Emini S&P trades

Discussion in 'Index Futures' started by Thundershock, Jun 15, 2008.

  1. grrr it is getting a bit too overbought for my liking so I may have to hold off on this one unless it comes back down to like 1360 or lower on ES8M
    #11     Jun 16, 2008
  2. as long as it doesn't break 1356.
    #12     Jun 16, 2008
  3. Long at 1356.25 Will exit position at 1358 or 1353 since it closed at 1356 at 12:45
    #13     Jun 16, 2008
  4. Out at 1358 for a 1.75 point gain.
    #14     Jun 16, 2008
  5. going long here at 13:30
    #15     Jun 16, 2008
  6. Thinkorswim offers a free simulator, no account needed.
    #16     Jun 16, 2008
  7. The ESU8 never made it that low at that time. Are you trading the M (June) contract? The Sep (U) contract became the front month contract (largest volume) last Thursday.
    #17     Jun 16, 2008
  8. If he's making that call, yeah, he was looking at the "M, (June)" ES contract, not the current quarter.
    #18     Jun 16, 2008
  9. the general rule is cut your losses short and hang on to your winners. You are doing the opposite.
    #19     Jun 16, 2008
  10. Thanks for the advice. I was trading the June contract. Took a small loss today )-1.25 points) after getting stopped out on the last trade. Was really tempted to take a small gain on the last trade since the market was going back and forth for a few hours in the afternoon but didn't. For the specific strategy I'm doing, after much research I decided on the 2 and -3 limits because it seemed to work best. For example, on the 12:45 trade, if I had let that run I would have been faced with a difficult situation from 1:15-1:30 when it plummeted at one point -3.5 points. I also figure it's better to take more small profits for gains than a few big gains with more losses. Time will tell the best thing to do is.
    #20     Jun 16, 2008