Friday, July 18, 2008

Replay of ZB $1125 Trade on July 16 2008

Yes, I am getting better with using Camstasia Studio. This video, in my humble opinion, was the best one that I have done so far, and look forward to getting even better as time goes on.

ZB Bond Market Trade worth $1,125.00 per every 2 contracts traded.

Have a wonderful weekend, and see you next week! Enjoy the video!!

Good Trades,

David AKA Tiger

P.S. July Book Recommendation on the last post below.

P.S.S. If you scroll to the bottom of the page, you can stop the music at any time.

July 2008 Book of the Month Recommendation.

The July 2008 Book of the Month Recommendation is Marcus Heitkoetter's new day trading book. Click the link above to check it out for yourself.

I really enjoyed this book. Marcus's book was an easy read, with a no nonsense way of approaching the market as a day trader. Whether you are a day trader or not, there is a lot of valuable information contained within this book. In any case, I highly recommend this book; especially, for the beginning trader, looking for some guidance and assistance.


The Complete Guide to Day Trading:

Learn the Art of Day Trading With a Practical Hands-On Approach

Every day, millions of dollars change hands in the markets, presenting the perfect opportunity for people just like you to make significant money and profits through the art of day trading.

In his new three-part guide, professional day trading coach Markus Heitkoetter lays out a simple, proven system for trading. From the basic essentials of trading to the actual process of making money in the markets, he’ll cover it all.

- What You Need To Get Started: The Tools, The Methods, The Mindset

- Finding the Best Market to Trade: Futures, Forex, Stocks, or Options

- A 7-Step Approach to Developing Your Own Profitable Trading Strategy

- The 10 Power Principles of Successful Trading Strategies

- Avoiding The 7 Common Mistakes of Traders

- Get Started Without Risking A Single Penny

- Ready-To-Use Trading Plan Templates, Checklists, Resource Directories, & More

Loaded with easy-to-use information, proven and reliable strategies and guidelines, and a practical hands-on approach to the industry, The Complete Guide to Day Trading is your own personal manual to master the art of day trading.


Good Reading as Charlie "Tremendous" Jones says, "You are the same today as you'll be in five years, except for two things: the people you meet and the BOOKS you read."

Good Trades,

David AKA Tiger

Thursday, July 17, 2008

ES Profit Stop Hit on Second Half of Trade

Total per every 2 contracts traded today was $175. My trading plan was to allow it some room above the 1258 mark that was so hard to close above last week, but the market made the decision for me and I am now out of the position.

It was a trade within my plan, while I was adding to my weekly profits. This one did not pan out like the way I saw the charts. Will it go up the rest of the day or settle out? I have no idea, but I took my trade and I am happy with the results. I have found that getting a double is just fine, but allow yourself the opportunity to swing for the fences.

In any case, I am completed trading for the week now. I wish you all the best in your trading. As always, if I can be of any assistance, then let me know via email.

Good Trades,

David AKA Tiger

Plan Your Trade and Trade Your Plan!!

Thursday Day Trading: ES Long Breakout

This is an interesting trade developing today that I wanted to post a before and after the trade. I took a position at 1256 and took 1/2 of my contracts off at 1259. I have my stop in the market at 1256.50 right now on the remaining contracts looking for a continuation of the trend up today, but I have limited my exposure by bringing up my stop to breakeven plus 2 tics now.

Let's see how this one pans out!

David AKA Tiger

Wednesday, July 16, 2008

Wednesday Day Trading: ES Chart Wow!

This trade was one that I did not participate in, as I was trading the bonds today, but what a two day recovery in the indices. One caution that I would like to comment on is the tendency for the BULLS to get over excited about what they perceive as a market bottom.

Personally, I do not see the high volume that would associate itself with a turnaround and this looks more and more like a bear trap, in my humble opinion. On a longer term basis, I would want to see more volume on the move up to warrant any long positions.

Today and yesterday was beautiful in the bottom and pull off that bottom, and looking at the chart you have higher lows showing that would warrant an entry on the long side over the last two days, as a position trader. With this being said, I would argue not to marry any trade to the long side, and on the first sign of weakness to dump the position and await further PROOF that the market has bottomed.

I am still not convinced that the BEAR move is over ... but on the positive note is that this is an election year, and historically the market has proven to be a good place to be long in the last half of the year. So with that being said, I would approach the buy side with caution.

As in all things, take this with the grain of salt it is worth. Once again, the volume has not commited to the long side at this point in time, so be wary of any longs you are holding. Always remember that a market can fall at least twice as fast as it goes up.

Can we get through the week on a positive note? By looking at today, I would say yes, but keep your eyes on the reports tomorrow and see how the markets react to them, especially the building permits at 8:30AM Eastern Time, also I believe the Natural Gas Storage will be in play tomorrow with the big move down in OIL.

Good Trades,

David AKA Tiger

Wednesday Day Trading: ZB Short Trade $1125 per 2 Contracts

Click on chart for comments. This trade was a beauty! The trade netted per every 2 contracts traded $1125.00. This will be the trade for the video. I will go into more detail on youtube and my blog on this trade.

Good Trades,

David AKA Tiger

Tuesday Day Trading: ES Short Opportunity

Click on chart for comments. Tuesday was an observation day.

David AKA Tiger

Monday Day Trading: ZB Long Entry

Click on Chart for comments. Bread and butter!

David AKA Tiger