No S&P shorts will be taken until after 20th June due to contract expiry dates. Current positions are now 100% Long S&P and will remain that way for the time being and not before 20th June. Trading will be Long only in this market.
Ftse is around 70% Short with some hedged in Longs for cover against risk, trading this market will remain discretionary for the week ahead.

All trades are listed below for week 26-05-08 to 1-06-08.

Summary:

...

Lee Shepherd

System lost 15,080 this week (pos sized) and we are currently experiencing a 25.74% Drawdown.

Worst week by far and cruel in that we suffered 5 day losses in a row.
It can get worse ( historically the worst run was 9 days) but it is fairly unusual.
The kind of week where you just wish you had played more golf and left the screens!

Looking at the positives - the last 3 losing days we only had 3 contracts on and not four - hence reducing our losses....

rdstagg

May 30

Ym -150
EMD
ER2 60
DAX -300
ESTX -70
SMI 15

Net -445 / -1,335

Well let's look on the positive side - the week is over. Awful week with a complete run of losers.
Today was more of the same - nick and runs everywhere. Being caught in by horrible hammer candle bars (Dax) and high ticks and all sorts.

Even when we got runs (eg the SMI and EMD) we got taken out by our protective breakeven + ...

rdstagg

May 29

Ym 5+
EMD 10
er2 -100
Dax -575
ESTX 5
smi -290

Net -945 / -2,835

Dax was a horrible nick and run and caused the damage today.
EMD was a good signal but my other system interfered incorrectly today and got me out.
With no re entry order we missed a nice move there.
All in all a very frustrating day.

rdstagg

May 28
Ym -355
EMD No trade
ER" -100
DAX -575
ESTX 5
SMI -290

Net (1,315 )/ (5,260).

Lets talk about the negative first.
I got taken out of a great trade in the Dax. Just brought the stop in too close too early.
I have played with the idea of waiting for a Close beyond/at my stop rather than a high or a low and in this instance it would have made us a significant amount of money but on the whole I found it...

rdstagg