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P. O. Box 3122, Fremont, Ca. 94539: 510-770-8755: E'Mail: VcipSystems@comcast.net
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DayTrdaing
S&P 500 Systems General Instructions & Guidelines
Disclaimer. The information contained herein is subject to change
without notice and was obtained from sources believed to be reliable, but is
not guaranteed as to accuracy or completeness. Those using the materials for
trading purposes are responsible for their own actions. No guarantee is made
that trading signals or methods of analysis will be profitable or will not
result in losses. It should not be assumed that performance will equal or
exceed past results.
GENERAL DAYTRADING INSTRUCTIONS AND GUIDELINES:
1. You need
$50,000 Account Equity for Full size S&P
Contracts, $10,000 for EMini S&P Contracts.
2. With each Entry you have to trade 2 Contracts per Signal.
3. Trader with larger account over $50,000 or more can use multiple units of 2 contracts per Signals.
4. IPt. = Profit Targets are generally two times or more IStp. stop on half of your Original Positions.
5. Following is the sample of table which shows typical Initial Stops (IStp.), Initial Profit Targets (IPt.), and Minimum Trail Profit Stop (PStp.).
Market Symbol Int.Stp(IStp) Int.Prft(IPt) MinPrftStp(PStp)
S&P500
SP
-8.00 Loss
+16.00 Profit +4.00 Profit
EminiS&P
ES
-8.00 Loss
+16.00 Profit +4.00 Profit
FROM
ADVISORY SERVICES YOU GET
(via
Messanger Services YAHOO, ICQ, MSN, AOL, Etc ...)
Overnight or
before market opens:
Trade BIAS or SIGNAL for Current Trading Session,
List of "CPoints" for Current Trading Session,
Performance Summary,
and Trading Activities of the Past Sessions:
After market
opens Live Trading Updates (intra-day):
Time Stamp of Trade Signal
(Always Pacific Time);
Current Trading Price Level
(CTL);
Trading BUY or SELL SIGNAL;
Two Nearest CPoints from CTL - Upper CPoint (UCP) and Lower CPoints (LCP), and Stops and Targets i,e. IStp, IPt, and PStp for each Trade Entry.
Conservative Traders and New Subscribers should
Trades using E-mini S&P contracts until enough confidence level is buildup
and sufficient equity is increased for larger draw downs of Full size S&P
Contracts.
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New Subscribers should also understand thoroughly the following order placement procedures. Be very careful on placing these simple but little hard to grasp orders in the first few days of following these procedures.
ORDER PLACEMENT PROCEDURES:
1.
When you receive Signal from us, You will
receive Current Trading Price Level at Time of Signal, and Trading Direction. From list of all 8
"CPoints"(and stops and profit target numbers);
Find out Two Nearest "CPoints" from the Current Trading Price Level:
One Above and the Other Below the Current Trading Price Level.
i.e., If Current Trading Price Level of S&P is 1461.20 and "CPoints" are as shown ....
1463.30, 1462.90, 1460.20, 1459.00 and so on......
From These: the Two Nearest "CPoints" from the Current Trading Price Level are.....
The Upper "CPoint" UCP from the Current Trading Price Level = 1462.90 &
The Lower "CPoint" LCP from the Current Trading Price Level = 1460.20.
2. Now place the following order if Trade Direction = "BUY" (Opposite if "SELL");
BUY 2 DEC S&P @ 1462.90 STOP O.C.O; BUY 2 DEC S&P @ 1460.20 M.I.T.
3. Wait until you are in position,
i.e. When market goes thru your either price orders 1462.90 or 1460.20:
Now you are long @ one of these two prices, i.e. Say you get long 2 DEC S&P @ 1460.20;
Place the following Stop Order IStp & Profit Target Order IPt;
i.e. IStp: SELL 2 DEC S&P @ 1452.20 STOP (8.00 POINTS) O.C.O. MARKET ON CLOSE (MOC) and
IPT: SELL 1 DEC S&P @ 1476.20 LIMIT (16.00 POINTS PROFIT TARGET).
4. Now AGAIN wait until market goes thru Either Price Level;
i.e. A.) 1452.20 Stop IStp or B.)Market trade within 2.00 points of Profit Target Order i.e. 1474.20 then
A.) Say you Stopped out @ 1452.20 IStp; then cancel all Open Orders, and Wait until Next Trading Day.
B.) Or Say market trade
above @ 1474.20; then cancel replace Stop Orders (IStp) and Place (PStp)
Trail Profit Stop Order;
i.e C.) PStp: SELL 2 DEC S&P @ 1464.20 STOP (4.00 POINTS TRAIL PROFIT) O.C.O. MOC. and D.) Keep IPt: SELL 1 DEC S&P @ 1476.20 LIMIT (16.00 POINTS PROFIT TARGET) then
C.) Say market did not goto 1476.20 limit, then you will stopped out @ 1464.2 Stop order or Stopped out @ MOC order.
D.) Say market goto 1476.20 (IPt), then you will be out 1 @ 1476.2 (16 point profit IPt on one contract) then cancel replace Trail Profit Stop order from 2 contracts change to 1 contract;
i.e. E.) PStp: SELL 1 DEC S&P @ 1464.20 STOP (4.00 POINTS TRAIL PROFIT) O.C.O. MOC and wait until you stopped out at stop or MOC.
5. If you are not in Position 1/2 hour (12.45pm PDT) before market close; then cancel all OPEN ORDERS and Wait until NEXT DAY. . .
!!!!!!!! "Have a Super Day-Trading" !!!!!!!!!!!!!!!
Disclaimer. The information contained herein is subject to change without notice and was obtained from sources believed to be reliable, but is not guaranteed as to accuracy or completeness. Those using the materials for trading purposes are responsible for their own actions. No guarantee is made that trading signals or methods of analysis will be profitable or will not result in losses. It should not be assumed that performance will equal or exceed past results.
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Home DayTrade Results Subscription Past R/T Signals Links Members Area
VCIP SYSTEMS P. O. Box 3122, Fremont, Ca. 94539: 510-770-8755: E'Mail: VcipSystems@comcast.net