Friday, April 3, 2009

Where do we GO from here? 878.50 to 939.50 to 1039.50???

Please click on chart above for a much larger view of this chart.

Do you know that you can join for FREE in my live day trading chat room for a week now?

Visit: Rockwell Live Day Tradng Rooms for more details.

You will find me in trading room #3: Trading with the Tiger

Good Trades,

David AKA Tiger

Trade of the Week: Thursday, April 2nd, ZB Short Trade for $500 on 2 Contracts

Trade of the Week: April 2nd, 2009 30 Year (ZB) Market

• 30 Year Treasury (ZB) trade above is an example of a Short THRUST Bar entry with very nice supporting volume.

• This ZB trade earned $250.00 per every contract traded, or for every 2 contracts the trade earned $500.00.

• ZB market, if you would like to replay it for yourself, then use the ZB1 setting with your Rockwell Trade Navigator. The time of the trade was after 11:00 AM Eastern time.

• We had 8 trades on the week: 4 winners, 1 breakeven, and 3 non-winning trades.

• Breakdown: ES 3 trades, ZB 1 trade, G6E 2 trades, GC 2 trades, and CL 0 trades.

• Overall we ended with a very nice profit on the week trading 2 contracts.

• We had 4 morning trading sessions this week from 8:20AM Eastern to 11:30AM Eastern, and no afternoon trading session from 1:30PM Eastern to 4:00PM Eastern.

Good Trades,

David “Tiger” Knight

Wednesday, April 1, 2009

Wednesday Day Trading: Gold Trade not taken

Hello Traders,

Here is an example of looking to go long in Gold, but by placing a buy stop order above the market, you can save yourself some grief on occasion.

Market orders are ok in certain instances, but I would challenge you to consider other forms of placing an entry. By placing a buy order at 934.1 this morning, the market never reached this point allowing you to cancel the open order and conserve your account on a market that wasn't operating the way you would like it to behave.

Food for thought ...

Good Trades,

David AKA Tiger