Thursday, November 02, 2006

27th October 06 - S&P E-mini SELL 1391.00

A SELL call generated by the system on 27th October for S&P E-mini:

SELL Entry: 1,391.00
Target: 1,386.00
Stop: 1,396.00

Result of the trade is a breakeven at 1,390.75.
Posted by at

3 comments:

Anonymous said...

If I did not see wrongly, you entered a short postion prior to the market open. If yes, is it risky? especially when there are key news release on the same day.

12:43 AM
tradetowin said...

Dear anonymous, tat's a great qn that even some of my fellow traders ask me over and over again.

Yes, the short position is entered prior to the announcement of GDP at 0830 ET.

Any position we initiate carries risk. Yes, the market might be more volatile after the key figures announcement, however my risk still is the same 5pts stop.

With the stop is placed, the trade is good to go since the signals have indicated that the big boys are already selling ahead.

Hope I have answered ur qn, ya?

1:50 PM
Anonymous said...

Yes U have thanks

I would prefer to enter position after the dust has settled.

4:12 PM

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