5% - 10% profit per day trading

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Quote from wee man:

Spannish:

Did you apply for that loan?
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yh they say they have loans for you of £16,000, but you have to pay £50 admin fee upfront and i dont like that as it seems dodgy.
 
Quote from spanish89:

yh they say they have loans for you of £16,000, but you have to pay £50 admin fee upfront and i dont like that as it seems dodgy.
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Standard for 'that' sort of company. I temped as a junior at a subprime lender before - real eye opener.
 
they prob will just take my £50 and then say they will look for a loan for me an dthen say tehy cant find 1 but cant return fee.


Hopefully this market will start focusing on all those 80million barrels of oil floating around and the cushin overflows of oil and lack of demmand for it...

and that will bring this march contract back under 40 with me on it.. :)


I just need to get through till 7.30 pm with it not going near 45
 
Guys, don't open up any new shorts today. If you are already in a short position, look for a good exit point and start looking for long entries.

If we close above 41.53 (50 hour moving avg) today, or better yet, close above 42.66 (yesterdays high), we have cleared two major trend reversals and will form an upwards channel and will most likely rally for the next few days.
 
im holding my short for 41.62

as i just dont believe that all this demmand destruction and over supply of oil is going to allow it to just float up.


theres just no logical reason why it would.



I just need 80ticks more and im out and done for the day. :)
 
we have made anothe fucking triangle formation though, which is the formation i hate the most as its impossible to trade if your not already in it,
and if you are in it and cant set a tight stoploss you just have to say your prayers until it breaks out in 1direction.
 
I am sitting here watching the inauguration, can't believe how everyone is so happy. The country is almost bankrupt and these guys think Obama can somehow save them. :D
 
Quote from spanish89:

we have made anothe fucking triangle formation though, which is the formation i hate the most as its impossible to trade if your not already in it,
and if you are in it and cant set a tight stoploss you just have to say your prayers until it breaks out in 1direction.
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Good luck bro. I hope there is a pull back so you can turn a profit on your position. But be ready to jump ship quick if you need to
 
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