5% - 10% profit per day trading
- Thread starter spanish89
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ALoha TC (guy from msn) and everyone else.
Ive posted a few charts TC to show what the key levels will be today.
(I have a girl coming round just before lunctime though,
and so if i do any trading it will be near the close and would only be willing to get into an overnight hold if markets above and has spiked up steeply 50.86, when i would then have to get a sell in).
But il be on here though to cheer everyone else on and hopefull we can all celebrate slaughtering the market tomorrow..
But ok the key levels-
*On the upside theres gna be a rectangle with lost of choppiness on anything between 46.26 to 46.68, if it breaks up and past 46.89 its gna be foing a flagpole formation.
(Any trades going in between 46.26 and 46.89 in either direction would be risky cos the choppiness there).
*Next key level will be 47.26.
I know its not much higher than 46.89, but it is a strong reistance level (double line cross).
And if it holds oil under it then its gna be a head n shoulders formation have formed there.
(So if anyone sees market looking weak and struggling to rise there i would advise getting sells in around 47.26, but stoploss no higher than 47.39).
*Above that the next key level is 48.69.
So its a big gap up if 47.26 gives way.
(48.69 is the level i called yesterday morning that would very likely be key resistance, and it played out to being the high of the day before that fast crash down under 46).
So that means its 3x as key now, since its previous days high so where sellers stops will be, its a key level on 1hour chart with lines cross, and its even the key level on the monthly chart.
*If 48.69 gets taken out theres nothing to stop oil until 50.89
(So another big $2s gap up).
50.89 is another very strong key resistance level on the monthly chart though.
And on the downside the key levels are-
*44.62 (Strong key level).
*And then 43.86 which has alot of buying interest and bulky support built up underneath it now.
(Il post 2charts now to show the levels)
Goodluck everyone, i hope we all tear the market to threads today!
Ive posted a few charts TC to show what the key levels will be today.
(I have a girl coming round just before lunctime though,
and so if i do any trading it will be near the close and would only be willing to get into an overnight hold if markets above and has spiked up steeply 50.86, when i would then have to get a sell in).
But il be on here though to cheer everyone else on and hopefull we can all celebrate slaughtering the market tomorrow..
But ok the key levels-
*On the upside theres gna be a rectangle with lost of choppiness on anything between 46.26 to 46.68, if it breaks up and past 46.89 its gna be foing a flagpole formation.
(Any trades going in between 46.26 and 46.89 in either direction would be risky cos the choppiness there).
*Next key level will be 47.26.
I know its not much higher than 46.89, but it is a strong reistance level (double line cross).
And if it holds oil under it then its gna be a head n shoulders formation have formed there.
(So if anyone sees market looking weak and struggling to rise there i would advise getting sells in around 47.26, but stoploss no higher than 47.39).
*Above that the next key level is 48.69.
So its a big gap up if 47.26 gives way.
(48.69 is the level i called yesterday morning that would very likely be key resistance, and it played out to being the high of the day before that fast crash down under 46).
So that means its 3x as key now, since its previous days high so where sellers stops will be, its a key level on 1hour chart with lines cross, and its even the key level on the monthly chart.
*If 48.69 gets taken out theres nothing to stop oil until 50.89
(So another big $2s gap up).
50.89 is another very strong key resistance level on the monthly chart though.
And on the downside the key levels are-
*44.62 (Strong key level).
*And then 43.86 which has alot of buying interest and bulky support built up underneath it now.
(Il post 2charts now to show the levels)
Goodluck everyone, i hope we all tear the market to threads today!
made 46 pips on a cable trade so far today, so up about £400. Its got further to drop but im looking to possibly re-enter on any bounce.
As soon as i closed my short we bounced about 80 points
giving me a chance to reshort as mentioned. Shorted it again and took another 40 pips and that's me done for a few hours.Up £900 so far today.
a very nice call yesterday spanish
I got carried away due to my longs and stopped thinking objectively however the good thing is that I exited those trades in a good profit at 4740.
Anyways I am again long at 4520 and I think that the current rate (4500) is the best place to buy. My short term target is 4720 and long term is 4895 and +.
The market has formed a rounded bottom as many graphs have earlier shown. This thing is going up and there is no doubt about it. We may see a few dips along the way but they are NOT the points to sell. Currently the rule is to buy on dips.
I have set up a new account just for long term trades where I ve bought and would look to exit around $55 mark
I got carried away due to my longs and stopped thinking objectively however the good thing is that I exited those trades in a good profit at 4740.
Anyways I am again long at 4520 and I think that the current rate (4500) is the best place to buy. My short term target is 4720 and long term is 4895 and +.
The market has formed a rounded bottom as many graphs have earlier shown. This thing is going up and there is no doubt about it. We may see a few dips along the way but they are NOT the points to sell. Currently the rule is to buy on dips.
I have set up a new account just for long term trades where I ve bought and would look to exit around $55 mark
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