5% - 10% profit per day trading
- Thread starter spanish89
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she is dumping
nice trade... 
even if the dow doenst do much for oil, and just moves sideways, its extremely likely the inventory number will give us 2 t 3dollars rise, even if its a bad number!
(So if it follows the api number from last night and is -2million instead of +2million) then the reaction could be extremely big.
Since last 2weeks we had very bad numbers, yet oil rallied hard off them still, as just the fact that there was some news out was an excuse for the big boys to do something and move the market.
Especially last week, when we were expecting +2million, got +8million, similiar for gasoline,
and yet there wasnt even a 1-tick down move in oil, just a rally of about $3 - $4s...
even if the dow doenst do much for oil, and just moves sideways, its extremely likely the inventory number will give us 2 t 3dollars rise, even if its a bad number!
(So if it follows the api number from last night and is -2million instead of +2million) then the reaction could be extremely big.
Since last 2weeks we had very bad numbers, yet oil rallied hard off them still, as just the fact that there was some news out was an excuse for the big boys to do something and move the market.
Especially last week, when we were expecting +2million, got +8million, similiar for gasoline,
and yet there wasnt even a 1-tick down move in oil, just a rally of about $3 - $4s...
Spanish,
You were right early in the day yesterday about the market going down. We should have all just gone short and stayed short to the end.
Also, why do you think we will go up now? We broke so many support levels and all of them are now resistances.
I am going to scalp today. I want to recover some of my losses from yesterday.
You were right early in the day yesterday about the market going down. We should have all just gone short and stayed short to the end.
Also, why do you think we will go up now? We broke so many support levels and all of them are now resistances.
I am going to scalp today. I want to recover some of my losses from yesterday.
Thanks mate, i knew it was very likely that as soon as the plant was confirmed to be out that dow could tank,
since it wold be the perfect trigger for a retest of the 7500 lows.
SInce now there is nothing too look forward to that positive now, so only neagtive and worry in the future now.
I feel gutted that i didnt hold my sell, and then got into the long too soon...
But i know that even that im very skilled at knowing the best entires, i still sometimes jump in too early..,
and i really struggle holding profitable trades for too long!
I really really wish i could overcome that though as i miss thousands quid each week cos of it, and instead endup getting into alot of danger often.
The reason why im hoping and thinking oil will rise today even if dow doenst is the inventory number, and usman.
usman- cos im not gna blame him if it doenst rise or anything like that mate, but he always seems to have great luck and market alays goes in his favour for no apparent reason,
so i decided to follow him on this one.
And 37.86 is an extremely strong support level.
Inventory number- Last 2weeks we got very bad numbers, yet oil rallied on them. last week +8million, 2nd biggest build ever, yet market rocketd on that!
So even though i know this week it may react logiclaly to the number and fall if oversupply,
if the last 2weeks are the new trend that means teh oversupply is now priced in,
and so the bad number is just an excuse of the big boys to buy when all the little guys sell to them..
+API being -2million vs exected +2million yesterday was a positive sign.
Although we often get selling into the number, which i dont like as it mean we have further to rally.
thats so true about usman. He is good. My main goal right is to stay focus on making small profits on very short term chart (1 min bar). I won't do any big trades until next week.
I just did two quick scalps, one on GBP and the other on ZB and managed to make $100 on each. Basically, I am watching the 1 min bar and keeping eye on MACD. When it goes to extreme on one side, i jump in and try to get 10-20 pips and then get out. I am going to try to do this a few more times today and see if my results will be positive by the end of the day.
usman, how do you do that though?
If you start with lets say 2 long and the price moves against you by $1. Do you buy 4 more and then sell them back when price goes up by .5? Would you sell all or only the last 4 you bought? In that case wouldn't the original 2 still be in a loss with the original entry?
If you start with lets say 2 long and the price moves against you by $1. Do you buy 4 more and then sell them back when price goes up by .5? Would you sell all or only the last 4 you bought? In that case wouldn't the original 2 still be in a loss with the original entry?
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