5% - 10% profit per day trading

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Quote from spanish89:

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:
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I am not shorting until we break the uptrend line which is currently at 4360 or so.

I have closed my USO position taken a few weeks ago for half the profit I could have taken but still 3k profit non the less.

The only bullish factor for oil is the $ could tank if and when the fed announces quantitive easing this week. On the other hand, the US trade defieict keeps getting smaller and smaller supporting the $. I judged the potential bullish influence from the $ is out weighed by economic data and demand and the fact oil may sell of to the 40 area if it breaks this trendline soon.

I am sick today so trading all day.
 
im off to sleep now as have been awake for about 28hours now, and see no reason why i need to stay awake anymore tbh as i have the trade there and target set,
so nothing more i can do except wait till it hits target, the start looking for next trade.


goodluck guys
 
Quote from InvestVision:

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
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Well the $ is key. It was only 1998 when oil traded at $15. We have a very large build in spare capacity and lots of new non-OPEC supply coming to the market this year. I think c $25 is an absolute floor at the moment but if we keep seeing demand fall and spare capacity rised to 10 million barrels a day or something who knows.

I am long-term major bullish on oil though. I believe in peak oil i.e. the fact we will not be able to produce enough within about 5-10 years to meet demand due to maturing fields losing production capacity.
 
In about 35 t 40years time there wont be oil 'sold' like it is now... :cool:


The governments will have control of all the oil supply of every country, and they will be rationing it out to people.

there will be armed guards at petrol stations, and people will lurk around the streets at nights carrying knives n guns trying to steal oil form other peoples cars.. :)


This isnt a wild 'theory', its just the simple facts, based on simple maths.

You have 10barrels of oil, each lasts 1year.
for teh 1st 3years you can ignore the fact that its running out and not want it much,
but by year 8 n 9 when you look and theres only 1barrel left everyone wants it and will fight for it. :cool:




Or the scientists will have managed to create alternative to oil like fusion or other nuclear stuff, and then oil becomes more of a sovenir. lol
 
It has already been established that there is plenty of oil for the next 10,000 years. It has been refining capacity that has been the issue. So either build more refinaries or look for alternatives cheaper methods. Plenty of oil out there and this has been well established and discussed in a major way when we had the run to $147.00
 
Quote from spanish89:

In about 35 t 40years time there wont be oil 'sold' like it is now... :cool:


The governments will have control of all the oil supply of every country, and they will be rationing it out to people.

there will be armed guards at petrol stations, and people will lurk around the streets at nights carrying knives n guns trying to steal oil form other peoples cars.. :)


This isnt a wild 'theory', its just the simple facts, based on simple maths.

You have 10barrels of oil, each lasts 1year.
for teh 1st 3years you can ignore the fact that its running out and not want it much,
but by year 8 n 9 when you look and theres only 1barrel left everyone wants it and will fight for it. :cool:




Or the scientists will have managed to create alternative to oil like fusion or other nuclear stuff, and then oil becomes more of a sovenir. lol
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Forget 40 years, try 15-20 maybe less.

We will be using electric vehicles but the cost of changing away from an oil based economy will be daunting. Many people think it will cause the collapse of the world economy and billions of people will starve as oil is so important in the production of mechanised food production. I am not quite so 'doomerish' but it could be bloody hard non the less. Massive inflation, a constant drag on economic growth, resource wars ect etc. Anyway lets not get too depressed!
 
Quote from Yrutman:

It has already been established that there is plenty of oil for the next 10,000 years. It has been refining capacity that has been the issue. So either build more refinaries or look for alternatives cheaper methods. Plenty of oil out there and this has been well established and discussed in a major way when we had the run to $147.00
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I am afraid to say your are in for a very big shock my friend.

The only long-term supplies of 'oil' are shale based and suffer from production flow problems as it is far harder to produce shale than pump it out of the ground. Oil shale will never contribute to more than 10 million barrels per day.

Many major oil basins are in terminal decline, including the US, the North sea, Mexico. of the c 50 produicng countries about 35 are passed their peak production and in decline. OPEC are the only countries that could increase capacity and many experts think their reserves are massively over inflated due to politcal reasons.

This is a good source on possible oil production capacity. http://en.wikipedia.org/wiki/Oil_megaprojects

Also check out the International Enerngy Agencies lastest report on world energy. They basically say we need a revolution in energy now becuase the current trend we are on is not sustainable.
 
All that is propoganda by wallstreet and the arabs to keep the prices high etc. Plenty of oil out there, also plenty of technlogy out there for fuel efficient cars etc. Although I would not give up my 06 Mustang GT with 300 hp no matter how gas prices are. As that is tree hugging BS.
 
guys look at these utility scale solar plants in my backyard California , USA . it will take 5 years for them to become price competitive with coal , then by that time
- all the industrial power generators are removed from oil
- 20% of US new cars are on plugging hybrids
- these solar plants are modular technology , once standardized these will be replicated like PC in every hot place in the world ( red hot Africa feeding solar power to entire Europe )

then we see oil $40 price with out future fear of $200 . In the mean time 5 years we will see $200 oil price couple of times for sure .

http://www.esolar.com/
http://www.ausra.com/
 
Quote from Yrutman:

All that is propoganda by wallstreet and the arabs to keep the prices high etc. Plenty of oil out there, also plenty of technlogy out there for fuel efficient cars etc. Although I would not give up my 06 Mustang GT with 300 hp no matter how gas prices are. As that is tree hugging BS.
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There are many good books on the subject by people with no allignment to wall street or the arabs. I recommend 'The End of Oil' by Paul Roberts.

I would also recommend reading this below and then the full report. It is by Bob Hirsh a senior energy consultant and the report was for the US Government. It is the basis for the drive for nuclear and non-oil based fuels by both the Republican and Democrat party.
http://www.acus.org/docs/051007-Hirsch_World_Oil_Production.pdf
 
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