5% - 10% profit per day trading

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Quote from MJUK:

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.

Also gone long NG based on exceptional relative to strength to the other energy detrivatives. Tight 90 tick stop.
 
Quote from spanish89:

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.

hows the hedge fund test, spanish?:D
 
Quote from MJUK:

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.

I see that too. The one at 47.80ish?
 
http://www.msnbc.msn.com/id/12400801/

Jim Ritterbusch, president of energy consulting group Ritterbusch and Associates, said he expects oil to fall as low as $47
- in advance of the U.S. crude inventory report,
- the monthly unemployment report and
- a meeting of the Group of 20 world leaders in London,

all this week.

“Late in the week, all hell could break loose, but I don’t know whether it makes the market go up or down,” Ritterbusch said.

(@investvision note: I think above analyst says oil price after hitting $47 he does not know it goes down as a result of all the 3 events )
 
I'll watching the 47.80-48.50 level closely today to see if the uptrend holds. If we break this, we are headed back 44 area.

USMAN, you still active? Haven't heard from you for a while.
 

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gasoline RB dropped by 1.8% where as crude dropped by only 1.2% ,
this may be indication crude further drop, what you guys think.
I am new to comparing this RBOB to crude , seems you guys are doing for some time , let us know your thoughts
 
investvision, from what i've seen, they're not 100% correlated, otherwise it'd be too easy :D we're bouncing around on the support trendline starting right below 40.00. let's see if this holds.
 
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