5% - 10% profit per day trading

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Quote from spanish89:

K i know that on occassion i have sounded like im trying to advertise Etx capital... :cool: lol

I have also said some bad stuff about them before.



But i just have to post here to really really commend how fair, responsive and decent they are being.. :)

I only emailed them at about 7pm asking if they could lower the crude oil monthly min stoplosses down from 100 t 40.

(Thought they may just ignore me, or at best may just write back saying that theythink 100s fair with volatility or fob me off by saying they would 'look into it' and then just delete my email) lol


But i checked my emails just now and they wrote back telling me that they will lower it to 40ticks from tomorrow!! :) :)
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maybe with a little persuasion you could convince them to lower your spread cost as well.
 
Last one I promise, but this was a small silver cycle in an uptrend. Count back from top to top, then count forward. Prices actually traded down into this reversal date, and then look what happened. These cycles are everywhere, but you have to watch the daily charts and know what to look for.
 

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Quote from InvestVision:

I feel I closed short bit early on RUssian news, waiting for short at 49.60 [/B]
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Aloha mate dont feel bad, i also am waiting for the time to sell, as thats gna be my big trade that bring in a good few thousand when the move does come... :)

(Knowing my luck il have to sell on friday night though and then just hope the russia/ukraine stuff is sorted over the weekend).


So far all the factors that have cuaed this huge spike in oil are still there though-

*Russia cutting gas (the main thing accounted for 80% the movement.

*The war 15% the move.

*The opec countries cutting, but that was priced in and everyone knew that they so much wnat price to rise so they wouldnt cheat. 5%



Theres meeting in russia on thursday and friday, but untill then the gas supply is just gna keep going down, and the gas n storage will get less everyday so causing more alarm and panic.



Tomorrow we just have to hope that the inventory number causes a spike in price, not market to fall.
 
Spanish89 thanks for taking my post into details ...

if you look at my post from the news link , the market expectation is US gov stock piles show increased stock piles.
the factor that take market to high is "only a very small or no change stock piles " just as far as stock piles are concerned , ofcourse all other factors Russia , middleeast conflict they have their own % up/down market factors based on those events ..

Quote from spanish89:

Aloha mate dont feel bad, i also am waiting for the time to sell, as thats gna be my big trade that bring in a good few thousand when the move does come... :)

(Knowing my luck il have to sell on friday night though and then just hope the russia/ukraine stuff is sorted over the weekend).


So far all the factors that have cuaed this huge spike in oil are still there though-

*Russia cutting gas (the main thing accounted for 80% the movement.

*The war 15% the move.

*The opec countries cutting, but that was priced in and everyone knew that they so much wnat price to rise so they wouldnt cheat. 5%



Theres meeting in russia on thursday and friday, but untill then the gas supply is just gna keep going down, and the gas n storage will get less everyday so causing more alarm and panic.



Tomorrow we just have to hope that the inventory number causes a spike in price, not market to fall.
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Quote from mccullek:

Last one I promise, but this was a small silver cycle in an uptrend. Count back from top to top, then count forward. Prices actually traded down into this reversal date, and then look what happened. These cycles are everywhere, but you have to watch the daily charts and know what to look for.
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You got me interested in this. I am going to get the "Unlocking Wealth (Secret to market timing)" book and see whats it all about. I always like learning new things.
 
mccullek, spanish,

when you talk of trends, moves etc, i dont think you are talking of two different things. its the same.

trends are generally identified with longer time frames and spanish uses the word moves for much smaller ones.

as long as there is a mechanism of identifying a trend/move, and having a disciplined trade plan, thats what matters, in my humble opinion.

works for me in forex and dont see why it should be different for crude or any instrument
 
I just ordered that book from Amazon, it better be good, cuz it cost me $43. :cool:


I am going to make another change to my trading rule: I'll start using the 50 moving avg on the hourly chart instead of the 5 min chart to detect the current trend and then use support and resistance on the 5 min chart to trade the moves.

The downside to this would be that I would only be trading one side of the market, either long or short, for an extended period of time, but this is worth it. I just analyzed the charts on 15 different markets and see that this strategy yields fewer but more reliable moves. It might also help me control my tendency to over-trade. :D

I'll trade like this for the rest of the month and see how it turns out.
 
Israel to briefly halt Gaza ops to allow aid

http://news.yahoo.com/s/ap/20090107/ap_on_re_mi_ea/ml_israel_palestinians

JERUSALEM (AP) — Israel's top leaders are meeting to discuss whether to accept a cease-fire plan or expand their military offensive in Gaza.

The meeting of Israel's security Cabinet comes a day after France and Egypt sketched a proposal to stop the fighting. The initiative was spurred on by an Israeli mortar strike near a United Nations school the U.N. says killed 40 Palestinians.

1) The U.S. has endorsed the proposal. Israel has yet to give its response.

2) Israeli officials, speaking on condition of anonymity because no decision has been made, say Prime Minister Ehud Olmert and his top ministers will consider the proposal Wednesday or whether to press ahead with the 12-day operation meant to stop rocket fire into Israel.
 
International Mideast envoy Tony Blair said Tuesday the key to any cease-fire will be an arrangement to stop weapons smuggling over the Gaza-Egypt border.


http://news.yahoo.com/s/ap/20090107/ap_on_re_mi_ea/ml_israel_palestinians

1) Egyptian President Hosni Mubarak said the initiative calls for an immediate cease-fire by Israel and Palestinian factions for a limited period to allow humanitarian aid into Gaza and an urgent meeting of Israel and the Palestinian side on arrangements to prevent any repetition of military action and to deal with the causes.

2) International Mideast envoy Tony Blair said Tuesday the key to any cease-fire will be an arrangement to stop weapons smuggling over the Gaza-Egypt border.

French President Nicolas Sarkozy said Tuesday he saw the proposal as a "small hope" for ending the Gaza violence.

3) Israeli officials have said any cease-fire agreement must prevent further rocket attacks by Gaza militants and put in place measures to prevent the smuggling of missile and other weapons into the small Palestinian territory.

4)Hamas has demanded that Israel open Gaza's blockaded crossings as part of any agreement.

Quote from InvestVision:

Israel to briefly halt Gaza ops to allow aid

http://news.yahoo.com/s/ap/20090107/ap_on_re_mi_ea/ml_israel_palestinians

JERUSALEM (AP) — Israel's top leaders are meeting to discuss whether to accept a cease-fire plan or expand their military offensive in Gaza.

The meeting of Israel's security Cabinet comes a day after France and Egypt sketched a proposal to stop the fighting. The initiative was spurred on by an Israeli mortar strike near a United Nations school the U.N. says killed 40 Palestinians.

1) The U.S. has endorsed the proposal. Israel has yet to give its response.

2) Israeli officials, speaking on condition of anonymity because no decision has been made, say Prime Minister Ehud Olmert and his top ministers will consider the proposal Wednesday or whether to press ahead with the 12-day operation meant to stop rocket fire into Israel.
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Oil dips as traders weigh demand signs, Gaza clash

http://finance.yahoo.com/news/Oil-dips-as-traders-weigh-apf-13987134.html

1) Oil prices have risen 43 percent since reaching a five-year low of $33.87 a barrel on Dec. 19 on investor concern that the conflict between Israel and Hamas in Gaza could spread to the rest of oil-rich Middle East and affect supplies.

2) The 11-day Israeli air and ground offensive, which has killed about 600 people, has probably added about $10 to the price of oil, said Mark Pervan, senior commodity strategist with ANZ Bank in Melbourne.

"The recent gains have been due to a one-off issue in the Middle East," Pervan said. "Once that calms down, the market could be in for a correction back toward $40."



3) Oil traders often look to stock markets as a barometer of investor sentiment about the economy.

"Consistent negative economic data over the coming weeks from the U.S. and elsewhere will likely be enough to water down this positive mood in the market right now," said Pervan, who expects oil to average about $40 a barrel this year.


4) Investors are also anticipating the weekly oil inventories report to be released Wednesday by the U.S. Energy Department's Energy Information Administration for signs of slowing U.S. crude demand.

The report is expected to show that oil stocks rose 1.5 million barrels last week, according to the average of estimates in a survey of analysts by Platts, the energy information arm of McGraw-Hill Cos.

The Platts survey also projects that gasoline inventories rose 1.6 million barrels and distillates jumped 700,000 barrels last week.
 
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