Search results

Summary for Thurs 07/15/2010: S 1083 s/o @ 1086 -3/contract Total -9 points Just 1 challenge account trade today. This trade did go in our favor as much as 3.75 points, but the target was larger. Smiles

No challenge account trades today. We will start to trade the challenge account tomorrow. Smiles

Creekboy, Thanks for the encouragement. Yes, no need to be concerned with naysayers. The track record speaks for itself. Smiles

Creekboy and Scorpiano, I'm glad that you enjoyed the live session. If there is another session, we will consider using a different platform to help with voice clarity issues. Thanks for the feedback, Smiles

There were no challenge trades today. I had a computer issue early in the morning that prevented me from taking advantage of the buy area that I had for the challenge account. Smiles

Daily Summary for Monday 07/12/2010: S 1075.75 cover 2 @ 1073.75 +2/contract cover 1 @ 1071 +4.75 total +8.75 L 1074.50 move stop and s/o @ 1072 -2.50/contract total -7.50 The true stop on the 74.50 long was 1069.50, which was not hit, but we had moved the stop up to 1072. The HOD...

Just wanted to throw in a recap since the start of this journal. The account started with $3K and is currently over $9K. This is tripling the account in 4 weeks time. For a spreadsheet listing all the trades taken, please see...

This week saw a relatively limited amount of trades, but proved to be a decent week for the account. Daily summary: Monday was a holiday, so no trading. Tuesday, no trades were taken. Wed +7.5 points trading 3 contracts (+2.5points/contract) Thurs 21.50 points trading 3 contracts...

Daily Summary for Fri 07/09/2010 SHORT 1067 exited @ b/e LONG 1068.25 exited all 3 @ 1072.50 +4.25/contract total +12.75 Total for the day +12.75 trading 3 contracts (+4.25/contract) The first trade went as much as +2.25 points in our favor, but due to the limited contract size...

I'm leaving for the day. I have my stops in on the last long. I will post a summary after market close. Since there has been interest in people participating in a live trading room, I have decided to go ahead with the live calls room for Monday July 12th. The information is copied below...

Daily Summary for Thurs 07/08/2010: LONG @ 1055.50 2 exited @ 1058.50 +3/contract 1 exited @ 1055.50 b/e Total +6 LONG @ 1054.75 2 exited @ 1058 +3.25/contract 1 exited @ 1063.75 +9 Total +15.5 Total on the day +21.50 points trading 3 contracts (7.17 points/contract) A very nice day...

Recap for Wed 07/07/2010 started trading 3 contracts LONG 1020, flat @ 1020.50 +.5/contract total +1.5 SHORT 1020.50, s/o @ 1022.50 -2/contract total -6 LONG 1023 exit 2 contracts @ 1031+8/contract exit 1 @ 1036.50 +13.50 added on 2 contracts @ 1040 exit @ 1036.50 -3.5/contract total +22.5...

No trades today: For today, there were not trades for the challenge, as we missed the setup on sunday night. There will be no trades for the rest of the day either. We will let the dust settle from the long weekend and get back in tonight. Smiles

Perr, The crossover is a proprietary indicator that I created. Here is a post about it: All the technical indicators that the majority of traders use are lagging, I personally prefer like to use something that tends to lead price. However, I did not find anything that lead price, so I...

To help other traders get a better idea of how I trade, I would like to organize a free live calls day. The day will include live trading calls, discussion of the different setups that I use, and Q&A. The plan is for next Monday July 12th from 8:00 AM EST to 4:15 PM EST. I would like to get...

Weekly Summary for 06/25/2010 to 07/02/2010 For the week there was a gain of 26.5 points trading 2 contracts, which is 13.25 points/contract. The account saw a major jump on wednesday 06/30/2010, and came really close to moving to the next contract level. The account was stuck in a rut...

Daily Summary for Friday 07/02/2010 Just 1 trade today: L 1017.50 s/o @ 1014 -3.5/contract total -7 points trading 2 contracts This trade just barely hit the moved stop and then moved up considerably.

LEAPup, 99.99% of the indicators are lagging, they each have a different function, and they typically do well to serve that purpose. however they are grossly misunderstood, and people start using them as trigger points. There is no magic wand that will tell you to "buy or sell", IF you choose...

Cheese, Not sure what you mean by "As you have outlined what you are doing, from that you will not make your fortune" The average daily range ("daily gyrations, open to close") are not the limits of points available. Take today as an example. Today the ES open @ 1026.25 and close @...

Ghost of Cutten, Many new/inexperienced traders come into trading and a forum like this expecting to make enormous returns. They see all sorts of potential in the futures market. As anyone who has been trading for long knows, most new traders do not succeed in their trading endeavors. I am...