5% - 10% profit per day trading

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soz i dont post so much anymore..

its party because the market is so crap now that theres not much to post, and partly cos of my new trading stratergy i may only make 1trade every 3days if that.

And so the rest of the time i am just spending sitting here bored out of my mind waiting for the market to move and move till it reaches that level. :( :(


*The trade that im waiting for today is buying at or below 36.62,
however low it goes before it simply cant go any lower and so makes a reversal formation down there.

*On upside i wont sell today below 41.26



And the key level that i have been banging on about since christmas and am still focuses on is 39.26

That level is the most strong powerful important level that there is since christmas to now...,
and i mean a seriously ridculously key strong level!! :cool:



i cant sell it myself cos my spread is too big, and i cant use a tight enough stoploss that i would want to have there..,
and i wouldnt sell there anyways though as its still too risky for me as theres a chance i could be forced into losing money on that trade.

But that is an extremely important level you need to watch.


below there ist 37.86 and then 36.62. :)
 
anyone who didnt just hear bernanke talk he said the usa is fucked and will be 2 t 3years recovery, that dow could go under 6000 (implied), and that the economy is baically tottally fucked!! :D


whoooo


:cool: :p
 
oil is gripping where it crosses line 2 lines on my chat every tightly still... :(

we need it to break through 38.34 to get down to 37.86 and take out stops there and pickup speed.


i want 36.39 or lower.


and am planning on buying jp morgan tomorrow or the day after, depends how big the pullback in it is tomorrow
 
and low how it dropped down in that sike as it took out 38.34 :cool:


next is 37.86 and the stops there are screwed, especially now bernanke is about to talk
 
hey spanish89, thx for the commentary. i've been trading crude oil for only 2 weeks, and this thread is helping me get a feel for whats going on in this crazy market. keep on typing even if you think no one is reading!
 
Quote from Blubaru_555:

hey spanish89, thx for the commentary. i've been trading crude oil for only 2 weeks, and this thread is helping me get a feel for whats going on in this crazy market. keep on typing even if you think no one is reading!
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ah thanks for the support mate..., glad its helpful. :)

I always wonder where everyone has gone though cos i feel like im talking to myself, so sometimes post charts just to see how many views it gets to see if i am a real loner now.. :p


This market is pissing me off though cos it just doesnt want to tank hard anymore, so i cant buy it.

So cant make any money, just waste the staring at the charts without earning. :(




bernanke is basically going off topic now to avoid having to say anything bad,
he basiclaly got all teh shit out 1st and fast in the comments, and now is just gna talk about recover and random nonsense.. lol


Juts gna hope after he finishes talking market tanks
 
market just doesnt want to leave that line. :/


It tried the 39.26 and we all saw how it got smashed down and that level is way way too strong, but the area between 37.86/38.26 is where alot of big buyers keep coming in and supporting oil, even when dow was under 7100!! :eek: :(


makes very dull days
 

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now the MAY/APR long/short crude oil spread reached $3 -- 41.75/38.75

last week when APR contract is riding high, this spread was at $2.25

in focusing on APR contract I ignored this spread, it should have been nice profit with low risk 0.75 cents /contract ..

I will watch for next APR contract riding really high only in those times this spread will come down to $2.50 level ...
 
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