5% - 10% profit per day trading

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Ok for the market today ive looked at yesterday's choppy movement and ive worked out quite a decent stratergy of how to exploit the market for money still,
even when theres no big movements or reactions all day.. :cool:


The easiest way isnt to try traidng in off both sides of the range (since it could breakout and probably will),
but to instead just trade off all the mini head n shoulders formations formed throughout the day within the range chops,
and to just use tight stoploss putting it just above the head,
and go for an average of just 35 t 40ticks per trade. :)


Ive attached a screenshot to make it clear on how to spot a head n shoulders, and what sort of formation/movement you should watch for as a guide on when to cash in the trade.

*The red circles are the times where to sell, purples where you hold till.



I will be trading when sun rises till 10am, then have to go london till early afternoon, but will then trade the late afternoon and evening session too before i go to sleep


Im gna be trading at just £3 t £4s per tick, but will do the daily contract so get 8ticks spread and can go as low as 20ticks stoploss.

Gna be looking for roughly 6 t 8 trades during the day, each at maybe 35ticks profit after spread.
So that would still be a very decent £800 t £900 profit for the day though, at just £4 per tick! :cool:



I will try and live call as many trades as i can on here, but since these will be faster scalp entries i wont eb able to do most.

But basically every head n shoulders that forms i will be preying on it! :D :p
 

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Just woke up and checked a GBP/JPY trade I put on before going to bed.

TP hit at 25 ticks

Screen shot attached.

Must admit, the entry and exits were pretty bad though.
 

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Couldn't help but taking a trade I saw forming on Eur/Usd...

Shorted at 1.3053

+41 pips.

Screenshot attached. Anyway,off to bed. Will see if I get a chance to trade crude tomorrow.
 

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While a pile of crap.

6K for 6 months = 36K

Allowing for 2K a month living expenses you should have 24K in your account.

YOU DONT

you have less than 4K.

Best honest and stop giving us this bullshit. You say that on your CV and you won't get past the interview stage as it'll be the first thing the interviewers spot.
 
Quote from booking:

While a pile of crap.

6K for 6 months = 36K

Allowing for 2K a month living expenses you should have 24K in your account.

YOU DONT

you have less than 4K.

Best honest and stop giving us this bullshit. You say that on your CV and you won't get past the interview stage as it'll be the first thing the interviewers spot.
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LOL

calm down mate!! :D


I made just over £32,000 profit in the 6months,
although nearly 5k was through an igforex account not the etx one.


But the reason i dont have 24k capital and never did is cos i wasnt withdrawing just 2k per month!! :D :cool:

I was taking roughly nearly £1,000 per week most weeks, and as i had just moved into my new flat all the furniture cost me abit over £10,000.



So why dont you just focus more on trying to make some money yourself mate,
instead of worrying about how much ive made and spent! :D



Its really really interesting to see that when i was tearing a few thousand profit per week for all those weeks there were so few people wanting to talk about that,
but as soon as i post saying that ive lost a few thousand theres a whole new breed of people analysing and commenting non-stop on it! :p
 
Just cashed in my long for 30ticks profit.. :)

Bought at 40.56 the right shoulder of the inverse head n shoulders, and cashed in just now at 40.94


This sideways action is seriously dull though :(
 
today I got my hands on the 25 pager morgan stanely research report on oil(which was in news yesterday predicting 35 usd oil). I must say that some of the assumptions were pretty far fetched. ill try posting a detailed analysis tonight.

interesting point is that bloomberg/DJ did not reported that the report also mentioned the possibility of 80 USD and plus!
 
Quote from usman88:

today I got my hands on the 25 pager morgan stanely research report on oil(which was in news yesterday predicting 35 usd oil). I must say that some of the assumptions were pretty far fetched. ill try posting a detailed analysis tonight.

interesting point is that bloomberg/DJ did not reported that the report also mentioned the possibility of 80 USD and plus!
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I think that clearly tells us that nobody nowhere knows bugger all about anything!

We are led to believe that some expert sits and compiles a report on this and that but it seems that their conclusion is always 'it might go up, but it might come down'.

Your own analysis is always best - there are no experts.
 
First day for me live trading since quite a while (I kept my IB account, with only the necessay capital to be able to papertrade).

I took a few scalps of the down move on EUR.USD: Net 717 USD
Got stopped out near break even on a DAX long trade. Net 46 EUR (probably the best entry one could make today, but got scared and took it near break even, after being up 16 points or so)

Total 517 EUR net.
Hope it's not beginners luck ... I'm starting to dream ...

I experimented with CL while papertrading, it's not exactly my thing right now. I like forex better.

(Got layed off end december after 22 years by the company I worked for. Received a nice premium, that allows me to live off comfortably for 2 years.

Decided to label part of the premium as 'risk capital' and took the whole month of January to patertrade. Funny thing: I seem to make profits in the morning and give it all/partly back in the afternoon ... so I stop for today )
 
Quote from Aspitrader:

First day for me live trading since quite a while (I kept my IB account, with only the necessay capital to be able to papertrade).

I took a few scalps of the down move on EUR.USD: Net 717 USD
Got stopped out near break even on a DAX long trade. Net 46 EUR (probably the best entry one could make today, but got scared and took it near break even, after being up 16 points or so)

Total 517 EUR net.
Hope it's not beginners luck ... I'm starting to dream ...

I experimented with CL while papertrading, it's not exactly my thing right now. I like forex better.

(Got layed off end december after 22 years by the company I worked for. Received a nice premium, that allows me to live off comfortably for 2 years.

Decided to label part of the premium as 'risk capital' and took the whole month of Januari to patertrade. Funny thing: I seem to make profits in the morning and give it all/partly back in the afternoon ... so I stop for today )
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Aloha mate and welcome to the thread... :)

Soz to hear about your job.


I hope you make loads over the next few months trading though... :)

Whats your style and stratergy of trading??




Im off to Canary Wahrf now as i had a very very surprising bit off goodluck today prop-firm-searching wise,
as a sorta friend who works in a firm there has invited me there for business lunch with him and his mate, but has also invited one of the floor managers from his firm who handles recruitment there... :)

And so im gna try the old spanish charm and see what happend. :cool:


Im not gna go into more specific details just yet though as its not an actual interview and so i dont wnat to get my hopes up yet.
 
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