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    Today's Ideas:
    for morning of Wed. Feb. 27, 2008

    IMPORTANT: Below is what we're looking at currently, but pay attention to our UPDATES on the side of each page for actual entry/exit times and prices. Refresh pages often! You will witness our winners AND losers; something that is rare in our business.    TO VERIFY ACTUAL PRICES AND TIMES, PLEASE CLICK ON  A TICKER ENTRY TO THE RIGHT.  ALL TRADES, WHEN THEY OCCURED, ARE VIEWABLE.  

    Whenever possible, we have included the ETF symbol for those who are not experienced trading futures, etc.

    Position Update Alert: 

    Chart

     This morning we were able to get long SRS on a signal. We have 2 units so far, one bought at 101.77 and the other at 102.06 (check sidebar for exact times). Average price is $101.915, and we'd like to be able to add over the next few hours and days. We used a simple stochastic entry, combined with a price range where we wanted to initiate. It's easy to get "all in" very quickly, but try to refrain, as this is a potential multi-day+ hold. If the trade works well, we'll have more opportunities to add. We chose SRS over SKF (both signaled) because SRS is closer to it's 200 MA (potential support). That is the only analysis we used, nothing more or less, and we kept it simple. Either one could work, or both, as they are highly correlated. We do not obsess over the specific vehicle being traded. We just make the decision and take the trade. Much more important is HOW we trade the position, as the easiest part is behind us. We'll inform of any changes. 

    Position update as of 11:47 am:

    Long 2 units SRS (avg. price $101.915)

    Long 3 units SB (May contract avg. price .13119)

    Trading Accounts equity at .26% away from all time highs.

     

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