Wednesday, December 3, 2008

Wednesday Day Trading: ZB $1,000 on 2 Entries

Click on chart for comments on the ZB Market trade.

This was one of those days where we go down and then back up in the bonds. I was reaching for the ADR (Average Daily Range) on both of the trades, but on a pullback was taken out at my original target of 16 tics each time today.

The afternoon was a little more trickier of a trade, but we went into consolidation for a few bars, and so I got out at my price. This was one of those ones that it could have went down to my entry so I decided to get while the getting is good.

I personally like to see momentum drive a trade quickly to a target as shown in the next chart and trade in the ES today.

Good Trades,

David AKA Tiger

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