5% - 10% profit per day trading

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Quote from MohdSalleh:

why u long, we are gonna break oct 10 low...maybe crash to 6000 on dow
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I reversed mine v quickly. I dont understand the short squeeze on contract expiry, surely all the guys who are long have to do the same?
 
Quote from pocrel:

short seems the only way to go spanish fighting the fucking trend is getting us no where
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lol

I wouldn't say that mate, as im not into 'fighting trends'.

Im not gna start building strong buys into oil from the day lows till oil reaches about $46.


I dont get it though why you-

a. Went long on oil just before jobless was coming?? (I mixedup my calendar so though jobs tomorrow)

but then also

b. Why you went long TODAY, but used a mid size stoploss??? :confused: :eek: :confused:


The reason i am long today is ONLY because today is the last day of the oil contract, and especially after this dip today of down 7% + about 30% down straight over the last 4weeks, MOST TRADERS will have just sold oil at start of month, and are still holding those sell sdown to that low today.

They are NOW starting to cash in so, BUYING OIL back now,
not cos they want to and they tink oil has reached bottom, but because they are FORCED to.



Thats why im long, cos all that FORCED BUYING, is going to force oil up towards teh end of the day! :) :cool:


Last time it rose up $8s in last 1hour, month before rose nearly $20s.


All i now need is a $1 rise to break even.



And after being down 7% today alone, it will and is pulling back cos there is no alternative.



I know oil down $2.50 t $3s seems nothing normally mate..,
but now with oil at $50 oil moving 2.5dollars is 5%!!

A 5dollar move, taht used to be small, would now be a 10% move which is a huge %!!


Oil falling from now to $40 would take a 20% crash....
 
Quote from porph:

I reversed mine v quickly. I dont understand the short squeeze on contract expiry, surely all the guys who are long have to do the same?
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What 'long guys'??? ;) lol

Thats the beauty, the buyers havent been in the market so far.


Just like they havent been in for the last few months, they took the morning off,
let oil slide down as there no buyers, and then BAM!!


Buy buy buy!!


Sellers forced to buy + Buyers wanting to buy cos they knew the sellers would all be forced to sell....

means BIG SPIKES!!


and then big selling off that spike tomorrow.



Thats why i dont get why you went into an oil long porcel mate if you wernt doing it for the shorts squeeze at the end of the day...?

:confused:
 
Ahhh its already started... ;)

$1 spike over last 20mins....


Just pulled 2 trades for over £100 more profit at top of spike, added 1 back 40ticks loer, and gna added next in abit
 
I shorted oil for another small gain of £190 - and am now £200 away from 30k in my account :)

Ill be damned if I cant make that amount of money tomorrow, lol.

Am definitely finishing up for the day now to do some serious gaming, lol.

later.
 
yeah i was doing it spanish style the short squeeze theory but i have to keep my stops tight as i dont have much cash in the account, also the i was expecting a little bounce in the dow form it recent bottom but that did nt work so i am short all the way
 
Quote from blackjack666:

I shorted oil for another small gain of £190 - and am now £200 away from 30k in my account :)

Ill be damned if I cant make that amount of money tomorrow, lol.

Am definitely finishing up for the day now to do some serious gaming, lol.

later.
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enjoy it, well earnt.
 
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