Kamis, 18 Februari 2010

Why Trade the eMini S&P

People choose different futures to trade for different reasons. Traders choose a market to trade because they believe they will make more money trading that market than any other.

I think I have said that I have traded just about all the futures and FX markets over the years including Beans and Bellies. I have traded the cash, metals and stocks. I now mainly trade the DowEuro50 and the eMini S&P because of the above reason. These markets have large volumes = liquidity and open interest. They are hard to manipulate (note I said hard, not impossible) and a single trader has less effect in these markets than in most others.

In addition, the eMini is really smoooooth. If you look at the CVD of the chart below you can se that you can almost trade the market off the CVD. Add the EMAs and you really need nothing else. The CCIs are probably overkills until you trade some of the other markets when that momentum information is even more valuable.

Today's Trades. Putting in the P&L has been a real pain but I have been getting so many requests to put it back into the blog. I have decided that for the time being, I will mark the entries and exits on the chart as it was when we first started and put in a total points made or lost on the trade. This is a balance between providing the information a lot of people want and making the best use of my time. Each result will be based on a 3 contract entry, as before.



Each Trade is 3 Contracts Exit Types
Date 18-Feb-10
Trade # Points W/L
Trade 1 6.00 All Out
Trade 2 9.00 All Out @ Yesterday's extreme
Trade 3 0.00 whataMistaka2maka
Trade 4 2.50 Scale + Reversal Exit
Trade 5 10.50 Scale+KC+1.272
Trade 6
Trade 7
TOTAL 28.00 $1340




























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