Sunday, March 9, 2008

FB 2.0 Trade Emini / SP500 Description

Description:

The FB 2.0 Trade (dubbed the Fishbone by users) was developed by The Saxon Institute. It is meant to provide Emini/SP500 traders with an example of how to trade intra-day. The purpose is to be educational and informational in content.

This FB 2.0 Trade uses variables such as price, time, volume, volatility and (one more secret ingredient) to calculate buy and sell levels. There is never more than 3 contracts on at one time (refer to Accounting for more on contract size)

This Blog is a real-time record of the daily trade events of the FB 2.0 Trade. Timely posts will show the buy and sell levels as they are established; they will remain until they are either filled or left unfilled or are adjusted to changing market conditions.

Each day will conclude with a tabular summary of the trades, the gross P/L, and the % gain/loss on the account balance. A chart will be included marking each trade for easy reference.


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