A few minutes ago I was filled at 1472 and am now long the December e-minis with a stop at 1447.
Tomorrow the March '08 contract will become the most active contract. So soon after regular hours trading starts I shall sell my December contracts and simultaneously buy the same number of March contracts. March is trading about 10 points over December so after I make this switch my stop will then be at 1457 in the March contract.
6 comments:
Well I'll be darned. Sure didn't think you'd get filled today. Hope that's not a bad sign!
When the S&P was at 1517, I thought there was no way that it would reach 1472, but it has. My hat goes off to you
Carl, you are the man!
Carl I started trading ES recently and made some very good trades based on your analysys. Thanks and keep up the good work. I follow about 20 financial blogs. Yours and Elliot Wave lives On are #1 and #2 on my list for market timing.
carl
first off nice call for the intraday swing . but why did you
go into dec , in doing so you
basically cost yourself another commision . today if that was the swing low for this was prolly the roll over in the futures.
was this an error on your part or
was this something you look for
as you essentially are buying the same thing twice . i dont see the advantage of this
You are forecasting Gold and Oil down trend and Jap Yen Up trend and market new high. This does not make sense at all...the market cannot rally without oil and metal rallies and with the Yen carry trade, if Yen goes up the market will come down, more than likely we are already in a bear market.
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