5% - 10% profit per day trading

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Quote from usman88:

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
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Thanks mate.. :)

Im glad to see you made money for your longs though an ddidnt get caught out. :)



I hope the technical daily analysis i posted on here last night with the key levels to watch and the charts did help everyone avoid getting caughtout in the wrong direction or in mid range choppy levels.


I see we did go and test the 47.26 level, formed a head n shoulders there, and so if anyone did follow the call i gave explaining how to trade that occurence, by selling at .26 on the top of right shoulder, with stoploss at .39,
then hopefully you will have made over 150ticks+ profit if you held it out,
for just 13ticks risk. hehe :cool:


The market did form a head n shoulders on the larger timeframe too by not being able to break and hold above 47.26,
and so thats why it fell all the way down to 44.62m, wheres its floating at the moment.

(Like i said, 44.62 is a very very key level, but if it goes then 44.26 or 43.86 will need to hold to stop low or sub-40 again).



Ive attached chart to show how it did play out,
and how in the future others can identify what formations to watch for at these levels.

Ive also circled the areas where i said there would be choppiness 46.26 - 46.86, to show how risky it would have been to make a trade in either direction in those levels.
 

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we have a potential upside down head n shoulders he at 44.80 area.


ive set buy order to go off if market hist 44.66, tight 18 ticks stoploss, target will be 45.46
 
Quote from spanish89:

we have a potential upside down head n shoulders he at 44.80 area.


ive set buy order to go off if market hist 44.66, tight 18 ticks stoploss, target will be 45.46
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SIGH!!! :(


i got it right, 16seconds after i wrote on here it rockted 60ticks in 1second straight to 45.40!! :mad: :(

But it was 9ticks above where my order was set to be triggered, so i wasnt in on the move.
 
Grrr i feel extremely fucked off now!!! :mad: :mad:


Today i calle dteh moves so precisely,
the movements have been perfect for my style of traidng as they are fast and bouncy, dont trend for too far, but far enough for decent money and to get reversla jump backs.. :(


I havent been bale to send off the form for the housing benefit yet tough as i need to wiat till my bank statement arrives in post within next 5days cos i have to post that too.


and until i have that cash flowing into my bank and so i know my rent is covered i feel too scared to make more than £2 per tick trades unless market has really really over-extended..

But when it does that knowing my luck it will just become and breakout! :( :mad:
 
its looks like its doing a pendant (flagpole formation),
hich i hate as they are elongated and piss me off cos they are for trend chasers mainly!! :mad:


But the level to watch if you want to buy is 43.26


dangerous buying before that
 
Quote from spanish89:

not bad mate.

target??


im still gna wait for 43.26



im extremely prleased with the accuracy of my calls today though. :)
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Maybe I rushed a bit.

Maybe 44,20
 
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