Friday, May 23, 2008

Friday Day Trading: ZB Bonus Trade

As a bonus trade for this week, I liked the ZB market once again at 8:50AM Eastern time today. Please note that the bonds opened with a gap ... there was no strong push down when I was monitoring the trade this morning so it was a good time to take a LONG position. This trade was profitable.

I want to wish you all the best this Memorial Weekend. I will be back posting on either Tuesday or Wednesday of next week after the Holiday. I would like to leave you with this thought to consider ...


When you love what you do, you will become excellent at it. The more excellent you are at what you do, the more you will be paid to do it. Therefore, loving what you do is the key to your personal compensation and your ultimate prosperity. In addition, when you love what you do, you will be happier, more confident, and even healthier because you are more at ease with your life. - Larry Winget

Best Wishes,

David AKA Tiger

Thursday, May 22, 2008

Thursday Day Trading: ZB Short Morning

Today being Thursday, the bonds or the ZB Contract was where it was at ... just pick your point to enter and it seemed to work out in your trading today. All of the trades took place after the release of the Unemployment claims today at 8:30AM. This was what I consider a RED REPORT so no trading until after the release of the report.

I made several trades today in this market noted above. 3 of them all together. 1 was a breakeven trade, and the other two went on to reach their respective targets. If you click on the image above it will show a much bigger picture of the ZB market this morning.

Tomorrow being Friday, and it falls into the category of being the day before the Holiday. I will not be trading or showing any trades for tomorrow. But if I can think of any words of wisdom to share I will do that tomorrow.

In any case, I would like to wish you a safe and happy Memorial Day Weekend. My trading will continue either on Tuesday or Wednesday of next week.

Best Wishes,

David AKA Tiger

Wednesday, May 21, 2008

Wednesday Day Trading: ES SR Trendfade Long

Today there wasn't much happening in the markets that I follow. The only trade that I would have considered this morning was in the ES market at 11:15AM Eastern time. This trade was taken off a spike reversal and a trendfade approach to go LONG at 1410. This trade went on to target in 3 bars.

That is all for the day ... see you again tomorrow.

Best Wishes,

David AKA Tiger

Tuesday, May 20, 2008

Tuesday Day Trading - ZB Bond Trades

First of all, if you click on the trading image it will show up much larger for your viewing. Today I saw a couple of opportunities to trade the bonds or the ZB contract. One was at either at 8:35AM or 8:50AM EST. The other was at 11:20AM EST.

There was a RED REPORT release on the PPI at 8:30AM EST, so I was on the sidelines until after the release of this report. As you can see, the trade at 8:50AM Eastern Time, went right on to target in one bar. This was a very nice and easy trade to make this morning. The other at 8:35AM was a nice trade. My only concern on this trade was not warranted was a crossing thru the price lines especially the greenline.

The other ZB bond trade was at 11:20AM Eastern time. This trade had to be managed as we approached the morning high and resistance area that formed earlier in the morning. I moved my stop up accordingly, to take advantage of a profitable trade and to make sure not to allow a WINNER turn into a LOSING TRADE.

I traded both of these trades today for profit and made my weekly goal today. I will be observing the market for the rest of the week as we head into the Memorial Day Holiday. For the most part, I do not trade close to a Holiday. Since, I made my weekly goal today my trades for the rest of the week will be what I see in the market.

Best Wishes,

David AKA Tiger

Monday, May 19, 2008

Monday Day Trading: ES Long Trade

Today in the ES at 10:15AM Eastern Time a very nice LONG trade was established that went on to reach target with ease. In addition, to this trade there was another possible trade in the ZB at 10:20AM Eastern time that I stood aside while in this index trade.

Great start to the week!