Quote from infinity:
I am curious what happens if you are wrong, what is your stop lose, how big is it, did you even think about stops, or you just count on being always right 
LOL
My stoplosses range from 24ticks to over 1000ticks somedays when the market suits it at that size!!
For example if i see oil has spiked 16% in 2days straight, its obvious its going tohave to have apullback, in the 50year oil chart theres never been a huge spike that didnt have a pullback!
So if would whack on my sell heavily at the top, but put my stoploss as far away as possible to make sure there was no chance of it getting hit!
Since price is just a rubber band, harder you pull it the harder it snaps back. So notehrs with tight stoplosses would be losing moeny if it had a little 1% - 3% even more rise, id be loving it cos it means pullback snap would be faster n harder + i could add few more sells at better price!
(Been trading day in, day out, for a long long time now, and so i do know how to make money consistently mate)
But other trades when i see market starting to trend down for the day i get in while market is near top of trend, use the minimum stoploss available (24ticks after spread),
and just keep lowering my stoploss the further market falls in my favour.
And thanks jakker.
It was an extremely easy move to see was about to happen though...
Im just so so gutted i didnt get so much more of it though!!
Ahhh well, can go long on oil from its low today atleast
