5% - 10% profit per day trading

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my limit order closed my shorts at 46.65 last night ( most of them still few left ), that was good thing.

i started new fresh shorts at 48.45 , expecting $1 give up from this price

here is my view:
broader economy outlook looking positive ( at least perceived) in few quarters , any uptick in economy the first sector to popup is energy every fund manger know this , i think this is the main reason for week pop.

- option expiration today also causing this pop , as many big players are option sellers they wanted all puts ( which small traders bought for last 1 month ) to expire worthless

- today oil volume is 1/2 of usual daily volume for this one hour period 11-12 EST , which may be indication 48.50 is running out of steam

having said that , I am putting floor for oil price $45 for this week and next week. The overall high level sentiment is bullish for oil .
 
its not doing a head n shoulders, and so im gan switch to candles charts to see the selling vs buying for abit.


i really want to see april contract hit 50.09 today though
 
i think its gana float downwards maybe 40ticks over next few hours, but in last half hour upspike to over 50.09


so gna try getting some porn watching in quick for teh next 2hours till the last half hour. :)
 
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