5min/1h TrendFollowing on ESTX50, SMI, & GBL

KS96 · Aug 29, 2006

Quote from 0008:

How do you decide your stops?

How many points(or %) are you using in trading ESTX and Bund?

I don't use fixed % or points for stops. I set them according to the price & volume patterns.

KS96 · Aug 29, 2006

Weekly summary, week ending on Fri 25/Aug/06:
(Only Thu & Fri included, since I started this journal on Thu)
---------------------------------
ESTX50: +35 pts, 3 RT.
SMI: -23 pts, 3 RT.
GBL: -20 pts, 3 RT.

KS96 · Aug 29, 2006

ESTX50 entered long 1 @ 3817

KS96 · Aug 29, 2006

ESTX50 added 1 more long @ 3811

KS96 · Aug 29, 2006

GBL covered 1 short @ 117.64, +11 pts.
(reducing the overnight risk here)
Still holding 1 short from 117.73

0008 · Aug 29, 2006

Do you limit the maximum amount of captial that you would risk for each trade?

KS96 · Aug 29, 2006

GBL covered short @ 117.69, +4 pts.

KS96 · Aug 29, 2006

ESTX50 exited 1 long @ 3814, -3 pts.
(reducing overnight risk)
Still holding 1 long from 3811.

KS96 · Aug 29, 2006

ESTX50 stopped out @ 3815, +4 pts.

No positions.

KS96 · Aug 29, 2006

Trades closed on Tue 29/Aug/06:
---------------------------------
ESTX50: +18 pts, 5 RTs.
SMI: -7 pts, 1 RT.
GBL: -13 pts, 6 RTs.

No overnight positions.