5% - 10% profit per day trading

i'm going to try to get in some longs today, buy on dips. with the dollar in the crapper, it looks bullish for oil.

edit: ok didn't stick to the plan and got in some quick scalps short at the 52.20 level. looks like we're forming a triangle/pennant (never was sure about terminology) at that level, and about to break out

 

this doenst look very strong anymore mate, i just want a final upspike for a bit of squeeze play, that i cna then attack into.

will need end of teh day for any decent movement though i think.

 

although ur right we do have a triangle here, and i hate them... lol

as i now just gta hope this spikes up not down when it breaks out.


if its down i duno how much want to momentum trade it :/

 

k im gna go get 2 hours sleep.

as there wont be movement till close.


sell order set at 53.68

 

long 51.30
stop 51.05
target 51.70

edit: closed out on that upspike at 51.51 (i never wait for my targets, wth)

 

short 51.70
stop 51.90
target 51.40

 

anyone doing any trading today?

short 52.14
stop 52.30
target 52.80... or any major dip

 

Finished with oil for the day as per my ealier posts, but ive made a friggin killing on the US markets today. nearly as good as yesterday! Fantastic two days in a row.

 

It is hard to hold 52.50 level for MAY oil TODAY , so i am shorting from those levels and closing at lows

 

im gna sell the close in abit around 52.36 if i cna get it