5% - 10% profit per day trading

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Quote from V8Media:

I believe this IS NOT THE TIME to short oil. Too dangerous in my humble Opinion...

I've been having a wonderful time buying oil after every sharp drop.

Around 60 ticks profit per trade. So far this week I m up 500 ticks at 3 pounds per tick!

I've applied the same method in every trade this week. Buying after a sharp drop and selling after 1 to 2 minutes for anything between 40 and 80 ticks profit.

Not a single short on oil this week.

Anyway, these are just my useless 2 pennies...
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agree.. for the time being atleast oil is going up. i made another big mac worth of money in 5 mins as i went long 49.75.

at this rate, i will corner the big mac consumption market. next week onwards i will increase my risk.
 
oil is seriously struggling to rise over $50 now.

im not sure why,
but i guess there must just be alot of lack of interest in buying above $50 as everyone knows this rally is gna crash and so no-one wants to buy yet as they know they can get much better price in a few days. :)


No-lead gas smashes session highs again and yet oil seriously struggled.


Its likely to retest 49.26, but could liely rise then back up.
 
Btw ive added uptrend lines onto my chart now... :)

since its been trending up


And ive attaced chart so everyone can see teh keye levels that you need to watch.

(The key levels are where and when the market touches the lines)
 

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K its now in a tight range.

if it breaks above 50.26 itl breakout upwards as it takes out stoplosses.


breaks below 49.66 it should re-test 49.26
 
if you have a very small spread or use a broker you could be making LOADS, by just buying at 49.86 stoploss at .79, cashing in at .26, and then selling from .26 with stoploss at .35 and just been doing that for last 2hours.. hehe
 
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