5% - 10% profit per day trading

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Quote from gucci:

If you get to see the "opportunity" it will be already too late...
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lol nah i trade by using reversal formations and traidng off them.

i go for 60 t 90ticks per trade though, and dont like risk so dont tak trades where there is more than about 6% chance that i could endup being trapped without being bale to make profit.


so thats why i call decent trades, and lots did come good...

but i cant take most cos im too heavy with my size to manouver these though. :(
 
Quote from spanish89:

dont predict teh highs n lows mate.

i know whta the keye levels will be, so i just wait till it reachs tem n wiat for teh reversal..
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Isn't it the contradiction?
 
nah i know what the key levels will be as they are where it crosses the lines on my chart.

but i have no way of knowing which 1 would be the 1 that holds for te reversal, and which 1s are just temporary pauses for it. :)

So i watc reaction to all of them and then eneter my trade when i see the formation setup.


im all in no at average 42.69 after spread. :)
(so .75 market)


my target is 41.80 market, so will be filled out at 41.86
 
Quote from spanish89:

nah i know what the key levels will be as they are where it crosses the lines on my chart.

but i have no way of knowing which 1 would be the 1 that holds for te reversal, and which 1s are just temporary pauses for it. :)

So i watc reaction to all of them and then eneter my trade when i see the formation setup.


im all in no at average 42.69 after spread. :)
(so .75 market)


my target is 41.80 market, so will be filled out at 41.86
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Thanks spanish.:)
 
ALoha mate, you took teh trade?? :)

ia dded £2 sell at market 42.56 as i didnt want to risk it falling and me missing.

added other £4 at .86 market. :)



And ive put screenshot to show the formation i was waiting for all day...... :cool:



although its not down to 41.80 yet (lowest it touched was .32)

so im still in danger technically
 

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I'm playing around with Ninja trader now.

Does anyone know if it is possible to show the preceeding months using the previous (now expired) front month as opposed to the specific contract?
 
Quote from usman88:

whts ur stop loss?
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Since his trade was based upon the chart pattern he posted, then I presume his stop would have been one tick above the high (at that time) as that would invalidate the technical basis for the trade, right?
 
Aloha mate yh i moved my stop to just inside break even for the £4 trade, and that got stopped out.


but i added £6 sell as it started its fall from 43.26,
so holding average sell price of 42.92 currently.
 
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