Trades for 8/5/2010

Since June 21, 2010: Number of trades = 16, 
PCT Win = 87.5%, Profit Factor (Total Win/Loss) = 6.58

 

Today's Forecast for ES(E-Mini S&P 500) 8/5/10 

Adjust your stop and target points according to the following Table - PS in order to improve your overall return.
This table is a list of important support resistance levels calculated for each day based on recent price actions.

Note: Even if market opens below 1116.25, it is still a valid trade but because the scenario has happened only 5 times in the past 12 years the probability is less reliable.

Table - PS  ES Pivot Levels: What are Pivot Levels?

IMPORTANT NOTICE: Futures trading has large potential risk . You must be aware of the risks and be willing to accept them in order to invest in the futures markets. This is neither a solicitation nor an offer to Buy/Sell futures. No representation is being made that any account is likely to achieve similar results. The past performance is not necessarily indicative of future results. There is no guarantee that this information is free of errors, including , program bugs, internet errors, communication errors, human errors, etc.   Trade at your own risk!

Since June 21, 2010 we have had 16 trades, 14 trades with 51 points win and 2 trades with 7.75 loss
Avg trades per week = 2.4, Profit Factor (Total Win/Loss) = 6.58

A slippage of One tick and a commission of $5.00 is deducted from each round trip trade.
The minimum required to trade 1 contract varies from $500 to few thousand dollars depending on the broker.
As of 8/2/10 based on  $5000/Contract, the annual return is 287%.
Some traders suggest to have $20,000/Contract for psychological reasons.
Based on  $20,000/Contract, the annual return is 72%.

Click General Information to learn more.

This forecast is based on analysis of data tables prepared by computer simulation and modeling every night based on more than 12 year of data.

Click here to see review of past trades.