5% - 10% profit per day trading

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K so im looking to buy the dow tomorrow, want it under 6700,
but managing to get it under 6600 even better. :)


Non-farms could cause a big rally tomorrow when all the trade exchanges take place very fast as the number comes.. :cool:


Chart to show why i want to buy dow so much...

As we had the big fall in october due to the 'shock and jolt' caused by lehmans going bankrupt overnight so suddenly...

And had that big 1300+ vertical down move,
but then lots of very fast big up and down swings over the next few weeks/months causing sideways consolidation.


We now had another big donw move based not on shock, but just a 'shaking out move',
since no-one wants to buy anything as everyone still thinks market will go down more and they can buy cheaper.

So theres been lack of buying interest combined with trend chasers short selling the dow still too.. :)


But this most recent down move has been way too elongated and steep for my liking, and so its now time to buy for the bouce.

:cool:
 

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Quote from mr888:

Non farms are on friday
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Theres the pre-non farms tomorrow though.

adp employment change.


dont think i will make a trade before the reaction to that though, unless its under 6600.
 
US oil stocks slip on imports, higher runs - API Tue Mar 3, 2009 9:44pm GMT
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http://uk.reuters.com/article/oilRpt/idUKN0360274820090303


NEW YORK, March 3 (Reuters) - U.S. crude oil stockpiles dipped 463,000 barrels last week amid lower import levels and higher demand from refiners, the American Petroleum Institute said on Tuesday.

The report countered analyst expectations for a crude oil inventory build of 1.2 million barrels. [EIA/S]

The API report also showed gasoline stockpiles down 642,000 barrels in the week ended Feb. 27 versus expectations of an 800,000-barrel drop, and distillate stockpiles up 1.6 million barrels versus expectations of a 700,000-barrel drop.

"For the most part the report is neutral, maybe slightly supportive on crude," said Tom Bentz, analyst at BNP Paribas Commodity Futures Inc in New York.

The crude oil draw came as imports slipped 265,000 barrels per day and crude runs at domestic refineries rose 286,000 barrels per day, the API said.

The API report comes a day ahead of a separate set of figures from the U.S. Energy Information Administration, which many energy analysts consider more reliable. (Reporting by Richard Valdmanis)
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@investvision note: 1.2 million barrels build is Bloomberg average estimate of analysts . MCgraw-hill estimate this time is 2.2 mil , it seems Mcgraw-hill estimate is not as closes as Bloomberg even for the week of 2/13


Quote from InvestVision:

http://www.msnbc.msn.com/id/12400801/

Traders awaited Wednesday’s release of crude inventory data by the Energy Information Administration.

Analysts are looking for
- oil stocks to rise by 2.2 million barrels, and
- gasoline stocks to fall by 600,000 barrels
according to a survey by Platts, the energy information arm of McGraw-Hill Cos.



Markets watch inventory levels closely for signs of rising or falling demand. Oil prices rose for two consecutive days last week when the build up in crude inventories was less than expected.

But prices began to fall on Friday and then plunged Monday. Crude is still trading about $4 below Monday’s open.

-----
Traders are also awaiting government reports later this week on employment levels, which have in recent months sent oil prices plunging further.

The nation has lost 3.6 million jobs since the recession started, including 598,000 jobs in January alone, the most since 1974. The jobless rate surged to 7.6 percent in January, and economists and government officials all agreed the toll is certain to go higher.
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Quote from usman88:

for tomorrow i believe we will see 4350 no matter what the inventory numbers are
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4357 hit even before the market opened
short now at 4335 with stop of 4361.
 
Quote from usman88:

4357 hit even before the market opened
short now at 4335 with stop of 4361.
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exited at 4280
short again at 4325 stop 4360 target 4190 this time
 
Quote from usman88:

for tomorrow i believe we will see 4350 no matter what the inventory numbers are
More...

what is the reason you thought irrespective of numbers oil reach 4350 ? is it the last week rise ( when govt. released ) in people fresh memories
 
GrRRr the stupid piece of shit has now risne to 6800!!!


Knowing my luck this will now shoot to 7060 before hitting my buy order and ill miss the 350points again!! :mad: :mad:



im going out to drink my white rum to get out of reality for the day. :/


goodluck everyone
 
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