5% - 10% profit per day trading

[InvestVision]

http://www.msnbc.msn.com/id/12400801/

Analyst Olivier Jakob of energy analysis firm Petromatrix in Switzerland said that Ukraine has enough reserves to avoid an immediate risk to its supplies, as long as both parties find an agreement by the end of next week.

“If there is a disruption in natural gas supplies to Europe, then you will see an increase in the usage of oil instead of natural gas. It will have an impact on oil prices,” Jakob said.



The European Union depends on Russia for about a quarter of its gas, with some 80 percent of that delivered through pipelines controlled by Ukraine.

Quote from InvestVision:

Russia, Ukraine say gas dispute won't hurt Europe

http://biz.yahoo.com/ap/090101/eu_russia_ukraine_gas.html

The cutoff was being closely watched in the European Union, which depends on Russia for about a quarter of its gas -- with some 80 percent of that delivered through pipelines controlled by Ukraine.

"I believe we are close to accepting a compromise solution," Ukrainian President Viktor Yushchenko said in a statement Thursday. He said he expected talks to resume in the next day or two and to be concluded by Orthodox Christmas on Jan. 7.

"The EU trusts that we can count upon assurances given that gas supplies to the EU will be unaffected," he said.

Gazprom had demanded Ukraine paid off all of a $2.1 billion debt and sign a deal setting prices for 2009 deliveries by midnight Wednesday. Neither was done.

The Ukrainian gas company Naftogaz said it covered the debt when it transferred $1.5 billion on Tuesday. Gazprom, however, claims Ukraine owes $600 million more in fines.

Stickier issues are how much Ukraine will pay for natural gas in 2009 and if Russia will pay more to use Ukraine's pipelines.

After first insisting that Ukraine pay $418 per 1,000 cubic meters of gas in 2009, more than double the $179.50 it paid the previous year, Gazprom offered a contract Wednesday with gas set at $250.

Ukrainian officials countered early Thursday with an offer to pay $201 if Russia agreed to raise the price it pays to use Ukraine's pipelines from $1.70 to $2 per 1,000 cubic meters per 100 kilometers.

Later Thursday, Naftogaz director Oleh Dubina said Ukraine was willing to pay $235, with a transit fee of $1.80.

But Gazprom CEO Alexei Miller then issued a statement saying since Ukraine had rejected the $250 offer, it would be charged the current European price of $418.

The price most West European countries pay, however, is set to fall sharply in the spring as a result of the steep drop in the price of oil.

Volodymyr Soprykin, energy analyst with the Razumkov center in Kiev, predicted the dispute would be solved in the coming days.

He said Ukraine was forced to rely on its reserves, which were running out, while Russia would eventually have too much gas in its pipelines and would have to shut down or put its gas exploration wells on standby, a technically complicated and costly ordeal.

"Gas wars are highly bad for both sides, a compromise will be found," Soprykin said.

 

[spanish89]

im happy to hold it over weekend if i need to even since-

News wise the bad news that pushes oil higher is now out there.

*Russia cut gas to ukraine, but now saying they increasing to rest of europe.

= the gas has already been cut to ukraine so thats now been over priced in.
So the next move will either we an agreement to restart gas, and so gas falls and takes oil lower.

*War in middleast old news now, worst case israel invade with troops, could happen,
but more likely eu will try getting ceasefire doen over weekend.



And for technical analysis-

*Market has gone from $36 to $46 in 2days straight line.

That when uptil last week everyone was saying oils going under $30, not back up over $50.

So $10 spike move (about 23% rise) in vertcial line is extremely unlikely to just have market keep rising from that instead of pulling back down.



And intraday even its gone from the low 41s to the low 46s in a straight move.

SO thats $5s up, i just need under $2s down now.

 

[coolshades]

Quote from spanish89:

im happy to hold it over weekend if i need to even since-

News wise the bad news that pushes oil higher is now out there.

*Russia cut gas to ukraine, but now saying they increasing to rest of europe.

= the gas has already been cut to ukraine so thats now been over priced in.
So the next move will either we an agreement to restart gas, and so gas falls and takes oil lower.

*War in middleast old news now, worst case israel invade with troops, could happen,
but more likely eu will try getting ceasefire doen over weekend.



And for technical analysis-

*Market has gone from $36 to $46 in 2days straight line.

That when uptil last week everyone was saying oils going under $30, not back up over $50.

So $10 spike move (about 23% rise) in vertcial line is extremely unlikely to just have market keep rising from that instead of pulling back down.



And intraday even its gone from the low 41s to the low 46s in a straight move.

SO thats $5s up, i just need under $2s down now.

curious. does this mean you dont have stop losses?

 

[S2Trader]

Hello All, and a Happy New Year to everyone,

Just like to say, thanks to Spanish89 for starting this thread, been reading it over the last few weeks and managed to get through nearly ever post, very beneficial and addictive I guess all the dissers and haters have ran off...

Also thanks to Candles, Proph, Blackjack666, Trader_Dante and everyone else i have missed, sorry...

Im looking into trading Oil again after i was doing ok with demo and went live with £1000 in Feb 08, and guess what... I blew it all in 3 weeks. Been demoing again for abit along with afew other markets i trade.

Im looking to open an account with a broker to trade live with... Spanish89 uses ETXCapital, and most here including Blackjack666 use AbnAmro - Marketindex. I like then both but dont know which 1 i should go with... AbnAmro i like, part of RBS now but reviews over at FPA - Forex peace army website for ABNamro are horrifying which made me think twice... Problems included freezing platforms, spikes etc.. all listed on FPA.

Anyone using ABNamro marketindex have any problems? Just like some info before i go and deposit with them.
Blackjack666, youre using ABNamro marketindex and you have done really great in your account - did you have any problems with the platform,,
Spanish89 - How is ETXCapital? any major problems with them?
I was with IG Index previously but havent used then for awhile now.

Any info wold be appreciated and helpful..

Thanks
S2

 

[xty]

nice performance.........is all this mechanical or purely intuitive............

do u have any advice on timing....i.e what time of the day is best to trade ?

 

[blackjack666]

s2trader.
If you had have asked me a while ago I would have said that they are brilliant, but they have been getting a bit bad recently on various things.

Disconections that last quite a long time sometimes. Data feeds coming and going and they've had some crazy atics over the christmas period. For example I had a limit in to buy gbp/usd. They then closed for the christmas period but still had the charts moving, and even though the actual market hit my limit to get long i was never filled and missed out on nearly £2000 profit!

Having said that, there fills are pretty much instant and i like their charts and some other things.

I suggest you demo all the platforms that you are interested in and make up your own mind though.

 

[S2Trader]

Quote from blackjack666:

s2trader.
If you had have asked me a while ago I would have said that they are brilliant, but they have been getting a bit bad recently on various things.

Disconections that last quite a long time sometimes. Data feeds coming and going and they've had some crazy atics over the christmas period. For example I had a limit in to buy gbp/usd. They then closed for the christmas period but still had the charts moving, and even though the actual market hit my limit to get long i was never filled and missed out on nearly £2000 profit!

Having said that, there fills are pretty much instant and i like their charts and some other things.

I suggest you demo all the platforms that you are interested in and make up your own mind though.

Thanks Blackjack666 for the reply,
I am testing them as we speak, if they get any worse then its time to move to another broker...
Let us know if you change brokers...

Thanks man and keep the profits rolling in..

S2

 

[MJUK]

I use Interactive brokers as my main broker and IGIndex as my spread betting firm. Both the best and most cost effective in their field.

 

[S2Trader]

Quote from MJUK:

I use Interactive brokers as my main broker and IGIndex as my spread betting firm. Both the best and most cost effective in their field.

Thankyou, Im also looking to open an account with IB in the next few months and see how they go, seem to be one of the best direct brokers ot there.

I have an accont with IG index, nice platform and charts, but havent really got into trading with them yet, only small amounts to test the platform and execution, may give them a try, but again mixed reviews about IG index elsewhere...

Regards
S2

 

[MJUK]

My 30-year Bond short is working like a charm.

Up nearly £6k now after taking a maximum risk of £600.

I Have stop losses in about £750 above the current price to participate in any further downside when most traders return to their desks on Monday.

I think one of two things will happen. Either there will be a rush to the exit and we could see bonds fall to as low as 128'000 which would give me another 10k profit. Or the FED will buy an ass load of bonds and drive the price back up and I'll be stopped out.

Either way a good start to the year.