5% - 10% profit per day trading

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Trust me bruv you had a fuking lucky escape avoiding today!! :/


Arrgggghhh fuk me ive had to sit lookng at the stupid screen for the last 6hours now and yest for the last 4hours there has been like a 10ticks range on oil!!!!! :eek: :confused:


Seriously its just so fucking grueling and sluggish its disgusting!!!
 
@spanish89

1. What do you mean by 1 pound/4 pounds per tick and stuff?

2. How long have you been trading and what is the timeframe of your average trade?

3. Who is your broker and what commissions do you pay?

4. Any indicators you use?
 
Quote from usman88:

@spanish89

1. What do you mean by 1 pound/4 pounds per tick and stuff?

2. How long have you been trading and what is the timeframe of your average trade?

3. Who is your broker and what commissions do you pay?

4. Any indicators you use?
More...



ALoha mate..


1. £4 per tick means each tick (in oil its called ticks not points or pips), and so thats the amount im 'betting' per each 1cents movement of oil.


2. Ive been trading for over 1year now, only switched to fulltime in June when i left college and started with all the money i had in the world £759), and had to start earning a living off that instantly basically if i didnt wamt to live on the streets again.

So never got any of the cushy security that normal people do when they start trading, thrown right in at the deep end. lol


Average timeframe of a trade is between a few minutes to a few hours.


3. I trade through EtxCapital.com , would never ever trust a fking broker with my cash! LOL
if its my money than im gna do my traidng manually myself, not gna trust some poncy fool who couldnt make it as a trader himself! :D

And i pay '12ticks per trade'.
So for example if i am going to go long on oil and the oil price is $50.00, i will have my trade start from 50.06, so will start in 6ticks loss,
and when i close i will lose 6ticks more.

Since when oil is at 50.00, i can either buy at 50.06, or sell at 49.94.
So if i bought when oil was at 50.00, id be long from 50.06, and if i wanted to close it instantly id be selling at 49.94.

So i pay 12ticks per each trade, and in money terms its 12 x £per tick that im trading at.


So yesterday and tuesday when i was trading at £6 per tick i was paying £72 comission per trade!!



4. And i just use my eyes. :) (by far the best and ONLY indicator that you need and that works)
I look at where S&R levels are and how market reacts at them, look at trend line, look at triple tops and more importantly look for hangman formations, know the news each hour each day, constantly watch dow an dollar movements, and easiest to cash in from look for big spikes (1hour chart), and they are soeasy to make so so much money from by just traidng teh pullback off them.
 
K im not in the mood to trade today since after the disgusting session yesterday (only made £112 profit which really fked me off), but yesterday i was itting for 5 t 6 hours with 20ticks range!! :mad: :mad:


And when the market is fucking around like that its impossible for me to trade as my spread is almost bigger than than market!


Ive drawn on the trend channels on my chart to show how oil has just jumped up a channel into this higher channel taht its traidng in now.

Its gna fall back when dow pulls back, but cos no-ones traidng today it could be another crap dull day.

And especially with opec meeting over the weekend, and the dollar looking to start its pullback now i dont want to be the fool stuck in an oil sell over the weekend! lol


Im gna put my sell order at just £2 tick to go if oil hits 54.66, target for that will be 52.93 (maybe .69 if oil starts to move down strongly if it jits that resistance level)

Stoploss will be if oil breaks over the 55.11 level
 

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Quote from spanish89:

ALoha mate..


1. £4 per tick means each tick (in oil its called ticks not points or pips), and so thats the amount im 'betting' per each 1cents movement of oil.


2. Ive been trading for over 1year now, only switched to fulltime in June when i left college and started with all the money i had in the world £759), and had to start earning a living off that instantly basically if i didnt wamt to live on the streets again.

So never got any of the cushy security that normal people do when they start trading, thrown right in at the deep end. lol


Average timeframe of a trade is between a few minutes to a few hours.


3. I trade through EtxCapital.com , would never ever trust a fking broker with my cash! LOL
if its my money than im gna do my traidng manually myself, not gna trust some poncy fool who couldnt make it as a trader himself! :D

And i pay '12ticks per trade'.
So for example if i am going to go long on oil and the oil price is $50.00, i will have my trade start from 50.06, so will start in 6ticks loss,
and when i close i will lose 6ticks more.

Since when oil is at 50.00, i can either buy at 50.06, or sell at 49.94.
So if i bought when oil was at 50.00, id be long from 50.06, and if i wanted to close it instantly id be selling at 49.94.

So i pay 12ticks per each trade, and in money terms its 12 x £per tick that im trading at.


So yesterday and tuesday when i was trading at £6 per tick i was paying £72 comission per trade!!



4. And i just use my eyes. :) (by far the best and ONLY indicator that you need and that works)
I look at where S&R levels are and how market reacts at them, look at trend line, look at triple tops and more importantly look for hangman formations, know the news each hour each day, constantly watch dow an dollar movements, and easiest to cash in from look for big spikes (1hour chart), and they are soeasy to make so so much money from by just traidng teh pullback off them.
More...

well its spread betting, rite?
sounds like fun
a couple of questions more if you dont mind

1. Which country are you from and where is your broker based?

2. Any charges on withdrawing money from your account? How long does it takes for the funds to reach to your bank account from the time of request?

3. What is your opinion regarding your broker? Trustworthy and reliable or not? Any software problems etc?

4. Any other spread betting sites you recommend?
 
Quote from usman88:

well its spread betting, rite?
sounds like fun
a couple of questions more if you dont mind

1. Which country are you from and where is your broker based?

2. Any charges on withdrawing money from your account? How long does it takes for the funds to reach to your bank account from the time of request?

3. What is your opinion regarding your broker? Trustworthy and reliable or not? Any software problems etc?

4. Any other spread betting sites you recommend?
More...




Fun??? LOL :p

Ahhh dont let the name fool you mate.. ;)
Its made to sound easy so more people will do it, and as its harder in many ways than going through a broker they will lose money.

Basically you should only use an sb firm instead of a broker if you know that you are able to do it.
(or if you swing trade).
Since when lots of other oil scalpers are only going for 12ticks per trade,
i have to make 12ticks every trade just to breakeven!! :D


1. Im from UK, broker based in London UK.


2. No charges to withdraw, 1 t 3days, and following a suggestion that i made a few months ago they have made it so you can withdraw automatically yourself from your account whenever you want.. :)
Dont need to email them.

And so so you can withdraw hal your profit everyday if you want, so even if you have a bad few days you will already have saved up a far bit throughout the week/month.


3. Etx are perfect as 'people'. :)
They basically are straight forwatd and direct, dont do any funny sort of nonsenses! lol

Like they charge slightly higher spreads than others, you dont like it they would just say fuk off and use a diff sb firm then.
But they are good still by charging slightly higher spread as they dont then ever widen that spread of freeze trading.

SO what you see is what you get and what will stay.
All others widen spreads during volatility times.

They dont ever phone you up distrubing you as long as you dont phone them up and disturb them.. :)
SO no annoying broker sales calls or anything like that ever.

But if you do have a problem ever you phone them and they answer your call within 3seconds, and if like happened to me you got closed out beofre stoploss was hit they will 'roll it back' straightaway for you and put you back in teh trade with your money back.

They also now copy IgIndex's charts exactly indentically (i suggested that too ;)) lol
Thier oil charts dont work, but i use's ig's charts anyways as teh white background looks nicer.
 
I wasnt really planning on doing any traidng today, but as i saw a hangman form and then crash down to exactly where my target was and line was, then bounce back from exactly where i knew it would to exactly where i knew it was gna go it was just starting to take the piss...

As its been in this same range for the last 3days now, so i know the exact price levels that it bounces from when falling and where it bounces to... ect


So as it bounced back from its low in a big 55ticks spike in 1min i punched it back down... :)

And cashed in my days salary in those few mins. :)


Was gna wait for it to break 52.94 and go to .69 but couldnt be bothered as im hungry and want to go out for my breakfast now
 
Mate, tried to find your thread over on T2W, could'nt find it, has it been removed, cant even find your name over there (Spanish89)? Trying to find where you've posted your strategy without having to read all the boorish and gypy comments form the "vets."
 
Quote from cadman:

Mate, tried to find your thread over on T2W, could'nt find it, has it been removed, cant even find your name over there (Spanish89)? Trying to find where you've posted your strategy without having to read all the boorish and gypy comments form the "vets."
More...


Aloha, my thread is in the journals section, its still there, but i think its 2nd or 3rd page now
 
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