5% - 10% profit per day trading

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Quote from coolshades:

i did!

my demo account is 6.5% up in two weeks now.no trades today for me. barely any movement.

Barely any movement!! LOL

Mate, we're going to try for $35 today which is another fall of over 10%!!
 
Quote from Trader_Dante:

Barely any movement!! LOL

Mate, we're going to try for $35 today which is another fall of over 10%!!

wasnt when i traded. had a look at the charts just the now. wont be taking any trades even if they are demo.

by the way, if price keeps falling like this, dont futures become irrelevant?
 
Quote from coolshades:

wasnt when i traded. had a look at the charts just the now. wont be taking any trades even if they are demo.

by the way, if price keeps falling like this, dont futures become irrelevant?

You might want to think that one through.
 
Quote from Trader_Dante:

Barely any movement!! LOL

Mate, we're going to try for $35 today which is another fall of over 10%!!

The time in London is 22:06 and OIL is at 35.35

Leeeeedgeeeee Boooosssss
 
Quote from V8Media:

very nice end of day trade.

short oil @ 37.80
out @ 35.21

cool,

PS, Tx Trader Dante. :D

have a nice thursday everyone.

You're welcome.

I'd stay short. Next move will be a peek below $30. Not sure if we might get a brief move up before that but I wouldn't expect much more than a one to two dollar rally - if that! And if we are lucky enough to get that just sell it agressively.

I think we'll see it poke below $30 before 1st Jan.
 
Good call Dante!

I didn't trade today and it looks like I missed a pretty good shorting opportunity. Oh well, lets see how things pan out in 2009.

Merry Christmas to all!

*<|:-)
 
My cycle count indicates that today (Friday) could be the start of a new cycle to the upside in oil. It's not 100%, but I pay attention to the cycles when prices react to them, so be careful if you are short and don't be surprised to see a rebound, even if only temporarily. This could be a major cycle reversal though, so it could be a major bottom just as easily. Wait for price action to confirm, but just be aware of the cycles and the fact that this is a possible bottoming cycle.
 
porph, you know when abnamros sp500 open again? The dow is moving but not the sp500. I am long and should be making about £1000 (according to the dow move) but it ain't moving!! lol
 
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