ES Trading

new_trader

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#17
I may be back later this afternoon, if not, I will be watching the market without posting live commentary. Just remember this:- Everything, Yes, EVERYTHING is known in advance!
 

new_trader

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#18
I notice someone has started a live ES calls thread. Good on him/her. Today isn't a day to trade for me, unless it starts acting right for me. But in any case, the trade to make would be a long around 1250.00 for a move into the low to mid 1250's...probably 1253 to 1255. Market currently @ 1250.00
If my figuring is correct, this market is ready to advance into new territory which should be the mid to high 1260's perhaps by market close on Monday. Naturally I will be keeping a close eye to confirm.
 

new_trader

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#19
If my figuring is correct, this market is ready to advance into new territory which should be the mid to high 1260's perhaps by market close on Monday. Naturally I will be keeping a close eye to confirm.
My figuring is 100% correct. 1267.00 hit around 14:48

Market now@ 1270.00
 

new_trader

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#20
If my figuring is correct, this market is ready to advance into new territory which should be the mid to high 1260's perhaps by market close on Monday. Naturally I will be keeping a close eye to confirm.
Market closed @ 1265.25

Those who know, know and those who don't, start idiotic threads!
 

new_trader

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#21
Trading Update

I may be back later this afternoon, if not, I will be watching the market without posting live commentary. Just remember this:- Everything, Yes, EVERYTHING is known in advance!
Using the principles and techniques I have written about in my journal I was confident enough in my market reading skills to expand my trading into other areas like commodities. I started with small positions (much more than 10p/point though!!) and took a longer term view to prove that my methodology is 100% robust regardless of time horizon. Although I didn’t record the trades here I thought I would give a brief summary.

-Palladium +44% -I regret selling
-Wheat +34% in approx 4 months
-Livestock (break even)
-Silver +67% Approx to date and still holding. Positions were opened with derivates and then rolled over into a physical ETF.
-Gold – Long term although most positions are in profit it is a long term accumulate.

This is all in addition to my longer term investment portfolio which in the last 12 months has outperformed the main indices. These successes have allowed me to have a much more relaxed approach to my trading and the necessary patience and discipline to trade only the most highly profitable and probable indications. I am only interested in being right, at the right time, and making as much money as I can when I am right. I am currently long US$140/point in a trade and hope to build a larger stake before it makes its move. My time horizon on this trade is 6-12 months which makes it more like an investment than a trade.

I continue to trade the ES contract short term as well :)
 
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new_trader

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Jan 1, 2006
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#22
Re: Trading Update

Using the principles and techniques I have written about in my journal I was confident enough in my market reading skills to expand my trading into other areas like commodities. I started with small positions (much more than 10p/point though!!) and took a longer term view to prove that my methodology is 100% robust regardless of time horizon. Although I didn’t record the trades here I thought I would give a brief summary.

-Palladium +100% -Doubled money in approx 6 months and I regret selling
-Wheat +66% in approx 4 months
-Livestock (break even)
-Silver +67% Approx to date and still holding. Positions were opened with derivates and then rolled over into a physical ETF.
-Gold – Long term although most positions are in profit it is a long term accumulate.

This is all in addition to my longer term investment portfolio which in the last 12 months has outperformed the main indices. These successes have allowed me to have a much more relaxed approach to my trading and the necessary patience and discipline to trade only the most highly profitable and probable indications. I am only interested in being right, at the right time, and making as much money as I can when I am right. I am currently long US$140/point in a trade and hope to build a larger stake before it makes its move. My time horizon on this trade is 6-12 months which makes it more like an investment than a trade.

I continue to trade the ES contract short term as well :)
Correction! :eek:

Wheat was only +34% and Palladium was only +44%. Looking at where they are today I realise that I had figured correctly and should have held onto those positions. The error in % originally quoted was as a result of how I recorded the trades at the time. Since I was 'testing' my methodology I closed the trades when they were in profit but kept the original target to see if I was right.
 
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new_trader

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#27
Target hit! +100% on aggregate Silver position.
Details:

Position 1) Buy@15.06, +157.48%
Position 2) Buy@17.96, +115.84%
Position 3) Buy@20.81, +86.27%
Position 4) Buy@24.02, +61.41%
--------------------------------------
Aggregate 19.35, +100.36%
 

new_trader

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Jan 1, 2006
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#28
Details:

Position 1) Buy@15.06, +157.48%
Position 2) Buy@17.96, +115.84%
Position 3) Buy@20.81, +86.27%
Position 4) Buy@24.02, +61.41%
--------------------------------------
Aggregate 19.35, +100.36%
I should mention that although my target has been hit I am keeping these positions open. I expect silver to break above its previous all time high of around $US48.70/oz when the Hunt brothers attempted to corner the market.
 

new_trader

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#29
Exited 50% of position: Zenergy Power Plc [ZEN:LSE]
Position opened : 25/03/2011 Long @ 14
50% Exited @ 18.25, +30%

Target for final 50% = 21
Stop @ 15