Hi, Im new here and have been follwing teh journal. I now see that you dont have to be some technical wizard to make money from the market. I am in the process of openeing up an a/c with abnamro and am gonna trade spanish89 style!! Gonna put in about £1200 in a minute. Will probably post in this journal, maybe. Short oil!!!
making nearly £100 already )) P.S - I feel guilty steealing you thread spanish, so ill calm down my posting. Just exited. Not used to making so much money so quickly! :
Its ok mate, im fine for you to post here. And m glad you like my style of trading. lol You do need to take some losses somtimes though, as i took a few today at extremely good levels as i saw oil was gna rocket. And if your doing £3 tick you should be able to make a few hundred per day. However maybe thats too high from a 2k account, as you may wnat a wider stoploss. Goodluck though. Ive been fuked out all day cos missed that £500+ cash in from lastnights trade, traded shit all day as was so tired and so so made some extremely stupid trades, so was only £30 up, and then feel asleep and got stuck in an extremely dangeros trade!! :eek: Short from 97.85. Wasn't an unlucky trade, was just stupid and foolish by me, as i wasnt thinking right all dya and was just floating in and out of trades instead of waiting.
Its not been a good day for selling at all, even though dollar been so fking strong. But so if u in sell sthat just means its stime to tunr them to swing trades, as we should be seeing mid - low 90s by end of the week hopefully.
Yep. Oils only gna go 1direction..., down. At the moment theres so much nonsense that investors use to start buying rallies, its extremely complicated to call the top, especially with this new bailout gna be coming its hard to workout if its priced in already, so when it does come, and passes, then oil will fall cos ''doubts that it will save economy'' will come. Those were already headlines before yesterdays even got voted on.. LOL I sold £2 tick now from 100.51. So now have averaged myself and have 4 sells, although 1set has big loss as they from just under 98. And cos i barely have 4k capital my s/l isnt as high up now as i would like it to be, (with this new sell ive gone from it at $117 to 109 area on both). uid=8E45CB194B16D183&locale=en_GB&key=43fb4db8934bb7799b8c248eb5429f04&epic=EN.D.CL.Month1.IP&timezoneOffset=0&webSiteId=igi Go that chart, 1hour, and zoom out till max though mate.. and then look at the angle and speped of rise, and you can smell the pullback!! What have we rised on exactly?? what fundamentals?? NONE. Its just cos they think the enxt plan will coem soon + get assed + save world, and we gone from 94 to 100+ , so huge $6 rise on that??? Too fast, too steep, gna pullback. and look at the dollar vs all majour pairs!!
Ooooh if you traded my call you would have made 100ticks (£300). I was stupid, tried to be swing trader not scalper, and so instead cashing in for £200 i left it and its back to loss now. Im getting fedup with the market this week, as all this nonsense and wishful thinking by buys pisses me off! So ive left it at 4 sells, target level set at 96.32 When it hits itl be £1,100 profit. But cos my limited capital i can only put my stoplosses at 107.26 and 109.32. :eek: So its very scary,e specially if this stuid bailout caused s anotehr big rally! And the dollar + eonomy weakness gets ignored.