5% - 10% profit per day trading

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Quote from MJUK:

I don't see a bias either way. We have to break 43.50 to get bullish and 40.50 to get bearish in my opinion and, at the moment, we are ranged bound between these levels.

I have today off work - so will be trading all day. Good times.
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We now have a bearish bias.
 
Price just peeked below several support areas and did not like what it saw. Pretty strong bullish signal considering the DOW is selling off hard.

Will look to go long soon.
 
Quote from clunk:

Cheers mate, you'll get there- I try not to overtrade and keep my targets small, once I have more capital I'll give the trades more wriggle room.

Attached is my blotter for the last 9 trades.:cool:
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Nice Work well done,
What broker are you using?
 
I am long here from 40.70 but volume on the upticks is terrible. Looks like it could be a choppy day.

Already shaken out of a short for a £300 loss.
 
Second loss. So far today -£600.

There is still a bearish tone today. The down waves are longer and stronger than the up waves but it looks like it is getting over extended to the downside.

Can't see any particularly attractive set-ups developing soon.
 
I wouldn't bother.

I think I am going to abandon oil for now if this does not work out.

I believe the problem to be the fact the price is at the bottom of its range so there are people buying at this level but there is genuine bearish pressures pushing the price lower. Hence the whipsaws around this level.
 
Quote from MJUK:

I wouldn't bother.

I think I am going to abandon oil for now if this does not work out.

I believe the problem to be the fact the price is at the bottom of its range so there are people buying at this level but there is genuine bearish pressures pushing the price lower. Hence the whipsaws around this level.
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mate i agree
just got taken out
going to go throw some snow and cme back
 
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