3.5 point. 2 point on short and 1.5 on long. 1042 was the session’s low.
Category Archives: ES
ES
-8.5 point. Traded 4 contracts the first time. Stopped out at 1043.75. It then bounced back to the entry point. Shorted @ 1044.5 – 1045. target 1044.25, a tick above the session’s support area. Stop set at 1050 Friday’s close. Will review it in the morning before the market open.
In the begining of the Monday session, the short was covered at the target 1044.25. – 4.5 point now.
YM -41 @ 9712, ND -8.5 @ 1041 and ES -4.5 @ 1044.5. Will short @ 1045 again.
ES
1.25 point. Two shorts at 1057.25 and 1057.5. Covered both at 1056.75 before GLOBEX nightly shutdown. Original targets were set at 1056.5 and 1056.25, but it’s not worth of uncertainty leaving the short position over next session. Session low was 1056.25. There were fills at 1056.5 at this writing, but my order was not at the head of the queue anyway.
ES
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.
ES
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.