5% - 10% profit per day trading

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Quote from usman88:

My rule is

"After inventory related fall starts consolidating, look for buy oppurtunities rather than sell"

By consolidation I mean market stays within a range for good 20-30 minutes. Normally at this point I would already have bought with a tight stoploss but as my targets are met, I am just watching
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last time we hadnthat 6million it dd about 4consolidations though,
but then fell 60 t 80ticks trhough each, even after a good 5 t 10mins pause.

(i did buy them all though and made quick money from their pullbacks so im not gna complain about then)


But after taking 20ticks each time that time and seeing $1s falls go by i didnt want to make tat mistake this time... :(
 
i think this does confirm oil's bottom is in atleast. :)

So gna focus more on buying from now.

(although knowing my luck there will be 1 last crash down just as soon as i get in long!) :mad: :mad:



But this definitely does make it look extremely likely that we have the bottom on now.
 
pheww...I just found that my department isn't impacted by the layoffs, though other teams in our division are cutting back staff. I came to work this morning ready to pack up my stuff and leave if asked LOL

I still need to improve trading ASAP so I don’t have to deal with this bs in the future

How did everyone do today?

Spanish, I see that oil had tanked, hope you made good on your short.

I'll be back later tonight catching up on posts.
 
Quote from usman88:

next target if resistance is broken
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we just shot past the resistance so its completely bullish now
a confirmation is uptrending channel in 60 min chart(cant post pic coz numerous lines of shorter time frames crowding pu the workspace)

target 4350
 
Quote from usman88:

we just shot past the resistance so its completely bullish now
a confirmation is uptrending channel in 60 min chart(cant post pic coz numerous lines of shorter time frames crowding pu the workspace)

target 4350
More...

we just entered the 'rectangle'
exit anywhere here :)

btw I am amazed how the mkt exactly followed my pointing arrow
 

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i had dumped my short at 40.90 :)


i just sold now at 43.46, target is 42.56 :)


since gasolien n heating oil and stuff are down, this rally is $3s straightup,
and so the asians will extremely likey sell because that 6million crude build.


chart......
 
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