5% - 10% profit per day trading

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Quote from Yrutman:

Plenty of longs trapped who are liquidating now, much more so than shorts as they were chasing the 50.00 with certainty, that is why we are going to be down over 4.00 over night. What goes up this quick comes down even harder!
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who are all these idiots who held such gambling speculative longs over the weekend??! :eek: :confused:


It seriously amazes me how such fools manage to get jobs in hedgefunds and banks! lol
 
long over the weekend and are praying for 45.00 to get out, they might get answered, but the question is how much pain do you endure? Or stop out here and buy in later if you are sure it will hit 45.00! This is the psychological trap we all get into. Market knows this and will cause more selling as it takes out the low in the next half hour or so.
 
What do you think caused the gap down? It was the sudden rush to dump longs after OPEC announcement, which is bullshit no matter what they said. Oil belongs in the 20s but that is neither here nor there.
 
They should all just come here for a lesson for us... :cool: :p

Surely they must have been taight the basics of trading and how risk is played out in ''time'', not price, when playing fundamentals.. :?


I hate these UK mornings though, stupid 5ticks ranges for hours!! :mad:

this is teh 1st time ive traded before lunchtime for about 3months now,
and im getting an unplesant remind of why i changed no not traidng uk mornings! lol :mad:
 
Quote from InvestVision:

guys finally joined short party after lots of wait 44.05
target 43
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Aloha mate.., niceish entry.. :)

Can i ask what triggered you to enter now but not earlier??


This has been a very tough day to find decent short entries though. :/
 
Flynn at Alaron trading has a longer term target in the high 20s on the next move down. I know some guys that trade with him and he has been spot on on these longer term calls. I believe we will stay in the 30s longer next round.
 
Quote from Yrutman:

Flynn at Alaron trading has a longer term target in the high 20s on the next move down. I know some guys that trade with him and he has been spot on on these longer term calls. I believe we will stay in the 30s longer next round.
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overall i see the low at 26.86

This move looks like a pendant formation to me, and so we should get 1st down move to 42.86

and a 2nd to 40.26/39.26


I would be looking to buy around there potentially.


cant hold trades for that long though pyschologiclally.
 
hmmm.... i doubt any thing below 33 for oil , OPEC barley started compliance at 80% level if they continue even 85% level for 3 more months 4 million barrels per day OFF from market and stock market almost bottomed at S&P 650 , i do not see long term bearish oil


Quote from Yrutman:

Flynn at Alaron trading has a longer term target in the high 20s on the next move down. I know some guys that trade with him and he has been spot on on these longer term calls. I believe we will stay in the 30s longer next round.
More...
 
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