5% - 10% profit per day trading

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Quote from pocrel:

guys why are the pits closed tomorrow? also when the future contract comes to an end how do you normally play it? is to dangerous?
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USA bank holiday.

We can still trade i though as its go uk and european traidng _ USAs can trade it online.


And end of contract is the best easiest money ever!!! :D :p :D

Loads people are lazy, and just put in huge trades at beginning of month in the direction that the trend 'had' been the month before, so down till last months, ths month mixed but still sorta down.
But those people dont come back to their screen till the last 10mins of the final day of the contract, and then close it out then, as they will all have to to cash in the trade.


So all you is if you see market fallen $30s down that month, last day when you see a low t midpoint that day you just drop a huge buy trade down and wait till the end when theres the short squeeze! :p
 
Quote from spanish89:

USA bank holiday.

We can still trade i though as its go uk and european traidng _ USAs can trade it online.


And end of contract is the best easiest money ever!!! :D :p :D

Loads people are lazy, and just put in huge trades at beginning of month in the direction that the trend 'had' been the month before, so down till last months, ths month mixed but still sorta down.
But those people dont come back to their screen till the last 10mins of the final day of the contract, and then close it out then, as they will all have to to cash in the trade.


So all you is if you see market fallen $30s down that month, last day when you see a low t midpoint that day you just drop a huge buy trade down and wait till the end when theres the short squeeze! :p
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What date does your Nov contract close?
 
the 13th november, so basically what you are saying spanish i should go long on the 13th? as everyone else is short? or did i get that completly wrong, an example would be great if you dont mind
cheers mate
 
I think the logic was that if the trend is down and the day is heading down then you have a lot of sellers who have to close out their contracts (buy) which will force the price upwards.

Personally i am not so sure and ive never really played this one.
 
i think i rememeber last month with all other things going on did nt the oil contract jump up 30 dolllars in one day so that was everyone who had gone short covering, but was that an anomaly? or does it just jump a little
 
Quote from porph:

What date does your Nov contract close?
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Mine closes on the 19th november.

Which is so fuking great as its always 1day before the real standard one closes...,
Since i can just trade the daily 1 with the tighter 8-ticks spread that day, and so get the full range of the shorts squeeze if we going up,
but then after 7.30 when the daily 1 closes and ends the december 1 will still be open till 9pm, and will have risen quite alot too so be extremely overbought cos its only forced buying.
SO i can then just sell extremely heavily there straight away, and so double up as it crashes overnight in asia and the next day when the real december contract starts and everyone else get the scraps to finish off selling down after the asians have.
:)

When does yours close??
 
Quote from pocrel:

the 13th november, so basically what you are saying spanish i should go long on the 13th? as everyone else is short? or did i get that completly wrong, an example would be great if you dont mind
cheers mate
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:eek: :confused:

What sb firm you using mate??
Since the 13th is just a normal day in the oil world.

I think the unless 20th is weekend that should be last day off the contract, and so if we get more dropping for that date then smash it as hard as you can with a buy from as low as you can get it.


An example is the september contract, spiked up from about $102 to $130!! :D :p :cool:
 
K itl be nearly 3.30am before i go bed, so will probably be up abit late.. :(:(


But from tomorrow i was wondering if anyone would care to join me in my trading chatroom during the day while trading?? :)

You can minimise the window and as the chat screen is small it wont block you seeing the charts or your platform..,
but we could then share what enteries we are looking for /just gone into, live as we do them... :)

+Takeout the boredem of the day during the quiet dull hours. lol


The link is: http://vyew.com/room#/461502



Hope to see you there jakker, porph and others... :cool:
 
Arrrghh ive just added up all my withdrawals since i restarted trading after moving into my flat, and the total isnt nice!! :'( :( :'(

And this is when i wasn't paying any rent even!!

Cash Withdrawal 17/09/2008 09:57:37 £78.00
Cash Withdrawal 22/09/2008 10:59:09 £89.00
Cash Withdrawal 22/09/2008 11:26:05 £65.00
Cash Withdrawal 24/09/2008 09:16:03 £89.00
Cash Withdrawal 26/09/2008 10:44:37 £89.00
Cash Withdrawal 30/09/2008 12:34:14 £169.00
Cash Withdrawal 07/10/2008 11:10:45 £168.00
Cash Withdrawal 10/10/2008 09:18:25 £220.00
Cash Withdrawal 13/10/2008 10:28:08 £322.00
Cash Withdrawal 20/10/2008 10:47:32 £220.00
Cash Withdrawal 29/10/2008 09:37:29 £220.00
Cash Withdrawal 03/11/2008 09:49:45 £220.00
Cash Withdrawal 10/11/2008 09:45:09 £220.00
Cash Withdrawal 10/11/2008 15:28:45 £220.00


£2,389 spent somehow in under 2months!!! :eek: :confused: :eek:


And i ahve no fucking idea where that all wnet though!!
I can only in my mind actually account for maximum spending £600!!
:(
 
Quote from spanish89:

Arrrghh ive just added up all my withdrawals since i restarted trading after moving into my flat, and the total isnt nice!! :'( :( :'(

And this is when i wasn't paying any rent even!!

Cash Withdrawal 17/09/2008 09:57:37 £78.00
Cash Withdrawal 22/09/2008 10:59:09 £89.00
Cash Withdrawal 22/09/2008 11:26:05 £65.00
Cash Withdrawal 24/09/2008 09:16:03 £89.00
Cash Withdrawal 26/09/2008 10:44:37 £89.00
Cash Withdrawal 30/09/2008 12:34:14 £169.00
Cash Withdrawal 07/10/2008 11:10:45 £168.00
Cash Withdrawal 10/10/2008 09:18:25 £220.00
Cash Withdrawal 13/10/2008 10:28:08 £322.00
Cash Withdrawal 20/10/2008 10:47:32 £220.00
Cash Withdrawal 29/10/2008 09:37:29 £220.00
Cash Withdrawal 03/11/2008 09:49:45 £220.00
Cash Withdrawal 10/11/2008 09:45:09 £220.00
Cash Withdrawal 10/11/2008 15:28:45 £220.00


£2,389 spent somehow in under 2months!!! :eek: :confused: :eek:


And i ahve no fucking idea where that all wnet though!!
I can only in my mind actually account for maximum spending £600!!
:(
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How's that 5-10% a day coming along?
 
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