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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.

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ES

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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ES

Posted by btr Wed, 12 Nov 2003 00:38:34 GMT

1 point last night. However, it was down 8 point due to the stop order problem. ES went through the stop (1044) without triggering it.

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ES

Posted by btr Mon, 10 Nov 2003 01:10:03 GMT

+ 1.5 point tonight. Two longs and one short, all in less than 5 minutes. A few large orders (5 to 10) came in and cleared all the way to the short setup I had at 1050.75. Then it came down quickly to 1050.

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ES

Posted by btr Tue, 28 Oct 2003 02:24:00 GMT

1.25 point last night. 1 point today. Mostly it's done by auto-pilot, that is, the order was set up and run its course (stopped out or hit the target). No monitoring and no emotion either.

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