1.17.08 4:15 Settlement

Trade Date:
1/17/2008
	EST		Buy		Sell
Position	Time	Type	Price	Average	Price	Type	P/L
1	10:04	BE1	1371.25
0	10:08				1377.00	SF1	$287.50
1	10:17	BE1	1371.25
2	10:22	BE2	1364.00	1367.625
3	11:43	BE3	1357.25	1364.170
2	1:44				1362.75	SF1	-$71.00
3	1:56	BE3	1322.25	1361.196
					1345.25	SS	-$2,391.90
1	3:28	BE1	1344.25
2	3:33	BE2	1337.25	1340.750
0	4:15				1339.75	Close	-$100.00
					-16.855		-$2275.40

Summary

Loss today of $2275, for a loss of 16.855%.

Our market activity was initiated from the BE side only (seven times): two trades were filled, three were closed by stops, and two were closed at the end of the trading session.

We concluded the session Flat.

Flat at 4:15 close

Sold 2 at 1339.75

Close position at 4:15 close

Close position at 4:15 close if the below orders are not Filled

SS remains the same.
SF1 and SF2

new SS

SS 1335.50 in to 4:15 Close

SF1 1343.75
SF2 1345.75

New SF1 and SF2

SF1 1343.75

SF2 1345.75

New SF1

New SF1 1345.75

BE2 Filled

BE2 1337.25

BA12 1340.75

BE1 Filled

BE2 1337.25

SF 1350.75

BE1 raised

New BE1 1344.25

BE1

BE1 1342.25

No SE1 at this time.

SS Filled

Flat SS filled at 1345.25

New SF1 and SF3

SF1 1363.75
SF2 1365.75

BE3 Filled new BA123

Be3 filled 1355.25

BA123 1361.196

SF1 filled New BE3 SS lowered

SF1 filled 1362.75

BE3 1355.25

SS 1345.25

SF1 lowerd SF2 established

SF1 1362.75
SF2 1366.75

SF1 lowered

SF1 lowered to 1363.75

BE3 Filled New SF1 and SS

BE3 Filled 1357.25

BE123 1364.17

New SF1 1365.75

SS 1347.25

BE2 Filled New BE3 and SF1

BE2 Filled 1364.00

BA12 1367.625

New BE3 1357.25

New SF 1372.00

Filled BE1 New BE2 and SF1

Filled BE1 1371.25

New BE2 1364.00


New SF1 1377.00

SF Filled New BE1 and SE1

Filled SF1 1377.00


New BE1 1371.25
New SE1 1385.50

BE1 filled New BE2 and SF1

Filled BE1 1371.25

New BE2 1365.25

New SF1 1377.00

BE1 and SE1

BE1 1371.25
SE1 1387.00

Good Morning

Thank you for all your emails and comments.

As requested:

• I have added the Acronyms for Fishbone Trading on the left sidebar for easy reference.

• I Have color coded events on the end of day chart

SE's - Red
BE's - Green
BF's and SF's - Yellow

==================

Email Response

15 JAN 08

north* has left a new comment on your post "BE1 and SE1":

Congrats...another positive day yesterday.

Once BE3 was filled and the market bounced, I see a SS (sell stop?) at 1356.25 Did you mean 1386.25, a tick above the low of the day?

Posted by north* to Saxon at January 16, 2008 9:40 AM

==============================

Thanks North*,

Yes the Sell Stop (SS) was set at 1356.25; that is the point I determined that the position would have been terminated yesterday.

Your observation North hit spot to a question that I am still ruminating on.

That is, an aspect of this Fishbone Trade that I have no relevant data on getting stopped out because I never have been.

I have some ideas for the SS but I have not come to a reasoned SS for lack of data.

I hope this is helpful.

J Barlow Smith