5% - 10% profit per day trading

[usman88]

internet to whole pakistan got cut off about an hour back....luckily I was square before.....
made some money rolling b/w 3960 and 4000.....was quite easy....

 

[spanish89]

I took the loss of of 85ticks.
Cos of such sloppy trading and impatience today i have worked so soo hard all week and yet ended the week having earnt nothing!! :'(


I just hope next week we get some decent movements so i can start earning something, and dont have more days like this when its simply 1 ultra slow elongated movement all day..

 

[InvestVision]

Quote from spanish89:

I took the loss of of 85ticks.
Cos of such sloppy trading and impatience today i have worked so soo hard all week and yet ended the week having earnt nothing!! :'(


I just hope next week we get some decent movements so i can start earning something, and dont have more days like this when its simply 1 ultra slow elongated movement all day..

i had very good day today , still recovering the Russian gas news spike in oil we all closed our shorts early . but today gave me the boost back .

hard to see @spanish leader of the thread down . wishing you best next week.

 

[lemeeeplay]

closed my long @ 40.875 with $412 profit.

I am done for the day.

 

[blackjack666]

I know you'll make a ton of money next week spanish. I didn't do well last week myself, but this week ive had one of my best weeks since I started and im up about 7.7k Might post a screenshot over the weekend but im going out now.

Have a good weekend traders!

 

[porph]

Quote from blackjack666:

I know you'll make a ton of money next week spanish. I didn't do well last week myself, but this week ive had one of my best weeks since I started and im up about 7.7k Might post a screenshot over the weekend but im going out now.

Have a good weekend traders!

- btw this was the brief response to my email:

'thanks for the information. The spike in the trial-account was not a actual market movement. This false movement was only in the trial account and not in the live-account. '

Bloody good job it was only in my demo account. I might put the screen shot up, its quite funny.

 

[spanish89]

GRRRRRRRRR!!!!!!!!!!!!!!

I am no so sooo angry about takjing so much safety!!!!!


i had set target at cashing in if market hit 40.92

if id left trade for that id have taken just ove rbeak even on that trade, about 100 profit.

But would have ended teh week up £1,197!!



but i again was cautious, and again it has cost me over £1,000 :'(

 

[spanish89]

Quote from InvestVision:

i had very good day today , still recovering the Russian gas news spike in oil we all closed our shorts early . but today gave me the boost back .

hard to see @spanish leader of the thread down . wishing you best next week.

im really glad to see you ahd a good day mate...

and thanks.. :/


I know that on todays trading i didnt deserve to make any money, as i was too impatient, and so i went into trades way too early when i had called the actually good entry levels at the 'actual good levesl to enter'.


But looking at screen for 25mins trying todecide whether to take the loss or hold out for 40.92, after that crash form 50 i just 2days....

taking the loss of all teh weeks profit, and then having that target hit 1hour later...

it just relaly relaly hurts

 

[lemeeeplay]

Quote from spanish89:

im really glad to see you ahd a good day mate...

and thanks.. :/


I know that on todays trading i didnt deserve to make any money, as i was too impatient, and so i went into trades way too early when i had called the actually good entry levels at the 'actual good levesl to enter'.


But looking at screen for 25mins trying todecide whether to take the loss or hold out for 40.92, after that crash form 50 i just 2days....

taking the loss of all teh weeks profit, and then having that target hit 1hour later...

it just relaly relaly hurts

Bro, don't beat yourself up. I just went back and looked my charts and realized how lucky I was to get out of that last trade with a profit. As matter a fact, all of my long trades were losers today except that last one, because the pressure was on the selling side today. Looks like 10 min after I exited, the market had tanked. Just goes to show that today was seller's market.

Have a good weekend, party and get drunk, because you can always make money next week

 

[truehawk]

The rights to the offshore gas field are respectively British Gas (60 percent); Consolidated Contractors (CCC) (30 percent); and the Investment Fund of the Palestinian Authority (10 percent). (Haaretz, October 21, 2007).

The PA-BG-CCC agreement includes field development and the construction of a gas pipeline.(Middle East Economic Digest, Jan 5, 2001).

The BG licence covers the entire Gazan offshore marine area, which is contiguous to several Israeli offshore gas facilities. (See Map below). It should be noted that 60 percent of the gas reserves along the Gaza-Israel coastline belong to Palestine.

The BG Group drilled two wells in 2000: Gaza Marine-1 and Gaza Marine-2. Reserves are estimated by British Gas to be of the order of 1.4 trillion cubic feet, valued at approximately 4 billion dollars. These are the figures made public by British Gas. The size of Palestine's gas reserves could be much larger.


Click to enlarge

Map 1

Map 2

Who Owns the Gas Fields

The issue of sovereignty over Gaza's gas fields is crucial. From a legal standpoint, the gas reserves belong to Palestine.

The death of Yasser Arafat, the election of the Hamas government and the ruin of the Palestinian Authority have enabled Israel to establish de facto control over Gaza's offshore gas reserves.

British Gas (BG Group) has been dealing with the Tel Aviv government. In turn, the Hamas government has been bypassed in regards to exploration and development rights over the gas fields.

The election of Prime Minister Ariel Sharon in 2001 was a major turning point. Palestine's sovereignty over the offshore gas fields was challenged in the Israeli Supreme Court. Sharon stated unequivocally that "Israel would never buy gas from Palestine" intimating that Gaza's offshore gas reserves belong to Israel.

In 2003, Ariel Sharon, vetoed an initial deal, which would allow British Gas to supply Israel with natural gas from Gaza's offshore wells. (The Independent, August 19, 2003)

The election victory of Hamas in 2006 was conducive to the demise of the Palestinian Authority, which became confined to the West Bank, under the proxy regime of Mahmoud Abbas.

In 2006, British Gas "was close to signing a deal to pump the gas to Egypt." (Times, May, 23, 2007). According to reports, British Prime Minister Tony Blair intervened on behalf of Israel with a view to shunting the agreement with Egypt.

The following year, in May 2007, the Israeli Cabinet approved a proposal by Prime Minister Ehud Olmert "to buy gas from the Palestinian Authority." The proposed contract was for $4 billion, with profits of the order of $2 billion of which one billion was to go the Palestinians.

Tel Aviv, however, had no intention on sharing the revenues with Palestine. An Israeli team of negotiators was set up by the Israeli Cabinet to thrash out a deal with the BG Group, bypassing both the Hamas government and the Palestinian Authority:

"Israeli defence authorities want the Palestinians to be paid in goods and services and insist that no money go to the Hamas-controlled Government." (Ibid, emphasis added)

The objective was essentially to nullify the contract signed in 1999 between the BG Group and the Palestinian Authority under Yasser Arafat.

Under the proposed 2007 agreement with BG, Palestinian gas from Gaza's offshore wells was to be channeled by an undersea pipeline to the Israeli seaport of Ashkelon, thereby transferring control over the sale of the natural gas to Israel.

The deal fell through. The negotiations were suspended:

"Mossad Chief Meir Dagan opposed the transaction on security grounds, that the proceeds would fund terror". (Member of Knesset Gilad Erdan, Address to the Knesset on "The Intention of Deputy Prime Minister Ehud Olmert to Purchase Gas from the Palestinians When Payment Will Serve Hamas," March 1, 2006, quoted in Lt. Gen. (ret.) Moshe Yaalon, Does the Prospective Purchase of British Gas from Gaza's Coastal Waters Threaten Israel's National Security? Jerusalem Center for Public Affairs, October 2007)

Israel's intent was to foreclose the possibility that royalties be paid to the Palestinians. In December 2007, The BG Group withdrew from the negotiations with Israel and in January 2008 they closed their office in Israel.( BG website).

Invasion Plan on The Drawing Board

The invasion plan of the Gaza Strip under "Operation Cast Lead" was set in motion in June 2008, according to Israeli military sources:

"Sources in the defense establishment said Defense Minister Ehud Barak instructed the Israel Defense Forces to prepare for the operation over six months ago [June or before June] , even as Israel was beginning to negotiate a ceasefire agreement with Hamas."(Barak Ravid, Operation "Cast Lead": Israeli Air Force strike followed months of planning, Haaretz, December 27, 2008)

That very same month, the Israeli authorities contacted British Gas, with a view to resuming crucial negotiations pertaining to the purchase of Gaza's natural gas:

"Both Ministry of Finance director general Yarom Ariav and Ministry of National Infrastructures director general Hezi Kugler agreed to inform BG of Israel's wish to renew the talks.

The sources added that BG has not yet officially responded to Israel's request, but that company executives would probably come to Israel in a few weeks to hold talks with government officials." (Globes online- Israel's Business Arena, June 23, 2008)

The decision to speed up negotiations with British Gas (BG Group) coincided, chronologically, with the planning of the invasion of Gaza initiated in June. It would appear that Israel was anxious to reach an agreement with the BG Group prior to the invasion, which was already in an advanced planning stage.

Moreover, these negotiations with British Gas were conducted by the Ehud Olmert government with the knowledge that a military invasion was on the drawing board and that a new political-territorial arrangement for Gaza strip was being contemplated by Israel.

In fact, negotiations between British Gas and Israeli officials were ongoing in October 2008, 2-3 months prior to the commencement of the bombings on December 27th.

In November 2008, the Israeli Ministry of Finance and the Ministry of National Infrastructures instructed Israel Electric Corporation (IEC) to enter into negotiations with British Gas, on the purchase of natural gas from the BG's offshore concession in Gaza. (Globes, November 13, 2008)

"Ministry of Finance director general Yarom Ariav and Ministry of National Infrastructures director general Hezi Kugler wrote to IEC CEO Amos Lasker recently, informing him of the government's decision to allow negotiations to go forward, in line with the framework proposal it approved earlier this year.

The IEC board, headed by chairman Moti Friedman, approved the principles of the framework proposal a few weeks ago. The talks with BG Group will begin once the board approves the exemption from a tender." (Globes Nov. 13, 2008)

http://www.scoop.co.nz/stories/HL0901/S00101.htm

Looks like Iz is not going to stop until they have the gas back.