If you bought at my first signal you could have made 30% return
on capital trading the futures! At $100 / contract * 10 contracts
and a 30 point move = $300($1000 margin).
But as no one has commented on the posts I guese nobody took the
trade.
its a little tougher with UPRO or SPXU because in lighter volume
the spreads can be wider. SSO has tight spreads. Trade 1000
shares and a penny move is ten dollars. Nice thing about using ETFs
is you can scale out, take some profit and leave a runner, without
trading multiple futures contracts.................
No, I watch the cash charts of te Dow & S&P and then
trade on the CFD market. Trade only during the time the US
markets are open and never keep a position over night!
Started trading only one contract at a time until I could
consistendly beat the market and then started trading more
contracts. If you can be succesfull at one contract then 5,10 or
more makes no difference but then you must be dissiplined.
In one of the posts I said my stop is the breaking of the low of
the day. That was after the buy signal (positive divergence on
MACD/ crossed up). That is normally a very reliable signal.
$SPX.pos div on MACD
Posted by kobie on 30th of Dec 2010 at 12:22 pm
Positive div on MACD is normally a very reliable signal. Short term this is a buy signal with my stop the breaking of the low of the day.
There is also what looks like a falling wedge pattern. If you were short on a 5min chart I would at least get out of the short.
Update,ready to breake up?
Posted by kobie on 30th of Dec 2010 at 01:21 pm
Buy signals
Posted by kobie on 30th of Dec 2010 at 01:58 pm
30% return on capital,intraday!!!
Posted by kobie on 30th of Dec 2010 at 02:43 pm
If you bought at my first signal you could have made 30% return on capital trading the futures! At $100 / contract * 10 contracts and a 30 point move = $300($1000 margin).
But as no one has commented on the posts I guese nobody took the trade.
40% return on capital,taking profits.
Posted by kobie on 30th of Dec 2010 at 03:31 pm
Resistance at 200MA
congrats Kobie, I think I'll
Posted by attila on 30th of Dec 2010 at 03:38 pm
congrats Kobie, I think I'll try next week to trade some of yours as well but will take with mini's :-)
...me too but with SPXU
Posted by angelo851 on 30th of Dec 2010 at 03:40 pm
...me too but with SPXU & UPRO.
its a little tougher with
Posted by Michael on 30th of Dec 2010 at 03:52 pm
its a little tougher with UPRO or SPXU because in lighter volume the spreads can be wider. SSO has tight spreads. Trade 1000 shares and a penny move is ten dollars. Nice thing about using ETFs is you can scale out, take some profit and leave a runner, without trading multiple futures contracts.................
Michael,If you trade CFD s(contract for difference the spread is only $2/contract)
Posted by kobie on 30th of Dec 2010 at 03:55 pm
CFDs
Posted by Michael on 30th of Dec 2010 at 04:01 pm
are you trading not in the US market?
Michael
Posted by kobie on 30th of Dec 2010 at 04:07 pm
No, I watch the cash charts of te Dow & S&P and then trade on the CFD market. Trade only during the time the US markets are open and never keep a position over night!
Started trading only one contract at a time until I could consistendly beat the market and then started trading more contracts. If you can be succesfull at one contract then 5,10 or more makes no difference but then you must be dissiplined.
Nah, keep posting Kobie. I
Posted by cw12 on 30th of Dec 2010 at 03:08 pm
Nah, keep posting Kobie. I think it saves Matt and Steve the time to post the 5 min charts.
Well done kobie - I
Posted by steve on 30th of Dec 2010 at 02:47 pm
Well done kobie - I have been in and out today.
thnx, thought I wasted my
Posted by kobie on 30th of Dec 2010 at 02:51 pm
5 min SPX chart
Posted by Michael on 30th of Dec 2010 at 03:02 pm
kobie - how many ticks was your initial stop?
Michael
Posted by kobie on 30th of Dec 2010 at 03:18 pm
In one of the posts I said my stop is the breaking of the low of the day. That was after the buy signal (positive divergence on MACD/ crossed up). That is normally a very reliable signal.
I was away from the
Posted by angelo851 on 30th of Dec 2010 at 02:45 pm
I was away from the computer. Missed it. Please continue to post great setups. Thanks.
i thought about it...lol
Posted by law6 on 30th of Dec 2010 at 02:44 pm