5% - 10% profit per day trading

lemeeeplay · Mar 25, 2009

I think the Chinese are finally starting to sell their US bonds. Even though the FEDs announced last week that they'll start buying treasuries, it didn't trigger a bull run in Bonds. Instead we got a big spike on Wed and its been going down every day since. It still hasn't reached Wed's low yet, but still, this shows that people are now selling into rallies.

Anyone here trades ZN or ZB?

spanish89 · Mar 25, 2009

id like a sell at 53.26

and have from now t 8pm to see if market rises to that level

InvestVision · Mar 25, 2009

http://www.marketwatch.com/news/sto...2233-4495-9559-50598BFDBC28}&dist=morenews_ts

1)
"While some may view the drop in gasoline stocks as bullish, the data comes out on the side of the bears," said James Williams, an economist at energy research firm WTRG Economics. "The overall picture in crude inventories is still gloomy."

2) Energy data from Japan, the world's third largest oil consumer, also weighed on oil prices. The nation's crude oil imports fell 13.9% in February from year ago, Reuters reported.

lemeeeplay · Mar 25, 2009

Quote from spanish89:

id like a sell at 53.26

and have from now t 8pm to see if market rises to that level

I might consider selling tomorrow as well depending on how it behaves in pre-open trading.

InvestVision · Mar 25, 2009

Quote from spanish89:

id like a sell at 53.26

and have from now t 8pm to see if market rises to that level

@spanish , you should have looked at other way BUY at 52.20 level few minutes ago .

I am long at 53.0 level ( before drop )

Blubaru_555 · Mar 25, 2009

made 1700 today doing alot of scalping. not bad, but way more work than it should be. i wish i had more patience for real trade setups. oil is way over-bought here it seems, investors are pricing it way ahead into the future, when our current demand is still very weak. i won't tempt myself with an overnight trade though.

lemeeeplay · Mar 25, 2009

Quote from Blubaru_555:

made 1700 today doing alot of scalping. not bad, but way more work than it should be. i wish i had more patience for real trade setups. oil is way over-bought here it seems, investors are pricing it way ahead into the future, when our current demand is still very weak. i won't tempt myself with an overnight trade though.

good work man!

Yeah I agree, oil is way over-bought but shorting seems so difficult these days. This thing goes up $2 in a few min but will take a few hours to go down .50

spanish89 · Mar 25, 2009

Quote from InvestVision:

@spanish , you should have looked at other way BUY at 52.20 level few minutes ago .

I am long at 53.0 level ( before drop )

ALoha mate, yea i had 52.19 as the support line drawn from yesterday as where i had set as target for my sell form lastnight.

But buying there 10mins before the close, when dow is falling 300points,
and after how much oil has risen over the last 2weeks just isnt how i trade mate. :/

Its just be far too risky for me.

You made profit today though yea mate??

And you holding a long from 53 overnight though??

spanish89 · Mar 25, 2009

Quote from Blubaru_555:

made 1700 today doing alot of scalping. not bad, but way more work than it should be. i wish i had more patience for real trade setups. oil is way over-bought here it seems, investors are pricing it way ahead into the future, when our current demand is still very weak. i won't tempt myself with an overnight trade though.

nicely done mate..

How everyone else done today??

MJUK · Mar 25, 2009

Quote from spanish89:

Anyone made anymore trades yet??

Usman, MJ and everyone else???

and you cashed in near the lows leemeeplay mate?

I haven't done much this week. Going to be looking for an oil sell positional trade. Demand seems to be very bad and I expect a sell off now.