Newbie ES

[Mandelsnotset]

Quote from Nicktan:

hi,

I am new in options on futures. Last week I did a trade on ES as follows-

Sold 1 naked 1200 put for 2.25pts with 5 days to expiry. Enclosed is the statement of acct. I do understanding the details except for the margins req. Looking at the acct bal, how do i know when there be a margin call coming?

BEGINNING ACCT BALANCE 5,031.79
OPTION PREMIUM 112.50
NET PROFIT/LOSS FROM TRADES 102.50
ENDING ACCT BALANCE 5,134.29


TOTAL EQUITY 5,134.29
OPTIONS MARKET VALUE 300.00-
ACCT VALUE AT MARKET 4,834.29


INITIAL MARGIN REQUIREMENT 2,590.00
MAINTENANCE MARGIN REQUIREMENT 2,132.00

I'm not really certain Nick, but I use Interactive Brokers and if you don't have enought money to trade the trade just won't go thru.

If you go to their site they have all the margin requirements per contract. It also changes at nite (after US market close). Best thing to do would be to call or e-mail the broker and get it from the horse's mouth so to speak.

Hope this helps a little.

-Mandel

 

[Mandelsnotset]

Long from open so far so good
<a href=http://www.freeimagehosting.net/><img src=http://img2.freeimagehosting.net/uploads/baa26affc2.png border=0 alt="Free Image Hosting"></a>

 

[gtketum]

mandlesnotset, what platform do you use for charting and are those custom indicators on the range bars?
thanks

 

[Mandelsnotset]

Quote from gtketum:

mandlesnotset, what platform do you use for charting and are those custom indicators on the range bars?
thanks

I use Quotetracker with IB for feed. the indicators are custom made "paintbars".

 

[Charly]

Quote from Mandelsnotset:

Went live (real money) trading 2 contracts on the ES this week using a new system I developed, using the 34 ema and the 30 lsma and a decimal deviation. I made over 70 points with 3 stop outs.

I may change to slightly longer term as I'm using range bar candlesticks (2.0 setting) and see if I can control the stops better.



<a href=http://www.freeimagehosting.net/><img src=http://img2.freeimagehosting.net/uploads/e530736280.png border=0 alt="Free Image Hosting"></a>

Happy Easter to all.

##############################################

Does anybody know what this indicator's formula looks like???????

Mandel + GT are no longer available for
questions/help/whatever.

PM me if you prefer.

Thanks.
Charly

 

[GermanTrader]

Quote from Mandelsnotset:

I use Quotetracker with IB for feed. the indicators are custom made "paintbars".

Excellent. That is my charting setup as well.

 

[Charly]

Does anybody else (still)use these setups as presented by Mandel and Gohs?

Unfortunately this thread has dried out very quickly.

Charly