5% - 10% profit per day trading

Status
Not open for further replies.
Nicely done mate.. :)


P.S I dont mean to sound arrogant or that i dont respect the market.
I do know that the market can do whatever it wants to do, and if im in a trade in the wrong direction at the time it does itl wi[[e me out and wont even give me a 2nd glance... lol

The reason i speak in such an agressive way about attacking the market is simply because my style of trading focused on 'attacking the market' and catching ticks when it pulls back.


But this is just 1 giant game that has loads of different ways it can be played sucessfully,
so lets not argue about it. :)




K some news that may be of interest for people to watch out for, especially on friday-


In terms of IEA commentary, IEA chief Tanaka said the agency may need to make a downward revision to its oil demand forecasts when it releases its monthly report on Friday due to the global economic slump.


Looking ahead to today’s DOE crude oil inventories data, consensus of analysts surveyed by Bloomberg currently stands at (vs. yesterday’s expectations at 1130 GMT):



· DOE Crude Oil Inventories: +2750K vs. +2250K (Tue)

· DOE Gasoline Inventories: +2000K vs. +1500K (Tue)

· DOE Distillate Inventory: +1000K vs. +1500K (Tue)

· DOE Refinery Utilization: -0.50% vs. -0.50% (Tue)



It is also worth noting the EU has said there is still no solution on Russian gas dispute and highlighted that Ukraine and Russia may no longer be reliable partners.


Sources: BBG, Reuters, AFP, Weather Derivatives, AccuWeather
 
K this market is only wanting to go don now,
and so the key levels to watch are- 37.26, 36.62, 35.86, 34.86, and then 34.26


Below that it wont show wher ethe lines cross on my chart untill the market goes down that low.


If we get over supply of the inventory number again today though it looks like we could go and test the low 34s.
 

Attachments

Quote from usman88:

now is the best time to buy @ 4410 and earn 40 cents
More...


oooh you trading next months contract. ;)


I personally would need to see how it reacts at 36.86, and then would want to buy between 36.62 and 36.26 for a quick bounce.


But trading so near inventory number is too risky for my liking.
 
im personally lookinga t 38.32 as a potential sell level to hold from as people sell into the inventory number...

but i dont liek to try guessing how the reaction to the nuber will be though
 
not following the feb contract anymore
as far as inventories are concerned they will come short :)
I wont trade on it but thats my gut feeling....lets see
 
oil looking weak again, a retest of yesterdays $36.83 in the next hour or so would be a nice entry...maybe wishful thinking though
 
Status
Not open for further replies.
Back
Top