Sunday, March 9, 2008

FB 2.0 Trade Emini / SP500 Acronyms and Codes

Acronyms for FB 2.0 Trade.

BE1 - buy entry one
BE2 - buy entry two
BE3 - buy entry three
BA12 - buy average of BE1 and BE2
BA123 - buy average of BE1, BE2, and BE3
BF - buy to get flat

SE1 - sell entry one
SE2 - sell entry two
SE3 - sell entry three
SA12 - sell average of SE1 and SE2
SA123 - sell average of SE1, SE2, and SE3
SF - sell to get flat.

BS - buy stop
SS - sell stop

Color codes for the End of Day Chart:

SE – Red,

BE – Green’

BF and SF – White,

BS and SS - Black

FB 2.0 Trade Emini / SP500 Accounting


The Accounting for the FB 2.0 Trade is simple because it is calculated with a constant account balance. Since the maximum contract amount is three for the trade, we use:

4500 (margin) x 3 = 13500

All end of day percent gain or loss is:

(Profit or Loss) / 13500 = % (gain or loss)


FB 2.0 Trade Emini / SP500 Timing of Posts

Timing of Posts:

(All times are EST)

9:15 Good Morning Post - This post will give the position/working orders/news

9:45 New Working Orders if there were none previously.

10:00 New Working Orders if there were none previously.

Posts throughout the day will be made as Working Orders are:

Filled, Changed, or Canceled.

5:00 Settlement Post – This post will give a Graph/Trades/Summary of the day.

FB 2.0 Trade Emini / SP500 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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