5% - 10% profit per day trading

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I hope you get the 52.90, I am not liking it and am thinking a run up of past 54.00 to take out that resistance. We might get that drop towards NY close. Sidelined now and hope you get your target in an hour or so. I just was not comfortable with the movement and the way it is just sitting here in this area, almost looking for a reason to bounce higher.
 
Thats another scenario I see is running it up to like 53.90 than bamm sell it down and make a new low. That I have seen literally hundreds of times on the CL as a major mindfucker.
 
Quote from Yrutman:

I hope you get the 52.90, I am not liking it and am thinking a run up of past 54.00 to take out that resistance. We might get that drop towards NY close. Sidelined now and hope you get your target in an hour or so. I just was not comfortable with the movement and the way it is just sitting here in this area, almost looking for a reason to bounce higher.
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thanks.

ive moved stoploss to just better than b/e, but cos of spread on the exit side too n stuff if market hits 53.56 il be stopped out. :(


I dont want to take 80ticks and miss out on 60 though, thats why im taking the risk of holding this time.
especially since its trending downwards.


I dont understand who would look at the daily chart and weekly chart though,
see how steeply n far we have spiked n seen that theres NEVER EVR in the history of oil been a move this steep and big in % that wasnt pulled back,
and yet STILL buy, instead of selling. :eek: :confused:

(Although the majority of the trades who are given big money to lay with are incompetent fools though) lol
 
I think it will go back down to the 45.00 range as it is over extended but the moves are violent and a test of past 55-56 might just do the trick, either way just scalping here for the time being and do not really care where it goes. Like I said it does seem weak now and you should hit your target. My only problem is that I was almost certain we would break below 53.00 by this time and we have not.
 
it has fitted teh line perfectly tjough.

i posted teh 1 chart 3hours ago, and it then did spiek as i knew it would, and reacted of where it crossed the line.


so my stop is where the red circle is. :)


im hoping we take out 53.16 though as tehn we can target teh lows
 

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this market is just so illiquid during uk time though its a nightmare to trade! :(

we are resting on teh line corss now at 53.17


if we can break tehn we target the lows



if we dont break it im gnq cash in around .26
 
i cashed in at .13

Market was only at .14 and paused there, still there for nearly 2mins now, but ETX let me take cash in at .13, which was extremely nice of them. :)

So after spread filled out at .19, instead of the outfill of .96 i wanted.


Its a 2contract trade and so i did turn down potential 20extra ticks,
but i already managed to cover 100/120 (5/6s) of the move so im happy enough. :)


And now i can withdraw to pay my rent. :)
 
Quote from Yrutman:

I think it will go back down to the 45.00 range as it is over extended but the moves are violent and a test of past 55-56 might just do the trick, either way just scalping here for the time being and do not really care where it goes. Like I said it does seem weak now and you should hit your target. My only problem is that I was almost certain we would break below 53.00 by this time and we have not.
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are you going to trade it mate??

And anyone else made/looking for any trades?? :)
 
Im watching your line now to see if we break below 53.00 then I ll do something one way or the other. If it does not break it I might jump in a long, it all depends what it does in the next half hour or so.
 
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