5% - 10% profit per day trading

Status
Not open for further replies.
seeing more 100 lotters coming in at this level. going to add 1 more long once it looks like we're in the clear.

>2nd long waiting at 56.80, stops moved up to 56.55.
 
@usman88

that's one of the few trades i can explain. unfortunately my trading computer with charts is on a slower machine so i can't give you a chart.

looking at 10:30 - 10:45, compare the movements of HO/RB to CL. RB makes a much shorter top, HO makes a double top, and looking at the ES we see it retreats quickly here too, but slightly delayed.

>>i believed it was going to drop there, but exactly how much or for what time frame, i'm still trying to figure out and learn.

>>> looking at RB/HO they both made smaller tops from 9:50 and 10:35. not sure if i saw that though when i made the trade.
 
it looks like we're in the clear to long oil now, RB has topped the last retrace. i'm still long, and need a decent run up here to make this a positive week.

>>> stops at 56.50.
 
Quote from Blubaru_555:

wow these fake outs are killing me, what's going on!!!

>>anyone interested in helping me design a system to fade myself?
More...


Aloha mate, soz to see your having a some bad sessions recently. :(

I will try and help you though with designing that system.. :) lol
(I was going to a few days ago when you asked what i meant about 'only trading off extremes', but i didnt get time to come on here after that)


Ok basically what i meant was-

Instead of trying to workout what the trend is every few hours, and the trading it accordingly.

(Which results in you making money when your correct, but then losing your cash when you were wrong)



*Just look at the weekly and monthly chart 1st.

*1- You will ONLY ever sell after a MINIMUM 8% up-move which happended at over a 60degrees angle on the chart,
and same for only ever buying after the market has fallen atleast 8%, and that fall has to have been between 60degrees to vertical line fall without any big pullbacks in it.

*2- You dont just make a trade after very 8% fall though, you may want to wait for 10% t 15% fall 1stly before buying...,
the ebst way to know when the move is over or atleast is very weak is by ALWAYS waiting for head n shoulders formations to form.

*3- You HAVE TO make sure that you know what the news or fundamentals behind what caused that move,
so you know how strong it is.



And thats it mate... :) :cool:


You just follow those 3 simple rules i can guaranteed you 2 things-

1. You will make alot fewer trades, and so will be taking less punts/chances at making money.

BUT

2. The few trades per week that you do make will all be VERY VERY SAFE trades, and so will have extremely little risk of ending up in a loss, Instead of making you money.



It will be very very dull and boring doing all that waiting and waiting for hours n hours each day while you watch and wait for the market to overdo itself enough,
But you will be rewarded finanically atleast mate by having extremely few losing trades ever,
and will have the opportunity of making ALOT from the trades you do make if you choose to hold them for long enough instead of just taking the money and running after 60ticks. :)



Good-luck mate
 
we're not escaping the evil clutches of equities today.

>> ok if we're going to break away from equities at all is going to be this last hour on a friday.
 
we've stopped dropping further for an hour and a half now in oil, but the eur/usd has been accelerating its drop. it looks like all the markets made a reversal at 10:30 today though.
 
Status
Not open for further replies.
Back
Top