5% - 10% profit per day trading

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Quote from wee man:

How come the markets took off?
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That would be the Friday afternoon weekend fear premium ... check last Friday's chart as well. No one wants to be short oil going into a weekend.

Best Wishes,

Ddaytrader
 
Quote from ddaytrader:

That would be the Friday afternoon weekend fear premium ... check last Friday's chart as well. No one wants to be short oil going into a weekend.

Best Wishes,

Ddaytrader
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well not exactly
that happens in the last half hour of nymex or sometimes also just before globex closing.

Take a look at the uptrend channel in 60 min. Currently we are the channel resistance
 
Quote from usman88:

I would love to see a steep steep decline back to 41
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you may be in luck mate.


this spike is now just looking absolutley ridiculous, and so it will fall.


im gna cash in between 44.26 and 43.86 though



Its heating oil that has caused tis rally, so if that now pullsback oils going down.

i dont mind holding over weekend, but would refer tthe cahs today. :)



Ive put a charts to show how ridiculously overdone and out of plave this spike is though... :)

(just wish i had got in abit higher)
 

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Quote from spanish89:

you may be in luck mate.


this spike is now just looking absolutley ridiculous, and so it will fall.


im gna cash in between 44.26 and 43.86 though



Its heating oil that has caused tis rally, so if that now pullsback oils going down.

i dont mind holding over weekend, but would refer tthe cahs today. :)



Ive put a charts to show how ridiculously overdone and out of plave this spike is though... :)

(just wish i had got in abit higher)
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you got the wrong idea....i aint short
I just want it to return to 41 so I can sell everything i have and go long in oil
 
Quote from usman88:

you got the wrong idea....i aint short
I just want it to return to 41 so I can sell everything i have and go long in oil
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oh... lol

you holding a short still?? :eek: :eek: :confused:


im holding my sells still, the tough thing is going to be holkding my nerve when it gets down to 44.26 and hoping the trend chasers then push it downto 43.86
 
Quote from blackjack666:

Stole about 30 pips there on a rare oil trade to add to the 137 pips made from the indicies/gbp/usd today :)

Have a good weekend all.
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If I understand it right, after a large and sudden move, when it starts fading you enter?

You seem to be quite skilled and profitable at it:)
 
lol no I am NOT short
Infact I never placed a single short trade today
all longs trades today and my target was acheived even before the market even opened
 
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