Hello Traders,Here was a very interesting trade this morning after a close below the 200 Bar Moving Average off the 5 minute chart.
These are the kind of trades that do come along, if you are patient, disciplined, and self-controlled.
The TCB trading strategy continues to perform around 60% Win/Loss Rate, with a very healthy profit factor. By using our "time of day" to trade for the best opportunities.
Today there were no economic reports to be concerned with after the open of the stock market, and this trade came along on a day that the DOW was closing in on 11,000 on the Index on TV ... having a BIAS can be dangerous overall to your account.
Remember what I have said, that was told to me by Joe Ross ... "Trade what you see, not what you think!"
This trade came about because the charts (showed - see) it. By not be locked in LONG only today, you would have seen this opportunity develop like we demonstrated in our live trading room.
Good Trades,
David "Tiger" Knight
P.S. I still stand by the opinion that we will not close above 11,000 on the DOW Futures contract before we crash again in the month of October. Please note that this is my opinion ... and not worthy to trade simply on. After all, TRADE WHAT YOU SEE, not WHAT YOU THINK! Right! Got it ... Good! :)
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