ES
Posted by btr Wed, 12 Nov 2003 23:43:33 GMT
All indexes were up today. However, the volume was average. Tonight, I'm setting a short setup @1059.25 with target @1058.25 and stop @1061 above today's high. Let's see how it works later.| stablevalue.com a blog on stock market and things of interest |
Posted by btr Wed, 12 Nov 2003 23:43:33 GMT
All indexes were up today. However, the volume was average. Tonight, I'm setting a short setup @1059.25 with target @1058.25 and stop @1061 above today's high. Let's see how it works later.Posted by btr Wed, 12 Nov 2003 03:49:54 GMT
1 point tonight. Two shorts: 1046.75 and 1046.5. Covered them at 1046.25 and 1046. The stop was set at 1048.5 way above recent high 1047.It's been profitable on ES front although scalping is just picking the pennies. I may venture into swing trade over a few days or a week horizon. What would be the target and stop for swing trade? I guess I would risk no more than 1-2% of the capital on each trade. The setups will be two: trend following using SMA 5 and 20, and Bollinger Bands/Slow Stochastic. I'm using the same setup trading other stocks and options.
Bot SUNW Jan04 at 4.05, rolling over Nov contracts to Jan.
Other than a long position on SUNW, almost 100% is in cash right now.
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