Good Morning Emini / SP500

Today we enter the day flat (no position). Working orders will be posted shortly after the open.

Position: 0

Working Orders: 0

====

Yesterday I had the opportunity to explain what The Saxon Institute is. Today I wish to tell more about myself. It is the most common question I get on from the FB 2.0 Blog through emails.

Who is J Barlow Smith?

I am the owner and developer of The Saxon Institute.

My experience as a professional trader spans the last 25 years. When I look back at my past in the industry, I can label three stages that I went through:

1. Floor Trader (1982 -1994) Member of the Chicago Board of Trade

2. Head Trader (1994 – 2005) Money Management.

3. Proprietary Trader (2005 – Present) Trading Privately.

I will take the time to explain more about the above stages of my career throughout today.

What is The Saxon Institute?

The Saxon Institute is the fruition of my twenty-five years of trading experience as well as experience of how the industry works.

What I mean is – as in every profession – there is the basic information and knowledge that my experience has profited me and I hope to present, through the Institute, that body of experience in an organized manner.

I have decided to make The Saxon Institute a web based platform for the purpose of being informational and educational to traders specifically.

The Web Site is in production now and has been for some time. It will be published to the web soon. I take my work seriously and wish it to be beneficial to all traders of equity indexes and index options.

The Web site will be a work in progress for 2008 and will develop quickly as original content is added daily.

Stay tuned, the announcement will be made on this FB 2.0 Trade blog.

3.18.08 4.15 Settlement Emini / Sp500

Summary:

Due to it being Fed Day, I decided not to trade today.

We entered the day flat, no trades, and we concluded the day flat.

42% return in 45 days as Traffic and Interest Spike

Dear Reader,

While we await the FED this afternoon, I am going to take this opportunity to thank all my viewers.

When I started to record and document the FB 2.0 Trade, it was intended to be for a few that were interested in knowing the buy and sell levels real-time.

After being up over 18% in February, and now up more than 25% month -to-date in March, the traffic (people stopping by the Blog) has increased dramatically and constantly. Everyday we have more visitors than the day before - excluding weekends.

Apparently there is a an interest in making 43% on your money in a month and a half.

I have always been a professional trader and handy with computers; but this blogging thing is new to me and many said I should have a website. Really I began this blog as a lark and used one of my trading vehicles the FB 2.0 (Dubbed the Fishbone by users) as the shell around which to become proficient at blogging. But it has turned into something different and (in a word) exciting for me. So I appreciate the emails and comments.

And again thanks to all of you that are making my blogging experience enjoyable.

(By the way, I hope the entry levels have been helpful to you.)

I will be back today with further posts.

Barlow

Good Morning FB 2.0 Emini / Sp500

Today we enter the day flat (0 position), and there will be no FB 2.0 Trades before the Fed announcement at 2:15 EST.

Instead, I would like to address some Frequently Asked Questions, that I receive in my daily emails. I will write throughout the day to explain:

1. What is The Saxon Institute?

2. Who is J Barlow Smith?

3 How do I use the FB 2.0 Trade and this blog?

... amongst other questions.

If you are new to this blog, please do not hesitate to email me -

j.barlow.smith@gmail.com

to introduce yourself and ask a question.

Thank you to all that have emailed me in the past. It helps me understand what you need and don't understand. It assist me in creating a better blog for all.

Stop back today and learn more about the FB 2.0 Trade.

Barlow

3.17.08 4.15 Settlement FB 2.0 Emini / SP500

Trade Date:
3/17/2008
	EST		Buy		Sell
Position	Time	Type	Price	Average	Price	Type	P/L
-1	3:21				1275.75	SE1
-2	10:58			1279.75	1283.75	SE2
-1	11:29	BF1	1272.25				$375.00
0	12:04	BF2	1265.25				$725.00
-1	2:59				1278.75	SE1
-2	3:29			1282.25	1285.75	SE2
-1	3:58	BF1	1279.25				$150.00
0	3:59	BF2	1277.75				$225.00
					10.93%		$1,475.00

Summary:

Today's P/L $1475.00; for a 10.93% gain.

We entered the day flat (o position). During the day we sold 4 times and bought 4 times.

We conclude the day flat (0 Position).

BF2 Filled

We are flat (0 position). There will be no more wroking orders today.

Filled	1277.75	BF2		June Emini
Position:	0		1282.250	SA12
Working Orders:
	Buy		Sell
Type	Price		Price	Type

BF1 Filled

Filled	1279.25	BF1		June Emini
Position:	-1		1282.250	SA12
Working Orders:
	Buy		Sell
Type	Price		Price	Type
BF2	1277.50

New Working Orders into 4:15 Close

Below are the new working orders of BF1 and BF2; if BF1 is not filled, we will buy 1 on the 4:15 close to go home short -1.

Position:	-2		1282.250	SA12
Working Orders:
	Buy		Sell
Type	Price		Price	Type
BF1	1279.25
BF2	1277.75

SE2 Filled

Filled	1285.75	SE2		June Emini
Position:	-2		1282.250	SA12
Working Orders:
	Buy		Sell
Type	Price		Price	Type
BF1	1273.25

SE1 Filled

Filled	1278.75	SE1		June Emini
Position:	-1
Working Orders:
	Buy		Sell
Type	Price		Price	Type
BF1	1264.25		1285.75	SE2

BF2 Filled

Filled	1265.25	BF2		June Emini
Position:	0
Working Orders:
	Buy		Sell
Type	Price		Price	Type
BE1	1257.25		1278.75	SE1

BF1 Filled

Filled	1272.25	BF1		June Emini
Position:	-1		1279.750	SA12
Working Orders:
	Buy		Sell
Type	Price		Price	Type
BF1	1265.25		1290.75	SE3

SE2 Filled

Filled	1283.75	SE2		June Emini
Position:	-2		1279.750	SA12
Working Orders:
	Buy		Sell
Type	Price		Price	Type
BF1	1272.25		1290.75	SE3

SE1 Filled

Filled	1275.75	SE1		June Emini
Position:	-1
Working Orders:
	Buy		Sell
Type	Price		Price	Type
BF1	1262.25		1283.75	SE2

New Working Orders

Position:	0
Working Orders:
	Buy		Sell
Type	Price		Price	Type
BE1	1262.25		1275.75	SE1

Good Morning FB 2.0 Emini / SP500

We enter the day flat (0 position). Working orders will be posted shortly after the opening.

Position:	0
Working Orders:
	Buy		Sell
Type	Price		Price	Type

==========

There have been many exciting things going on behind the scenes at The Saxon Institute. We are close to publishing the SF 1.0 Trade and starting the The Saxon Institute Blog.

The Saxon Institute Blog will be educational and informational in content for the Emini / Stock Market Traders.

Stay tuned this week for more information.

Barlow

3.14 08 4.15 Settlement Emini / SP500

Trade Date:
3/14/2008
	EST		Buy		Sell
Position	Time	Type	Price	Average	Price	Type	P/L
-2	9:30				1313.00	Close
-1	9:55	BF1	1291.50				$1,075.00
0	10:00	BF2	1282.00				$1,550.00
* Switch to June contract
1	12:42	BE1	1390.25
0	12:53				1396.75	SF1	$325.00
1	2:22	BE1	1383.25
0	3:16				1290.75	SF1	$375.00
					24.63%		$3,325.00

Summary:


Today's P/L was $3325.00; for a 24.63% gain.

We entered the day short 2. In the morning we bought them back to get flat.

Contract change to June for new trades -

We bought 2 and sold 2.

We conclude the day flat (0 position)

SF1 Filled

We are flat (0 position). There will be no more working orders for the rest of the day.

Filled	1290.75	SF1		June Contract
Position:	0
Working Orders:
	Buy		Sell
Type	Price		Price	Type

BE2 canceled, SF1 Adjusted

Position:	1
Working Orders:
	Buy		Sell
Type	Price		Price	Type
			1290.75	SF1

BE1 Filled

Filled	1283.25	BE1		June Contract
Position:	1
Working Orders:
	Buy		Sell
Type	Price		Price	Type
BE2	1275.25		1292.75	SF1

SF1 Filled

Filled	1296.75	SF1		June Contract
Position:	0
Working Orders:
	Buy		Sell
Type	Price		Price	Type
BE1	1283.25		1303.75	SE1

BE1 Filled

Filled	1290.25	BE1		June Contract
Position:	1
Working Orders:
	Buy		Sell
Type	Price		Price	Type
BE2	1283.25		1296.75	SF1

New Working Orders

Position:	0		JUNE
Working Orders:
	Buy		Sell
Type	Price		Price	Type
BE1	1290.25		1303.75	SE1

No Working Orders

Now trading June Contract.

At this time we have no working orders. The next working orders will be posted at 12:00 (Noon) EST.

Position:	0
Working Orders:
	Buy		Sell
Type	Price		Price	Type

New Contract

From this point on, all orders will be the June (front month) contract.

BF2 Filled

* Fast Market; Filled Better;

We are flat and have no working orders at this time.

Filled	1282.00	BF2
Position:	0		close	1313.000
Working Orders:
	Buy		Sell
Type	Price		Price	Type

BF1 Filled

* Fast market; filled better.

Filled	1291.50	BF1
Position:	-1		close	1313.000
Working Orders:
	Buy		Sell
Type	Price		Price	Type
BF2	1285.25

New Working Order

* Keep in mind that we are still Trading the March contract until we are flat today; then we will be using the June contract.

* There was no fill on the opening.

Position:	-2		close	1313.000
Working Orders:
	Buy		Sell
Type	Price		Price	Type
BF1	1293.25

Good Morning 3.14.08 FB 2.0 Emini / SP500

Today we enter this morning short 2. On the opening, we have a working order (sell at this level or best bid above this level).

Position:	-2		close	1313.000
Working Orders:
	Buy		Sell
Type	Price		Price	Type
			1228.75	SE3

3.13.08 4.15 Settlement Emini / SP500

Trade Date:
3/13/2008
	EST		Buy		Sell
Position	Time	Type	Price	Average	Price	Type	P/L
-1	11:14				1299.75	SE1
-2	12:01				1307.75	SE3
-3	1:29	BF1	1323.25	1307.08	1313.75	SE3
-2					1313.00	close	-$296.00
						close	-$592.00
					-6.58%		-$888.00

Summary:

Today's P/L was -$888.00; for a -6.58% loss.

We entered the day Flat; no position. We sold 3 and bought 1 in on the close.

We conclude the day short two (-2).

Working Orders into 4:15 Close

We are short -3; working orders below.

IF, we are not filled on our BF1, we will buy 1 on the 4:15 close (to conclude the day short -2)

Position:	-3		SA123	1307.080
Working Orders:
	Buy		Sell
Type	Price		Price	Type
BF1	1307.25
BF2	1300.25
BF3	1293.25

BF1 Adjusted

Position:	-3		SA123	1307.080
Working Orders:
	Buy		Sell
Type	Price		Price	Type
BF1	1306.25

BE3 Filled

Filled	1313.75	SE3
Position:	-3		SA123	1307.080
Working Orders:
	Buy		Sell
Type	Price		Price	Type
BF1	1304.25

SE2 Filled

Filled	1307.75	SE2
Position:	-2		SA12	1303.750
Working Orders:
	Buy		Sell
Type	Price		Price	Type
BE1	1294.25		1313.75	SE3

SE1 Filled

Filled	1299.75	SE1
Position:	-1
Working Orders:
	Buy		Sell
Type	Price		Price	Type
BE1	1285.25		1307.75	SE2

New Working Orders

Position:	0
Working Orders:
	Buy		Sell
Type	Price		Price	Type
BE1	1279.25		1299.75	SE1

Good Morning FB 2.0 Emini / SP500

We enter the day flat; no position. New working orders will be posted shortly after the opening.