February mid-month Performance

Wednesday, February 15, 2006

Fed Chairman Bernanke spoke for the first time today and the market liked what it heard, adding to Tuesdays gains. It has been a somewhat difficult month for trading the S&P emini. Did you happen to notice last weeks action? On Thursday we saw the Advance/Decline line sitting at +1200 issues on the NYSE,the market sold off and erased this figure. On Friday we saw the Advance/Decline line sitting at -1200 issues on the NYSE the market rallied and the A/D line turned positive. Highly unusual trading. This type of market behavior does not bode well for mechanical trading systems. However, we realize these unusual trading periods do not last long. You stick with what you know regardless of conditions. You do all of this and guess what happens? You gain 14 points on the S&P emini and thats exactly what we did today! Thats right, 3 trades that gained 14 points! Trade #1: Buy @1275.75 = 7 points Trade #2: Sell @1282.75 = 4.75 points Trade #3: Buy @1280 = 2.25 points Can you see the Zig Zag pattern? If not, let us show you how because its one of the few market patterns that repeat itself and we are the best and getting into and out of these situations. So, for the first half of February its not all-good. We are still negative by 3.75 points on the S&P emini. We are not concerned one bit. We are confident by the end of the month we will have another stellar number to post. If any readers are interested in automating our S&P emini trades using TradeStation software please send us an email for details. Its quite simple, once you subscribe to our service we help you setup TradeStation for 100% automation of our S&P emini alerts and if you choose, the Russell emini. That means you could have turned TradeStation on this morning, walked away and returned to see 14 points of profit. Now we know a lot of people out there do not want to deal with TradeStation. It seems they received a bad rap a few years ago. It has only been in the past year that we began using TradeStation. It is by far the easiest software we have used and most reliable. We got tired of all the lag time from the charting system we used for over 5 years. Some are turned off by the price of the software. Well now they waive the software fee if you trade 10 round turn emini contracts each month. Anyone reading this far trades much more than that we are sure. It is a win-win situation. Strategy automation is one of the simplest tasks to perform. In TradeStation you right-click on a 5 minute chart and select the proper strategy to import and bingo, it embeds itself onto the chart and immediately shows you actual trades on the charts. There use to be a common assumption that using TradeStation software was difficult. Those days are gone. They are one of the simplest to use, if not the simplest, trading software packages available. We have no connection with TradeStation but love their software as the capabilities are endless. Happy Trading

posted by OEX : 3:35 PM