5% - 10% profit per day trading

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wow this crude stock pile of 6.7 mil vs. expected 1.2 mil tells us about this big DROP

Crude for February delivery moved down $3.31, or 6.8%, to stand at $45.27

- U.S. crude stockpiles gained 6.7 million barrels to 325.4 million in the week ended Jan. 2, the U.S. Energy Information Administration reported Wednesday.
Analysts surveyed by energy information provider Platts had expected a buildup of 1.5 million barrels.

- Gasoline inventories rose by 3.3 million barrels in the latest week, while distillate stocks rose by 1.8 million barrels, the EIA reported.

- Total petroleum products supplied over the last four-week period averaged 20.1 million barrels a day, down by 2.9% compared to the same period last year.

- U.S. refineries operated at 84.6% of their capacity last week, up from last week's 82.5%.
 
:( :(


This has been a very very shitty day for me.


Ive ended up about £800 profit, however i did use stoplosses to lock in proffit, and as 1st move down crahsed i saw an open £600+ profit go down to just £280 profit when stopped out. :(


And then that £9 buy from 45.07 average, i was offered £300 after srpead at best, but i turned it down as my target saw it breaking through and going 40ticks higher (so £600 roughly after spread)

but market couldnt make it and it went down to my just over break even stoplosses so lost £24 instead of £300 :(



At just over £800 profit for the day now, but have lost money for no reason this week by taking those big losses on my trades, and then this happens and insetad of £3000+ profit i endup basically breakeven overall. :(
 
joined you boys with the oil today! First time in a good few weeks. Had a VERY good day. Thinking of raising my yearly target for 2009, lol.

Annoying that ABN dont quote the same oil as you guys trade though, but it appears to be moving exactly the same, and the price is nearly identical.
 
welldone blackjack.. ;)


Next level i want before id buy is 44.16 t 43.86

and i DONT want to hold this overnight though.



if i get a buy from there target will be 44.62


and to show how the lines have been playing out ive attached screenshot.


as you can see there is so sooo much support here at 44.62 as thats where so many lines cross, and thats why we have been down here for over 2hours now.
 

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target switched to .38 needed to be touched.


And im not sur ethey can actually say '% demmand this week is ...'.


its going to be interesting to see what the chinese do with oil overnight,
cos if they sell it down even more then thats great for us as itl be a huge steep crash so be can buy in at the lows for the rebound.

if they rise it back up cos of russia, well we get to just let it rise, and then double up on this elling trade once the russian gas stuff is sorted!! :D :p :cool:
 
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