5% - 10% profit per day trading

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Neither does it make me any more wrong.

I don't see what the identity of the author of the excerpt has to do with anything.

Unless you are saying that you should ignore the fact that it was rejecting clear support just before it rallied, and instead of getting long you should have waited for some news.

A bit rich coming from a scalper.
 
Quote from choc13:

If you need trading to make you happy you have problems.

He traded with all his capital and blew up a couple of times, but always had money on the side for his family. His psychological problems have nothing to do with his trading ability; if you can't understand a message for the messenger that says more about you...

As a corollary take Maradona - substance abuse, addict, almost died as a result, banned from the game for his drug habit. He must have been a shit footballer by your logic.

Either way, if you disagree, trade the news when it comes out - after the rally has taken place; see how well it goes.
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Who is talking about trading the news?

I was already in a trade when the spike happened.

When the price breaks through 4 S/R levels in a matter of minutes after a rather dull day it would be idiotic to not give any consideration as to why.
 
As far as oil goes the move was quite minor, besides, what makes you think there is any one reason for the rally?

Watch the news at the end of every day and you'll see how they come up with bullshit to explain why the market rallied or dumped - waste of time imo.

anyway, as you were...
 
Quote from choc13:

As far as oil goes the move was quite minor, besides, what makes you think there is any one reason for the rally?

Watch the news at the end of every day and you'll see how they come up with bullshit to explain why the market rallied or dumped - waste of time imo.

anyway, as you were...
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A minor move??

It surged nearly 5 dollars and broke through multiple lines of resistance including a swing high.

You don't day trade oil do you?

Thanks for your contribution anyway.
 
ALoha i think it was because of the dow mainly, combinded with opec meeting coming up.

Im abit sad that i left oil for dow as i thought oil would have no action....



AFter that oil dropped $4s, and then rose nearly $5s! :eek:

Especially when i had got my buy in from 51.28 (30ticks stoploss), but as move was quite slow and dull i took profit at just 51.46.



Wheras the dow just been flat lining all day, with abit of more uptrend somehow!! :eek: :eek: :confused:

It so so much better crash on monday, or im fucked!!
 
Oooooooooooooooooh ive had so sooo much fun feasting on oil!!! :D :p


Giving us this same range for over 1week now is just ridiculous, as i can have now been trading with 4ticks stoplosses, 60ticks targets, as i know all the S&R exact prices! :)


And dow crashing nicely.


As soon as it drops to 8667 im moing stoploss to breakeven on the trade.

It gets taken out for £0 i can just sell higher and make even more money... :)



It doesnt take me out, well target is 8426.


(december 16th contract)
 
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