S&P PIVOT TRADER

 

 

BECOME A DAY-TRADER WITH THIS SIMPLE AND PROFITABLE MECHANICAL SYSTEM

 

 

 

 

Friday, August 18, 2006

21Aug06: SPX Range Sell 1310.3 Buy 1294.8

ABOUT ME

A long term trader of the S&P 500 index.

 

Sell Zone

Stop Sell @ 1314.3

70% Sell @ 1313.3

50% Sell @ 1310.3

30% Sell @ 1307.8

 

Buy Zone

30% Buy @ 1297.3

50% Buy @ 1294.8

70% Buy @ 1291.8

Stop Buy @ 1290.8

 

Yesterday:

The system triggered a 30% Buy position at 1293.7 when the S&P hit it's low for the day at 1293.6 before a grinding rise to close at the highs at 1302.3! The System delivered profits of 8.6pts at 30% which is equivalent to 2.6pts at 100% trade size equivalent.

 

Performance:

The system performance for this week was close to 18pts at 100% trade size.

 

The total profits since we started is now 28pts + 18pts = 46pts of profit at 100% trade size. Assuming a trading account with 8 emini contracts at $50 per shot, the actual profit would be $18,400.

 

If our target return for the trading year is 30% of a $100k trading account, then return so far is 61% of that target in TWO weeks!!!

LINKS

Historical Blog Site

S&P Pivot Trader Explained