5% - 10% profit per day trading

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I can't see anymore plays today.

Oil is at the bottom end of its Average range so a short is unattractive and going long against this steep downtrend is also not exciting.

I think we may drop to 42.20 area - rising trend line - before we see a reversal.
 
dow is rocketing up, nearly 200oints form the low.

oil is delayed, as it follws heating oil.

it only rose so much last 2days cos heating oil rose cos teh cold weather, and heating oil is slower to move tha gasoline thats alreeady on the move n been there for an hour.

i wnat out and so target is 44.86,
so i quick pop u to 44.62 level, jump u with a foolish trend chaser causing a spike, dump the trade there, and the let it do whatever it wasnts to do.


we did use 42.86 as the bott, as i did say theres alot of solid lumpy support down there from longterm buyers.



this made a traingle and its now time for it to break to the upside.

:)





and its api crude inventoreis today at 7.30 uk time.


i never did findout what api was.
 
Quote from spanish89:

grrr i hate this stupid sideways shit!!

its been hours now and dow movd so much but oil just wont budge!
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True 45+ looks hard today btw, hope it reach ther and upwards but looks weak at the moment imho.
 
GRRRRRRR fucking stuid market!!!!

when i sold at 45.86 2days ago everyone was then saying it was too cheap still and so kept buying and cuased it to rise!!


but now even at $43 everyone is now saying its too expensive!!!


i simply cant afford to take another loss and so im gna hold this trade till i either get stopped out and lose all my money,
or this goes back to the high 43s atleast!!


cos im fedup with this now
 
Quote from spanish89:

GRRRRRRR fucking stuid market!!!!

when i sold at 45.86 2days ago everyone was then saying it was too cheap still and so kept buying and cuased it to rise!!


but now even at $43 everyone is now saying its too expensive!!!


i simply cant afford to take another loss and so im gna hold this trade till i either get stopped out and lose all my money,
or this goes back to the high 43s atleast!!


cos im fedup with this now
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Min has touched now is 41.76 where is your stop?
 
Quote from Gul:

Min has touched now is 41.76 where is your stop?
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37.24

and im now just too fucked off and fedup of chasing the market around and taking manual losses, just to have the market hit my target everytime before it reaches where my stoploss was! :mad:


everytime i took loss i shouldnt have as if id just gone away id have mades thousands.


so thats why im gna do this time.
 
Quote from spanish89:

GRRRRRRR fucking stuid market!!!!

when i sold at 45.86 2days ago everyone was then saying it was too cheap still and so kept buying and cuased it to rise!!


but now even at $43 everyone is now saying its too expensive!!!


i simply cant afford to take another loss and so im gna hold this trade till i either get stopped out and lose all my money,
or this goes back to the high 43s atleast!!


cos im fedup with this now
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errrr:confused:
 
Quote from MJUK:

Next significant support is 40.50.


I hope you are out Spanish.
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nope,
like i said im fedup with this shit now.

all i ever now do is take losses, just to then have market go back and hit my target before it hits where my actual stoploss is.

so this time im gna hold this till i either get stopped out and lose everything at 37.24, or will take about breakeven t profit.
 
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