Thursday, October 16, 2008

Thursday Day Trading: ES Long Breakout Trade

Click on chart for comments on the ES Market Trade. I am looking for a Long Target of 947.50 today. We have had some wild swings and the ADR (Upper Daily Range) has it within range today so why not!

Entry 903.50 on 3 Contracts
Took 2 off at 911.50 = $800
Added 2 at 911.50 again
Took 2 off at 919.50 = $800

One Contract is currently running with a Protective stop at 919.50.

Exit is at Target of 947.50, 4PM Eastern Time Time Stop, Greenline Exit, or Stop Loss of 919.50, whichever is hit first as the trade develops.

Good Trades,

David AKA Tiger

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