Good Morning FB 2.0 Emini / SP500

We enter the day long 1. Working orders are below.

*Note: There are two working orders to sell this morning.

Position:	1		1276.000	close
Working Orders:
	Buy		Sell
Type	Price		Price	Type
			1302.75	SF1
			1309.75	SE1

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.”

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

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

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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3.7.08 4.15 Settlement

Trade Date:
3/7/2008
	EST		Buy		Sell
Position	Time	Type	Price	Average	Price	Type	P/L
2	9:30	close	1308.00
1	9:59				1308.75	SF1	$37.50
2	11:56	BE2	1296.25	1302.13
3	1:59	BE3	1288.25	1297.50
2					1295.75	SF1	-$87.50
2					1293.00	Close	-$450.00
					-3.70%		-$500.00

Summary:

We came in long 2; intra day we bought 2 and sold 2.

We conclude the day long 2.

New Working Orders into the 4:15 Close

Position:	2		1297.500	BA123
Working Orders:
	Buy		Sell
Type	Price		Price	Type
			1298.75	SF2
			1304.75	SF3

SF1 Filled

Filled	1295.75	SF1
Position:	2		1297.500	BA123
Working Orders:
	Buy		Sell
Type	Price		Price	Type
BE1	1285.25		1206.75	SF2

BE3 Filled

Filled	1288.25	BE3
Position:	3		1297.500	BA123
Working Orders:
	Buy		Sell
Type	Price		Price	Type
			1295.75	SF1

BE2 Filled

Filled	1296.25	BE2
Position:	2		1302.120	Close
Working Orders:
	Buy		Sell
Type	Price		Price	Type
BE3	1288.25		1309.75	SF1

New Working Orders

Position:	1		1308.000	Close
Working Orders:
	Buy		Sell
Type	Price		Price	Type
BE2	1296.25		1310.75	SF2

SF1 Filled

Filled	1308.75	SF1
Position:	1		1308.000	Close
Working Orders:
	Buy		Sell
Type	Price		Price	Type
BE2	1294.25		1314.75	SF2

New Working Orders

Position:	2		1308.000	Close
Working Orders:
	Buy		Sell
Type	Price		Price	Type
BE3	1292.25		1308.75	SF1

Good Morning

We enter the day long 2. Working orders will be posted shortly after the 9:30 EST open.

Position:	2		1308.000	Close
Working Orders:
	Buy		Sell
Type	Price		Price	Type

========

The volume of visitors to this blog has increased dramatically this week. The interest is beyond what I had originally expected. This weekend I will have the opportunity to improve the blog with your suggestions.

Thank you for the emails; it is your ideas that assist me in making this blog more useful to all.

You may email me at: j.barlow.smith@gmail.com

Barlow

3.6.08 4.15 Settlement

Trade Date:
3/6/2008
	EST		Buy		Sell
Position	Time	Type	Price	Average	Price	Type	P/L
1	9:30	close	1335.75
2	10:01	BE2	1320.25	1328
3	12:19	BE3	1313.25	1323.08
2	4:15				1308.00	SF1 Close	-$2,262.00
					-16.76%		-$2,262.00

Summary:

Today 's P/L was -$2262.00: for a -16.76% loss.

We came in long 1 and bought 2 more during the day. We sold out one at the 4:15 close.

We conclude the day long 2.

Closing Order Filled

Filled	1308.00	Close 4:15
Position:	2		1323.000	BA123
Working Orders:
	Buy		Sell
Type	Price		Price	Type

New Working Orders

Position:	3		1323.000	BA123
Working Orders:
	Buy		Sell
Type	Price		Price	Type
			1317.75	SF1
			1326.75	SF2

* If SF1 is not filled, we will sell 1 at 4:15 close.

BE3 Filled

Filled	1313.25	BE3
Position:	3		1323.000	BA123
Working Orders:
	Buy		Sell
Type	Price		Price	Type
			1321.75	SF1

BE2 Filled

Filled	1320.25	BE2
Position:	2		1328.000	BA12
Working Orders:
	Buy		Sell
Type	Price		Price	Type
BE2	1313.25		1328.75	SF1

New Working Orders

Position:	1		1335.750	Close
Working Orders:
	Buy		Sell
Type	Price		Price	Type
BE2	1320.25		1334.75	SF1

Good Morning

Today we begin long 1 from yesterday's close. New working orders will be posted shortly after the open.

Position:	1		1335.750	Close
Working Orders:
	Buy		Sell
Type	Price		Price	Type

=========

Again, thank you for all the emails. I am catching up on my replies.

I am impressed with the traders that are attracted to this FB 2.0 Blog; the questions are outstanding and help me understand what topics need to be addressed for The Saxon Institute Blog. KEEP THEM COMING.

Barlow



j.barlow.smith@gmail.com

3.05.08 4.15 Settlement

3/5/2008
	EST		Buy		Sell
Position	Time	Type	Price	Average	Price	Type	P/L
1	9:30	close	1327.25
0	10:01	BE1			1337.75	SF1	$525.00
-1	12:02				1344.75	SE1
0	12:27	BF1	1336.25				$425.00
1	1:20	BE1	1329.25
2	1:36	BE2	1322.25	1325.750
1	3:58				1333.75	SF1	$400.00
1	4:15				1335.75	close	$500.00
					13.70%		$1,850.00

Summary:

Today we had a profit of $1850.00; for a gain of 13.70%.

We came in long one - sold in the morning and bought in the afternoon.

We conclude the day long 1.

SF1 Filled

Filled	1333.75	SF1
Position:	1		1325.750	BA12
Working Orders:
	Buy		Sell
Type	Price		Price	Type
			1340.75	SF2

BE2 Filled

Filled	1322.25	BE2
Position:	2		1325.750	BA12
Working Orders:
	Buy		Sell
Type	Price		Price	Type
BE3	1315.25		1333.75	SF1

BE1 Filled

Filled	1329.25	BE1
Position:	1
Working Orders:
	Buy		Sell
Type	Price		Price	Type
BE2	1322.25		1335.75	SF1

BF1 Filled

Filled	1336.25	BF1
Position:	0
Working Orders:
	Buy		Sell
Type	Price		Price	Type
BE1	1329.25		1343.75	SE1

SE1 Filled

Filled	1344.75	SE1
Position:	-1		1344.750	SA1
Working Orders:
	Buy		Sell
Type	Price		Price	Type
BF1	1336.25		1351.75	SE2

SF 1 Filled

Filled	1337.75	SF1
Position:	0
Working Orders:
	Buy		Sell
Type	Price		Price	Type
BE1	1322.25		1344.75	SE1

Good Morning

We enter the day long 1 and have new working orders.

Position:	1		1327.250	close
Working Orders:
	Buy		Sell
Type	Price		Price	Type
BE2	1322.25		1337.75	SF1

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

Thank you for all the positive emails. They are greatly appreciated and I am glad that this blog helps so many.

The Saxon Institute has added it's newest Blog.

at:

http://thesaxoninstitute.blogspot.com/

3.4.08 4.15 Settlement

Trade Date:
3/4/2008
	EST		Buy		Sell
Position	Time	Type	Price	Average	Price	Type	P/L
2	9:30	close	1332.50
3	10:56	BE1	1316.25	1327.08
2	3:08				1322.75	SF1	-$216.50
1	3:41				1329.75	SF2	$133.50
1	4:15				1327.25	Close	$8.50
					-0.55%		-$74.50

Summary:

We had a loss of -$74.50; for a return of -.055%

We came in long 3, Bought 1, and sold 2.

We conclude the day long 1.