5% - 10% profit per day trading

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Quote from spanish89:

Ive relooked at chart and im not gna trade today as the rice has risen straight from 35s t 39 in straight line, thats 10% move.

And so pullback is happening now.


But itd be extremely risky to sell now at such a low price, but risky to buy now when pric is likely to pull back slightly before rising.


I am only looking to buy now but i wont be buying at higher than between 36.86 t 37.39.


And my next target if i get that trade in will be 40.86 t 41.26




To show how the market reacted to the lines over the last week il attach chart.

(I havent added any new lines, these lines were all drawn on when oil was in the mid t high 40s, and you couldnt even see below 40 on the chart at that time!
But when the market did get that low this is how it reacted when touching the lines....)
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wnt long at 39.12 and sitting pretty with 200 points. i am into technical trading and am least fussed about wars, political climate etc..
 
Quote from coolshades:

wnt long at 39.12 and sitting pretty with 200 points. i am into technical trading and am least fussed about wars, political climate etc..
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Fantastic spike up to above $42. What a cracking place to get short. That should be the high until the New Year at least. Next move back to $38.
 
Quote from Trader_Dante:

Fantastic spike up to above $42. What a cracking place to get short. That should be the high until the New Year at least. Next move back to $38.
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that spike has created a pin bar on the hourly charts, if anyone follows that kind of pa. i will probably short oil below the low of the pin.

my funding my live account is taking such a long time that it looks like its only the new year that will see me trading real.
 
Quote from coolshades:

my funding my live account is taking such a long time that it looks like its only the new year that will see me trading real.
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I agree, I'm in the same boat. But i don't think i'll be trading till May. :( But good luck everyone, looks like it's going to be an interesting day.
 
Quote from Sstop2:

I agree, I'm in the same boat. But i don't think i'll be trading till May. :( But good luck everyone, looks like it's going to be an interesting day.
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I reckon that we might just get back below $35 before the New Year at this rate...let's see :)
 
I went short on Friday at 37.75 before knowing this middle east conflict

watching all crude price peak till 40 but did not cover keeping in faith in US market open to reduce some of this price hype .

I know I need to take loss here, wondering when ( around price) to close positions.

most price action is around 39 for some time .

Appreciate all your members input ..
 
Quote from InvestVision:

I went short on Friday at 37.75 before knowing this middle east conflict

watching all crude price peak till 40 but did not cover keeping in faith in US market open to reduce some of this price hype .

I know I need to take loss here, wondering when ( around price) to close positions.

most price action is around 39 for some time .

Appreciate all your members input ..
More...

closed all contracts with avg. price 38.60 what a great relief whoooof .................. :-)
 
Now all my shorts are closed , I need to foucus on some safe profits.

I had a 45 FEB CALL option bought for $1400 10 days ago .. I bought this call to use it as insurance to short for sudden price peaks.
I need use this one , waiting for any ridiculous high of 42 to short ( since I have above insurance )
 
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