ES Trading - 24 to 27 Aug 2009

Dear fellow traders :

Here are my S&P500 e-mini simulated trade based on price action, support/resistance lines.

24 Aug 2009 (Monday) - Profit = $87.50

25 Aug 2009 (Tuesday)- Loss = $162.50

26 Aug 2009 (Wednesday) - Loss = $150.00

27 Aug 2009 (Thursday) - Profit = $100.00

Regards,

Tony Chai

ES Trading - 17 to 21 Aug 2009

Dear fellow traders :

Trading the S&P500 e-mini based on price action & looking at support/resistance lines.

17 Aug 2009 (Monday) - Profit = $112.50

18 (Tuesday) Aug 2009 - Profit = $25.00

19 Aug 2009 (Wednesday) - Profit = $75.00

20 Aug 2009 (Thursday) - Loss = $50.00

21 Aug 2009 (Friday) - Loss = $87.50

Regards,

Tony Chai

ES Trading - 10 to 14 Aug 2009

Dear fellow traders :

Still trading the S&P500 e-mini based on price action.

11 Aug 2009 - Profit = $87.50


13 Aug 2009 - Loss = -$250.00



14 Aug 2009 - Profit = $137.50



Regards,

Tony Chai

ES Trading - 3 Aug & 4 Aug 2009

Dear fellow traders :

It's been a while since I post my simulated trades on ES (S&P 500 e-mini) trading.

3 Aug 2009 - Loss = $200.00


4 Aug 2009 - Loss = $200.00


You'll notice both the trades above were losing trades.

I have to admit I'm not too good with reading price action when the ES whip-sawed every other few minutes. There were occasions when a trade yield a 2-3 ticks profit but it quickly turned into losses when the intended direction lost steam after 1 to 2 consolidated candles (eg. inside bars).

Still learning in this trading process by looking at price action & keeping my stop-loss tight at max. 2 points per trade. Would also stick to trading the ES between 9.30am EST to 11.00am EST and would not hold an ES trade till announcement of significant economic reports.

Yours Truly,

Tony Chai