5% - 10% profit per day trading

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Quote from plumber68:

Hi Spanish,
no problem did take a long YM , did pretty good out of it not the few hundred points it went after I got out, but still a very good Friday to make up for mid week loss, finished week positive, which is amazing for what shape I was in Wednesday !! .

Thank you for all your posts, keeps me in some kind of human contact if even by ET :-) Trading is kinda lonesome sometimes:-)

Never did figure oil out will look into it more this weekend.
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Aww well done mate, im really glad to hear that.. :)


And thats fine mate, it gets relaly really lonely and sorta mind-fucking being alone all day everyday trading.

Feels like wierd when go out to tescos now and seeing other humans.. :(


If i didnt have ET id probably be in some padded room talking to myself!
:D
 
K and to all the twats on t2w, especailly that old fool fxscalper... :D
http://www.trade2win.com/boards/general-trading-chat/41616-spanish89-28.html


In total from when i switcehd to fulltime traidng till now, 6th July to today 6th december, so 5months,
ive gone from £759 to having earnt £26,890 profit!! :D

1st 4months of that max size was £2 per tick,
and this was all extremely 'scared money' that i was using, and couldnt compound capital as had to keep withdrawing a few hundred quid per week, every week.

Thats all tax exempt since i pay such high spread costs per trade, and im now trading at 6 t 8x that size, and so am earning 6x what i was earning previously!



2ndly i dont take 'lots of small losses' candles! lol

Since i dont make many trades anymore like i used to, since at the size im now trading at im paying £100 in comission per trade,
so itd be too stressful to try scalping hardcore like that.

And now the few trades that i do make per day i only make them when the market is in a situation wher eit would be EXTREMELY RIDICULOUSLY hard and rare for the market to manage to avoid going into profit for me! :)

This not my personal opinion, i always just let my trades speak for themselves.


Over the last 2weeks here are the stats:

Week 1: traded 3days, started from under £4000 capital, made about 9trades, zero losses, all went into profit very quickly, and even though i pulled them early before targets that would have made over 3k, i still took £1,703 last week.

This week: started from just £5,602 capital.
Made 16trades-
*13went into and stayed in profit within 60seconds of the entry.
*2 took about 15minutes before they locked into staying in profit, as market was ranging and jolting at the entry level.
*And i took a loss on only ONE trade out of the 16.

That loss i took yesterday on that long trade that id got into slightly too high on thursday evening,
it did go into profit for me, but fell 40ticks short of my target.

So i took the loss on that closing it for a loss at $43.95.
(Simply look at the chart and you can see that under 60seconds later market crashed down, and kept crashing to the 40s!!)


So i do take losses when its actually necessary, dont just take them for the sake of them like most people do! lol


And even with that loss of £583 (£8 per tick trade), i went back and made that all loss back +nearly £200extra within minutes of making my next trade, that again had another point-perfect exit!!


Ended the week having made £4,652 cashed in profit, so about 80% profit on the week's starting capital!

And still holding a trade that is in £300 profit, very lilely to become £3,000 profit by/on monday!! :D
 
Ive been keeping daily journal everyday since July and so ive now proved beyond any sort of doubt that this wasnt just a lucky day, lucky week or even lucky month....

Ive been earning close those sort of stats every single day ever since i made the switch to fulltime!

(Not that i even have any need to prove to anyone how sucessful i am, since none of the pricks from t2w has actually shown anything of any value that would have made others money,
however ive been giving all my trades as live calls and have helped lots of people make alot of money now!)



But i have a question for Fxscalper-

Mereley quoting what he says that ''Anyone can make loads and loads of easy money by just putting a trade in 1direction on a market with a few thouand points stoploss an djust leave it for a few months, and you will make loads of money. Very easy to do''

So if that is all that i do... (even though i day trade, dont very rarely hold trades overnight),
and if its so easy,
then why doesnt he just do it then at a few hundred quid per point (since hes a millionaire he claims) and multiply his millions??? :D :p


Come on mate, if its as simple as that, a guarantted money spinner, why dont you any everyone else just do it that way instead of using tight stoplosses,
if its so sooo much easier to CONSISTENTLY keep on making loads of money doing it that way??? :cool:

Especially in the markets at the moment when everything is now ranging madly on a daily/weekly basis, just sticking a trade in 1direction and leaving it without having a clue what your doing will surely make you loads! :D




The thing that really relaly bugs him is that when i started he was the cunt who kept trying to put me down and tell me i was crap and didnt know how to make money trading, and that hes the 'trading master and has 100,000s quid capital and was earning £1k t £2k per day from that...

Yet ive now come along, only 19 so he automatically hates the fact that someone my age is skilled at trading,
when it should only be upper class middle-aged men with dry senses of humour who should be able to do it! :D

And ive got a very strong feeling that im now actually consistently earning more than he does,
esepcially if hes being honest about his capital size,
then i have merely 1% of the amount of capital that he does,
yet am already out earning him!! :D :p
 
Quote from spanish89:

Was thrown in right at the deep end.. lol

Was a case of you dont earn you dont eat or have a house to live in,
so just learnt it all trhough trial n error n logic.
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well it seems to work well. so nice one. Could you go into more detail in regards to how you calculate these levels? Do you extend the pivot highs and lows at the same angle as the trend? If not, how?? :)
 
Quote from MJUK:

well it seems to work well. so nice one. Could you go into more detail in regards to how you calculate these levels? Do you extend the pivot highs and lows at the same angle as the trend? If not, how?? :)
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Aw thankyou mate..
Ive looked over my trades for the last 2week as the entries based on the reactions to touches on the lines,
and i guess it really is extremely effective. :)


Basically to draw these levels on you simply get the chart up and draw the lines.
No 'calculations or numbers' needed, its simply a case of just drawing the lines based on what the visuals, not numericals.

What the lines are is 'trend channels', but since rice is constantly just ranging (jumps or drops into different channels, but then consolidates and starts its new range there),
there are quite a few different channels that it could range in, and theres no way of predicting or knowing which 1s it will do it and which 1s it will have as its base and top.

However you do know that every time it does touch/cross a line that there will be some sort of reaction there.
It may sometimes be very very quick and small, sometimes may be a few hours of range there before moving to a new channel.

So this helps you know the ONLY places that you actually need to focus on, and so if you follow it then you wont enter trades at any mid-range levels.


To draw these lines on your chart you simply go to the 30mins / 1hour chart, zoom out to the max,
get the diagonal line drawer, and just start it at the top spike on the top left of screen and have that line go through the top of where all the to spikes of the following ranges were.

You then start at the top of the more medium size spike at the top left of the chart and draw it trhough the top of the medium spikes of the follwing ranges.

You also do it for the lowest dips of each of the ranges, as this is the lower trend channel tat price could drop into.

And so on...
The more lines you have the better, as you never know which of these line levels will be its final reaction before it rebounds.


(I prefer the 30mins chart to the 1hour as you can more clearly see the more precise level where the the line should go through the top of all the spikes).



If you use ig's charts you can draw all the lines on the 30mins chart, save them via teh save button, and then when you switch time frames the lines will stay on, and relevant 1s for that time frame will show.
+they wont be lost when you close the chart.
 
Quote from usman88:

my analysis for tomorrow
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Ooooh, now i strongly have to disagree there mate.. :)

Oil fell 26% straight in the last 1week!!! :D


Every 40cents it now falls =1% more!
So a $2s fall now will mean 5% crash!



Heres my analysis-

It boucing back to the 44.73 level.

(so il get filled out at 44.66) :)


Entry is in at 41.91 at £9 per tick,
so will be 275ticks x £9 = £2,475 profit.
 

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Redone that chart to show you how extremely likely it is that market will rebound...


Look at how right from the top EVERY SINGLE TIME that it slid that far straight, how it bouncedback ''atleast'' the amount that im looking for.

AND THEN, you have to add in the fact that when its coming from 146 a $6 drop back then would be nothing!! lol
(Merely 3.9%)


Now a $6 drop is over 15%!!!



So back then it was ''dropping 4%, and then bouncing''.
So then when you look at it now falling 26%, how on earth could you not think it will bounce....??? :eek: :confused: :) lol
 

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I am assuming a 62% retracement if you see my chart. According to my analysis, thats the max its gonna rebound and then fall towards $40.

I am in no way saying that you are wrong. I am merely putting forward what I believe
 
Mmmmmm market not even opened properly for the asians and alreayd we got lift off on oil, up %1 already. :)

Stupid market fell to teh 41.60 level as its close though, so now thise 30cents rise is already nearly 1% up! :(


My target is at 44.26 though, so need a 44.32 touch (20ticks below Fridays high, and that was when there was all the fear about the nonfarms being bad so the fear was there then.
But now that nonfarms hit worse than anyone expected, yet dow still rallied so high and hard, oil is now really really struggling to find more excused to avoid rising, and so rise pullback comes).


Oil fell 26% straight last week, so all im not needing is just 6% rise back now (6% in relation to the now lower price, so only 2 n half dollars),
and that targets hit and money account capital will have been tripled in 2weeks. :)


And anything that opec or news related that now comes will only be a further boost and excuse for oil to rally.. :)
 
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