Thursday, September 24, 2009

eMini S&P Daily Trade Update (Reentry)

One week early, but the reentry trade on the 5 minute or the 15 minute time frame after the FOMC announcement gave an excellent opportunity to put this trade in the ES back on this week.

2/3rds of the contracts are now off at 28 points a piece or an exit at 1045.5 for $1,400.00 on every contract.

The last third is set to be removed currently on the retest at 1001.50 going for the 1000 mark in the eMini S&P. This can be reached quickly so keep your eyes on this trade. Our stop on the last contract is one point below our entry of 1073.5 or at 1072.5.

Good Trading,

David "Tiger" Knight

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