movement today though...??? confused: :eek:

Dow up 600+ points, dollar weaker by over 350+ to most pairs, yet since the uk open oil only now up 40cents!!!
 
hi guys. Soory haven't been answering your questions. Been looking after my nephew, and then went to town and bought a playstation 3 :)

My oil numbers are very different to yours, but as you can see I shorted earlier and closed it for about 80 pips at £3 per point, and the account is now NICELY into the 8000's :)
 

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Quote from blackjack666:

hi guys. Soory haven't been answering your questions. Been looking after my nephew, and then went to town and bought a playstation 3 :)

My oil numbers are very different to yours, but as you can see I shorted earlier and closed it for about 80 pips at £3 per point, and the account is now NICELY into the 8000's :)
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Nice.. ;)

How can you afford to be trading at £3 tick though from an account of only 8k?? :eek: :confused:

Especially with how horrific oil has now become to trade since theres now no trend anymore.. :( :(


I was at £260 earlier, lost £212, the lost £60 on that fking hbos trade because i had used to tight a stoploss..

So was in -£10, but since that last post i made 3 long trades on oil and took in an extremely easy £136 in minutes.. :)


Im gna go get a kebab now, and have resisted teh urge to just float myself into another long, with a stoploss somewhere near $59, as im gna wait till im hear to see enter manually and then monitor a clear buy opportunity.

Cos i still stand by my judgement that we are going to 86.26 area....
 
Thanks to spanish I have now decided to join this great forum.

Have been secretly viewing for ages and am very impressed.

Have had no luck with oil or trading in general so far but feel I have the power to turn it around with the help of some of the pro's on here.

Meli.
 
Quote from alientrader:

kebab will make u fat and u will have no more hot chicks
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LOL


For the last 9years every single day i had;
MacDonalds for after school every day as i walked past it on way to station.
+(had it for breakfast about 1/4 of the times also).

I then had dominoes pizza every single day for lunch + for dinner for 2 years at college / after college, although on a few days i alternated to a subway meatball sandwich.

Now i live in my apartment its a daily kebab + whatever else i choose to eat....


and yet i manage to keep this body!! :D
 

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Ok i was walking to the kebab shop and i had a brainwave!!! :)

And this is 1 of my 2 previous brianwaves, the 1s that led me from being 3k in debt to be living in a luxury apartment with £6,000+ pure cash capital + a few hundred quid in my bank too..., all in just 2months. :p

And the brainwave that led me to buying that book thatbhleped me so so much in controlling myself getting angry or over impatient when trading, which led me to make Over £5,100 far thso contract.. :)



But now back to this 3rd one...

The huge huge problem that was endangering my future sucess was the fact that the market had now come into such a situation that it now has no clear trend, making it extremely hard to trend trade.

All i wanted was an idicator or boundary, like when we were coming down from the 120s we all knew it was down!

As we neared 100 it was so obvious it was going under 100 we could all pile the sell contracts on and it was christmas come early....

But now the market has fallen into a stupid ranging crap pile!!!

:mad:



However i have no worked out a solution... :D :)

The market wont give us any clear boundaries that we can trend trade off,
but so i will create my own!! :)



From now on oil's base is 69-76, anything in that area or near that is a BUY.

96 - 102 is a SELL.


So i can now just trade off those 2 levels in the same style as i was before.
 
Quote from spanish89:

LOL


For the last 9years every single day i had;
MacDonalds for after school every day as i walked past it on way to station.
+(had it for breakfast about 1/4 of the times also).

I then had dominoes pizza every single day for lunch + for dinner for 2 years at college / after college, although on a few days i alternated to a subway meatball sandwich.

Now i live in my apartment its a daily kebab + whatever else i choose to eat....


and yet i manage to keep this body!! :D
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Nice abs, lol.

There either not yours or your lying about the kebabs and pizza. I have to watch what I eat otherwise it goes to my bum.

Do you still get the feeling oil is going down? I think maybe we could get $70 but not much more. Still haven't taken a trade on it today.

Meli.
 
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