Thursday, October 14, 2010

Cha Ching!

And we are out @.012319 for 65 ticks! This is starting to add up to real money!!!!!!!!!!!!!

Wednesday, October 13, 2010

Wednesday, October 6, 2010

Class is in session

I don't have any setups today so let me clear up some confusion I am getting from my subscribers. It appears many of you think a tick is what you find on your dog. Nope a tick is the smallest increment a futures contract can move. Each tick is worth a different amount of money depending on the contract you trade. For example a tick on the eMini is worth $12.50 and a tick on the British Pound is worth $6.25. Yesterday I made 21 ticks profit, so if I was trading the Yen thats 21 * $12.5 = $262.50 for one contract. You simply multiply the number of contracts times the tick value. As you can see this adds up to real money pretty fast. I trade anywhere from one to five contracts depending on how I feel about the trade. Now if you are big swinging dick you may want to trade 10, 25, or 100 contracts. Not me my weenie is too teenie. This of course is going to totally hose my annual ROI so I think I'm just going to just calculate the two separately. Hopefully this clears things up. Thanks for reading the blog!

Tuesday, October 5, 2010

Finish Line!

Ok we did good, Europe has closed (I been up since 2:30am), we made 21 ticks (1 tick = 12.50 per contract approx depending on how many and what contract you trade), now its time for my nap. See ya tomorrow!

Next Pick

Go long the Aussie Dollar @ .9646 Good Luck!

And "yer out!"! Ooops I can't add

Out at .012045 for 10 ticks!

Move your stop!

Move em to .012044 Were in the money folks!

We Filled Again!

Good Luck. Set your stop @ .012038

Next Pick

Long the Japanese Yen /6J @ .012034 Good Luck!

Bailed!

Bailed at 82.50 for 11 ticks profit!

We Filled!

Here we go set your stop to break even and cross everything you got!

Todays Pick

Go long /CL (oil) @ 82.39. Good Luck!

Monday, October 4, 2010

Plastics!

Ok I'm back sorry for the long delay between picks but I had much much drama in my real life that needed attending to, my business had a huge fire drill, my dog died, and I sent my 3rd child off to college. Anyway I have spent much time thinking about the future direction of this blog and I have decided to focus on just that , Futures! Many of you loyal followers have asked for alternative picks because you are tight on cash and cant take the big positions I was taking in the ETFs. You spoke and I listened so now I will giving out daily picks on Futures instruments. These babies are designed for generating cash and frankly I'm trading them all day long while I wait for my swing trades to hit. You can start an account with as little as $5000 and you can trade 24/7 for the ADHD amongst you. Specifically we will focus on the eMini, British Pound, Aussie Dollar, Euro, Japanese Yen, and "Texas T" Sweet Crude. I will post entry points and suggested stops for profit and stop losses. I am not of course responsible if you copy my trades and loose your butt for I am a mere vessel of education here. I will keep track of the profits and losses and post them daily for all to see as usual. I will use 1 contract positions as a baseline for P&L calculations. If everyone likes this change in direction I am considering opening a live trading room to trade intraday signals in the near future. So good luck and hang on to your butts!