Tuesday 24 May 2011

E-mini sp500 Tuesday morning call 24 May

A daily uptrend seems to have held, with the line coming in at 1311.60. This coupled with less euro debt fears points me to look for longs today.

On the open a 60 minute trendline comes in at 1317.50, look to this as a point of reference and run where possible.

Saturday 14 May 2011

Re-enter

After a break, ill be trading from monday - research note to come on days trading thoughts

Tuesday 11 January 2011

Recap of previous day (Jan 11)
After a disappointing previous day, I started day wanting to only execute a few trades. Some great initial trades gave a huge profit early on – although the AUD trade could’ve been run further as I had 2 lots on and it kepts selling off. The Euro also dropt but not as much.

I continued to do a few trades and made more ticks but then gave half of my max days P&L back – woke up in AM and did one small ES trade which went well. Overall a successful day but could’ve been less loose once profits were made. Did well to step away at right times. Overall up around 100 pips. Mainly in AUD.

Daily Note for upcoming day (Jan12)

Euro futures
-Daily bias = short
-Pivot points = 13084 / 75, 12990, 12940
-Comments – Big fundamental news with Japan going to buy Euro bonds, although didn’t pop very much during day after this

AUD futures
Daily bias = short
Pivot points = 9824, 9809, 9725
Shorts let run

E-Mini S&P500 futures
Daily bias = long, after daily downtrend broken
Pivot points = 1272 (daily downtrend), 1262.50 (Market Profile), 1250.50 (MP)
Comments – daily downtrend broken, look for longs

Sunday 9 January 2011

Daily note Jan10

Jan 10

Euro futures

Daily bias = short.
Pivot points = 129.29, 129.44 (both fib worked out after low for day established)
Has broken major 50% retracement levels, look to run shorts when in a good trade otherwise selectively put on longs for quick profit. Market has dropped so far some short covering should be expected.

AUD futures

Daily bias = long. 50% retracement held at 98.44 and strong reaction to retail sales.
Pivot points = 98.44, 99.57, 99.97
Look to establish longs. Run where possible.

E-Mini S&P500 futures

Daily bias = short after NFP
Pivot points = 1272 (daily downtrend), 1262.50 (Market Profile), 1250.50 (MP)

Friday 7 January 2011

Launch Day

First day of live trading, with CQG trial setup for charts and Bloomberg 60 day free access organised

Traded well, followed plan and ended up for the day

Euro / USD

mainly going short, as it looked to break major 50% level from 1.18 to 1.45 uptrend

E-mini S&P500

Strong Market profile shape, daily rejection and ADP data strength gave big downside risk. Was short a 1 lot going in which proved correct. With unemployment going down to 9.4% unexpectedly and this measure being what fed was looking at, then looked to establish longs. These were stopped out for scratch.

End result: Hit profit target - up 737.50, less 77 for costs. 32 euro ticks 5.5 full S&P ticks

Thoughts - tended to look for longs after shorts were exited, couldve stuck with original plan in sp500 and made significantly more

Tuesday 14 December 2010

Demo trading

Short e-mini S&P500 - 3 lot @ 1238.25 (stop at 1239)

Scale out 1 for 0.5 tick
Scale out 1 for 1 tick
......
Stop moved to breakeven for 3rd lot
.......
stop at breakeven taken out

NET P&L = +1.5 ticks