5% - 10% profit per day trading
- Thread starter spanish89
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lol
K oils currently stalled at its 1st of the 4 support levels (2nd is my target).
But if market opend now id be in at over £500 profit already.
And this is extremely promising, since oil has 1.5% overnight, while the dow has still kept all its gain and actually risen slightly + all the asias are rallying following dow lastnight.
+the dollar has restrengthen pullbacked YET from lastnight,
so without anything else pulling back yet, BUT oil being the 1 thing that has already fallen to ths level,
its looking extremely promising that oil will fall considerably more when the dow does pullback and fall and the dollar gets stronger as it pullbacks from yesterdays spike!
target is currently set at 52.60, although if we get falling on the open through that, then i will go form the next support target of 51.60, maybe even the 51.26 level!
Its annoying that cos im using the futures contract for this trade, not daily, (as i wanted overnight hold), it has a min of 100ticks stoploss!! :eek:
So i cant lock in profit using s/l as oil falls.
But teh good thing is that the max drawdown this trade went offside me at worst was 25ticks lastnight,
and going for 250ticks profit.
So im very pleased with my entry.
Anyone else sold oil or dow for the overnight???
But if market opend now id be in at over £500 profit already.
And this is extremely promising, since oil has 1.5% overnight, while the dow has still kept all its gain and actually risen slightly + all the asias are rallying following dow lastnight.
+the dollar has restrengthen pullbacked YET from lastnight,
so without anything else pulling back yet, BUT oil being the 1 thing that has already fallen to ths level,
its looking extremely promising that oil will fall considerably more when the dow does pullback and fall and the dollar gets stronger as it pullbacks from yesterdays spike!
target is currently set at 52.60, although if we get falling on the open through that, then i will go form the next support target of 51.60, maybe even the 51.26 level!
Its annoying that cos im using the futures contract for this trade, not daily, (as i wanted overnight hold), it has a min of 100ticks stoploss!! :eek:
So i cant lock in profit using s/l as oil falls.
But teh good thing is that the max drawdown this trade went offside me at worst was 25ticks lastnight,
and going for 250ticks profit.
So im very pleased with my entry.
Anyone else sold oil or dow for the overnight???
Whooo was £500 profit exactly when market opend for me at 7am.
I took the bastard out teh market for that £500 (only got £464 afetr spread)
And then just resold again...
(just in time for this huge spike down that coming now)
Was abit pointless cashing in, just to reopen and so have paid £72 extra in spread costs..
But it was a moral boost thing, and so i wnated to lock in profit before i make my coffee.
Target is set at oil hitting $51.86 now, so will be a total of £1,448 profit from this oil move,
£1,859 profit for this 2days session from staring account of just 4k.
I seriously got to say thankyou to Annekdoton for his tips, since ive only been risking 22ticks, and made all this..
I took the bastard out teh market for that £500 (only got £464 afetr spread)
And then just resold again...
(just in time for this huge spike down that coming now)
Was abit pointless cashing in, just to reopen and so have paid £72 extra in spread costs..
But it was a moral boost thing, and so i wnated to lock in profit before i make my coffee.
Target is set at oil hitting $51.86 now, so will be a total of £1,448 profit from this oil move,
£1,859 profit for this 2days session from staring account of just 4k.
I seriously got to say thankyou to Annekdoton for his tips, since ive only been risking 22ticks, and made all this..
K ive also sold the dow at £2 tick.
Wasnt a planned trade, more spur of the moment decision in fear of missing the crash, and so instead of putting target sell form 8386 liek i wanted, i took sell from 8372... :/ sigh
Oh well, s/l is at 8416, so just above the top of range, and target is at 8062
So over £600 profit if it can get hit, risking about £100 so quite alot, but gna move s/l to breakeven if down can fall through the 8326 level
Wasnt a planned trade, more spur of the moment decision in fear of missing the crash, and so instead of putting target sell form 8386 liek i wanted, i took sell from 8372... :/ sigh
Oh well, s/l is at 8416, so just above the top of range, and target is at 8062
So over £600 profit if it can get hit, risking about £100 so quite alot, but gna move s/l to breakeven if down can fall through the 8326 level
Ooooooooooooooh Whoooooooooooo!!
I just pulled the oil trade as oil touched $52.29, and so took £726 after spread from that final half of the trade.
It was fuking scary as i had to switch to tick-by tick chart, and when i saw it test the 52.35 level and then bounce to teh 50s it took so much fuking nerve to hold out, but glad i did as i could see that the .26s always need to be tested..
I took 40ticks profit form the dow trade before, got bad in with tight stop and been just holding small prfit for a while as its been stalling.
So switched target to 8189, entry is from 8332, and so ive put stoploss at 8386, so max i can lose on this trade is £108.
gna leave this trade to run now as i want to go out for breakfast, and if dow keeps being this sluggish il get too impatient.
SO far i ive made £1,246 today, £1,675 for the week, so over 35% profit on my capital in 2days.
So think il take tomorrow off
I just pulled the oil trade as oil touched $52.29, and so took £726 after spread from that final half of the trade.
It was fuking scary as i had to switch to tick-by tick chart, and when i saw it test the 52.35 level and then bounce to teh 50s it took so much fuking nerve to hold out, but glad i did as i could see that the .26s always need to be tested..
I took 40ticks profit form the dow trade before, got bad in with tight stop and been just holding small prfit for a while as its been stalling.
So switched target to 8189, entry is from 8332, and so ive put stoploss at 8386, so max i can lose on this trade is £108.
gna leave this trade to run now as i want to go out for breakfast, and if dow keeps being this sluggish il get too impatient.
SO far i ive made £1,246 today, £1,675 for the week, so over 35% profit on my capital in 2days.
So think il take tomorrow off
i've had a 'porph' day so far today!
Im up nearly 3k
Good stuff Spanish. Was your money made on trading your new method or with the spanish stop, lol?
My next account target is 40k before christmas!
Im up nearly 3k
Good stuff Spanish. Was your money made on trading your new method or with the spanish stop, lol?
My next account target is 40k before christmas!
Quote from blackjack666:
i've had a 'porph' day so far today!
Im up nearly 3k
Good stuff Spanish. Was your money made on trading your new method or with the spanish stop, lol?
My next account target is 40k before christmas!
sick man. I think yours is more impressive in that im sure you take less risk per trade. Glad to see my username has positive connotations though!
I have also had a 'porph' day. Profit of over 10k today. Broken well through the 90k marker and looking at the big 6 digits soon. I think that was from 6 trades from last night (i had some take profits which triggered at about 4am) and today.
Good to bounce back from my first losing day with a 10%+ day.
Let's see if I can avoid giving it all back again.
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