5% - 10% profit per day trading

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I had a mixed day on oil. One short set-up and worked well for a £600 gain. I then shorted which eventually failed for a £230 loss.

I had a EURO/USD short trigger which worked well - up £750 so far.

Also had some more downside on my bond shorts which I eventually covered for another £1300. There was many more opportunities to increase my position but I was doing it at work and I kept having to hide my charts when someone walked in. Very annoying.

So total gain today £2280. Over £8k for the week so far.

I must not get carried away but my target was £20k for January and this is a promising start....
 
Nice one MJ. You done better than me.
Since my last post ive had a few small scalps and am stopping for the day now with a profit of +£1260 for the day
 
Quote from MJUK:

I had a mixed day on oil. One short set-up and worked well for a £600 gain. I then shorted which eventually failed for a £230 loss.

I had a EURO/USD short trigger which worked well - up £750 so far.

Also had some more downside on my bond shorts which I eventually covered for another £1300. There was many more opportunities to increase my position but I was doing it at work and I kept having to hide my charts when someone walked in. Very annoying.

So total gain today £2280. Over £8k for the week so far.

I must not get carried away but my target was £20k for January and this is a promising start....
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whats your exit for eurusd? it looks a good short on daily charts.
 
hey hey
guys do u reckon its wise to short sell the gbp/eur
or is it not going to go any further because on bloomberg they reported that it was unlikely to go down further? will the euro rise against the pound tomorrow against?

any predicitions on oil tomorrow guys

also today i was trading on ig and opened a position at 19.26 only to find that the final price settlement decided on brent crude was a great deal higher then the actual value of (49.17) at 19.30. meaning that instead of making a profit since i entered at 49.58 i made a loss of 120 as i was quote a much higher price

does anybody know why this is?

thanks :)
 
Quote from coolshades:

whats your exit for eurusd? it looks a good short on daily charts.
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I'll exit on a clear reversal at a significant level. My initial target was already reached and a stop is placed at that level.
 
I have never traded oil and don't have an account, but for the little it is worth, I think that we are looking at 51.40 tomorrow, followed by a test to 48.80 or so an then back up, to oscillate around 50 especially if the inventory numbers drop a little and don't show us quite up to our eyeballs in oil at Cushing.
 
Quote from truehawk:

I have never traded oil and don't have an account, but for the little it is worth, I think that we are looking at 51.40 tomorrow, followed by a test to 48.80 or so an then back up, to oscillate around 50 especially if the inventory numbers drop a little and don't show us quite up to our eyeballs in oil at Cushing.
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Are these guess numbers or do you have any technical chart numbers, input appreciated :-)
 
Quote from InvestVision:

Are these guess numbers or do you have any technical chart numbers, input appreciated :-)
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Don't mind me. I know nothing.

Not based on charts.

Oil price is not responding to weak demand, high inventory and lots of full tankers at sea by going down as usual so something else is driving.

The guess is that what is driving is fear of supply interruption and that is in the hands of Russia and Iran. So it is
based on some costs of production, inventories and budgets and a bit of linear programing about what can be charged without counterproductive demand destruction.
 
I took the loss at 49.06,
so an extremely painful loss again.


But nothing i havent before and cant come back from.



I am now going to stop all this floating around so much in trades though,
and going to wait right until every twat out there who chases the trend has squeezed out the spike to teh max before i start attacking it,
even if i miss out on money, im not gna just get my trade in at a high level and then just leave it for the market to rise and then fall,
just to know il then have my trade in.

As this market has gone mad.



$30s to $50 in 4days!! :eek:

Its risen over 50% in 4days that means.




I dont know where all the analysts who kept shouting demand destruction and it going under $25 have no gone to,
but the target everyone is now talking about is $55 t $60 by end of teh week!! :eek:



here are the key strong resistance levels- 50.86, 51.26, 51.68, 52.26, 53.62, and then 54.26 and 54.86
 
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