5% - 10% profit per day trading
- Thread starter spanish89
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Has bought NAT GAS early today and expecting it to rise tomorrow on report...
As for the DOW I thought we will have 2-3 days rally starting from today, but I do not like todays action (TRIN, volume, etc.)
So it might very well be that todays move up is all rally we get for this week
As for the DOW I thought we will have 2-3 days rally starting from today, but I do not like todays action (TRIN, volume, etc.)
So it might very well be that todays move up is all rally we get for this week
I trade sector ETFs and commodity ETFs.
I'm subsribed to Stockcharts.com with real time (15 sec delay).
That's enough for me.
BTW
The only encouraging sight for DOW I see is that $TRAN (transportation average) has shown some signs of bottoming out yesterday (narrow price spread on big volume)
The other sigh is that $TRAN didn't penetrate 2002 lows (unlike DOW and S&P)
According to classical Dow theory TRAN is important confirmation tool.
What I don't like (AT ALL) is put/cal ratios showing people are still bullish - not a good sign. So either we plunge from here hard so everyone will become bearish or we have couple of days rally and plunge then...
Good luck, Sir
I'm subsribed to Stockcharts.com with real time (15 sec delay).
That's enough for me.
BTW
The only encouraging sight for DOW I see is that $TRAN (transportation average) has shown some signs of bottoming out yesterday (narrow price spread on big volume)
The other sigh is that $TRAN didn't penetrate 2002 lows (unlike DOW and S&P)
According to classical Dow theory TRAN is important confirmation tool.
What I don't like (AT ALL) is put/cal ratios showing people are still bullish - not a good sign. So either we plunge from here hard so everyone will become bearish or we have couple of days rally and plunge then...
Good luck, Sir
Whoa that sounds abit too scientific and complicated for my brain to be able to use when trading... 
Glad to see its working for you though mate.
Ive looked at dow and even though i didnt managed to get filled on the dow long i had called ive done my analysis for tomorrow of the 2 levels that i would like to buy at...
Glad to see its working for you though mate.
Ive looked at dow and even though i didnt managed to get filled on the dow long i had called ive done my analysis for tomorrow of the 2 levels that i would like to buy at...
Energy traders were also watching for what might come next from the Organization of Petroleum Exporting Countries.
Libya's top OPEC official, Shokri Ghanem, said Tuesday that there is still excess crude in the world oil market, which the cartel needs to remove either through better compliance with already announced cuts or through a new output reduction, Reuters reported.
The oil cartel has already announced a reduction in output of 4.2 million barrels a day since September, equivalent to about 5% of global oil demand. OPEC members will meet on March 15 in Vienna
Libya's top OPEC official, Shokri Ghanem, said Tuesday that there is still excess crude in the world oil market, which the cartel needs to remove either through better compliance with already announced cuts or through a new output reduction, Reuters reported.
The oil cartel has already announced a reduction in output of 4.2 million barrels a day since September, equivalent to about 5% of global oil demand. OPEC members will meet on March 15 in Vienna
And tomorrow in oil the 3 levels i am going to be wathcing closely are-
46.86, 47.26, 48.67
(put chart to show why its those levels)
You cant see clearly on that chart, hoever look on the 1hour and you will see we have come from under $40s yesterday, to where we are today in a straight line up move.
(Roughly 15% move up so far in just 1day!)
So if we get up to the 47s/48s tomorrow that is over 20% straight line upmove in just 2days!
P.S
For the twats on t2w who are saying that ive now lost my touch,
just because im no longer trading as frequently as i used to and so not raking in thousands per week anymore..,
Im you look over my trade calls for the last 3weeks, i didnt make many, only 4.
But they were-
*Buy oil at 37.86 (it touched .85 then rose in straight uplove over next 3days to over 45).
*Sell that move in the high 44s (It fell straight to under 40).
*Buy between 39.86 and 40.26 (Its risen straight to over 45 again).
*Buy dow at under 6700 (It rose straight to 6980s).
So you can still keep saying whatever crap you want about me,
but i again am simply letting my trades/trade calls speak for themselves.
46.86, 47.26, 48.67
(put chart to show why its those levels)
You cant see clearly on that chart, hoever look on the 1hour and you will see we have come from under $40s yesterday, to where we are today in a straight line up move.
(Roughly 15% move up so far in just 1day!)
So if we get up to the 47s/48s tomorrow that is over 20% straight line upmove in just 2days!
P.S
For the twats on t2w who are saying that ive now lost my touch,
just because im no longer trading as frequently as i used to and so not raking in thousands per week anymore..,
Im you look over my trade calls for the last 3weeks, i didnt make many, only 4.
But they were-
*Buy oil at 37.86 (it touched .85 then rose in straight uplove over next 3days to over 45).
*Sell that move in the high 44s (It fell straight to under 40).
*Buy between 39.86 and 40.26 (Its risen straight to over 45 again).
*Buy dow at under 6700 (It rose straight to 6980s).
So you can still keep saying whatever crap you want about me,
but i again am simply letting my trades/trade calls speak for themselves.
David Moore, a commodity strategist with Commonwealth Bank of Australia in Sydney.
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http://biz.yahoo.com/ap/090305/oil_prices.html
1) OPEC will likely announce production cuts of as much as 1 million barrels a day at the group's next meeting on March 15, adding to the 4.2 million barrels a day the 12-nation cartel has pledged to reduce since September, Moore said.
2) Oil will likely trade near the low $40s for the next few months as weak global demand offsets dwindling supplies, Moore said.
It's still premature to say world oil consumption is stabilizing," said David Moore, a commodity strategist with Commonwealth Bank of Australia in Sydney. "The recent evidence is that the rate of decline has possibly started to slow."
"OPEC has cut production quite a lot," Moore said. "They have succeeded to an extent in arresting the decline in prices."
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@investvision note: I am going to track these analyst forecasts for months to come ( see how good they are ) that is the reason I am posting it here
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http://biz.yahoo.com/ap/090305/oil_prices.html
1) OPEC will likely announce production cuts of as much as 1 million barrels a day at the group's next meeting on March 15, adding to the 4.2 million barrels a day the 12-nation cartel has pledged to reduce since September, Moore said.
2) Oil will likely trade near the low $40s for the next few months as weak global demand offsets dwindling supplies, Moore said.
It's still premature to say world oil consumption is stabilizing," said David Moore, a commodity strategist with Commonwealth Bank of Australia in Sydney. "The recent evidence is that the rate of decline has possibly started to slow."
"OPEC has cut production quite a lot," Moore said. "They have succeeded to an extent in arresting the decline in prices."
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@investvision note: I am going to track these analyst forecasts for months to come ( see how good they are ) that is the reason I am posting it here
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the other Bull side for oil price
http://news.yahoo.com/s/nm/20090305/bs_nm/us_markets_oil
"The momentum is bullish and could have a few legs -- China is really engaged on the front foot with its stimulus package, and we're approaching the end of winter and going into a period where the driving season in the U.S. starts, so we might see crude inventories fall further," said Peter McGuire, Managing Director of Commodity Warrants Australia.
"I wouldn't be surprised to see crude edging up to test the high $40s by mid-month, maybe even touching $50."
http://news.yahoo.com/s/nm/20090305/bs_nm/us_markets_oil
"The momentum is bullish and could have a few legs -- China is really engaged on the front foot with its stimulus package, and we're approaching the end of winter and going into a period where the driving season in the U.S. starts, so we might see crude inventories fall further," said Peter McGuire, Managing Director of Commodity Warrants Australia.
"I wouldn't be surprised to see crude edging up to test the high $40s by mid-month, maybe even touching $50."
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