5% - 10% profit per day trading

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k i cancelled my target of 39.80 (would have been filled out at .86 so £144),

and instead took a loss of £14 after spread.



I dont mind that sorta loss as its less than 1/4 of my spread even,
but i am never ever ever doing any of that stupid trend chasing shit as it is just the the most stupid thing ive ever experienced doing!! :mad: :mad:



Gna wait for teh next big spike in either direction and then as it starts reversal il attack it hard
 
Quote from spanish89:

what are the bullish factors your going on mate??
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well for starters...bullish MACD divergence in 30 min chart
bullish MACD formation is 1 hour chart
High volume buying on upticks recently
Analysts suggesting we can see a violent upswing
Moreover I know (through myprevious experience about a year back when market was at its lows of $87) that it can move upwards anytime abd I dont wanna get caught in a sell.
 
Quote from usman88:

well for starters...bullish MACD divergence in 30 min chart
bullish MACD formation is 1 hour chart
High volume buying on upticks recently
Analysts suggesting we can see a violent upswing
Moreover I know (through myprevious experience about a year back when market was at its lows of $87) that it can move upwards anytime abd I dont wanna get caught in a sell.
More...


You think we are going to 'trend up'?? :eek: :eek: :confused:


I personally would be extremely shocked if we trended up in a line, since there are so soo many sellers who are trying to drag this demmand destruction thing into 2010 even..
So i would be very shocked to see them all step back and allow the market to start trending back up without slashing it back down at every oppotunity.

I think we will range between 30 and 48 for a good few months atleast.



Whats your stoploss though mate??


And how can you see the size going in from trades, for free??

Cos i know futuresbetting.com show you it from a chart, so im getting an account with them n gna use their chart for it,
but i have to post a copy of my passport for some reason to them 1st,
so wont have the account for atleast 1week. :(


Is there a free chart where you can get the size of trades going in??
 
Quote from spanish89:

You think we are going to 'trend up'?? :eek: :eek: :confused:


I personally would be extremely shocked if we trended up in a line, since there are so soo many sellers who are trying to drag this demmand destruction thing into 2010 even..
So i would be very shocked to see them all step back and allow the market to start trending back up without slashing it back down at every oppotunity.

I think we will range between 30 and 48 for a good few months atleast.



Whats your stoploss though mate??


And how can you see the size going in from trades, for free??

Cos i know futuresbetting.com show you it from a chart, so im getting an account with them n gna use their chart for it,
but i have to post a copy of my passport for some reason to them 1st,
so wont have the account for atleast 1week. :(


Is there a free chart where you can get the size of trades going in??
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There are no free live data services. You have to pay exchange fees and the fees for the service. Barchart.com do a package for about £50 a month with a NYMEX subscription.
 
i dont have a stop loss. My rule is not to have a stop loss on buy trades as long as crude is below $40(ok it wasnt below $40 at the time of my trade but still...)

I use marketpad. My father and cousins all trade and therefore i have access to alot of softwares...ninjatrader, strategyrunner, futuresource energy workstations etc etc

and no I am not talking about months...i hardly hold my trades overnight but I have a feeling we will touch $42 today
 
Good morning everyone!

Looks like we had dipped 3% last night and recovered. Now we have a cup an handle on the 5 min chart. :)

How is everybody trading this morning?
 
Quote from MJUK:

There are no free live data services. You have to pay exchange fees and the fees for the service. Barchart.com do a package for about £50 a month with a NYMEX subscription.
More...


:(

I just hope futuresbetting let you keepp an acocunt with no money in it.
 
I just went long 1 CL contract at 40.50

keeping 1$ stop

We are still in down trend which started on 1/4 but i think we will break out of the downward channel today, because we are due for a good up day
 
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