Pipseer & Options Trading

Back in the trading business after a long absence. Currently working on Options Trading. Saw a nice entry setup(method B) on BA stock and took the May 70Call premium@$4.85 with SL@$3.80 roughly 20% risk.

Since this method does not apply any target value, but the system wont allow blank limit value so punched in $10 as my limit and let this one run 3-4 days and exit if it goes sideways.
Position Update: Stock went down tested the 22MA line then went past it on 2nd day of trading. Hit SL and position was closed, new to this program well now i know SL is working. Hey, thats what a stop loss is good for =)


Wanted to experience another Strategy(method A), since i could not find any better setups. Took the EIX Jul11 35Call@$2.75, Target $6.04 and SL of $1.98 which is off the recommended risk % value. Done for today.

Horrid start for the year

Not a pretty start for 2008, market conditions were unstable and i was stopped out few times before closing in on profits. Final tally for January came down to -490pips.

Well, im not about to give up just yet. Since the past 6 months of testing gave me nice profits and still feeling confident about this trading plan.

January, 2008

Been too long since I last posted, started new job and had to cut down on trading hours. M95 now on real account and results not looking good so far. Movements in the market going as choppy but most pairs did drop in price just that i was stopped out most of the time before it went lower.

Will see final results for this month.

Here we go...2008!!

Havent been trading since xmas till new year, now business as usual. Eur/Jpy count for december, +55pips and +160pips for Aud/Usd. May year 2008 bring good fortune in my trades!

December US NFP data

The usual first week of the month US data out last friday, it was awesome every pair made breakout moves and every single trade hit profit. :)

Result : +30pips

Going sideways

We've seen nice breaking moves made by gbp/usd, as usual the spikes were nasty and took out few trades and ended up break even. Eur/jpy looks to be in ranging mode and orders werent triggered and most of time stopped out.

We shall be patient.

Result +0pips

End of November

Havent been updating this space this month but still continue to place trade orders and testing methods. November seems to return nice profits on break-out system with all 3 pairs, Eur/Jpy,Gbp/Usd and Aud/Usd. A total of +689 pips for this month. Again, im very tempted to move over to this system for my real trades.

Result: +30pips