3.5 point. All longs. Traded 5 contracts first time. Still short 1 ES and 1 NQ now.
Tag Archives: Es
ES
7.75 point. All longs. Traded 4 contracts. ES bounced back from 50MA. It’s hard to tell whether or not it will resume uptrend. It depends on the strength of this bounce and follow through next day.
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 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.
ES
1 point last night. However, it was down 8 point due to the stop order problem. ES went through the stop (1044) without triggering it.