ES Trading - 6 Jul to 9 Jul 2009

Dear fellow traders :

Simulated trades from looking at price action & patterns. Focused on market time between 9.30am to 11.00am EST. Taken note of whether there were major economic news reported.

6 Jul 09 (Mon) - Profit = $125.00



7 Jul 09 (Tue) - Loss = -$200.00
Note : not trading well when I encountered whip-saw price action.



9 Jul 09 (Thur) - Loss = -$50.00



Yours truly,

Tony Chai

Economic Calendar

Dear fellow traders :

For those familiar with the trading of the e-mini US index futures, or even forex, you'll realize that price movement usually fluctuates a lot after the announcement of certain major US economic reports like employment data, housing data, gross domestic product (GDP), inflation data etc.

Thus, it's crucial that you keep track of when such economic reports would come out so. This would enable you to be cautious whether to get out of a position before their announcement. But I understand you could also be someone who's skilled in taking advantage of such major economic announcements to time your trade.

Most of these major US economic reports would be announced either on 8.30am EST or 10.00am EST. I would usually go to Google.com and type in 'economic calendar' and I would visit any of the finance-related web-sites for this information.

So, do be alert of the announcement of major US economic reports so that you won't get caught off-guard of an adverse price reaction to your existing position after such announcements.

Yours truly,

Tony Chai

ES Trading - 30 June to 2 Jul 2009

Dear fellow traders :

Simulated trades for the e-mini S&P500 index futures (ES) this week. Again, training up the skills of trading based on real-time price action.

30 June 2009 - Profit = $62.50



1 July 2009 - Profit = $37.50



2/7/09 - Profit = $212.50



Regards,

Tony Chai

Options University "Options Mastery Series" Giveaway

Dear fellow traders :

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Yours Truly

Tony Chai

ES Trading - 22 June to 25 June 2009

Dear fellow traders :

Following were my simulated trades on the e-mini S&P 500 index futures for last week. All trades were based on watching pure price action & reference to past patterns :

22 June 2009 - Profit = $212.50



23 June 2009 - Loss = -$262.50
Note : Learned a hard lesson not to hold on a trade over a major economic report announcement.



24 June 2009 - Profit = $100.00



25 June 2009 - Profit = $200.00




Regards,

Tony Chai