5% - 10% profit per day trading

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Quote from MJUK:

Do you work full-time?

Yes I do. I'm a finance analyst but im left to my own devices for a large proportion of the time and I have a very easy going boss..

I never work past 5:30 and I'm never in before 9.

Limit orders are my friends.
 
We were on the same page again then porph. :) shorted the market myself in the afterhours last night. Main profit targets were hit for about 50points profit and closed the remainder of the position manually this morning, averaging 80 pips or so on that trade. Also scalped a long for another 25 points giving me 1.5k for the day.
 

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Quote from candles:

We were on the same page again then porph. :) shorted the market myself in the afterhours last night. Main profit targets were hit for about 50points profit and closed the remainder of the position manually this morning, averaging 80 pips or so on that trade. Also scalped a long for another 25 points giving me 1.5k for the day.

Nice one candles. It's good to know I'm following similar signals to yourself. How have you managed with a growing account? Your results have been incredibly consistent so I imagine it has increased by a fair amount.
 
Fukcing hell seriously well done porph!! :)

i hope you keep on getting in and out at the entries that you've been seeing. :)


I feel pretty stupid now for bailing out on my oil short after lastnight's spike,
the only reason i took it for the loss was because when dow rocketed 800points up i knew that asia would rally overnight on that,
and so was very concerned that it would take oil a dollar or 2 higher overnight, especially if opec said anything.

Ive learnt from this week though that in future i need to trust myself more,
as i only do enter into my trades and set the targets for a reason,
and so i need to start believing in myself more and just leaving all trades to run to their targets.



Gna scale back to £2 t £3 per tick now though.

Have printed off the housing benefits application form though,
and sending it off tomorrow, so should have it backdated to monday, and be getting about £632 per month.

So will only have to earn about £400 t £500 per month to keep on living. :)


And am going to start using a '6-steps drop', before i then get into a trade for the pullback and new trend.
 
What are everyone’s thoughts the coming weeks market action?

All the charts (CL and EUR/USD and DJIA) I follow are forming flags, which have formed over the past month, and they look like they may resolve this week.

If CL breaks beneath its short-term rising trendline I think it will fall to circa $52.

Will be looking for a short at its intermediate trend line around 58.50
 
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