3.10.08 Settlement

Trade Date:
3/10/2008
	EST		Buy		Sell
Position	Time	Type	Price	Average	Price	Type	P/L
2	9:30	close	1293.00
3	6:57	BE3	1285.25	1289.13
2					1276.00	Close	-$656.50
1					1276.00	Close	-$656.50
1					1276.00	close	-$656.50
					-14.59%		-$1,969.50

Summary:

Today's P/L -$1969.50; for a 14.59% loss


We came in long 2. We bought one in the morning. Sold 2 on the close.

We conclude the day long one.

Filled Closing Orders

Filled	1276.00	Close	2
Position:	1		1289.125	close
Working Orders:
	Buy		Sell
Type	Price		Price	Type

New Working Orders into the 4:15 close

The following are the new working orders. If they are not filled, we will sell at 4:15 to remain the day long 1. There will be 2 contracts sold before this close.

Position:	3		1289.125	close
Working Orders:
	Buy		Sell
Type	Price		Price	Type
			1277.75	SF1
			1283.75	Sf2

BE3 Filled

Filled	1285.25	BE3
Position:	3		1289.125	close
Working Orders:
	Buy		Sell
Type	Price		Price	Type
			1290.75	SF1

New Working Orders

Position:	2		1293.000	close
Working Orders:
	Buy		Sell
Type	Price		Price	Type
BE3	1285.25		1298.75	SF1

Good Morning FB 2.0 Emini / SP500

We enter the day long 2. New working orders are below.

Position:	2		1293.000	close
Working Orders:
	Buy		Sell
Type	Price		Price	Type
BE3	1286.25		1300.75	SF1

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

Thank You again for all the Emails. In the post below I have entered some quotes from other users of the FB 2.0 Trade. I hope you find them helpful.

If you have other ideas or ways you use the FB 2.0, please email me so I may pass them on to help others.

And thanks for the compliments too (I kept those to myself).

Barlow

FB 2.0 Trade Emini / SP500 How Others Use It

How the FB 2.0 is used by Others.

From Comments and Emails, we find that others use the FB 2.0 in different ways during their trading day. Below are some of the ways that we found interesting and may help others.

Buy and Sell Entries:

“I use the buy and sell entries that are posted; but I wait for a use the BE2 and SE2 for my first entry of the day. It get less trades a day, but that is fine with me.”

Increasing Scale:

“After watching the Fishbone for weeks on a daily basis, I changed it a bit to what I thought would be better for profits, What I do is buy 1 on BE1, then 2 on BE2, and 3 on BE3. This gives me a maximum position of 6 on the day and I find my buy average much better. I will email you with my results”

Confirmation:

“Thank you for posting the buy and sell levels. Although I have not traded the FB the way it is designed, I do use it daily. I have my own system and like to check your levels too. It is interesting; whenever we are on the same side and at the same level for entering the market… it is a good percentage trade. I go to your sight for confirmation of my numbers and it helps give me confidence in my trading.”

Exits strategy:

“The Fishbone has enhanced my trading. It is fascinating how the levels that picked during the day are market tops and bottoms. In my position, if I want to exit, I wait for one of your trigger points. It helps me stay in a good trade and catch the tops and bottoms of intra-day waves.”