Sept 9th 2008: $2125 ES Short Trades Video Replay

Wednesday Day Trading: ES Short Trade

Click on ES Market chart for comments on the trade. My trading plan had me looking for 1212 today. This did not happen. The trade made some money. Entry at 1230, 1/2 off at 1227, 2/2 off at 1228.00 even.

The 2/2 half of the trade was following the Greenline strategy trying to keep the trade open for a move below the low first, then onto the target. There was a spike reversal in the market and for now a general change in the direction of the trend.

Please note, this will be my last trade of the week. Things start to get a little mixed up now coming into rollover tomorrow. By this I mean choppy markets. I am not willing to give up any more of my gains on the week to indecisive markets.

As I always like to say, if you have any questions, then feel free to email me at: TradeCraze@gmail.com

Good Trades,

David AKA Tiger

Tuesday Day Trading: ES Short Trade Final Part 2

Click on chart for comments on the ES Market chart. Exit was at 4PM today Eastern time at 1225, or $1175 for the second half of the trade. Total on trade $150 on the first half and $1175 on the second half equals a total of $1325.

$1325
+ 800
+ 500
--------
$2,625.00 total for every 2 contracts traded today.

This was a beautiful day to day trade today. What a lovely day to be a day trader!!

Good Trades,

David AKA Tiger

Video of the Week: My Sharona by The Knack

Tuesday Day Trading: ES Short Follow Greenline or 4PM Eastern Exit

Click on chart for comments on the ES Market trade. My trading plan and method has me short from 1248.50 right now, and 1/2 off at 1245.50. The remainder is following the greenline trendline exit or 4PM Eastern time now.

Good Trades,

David AKA Tiger

Tuesday Day Trading: ZB Long Entry

Click on ZB Market Chart for comments on the trade.

Good Trades,

David AKA Tiger

P.S. Look below at the ES trade today.

Tuesday Day Trading: ES Spike Reversal Short Trade Final

Click on chart for comments on the trade. Bottom line, this trade earned $800 for every 2 contracts traded today. To prove a point that I wanted to make, if you traded a series of 3 sets of contracts or 6 contracts in this case, then this would have earned you $2400 today. My risk on this trade was at most $600, if proven wrong. This is according to my stop management.

This trade earned $2400/$600 or 4 times. This is more than the 1.5 times, but I was only risking 1 times the investment.

In any case, this goes back to a point that I was trying to say in the TFC forum yesterday coming into today. I am out with the gain ... while the other person ... well ... who knows where it is going to go!!

Good Trades,

David AKA Tiger

P.S. In conclusion, this is the way that I would handle the trade mentioned in the TFC forum yesterday, I am out with a $800 gain on every 2 contracts traded. No losing sleep here.

Tuesday Day Trading: ES Spike Reversal Short Trade

Click on the ES Market Chart for comments on the trade. Basically, this is how I would handle a trade that was posted in the TFC Forum from a trader that I disagree with the way he would handle the trade. In any case, my time frame is a day trade which I would be out of the market no later than 4PM Eastern time.

Good Trades,

David AKA Tiger

Monday Day Trading: ZB Spike Reversal Long Trade

This trade in the bonds was taken at 9:50AM Eastern time, and went to 16 tic profit target in a nice move up today. My trading plan had me increasing my profit target based on the volatility of the market today.

In case you didn't hear, the Federal Government stepped in to save Freddie Mac, and Fanny Mae on Sunday. This had the effect of the DOW opening up 300 points this morning, very similar to the open of last week. This also came during the week of Patriot Day and the September 11th anniversary here in America.

What does all this mean? Well, personally, I do not trade on my opinion, but what the charts are showing me what they want to do. This morning early showed the market really wanting to try to close the gap in bonds, and possibly stocks.

With this knowledge in the market coming into my trade, then I looked for an opportunity to trade based on what the chart was showing me. This came at 9:50AM Eastern time in the bonds. My entry was at 118^17.5 and a Exit of 118^25.5 or 16 tics per contract traded or $250 per contract.

All in all, it was a good start of the week for me, and trading my plan allowed me to WIN more than I did not win on the previous trade.

Good Trades,

David AKA Tiger

Monday Day Trading: ES Spike Reversal Trade Short

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