spanish, do you use a system for trading Oil ? indicators ?
5% - 10% profit per day trading
- Thread starter spanish89
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Quote from spanish89:
I especially remeber that old fool fxscalper ranting on about how when ecb raised rates the euro was gna smash throiugh 1.6000 and how oil was gna smash through 150 and keep going tthough te 160s t 180s+!!
What a fucking idot... LOL
If you read through my t2w journal you will see all the times how i kept saying to him and everyone else that oil wa sgna crash becasue people simply couldnt afford this high oil!!
I spelt it out to him so fucking clearly, kept saying and posting that oil was gna crash because people couldnt afford those prices, and you couldnt sell something at a price that peole just cant afford to pay for it.
(This was before the term ''demmand destruction'' had even been invented, everyone else was shouting $200 oil, but i was the 1 who foresaw the demmand dertuction coming and so traded accordingly!)
And i remember the reply he gave that really showed me what a complete retard the guy is, he said ''traders dont care if people can afford the oil or not''! :eek:
(Just like i had told him that if he was really a millionaire like he claims to be to buy oil the day it went to $105, but he didn't)
This recollection is somewhat inaccurate
so let me get this straight...
there are 3 separate individuals on here who all claim to have made over £15k trading Oil in the past few months ??
there are 3 separate individuals on here who all claim to have made over £15k trading Oil in the past few months ??
Maybe you should read the thread.
What really what happened when oil hit $136.
http://www.trade2win.com/boards/fir...i-sold-135-67-should-i-hold-cut-loss-now.html
What really what happened when oil hit $136.
http://www.trade2win.com/boards/fir...i-sold-135-67-should-i-hold-cut-loss-now.html
We don't introduce facts here, get to the back of the room.
Quote from advfntrader:
so let me get this straight...
there are 3 separate individuals on here who all claim to have made over £15k trading Oil in the past few months ??
..and posted screenshots everyday...
there are a lot of people round the world who make good money doing this. You had a bad experience because your money management and risk control was dogshit - I remember the thread over on t2w.
And to be accurate, I've turned 5k into 18k. Yes I took risks but you only get rewards by taking risks. I'm not sure why you are posting here to be honest, its for people to post their own experiences of trading. I spent all of my evenings and most of my weekends reading and researching so as to prepare myself for what I want to do next in the markets. (I trade a variety btw)
What have you done to justify your 'trader' moniker? It sounds like you had a few ill advised and underprepared punts that wiped you out with little preparation, skill or knowledge and you can't understand how anybody else can make money? Who do you think took your 10k you lost?
Have a look on the trader p/l 2008 thread - there are guys knocking out $20k in a day.
lol
Yep i remember that day very clearly still!!
Ahhh all the panic and worry i had back then when just trading at £1 per tick.. lol
Listening to what everyone else said also and so kept losing money like everyone else.
But at the end of the day it doesn't matter how much i did or even still do worry or panic when in trades, as all that matters at the end of the day is the cash profit.
And after my sell that day oil barely rose $1 higher offiside, and then feel back about $6!!
So it was an extremely good trade. lol
I dont have a ''system'', as the pure idea of having a preset mechanical system to 'trade' is already extremely flawed.
As all 'the markets' are is a load of people, not computers, people. And so to make money trading you simly have to workout how the majourity of those people are going to react at each scenario and price that the market rises to, and the speed and angle it rises at,
and then put you trade in accordingly to mirror what you think the majority of those people will do.
People are all controlled by emotions every second, not by 1 preset method. And so its pointless trying to have a preset 'system' to workout what millions of people are going to be doing each minute! lol
I trade using price action, human pyschology, and fundamentals.
(Am also thinking of just getting a protractor and ruler and just traidng using those as my tools though!)
Yep i remember that day very clearly still!!
Ahhh all the panic and worry i had back then when just trading at £1 per tick.. lol
Listening to what everyone else said also and so kept losing money like everyone else.
But at the end of the day it doesn't matter how much i did or even still do worry or panic when in trades, as all that matters at the end of the day is the cash profit.
And after my sell that day oil barely rose $1 higher offiside, and then feel back about $6!!
So it was an extremely good trade. lol
I dont have a ''system'', as the pure idea of having a preset mechanical system to 'trade' is already extremely flawed.
As all 'the markets' are is a load of people, not computers, people. And so to make money trading you simly have to workout how the majourity of those people are going to react at each scenario and price that the market rises to, and the speed and angle it rises at,
and then put you trade in accordingly to mirror what you think the majority of those people will do.
People are all controlled by emotions every second, not by 1 preset method. And so its pointless trying to have a preset 'system' to workout what millions of people are going to be doing each minute! lol
I trade using price action, human pyschology, and fundamentals.
(Am also thinking of just getting a protractor and ruler and just traidng using those as my tools though!)
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