5% - 10% profit per day trading
- Thread starter spanish89
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Aloha and for teh guy who private messages me asjing for a sceenshot of exactly what im looking at when i see my screen ive taken screen shot for you.
Thanks for it btw as its jolted me to lower target to oil neeidng hit 46.58 only as thats where the lines crosses.
As you can see as its hit the line at this 46.01 level its stalling.
so gna take it out at the next hit of the above line
Thanks for it btw as its jolted me to lower target to oil neeidng hit 46.58 only as thats where the lines crosses.
As you can see as its hit the line at this 46.01 level its stalling.
so gna take it out at the next hit of the above line
Quote from spanish89:
Aloha mate, and thanks..
I trade through a spreadbetting firm, so pay a 12ticks spread per trade, but all the profit i make is tax exempt!
And i speak on here most days, also have quite a few private messages per day that chat to people through,
and am happy to chat on msn to anyone who wants.
Hows your trading been going recently mate??
I've just been trying to read a few things at the moment so I can understand what's going on.
What's your analysis for entering a position? I looked at your chart and couldn't really understand it - it didn't seem to cover anything i've read either, nor do some of the trading phrases you have mentioned. But perhaps that's because i'm not as experienced as you
Quote from The Trojan:
I've just been trying to read a few things at the moment so I can understand what's going on.
What's your analysis for entering a position? I looked at your chart and couldn't really understand it - it didn't seem to cover anything i've read either, nor do some of the trading phrases you have mentioned. But perhaps that's because i'm not as experienced as you
ALoha mate, um what phrases of mine dont you get??
and what bits of the charts confused you??
Soz teh charts do look abit messy... lol
Hi,
some of the things like "sliding triple tops" - I haven't come across that, a few other things you said like "sell on the rumour, buy on the news" - but I don't want to look like i'm nit-picking
Just the charts looked like a load of lines to me and they didn't seem to relate much to the chart from where they were drawn - I understand the basics of some support/resistance from what i read online and some of your lines where you drew support weren't support? Also, the channels - or I think they're channels, I didn't really understand how you were able to draw those, and more importantly trade off them.
I guess this stuff is really simple to someone as experienced as yourself, but i'm just struggling to find out about this stuff online.
Just dumped the trade as i aw it really reallyb stalling, no liquidty, and it could be a hea dn shoulders..
Any how i was only going for about 40ticks more than i got so £120 at the low level i was doing it today,
so decided to just take the cash and relax...
I saw it looking liek head n shoulders so i waited for the pop back up though to be teh 2nd shoulder, and took teh trade off teh market then.
Was a nice exit as its slid down instantly after that...., and now is touching the lower trend channel line at 45.98
Any how i was only going for about 40ticks more than i got so £120 at the low level i was doing it today,
so decided to just take the cash and relax...
I saw it looking liek head n shoulders so i waited for the pop back up though to be teh 2nd shoulder, and took teh trade off teh market then.
Was a nice exit as its slid down instantly after that...., and now is touching the lower trend channel line at 45.98
Quote from The Trojan:
Hi,
some of the things like "sliding triple tops" - I haven't come across that, a few other things you said like "sell on the rumour, buy on the news" - but I don't want to look like i'm nit-picking
Just the charts looked like a load of lines to me and they didn't seem to relate much to the chart from where they were drawn - I understand the basics of some support/resistance from what i read online and some of your lines where you drew support weren't support? Also, the channels - or I think they're channels, I didn't really understand how you were able to draw those, and more importantly trade off them.
I guess this stuff is really simple to someone as experienced as yourself, but i'm just struggling to find out about this stuff online.
ALoha mate...
Basically the only thing you need ot trade is your eyes.
*Simple as that*
So thats all i use, my eyes.
They see stuff, send message to my brain, and brain send message to hands to click the trade execute buttom.
So the phrases i use are visual phrases that i use to try and make it easier for teh people who find the stuff in my journal helpful, to be able to know when they see those visulisations on the chart themselves.
Sliding triple top= A normal double / triple top is where market goes up to level halts, falls down, back up but stops and same level, down again, but back up again...
I dont like these much as they are risky trades, as since they are formed by the market simply smashing into that 'price ceiling', it can easily and ofetn does break trhough it since its smashing it hard.
However a ''sliding triple top'' is where price is making triple top...,
but the tops arent all at the same level.
They instead are 'sliding down' at slight angle.
These are etxremely easy to trade off, especially if market has just rallied for quite a long time / quitely high and steeply, as these are the start of the pullback fall.
(Ive attached chart so you can see what they look like and so will be able to recognise them when trading).
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