5% - 10% profit per day trading
- Thread starter spanish89
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i do not think we any thing above 52 today ( look at options call prices )
closed these long with small loss , new LONGS at 4580
out 4715
Aloha guys, i looked at the chart and it was basically what was expected.. 
Some final trend chaser buying from yesterday, and then longs being cashed in nearer the afternoon/evening,
along with some sellers loading up to hold over the weekend/combined with the IEA demand forecast, but that was old nes os was priced in already.
I had set a target sell order for 52.26, so could catch anything that spiked up 11%+ again today,
although i knew it wa unlikely that was gna happens as the rumour was bought yesterday, news sold today.
I have a 1st target of 44.19/43.86 if opec dont cut and instead just say they are gna focus on 95% - 100% co-operation with the previous cuts, and review the market isn about 2months from now with another meeting.
2nd target 40.26/39.86, hich i would be interested in looking for a buy at depending on if we get a reversal formation down there.
Glad to see you made money Gul and others.
Some final trend chaser buying from yesterday, and then longs being cashed in nearer the afternoon/evening,
along with some sellers loading up to hold over the weekend/combined with the IEA demand forecast, but that was old nes os was priced in already.
I had set a target sell order for 52.26, so could catch anything that spiked up 11%+ again today,
although i knew it wa unlikely that was gna happens as the rumour was bought yesterday, news sold today.
I have a 1st target of 44.19/43.86 if opec dont cut and instead just say they are gna focus on 95% - 100% co-operation with the previous cuts, and review the market isn about 2months from now with another meeting.
2nd target 40.26/39.86, hich i would be interested in looking for a buy at depending on if we get a reversal formation down there.
Glad to see you made money Gul and others.
Thats a decent stop,
since the next key resistance above 48.67 (which we touched on tuesday, which i was happy i had my sell order in place for),
would be 50.89
So there will be ALOT of sellers stops around the 51.10 level.
Oil has showed remarkable weakness this week though, following alot of strength last week for wti, when it held its ground while dow crashed to the 6500s and brent fell,
but so that was just the contango tightening for the future month contracts.
But this week since that key resistance level on tuesday of 48.67, oil has really struggled to have a 'broad' day long steady rally.
Im made 127ticks from my sell from the 48.67 level, and so im satisfied enough with making some safe cash of the sell opportunity of the week,
And so dont need to take the risk of selling today and hoping opec will cut.
Especially since the price is just in the 46s so mid rnage floating again.
But monday should be lots of fun and volatility which ever way opec go.
one of the great profit day for me. It cleaned lots of small losses ( bad decisions) over the week and left on high positive side.
feeling good able to predict some of the big boys games taking oil to low midday and reallying ( as I posted earlier ).
I am felling softness in oil from morning , especially no 50s I posted.
I feel we need to discuss psychology of big boys/market makers more frequently ( possible scenarios for week/day ) to better catch the moves.
everybody Have nice weekend .
feeling good able to predict some of the big boys games taking oil to low midday and reallying ( as I posted earlier ).
I am felling softness in oil from morning , especially no 50s I posted.
I feel we need to discuss psychology of big boys/market makers more frequently ( possible scenarios for week/day ) to better catch the moves.
everybody Have nice weekend .
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