5% - 10% profit per day trading

so this MAY oil contract expiry is on April 21 which is Tuesday , for some reason I was thinking the expiry is today.
can you guys pls. confirm

 

expiry is tuesday... but i'd expect most people to treat today as expiry and switch over by next week, right?

 

yes for most of the traders ..

today volume sofar 46k MAY , 65k JUNE

 

I missed another good long entry 50.20 , I had limit and removed while dropping
for some how I am playing too defensive today . Continuous profit for 1 week, seems with more profit we get more defensive

 

entered long at 5040 , but it seems this will see 5000 soon , then retrace
what's your take

 

hi guys,
I posted a note for Market profile software on 'ES journal' at this link.

http://www.elitetrader.com/vb/showthread.php?s=&postid=2391386#post2391386

@Usman it seems you are using one of it , appreciate if you can share your experiences and recommendation

Market profile software:
-----------------------------

I am researching for good Market profile software , looking at these.

I am ok to pay high $ for good software as we all know one good trade cover the price .

highly appreciate if you can share your experiences with Market profile software and your recommendations

1) http://www.windotrader.com/Subscrip...93/Default.aspx
$285/month

2) http://www.sirtrade.com/market.htm
- price: 400 € yearly for TradeSation

3) http://fin-alg.com/tpoandvolumechart.html
$249 (one time) - for Ninjatrader
4) http://fin-alg.com/volumefootprint_gallery.html

price: $59/month - for Ninjatrader

5) http://www.1st-tradingtools.com/index.htm
- price: $250 (one time) for TradeSation

 

long 50.40


how does market profile software help? does it show who the big buyers and sellers are? i may need to look into that later down the road.

 

Here is my take today on Oil

equity market are doing good ,tone is positive .
It seems oil is range bound today.

now we are at 50.50 , we will close today around this 50.50 ( +/- 20 cents )
we may see 50.0 for some time , since Friday week end people wanted to close all shorts show buying pressure around 1400 EST.
from 1400 to 1430 MMs will take price to 51.0

I closed my Long for FLAT again,
waiting for 5020 , 5000 range LONG entry

 

Here is good read on TPO and Volume Profile
http://www.sierrachart.com/index.php?l=doc_TPOVolProfileCharts.html


http://www.linnsoft.com/futures/index.htm

 

i'm out as well. i'm tired of the range boundness we've seen for a few weeks now. oil feels bullish today though, so i will buy on a dip.