5% - 10% profit per day trading

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Quote from The Trojan:

I don't know my man, but something smells bad.


The Trojan at first glance will appear to be useful but will actually do damage once you come into contact with it. Those on the receiving end of a Trojan are usually tricked into accepting it because they appear to be receiving legitimate information. When a Trojan is activated the results can vary. Some Trojans are designed to be more annoying than malicious or they can cause serious damage. Trojans are also known to create a backdoor on your person that gives malicious users access to your body, possibly allowing confidential area to smell or a person to be compromised. Trojans are self-replicate. .
 
Quote from spanish89:

im juts issed off about this extremely low display from the news of starting by shouting the headline 4.2million cut!!

And then 5mins later they change that to 2.4million only, and say 4.2 was a techincal number of some other shitty excuse they gave for giving it!!


if id had known it was only 2million id have taje the trade out at 43.86 and would now be over £1000 richer and away till the new year!
Instea dof having to sit here and dela with all this shit

It seems this instant news is not accurate enough to trust? I used to try and listen to the news, but is caused me to make more mistakes than it was worth. Price is all that matters and that's all I use now. No news service for me, and I learned the hard way.

Also, the old saying always seems to stand true. Trade the rumor, fade the fact.

I really would have expected the tanking dollar to have more positive effect on the oil, but when bubbles burst, crazy things happen. The oil bubble has definitely been a great run. Glad to read all the positive profits you guys have been making on the way down. Congrats!
 
Quote from mccullek:

It seems this instant news is not accurate enough to trust? I used to try and listen to the news, but is caused me to make more mistakes than it was worth. Price is all that matters and that's all I use now. No news service for me, and I learned the hard way.

I couldn't agree more! Nearly every morning I listen to NPR and a marketplace blip comes on to say the market is going up/down and I still get that twinge of "Oh no, I was going to opposite direction yesterday" and as soon as I open my platform the trades that I held overnight are doing just fine.

Ignore the news - it doesn't help! You know you're doing great and you've got a steady system - stick to it regardless!
 
Quote from Armstrong:

The Trojan at first glance will appear to be useful but will actually do damage once you come into contact with it. Those on the receiving end of a Trojan are usually tricked into accepting it because they appear to be receiving legitimate information. When a Trojan is activated the results can vary. Some Trojans are designed to be more annoying than malicious or they can cause serious damage. Trojans are also known to create a backdoor on your person that gives malicious users access to your body, possibly allowing confidential area to smell or a person to be compromised. Trojans are self-replicate. .

Very perceptive and clever, it seems the irony is not wasted on you.
 
you cant ''ignore news'' tho, since news is what caused the market movements.


It was the news of demmand going down that cuased market price to drop.


It was news of the over supply of gasoline this week in usa taht caused oil to drop that fast n steep at 3.35 today.


It was the news at 3.45 about 'opepc cutting 4.2million barrels', that caused that spike on nearly $2s in 5seconds!


It was then the news that that was wrong and only 2.2million that caused the crash.


if they had sayed news 16million barrels cut, oil would have shot up to over 100!! lol

So you cnat just 'ignore' news.




if you ignored that news about 4.2million and kept
 
hello.
Made all my money by shorting very heavily early this morning on the Dow and then lost a little on a GBP/USD trade (my favourite recently but not today :()

Made £1660 for the day :)

Hope you guys are still kicking arse. Gonna cut down my screen hours LOTS from today as celebrate christmas in style this yeasr!! :)
 
Heres the chart to show how lines have been holding.


I sayed to dante a minute ago taht if 41.86 hold we will get spiking.

its tested .26, had gone from low steeply so it dipped to .86, next its gna break trhough .26 and try to got to .60 t .76, then dip but if .26 holds it can break into teh 43.26+ level... :)


My avergae is £12 long from 42.38
 

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Quote from spanish89:

you cant ''ignore news'' tho, since news is what caused the market movements.


It was the news of demmand going down that cuased market price to drop.


It was news of the over supply of gasoline this week in usa taht caused oil to drop that fast n steep at 3.35 today.


It was the news at 3.45 about 'opepc cutting 4.2million barrels', that caused that spike on nearly $2s in 5seconds!


It was then the news that that was wrong and only 2.2million that caused the crash.


if they had sayed news 16million barrels cut, oil would have shot up to over 100!! lol

So you cnat just 'ignore' news.




if you ignored that news about 4.2million and kept

Spanish, that's where following price comes in handy. If the news affects price, then we see it instantly and react. I think you need to know for certain when big news is going to be released and be prepared that something big could happen at the time, so that's a good time to exit or tighten your stop, etc., but what the news says is really irrelevant until you see how prices react to it.

I also always trade with a safety stop, so if it's really that big of a news story and I'm on the wrong side and can't react quickly enough, my stop is hit and I'm out looking for a new entry.

The point I was trying to make is that if the news is relevant to prices, you will see it on the chart. I just go with what the charts and prices are telling me to do. I don't need the news to tell me that prices are going up or down. I see it.

Also, I'm not trying to knock it for you, just commenting on how the news can mislead you many times. If the news works for you, by all means, use it.
 
Ditto, mccullek - I'm just a price action, technical trader by heart. There's nothing as solid as the price. I know a fundamentals trader that's always impressed by my returns as a technical trader (of course that's just one person).

To each his own, though!
 
Quote from The Trojan:

Very perceptive and clever, it seems the irony is not wasted on you.

You will need to work harder to become perspective and clever.

You were trying to be smart ass by chipping in with youy smart ass coment in something that doesn't concern you and you didn't don't know the context. But then i wouldn't expect anything less from somebody infected by Trojan viruses.

Hope you will get disinfected soon.

Goodluck.
 
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