5% - 10% profit per day trading

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Quote from pocketmoney:

Closing that here at 786 for 30 pips profit ($108 profit)

That one was for you spanish :) I remember you told me to post some ES trades in here ;)
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Aloha mate, nicely done.. :)

Im not trading at moment though cos ive got a few other business things to do currently.

I will be back here trading by thursday probably though of the money has arrived in my bank account by then,
o i can put it back into my trading account for capital.
 
good job man! How do you determine when to enter and exit? Which indicator do you use?

FYI, i got stopped out at 48.5 with $200 loss. I shouldn't have traded out of boredom
 
how long have you been trading lp? i've been trading for about a year, and i long gave up indicators, instead relying on markets that are correlated to whatever i'm trading. for instance, if you look at oil's derivatives, RB and HO, these two are HIGHLY correlated to the direction of oil. sometimes one or both of these will move before oil does, and that's what gives me a head up that oil will try to catch up to these. for instance, if RB spikes down alot, and CL doesn't react, i put in a short immediately without even thinking most of the time. other markets that are correlated are equities, currencies, bonds, gold etc. some are inversely correlated.
 
Been trading on and off since 1992 but mostly in options.

My natural style of trading is swing trading the daily charts. I am not too good at getting in and out every few min, or hours. I started active day trading last October, and funded my day trading account with $10K to see how it turns out, but my results haven't been good ($8200 right now :( ). Day trading also requires more time and I have a day job which gets in the way. I've been thinking about going back to what I comes to me more naturally, which is swing trading :) (trade and hold positions for a few days)

As for indicators, I personally gave up on them long time ago. But since you were scalping, I figured you were using them.
 
congrats, 666 posts!

i'm funemployed at the moment... so it's easier to catch the small moves, though i do want to move onto longer term trades. how do you trade at work!?
 
It's hard to trade during work, so most of my trading happen early in the morning before I go to work ( I live in the west coast). Sometimes during work hours, things slow down a bit, like right now, where I can watch the market without any interruption for half an hour.
 
When oil breaks its intermediate uptrend line I will be looking for a short postion on a retracement. Preferbly to the underneath of the trendline or a fibo 50/66 but anything will do. Stop will be $51 with a target of $42.5-40.
 
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