Spanish89- Opportunist Trades (2nd journal)
- Thread starter spanish89
- Start date
I just cashed in the entire trade at 84.91 for £202.50 profit, added to the £44 i made from that 1st trade.
So in total ive managed to bank £246.50 profit today (which im extremely pleased with!)
Im also very very pleased with the timing of my oil trades yesterday and today,
as instead of selling on the 1st side of a head and shoulders formation (or the 1st of a double top formation),
ive waited until all the upwards momentum has finished and then entered my trades right at the last minute before the markets start collapsing!
The 2 reasons why i cashed in this trade here is because its just above the 84.79 support level where it will very likely bounce,
but much more importantly is because the oil numbers come out tomorrow...
And so don't want to be stuck holding this trade through that just incase its a bullish number.
So in total ive managed to bank £246.50 profit today (which im extremely pleased with!)
Im also very very pleased with the timing of my oil trades yesterday and today,
as instead of selling on the 1st side of a head and shoulders formation (or the 1st of a double top formation),
ive waited until all the upwards momentum has finished and then entered my trades right at the last minute before the markets start collapsing!
The 2 reasons why i cashed in this trade here is because its just above the 84.79 support level where it will very likely bounce,
but much more importantly is because the oil numbers come out tomorrow...
And so don't want to be stuck holding this trade through that just incase its a bullish number.
Ive just short-sold Aud/Cad at 1.0336.
My stoploss is at 1.0590 (so about 60pips above the highest level in last 4years),
target order is set at 1.0124 (just above 1st major support level).
Ive attached a chart of this market to show why ive made the trade.
And i also checked my profit log and saw i also made £50.50 profit this morning on a coffee buy scalp..
So total profit for the day was £297!!
My stoploss is at 1.0590 (so about 60pips above the highest level in last 4years),
target order is set at 1.0124 (just above 1st major support level).
Ive attached a chart of this market to show why ive made the trade.
And i also checked my profit log and saw i also made £50.50 profit this morning on a coffee buy scalp..
So total profit for the day was £297!!
I dont know what the fuck just happend in the Coffee market,
but the market rocketed up about 2% in just 45seconds!!
Id moved my target order level to 235.26 as that was just below very strong resistance,
and the market jolted from 228 upto 235.48 as its higest peak in that upwards movement,
so clearing my target order before dipping again now.
I only just logged into my trading account and saw this, have just added up and i managed to dump the trade for a loss of just £784.
And so very very pleased with my exit on this trade since last week this market was trying to totally crucify my account!
The market has risen up from 219 at its lowest last week to now being at 234 after this vertical spike,
and so i am expecting to see this drop back to the 226 level and float there for abit once Dow falls 250-300points.
I will potentially buy coffee again at around 216-223,
but for now im putting all my focus on this Aud/Cad sell which i can now attack alot harder since ive freed up nearly £1,000 of margin required capital!
but the market rocketed up about 2% in just 45seconds!!
Id moved my target order level to 235.26 as that was just below very strong resistance,
and the market jolted from 228 upto 235.48 as its higest peak in that upwards movement,
so clearing my target order before dipping again now.
I only just logged into my trading account and saw this, have just added up and i managed to dump the trade for a loss of just £784.
And so very very pleased with my exit on this trade since last week this market was trying to totally crucify my account!
The market has risen up from 219 at its lowest last week to now being at 234 after this vertical spike,
and so i am expecting to see this drop back to the 226 level and float there for abit once Dow falls 250-300points.
I will potentially buy coffee again at around 216-223,
but for now im putting all my focus on this Aud/Cad sell which i can now attack alot harder since ive freed up nearly £1,000 of margin required capital!
Im going to sleep now but have just placed a sell order to sell oil if it rises to 87.40 (its currently at 87.35),
and this sell order has a pre-set target order at 86.31.
Is only a £1 per tick trade, as im focusing more on my Aud/Cad short trade currently,
but will e a nice £100 extra cash in my wallet if this trade goes through correctly.
and this sell order has a pre-set target order at 86.31.
Is only a £1 per tick trade, as im focusing more on my Aud/Cad short trade currently,
but will e a nice £100 extra cash in my wallet if this trade goes through correctly.
Quote from spanish89:
I just scrapped that oil sell order as sadly oil has already dropped down to 86.99,
so i missed my entry by a few ticks...
Ive just sold the German Dax at 6026.5 though, target set at 5897,
would like (and am very strongly expecting) that level to be hit today or tomorrow.
It turns out that this was an excellent move by me to sell Dax not Oil,
as the loewst oil touched was 86.95, then rose to over $88 overnight, before now floating in the low 87s...
I just cashed in my Dax short at 5935 for £126 profit though!
I had wanted 5898, however the German market dropped 80points in a vertical line in seconds basically,
and so i dont fancy holding the trade whilst the market bounces just to then hope it drops another 40points lower then.
But so am very happy with that £126 profit,
and im now going to be looking to sell the Ibex potentially.
Ive just short-sold the Spanish Ibex (as it was up 0.66% on the day whilst Cac, Dax are both down, and Greek is down nearly 4% on the day!)
I sold Ibex at 9045, target set at 8926,
so basically just need it to move downwards 1.3% (simply be down 0.7% on the day at some point) and il get paid for this trade...
I sold Ibex at 9045, target set at 8926,
so basically just need it to move downwards 1.3% (simply be down 0.7% on the day at some point) and il get paid for this trade...