5% - 10% profit per day trading

[InvestVision]

short 45.65

 

[Blubaru_555]

Quote from Blubaru_555:

Next trade i'm looking to short 46 or higher

fast trade... got in at 46.05 and got stopped out at 46.30, wow.

waiting for now

update: ok looks like the run up is taking a pause here,

short 46.41
stop 46.65
target 46.00

 

[rock34748]

OK one more
SH 46.81
Stop above 46.98

ignore for journal...
dropped fast so exited before posting

out 46.55

 

[InvestVision]

typical big boys/market makers game , since all the small guys are short do a run up and create short squeeze and hunt all STOPS .

I feel they keep this high 46 level for the day and bring it down tomorrow

 

[Blubaru_555]

ok this spike up in oil seems way over-extended itself. i can't find any fundamentals today that would've pushed it up like this, anyone got any idea? are the big traders just eff'ing around to get in short here? in any case, i'm short and holding this time, 47.10, 2 lots.

 

[Oil Prince]

Quote from Blubaru_555:

ok this spike up in oil seems way over-extended itself. i can't find any fundamentals today that would've pushed it up like this, anyone got any idea? are the big traders just eff'ing around to get in short here? in any case, i'm short and holding this time, 47.10, 2 lots.

You still in?

 

[Blubaru_555]

Quote from Oil Prince:

You still in?

no, moved my stop down and got stopped out at 47.25.

ok 48.25 should be a really big resistant point coming up if we get that far.

 

[usman88]

Quote from Blubaru_555:

ok this spike up in oil seems way over-extended itself. i can't find any fundamentals today that would've pushed it up like this, anyone got any idea? are the big traders just eff'ing around to get in short here? in any case, i'm short and holding this time, 47.10, 2 lots.

iranian plane shot down by US?
Venezuela production cut?
Rallying equities?
Rallying financials?

 

[rock34748]

Quote from Blubaru_555:

ok this spike up in oil seems way over-extended itself. i can't find any fundamentals today that would've pushed it up like this, anyone got any idea? are the big traders just eff'ing around to get in short here? in any case, i'm short and holding this time, 47.10, 2 lots.

Unity in OPEC, no urgent need to cut production, "they" can twist it any way "they" want... Honesty about low demand came out of meeting, so no extreme hype... But "their" version of higher price stability is coming. Equity markets still showing strength or at least holding positive... All kinds of reasons for the float up. But nothing drastic I can see either.

 

[Blubaru_555]

from what i see, energies and equities have moved independently for atleast 3 weeks now for some reason. with the dept of energy lowering demand and the no-cut this weekend, i don't see any news that outweighs these. then again that's just how markets behave.