We are waiting to read the latest FOMC Minutes tomorrow and anticipate another gyration.
Category Archives: Trading
Start trading CL
CL contract is priced in decimal, which moves pretty fast on a phone screen!
Raising Cash After Multi-Year High
Both S&P and Dow Jones Industries reached the highs seen since 2007. It is time to sell some positions and have some cash as the market usually doesn’t go up like this in straight line.
Automated Trading System
The ES scalping is going great. I’m thinking about automating it with a system.
Trading ES
I used to set up SMA 5/10/20 with Stochastic Slow and Volume on the candlestick charts. Since last Nov in 2012, my setup has been just simple candlestick chart with volume. No average or any other technical indicators.
The order type I use most often is Buy/Sell w/Target order. I don’t usually use stop. When the market is too volatile, I then use Bracket order to have both target and stop set up.
I use Book Trader in mobileTWS. It would be perfect if it can support charting with real-time streaming quotes. Right now, I have to manually force chart refreshing by changing bar size back and forth!