This trade did not work out this morning. My trade had me short at 9:45AM Eastern time, and shortly after my entry point my protective stop was hit. My thoughts were still at that time, that the market still had a lot of room that it could retrace back to the gap.
At this point in time, I noticed that the ZB was forming a SR and that was the trade that I took at 9:50AM Eastern time as the ES finally broke down. My next chart will show my ZB trade.
So I had one winner and one non winner today.
Good Trades,
David AKA Tiger
Monday, September 8, 2008
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