Tuesday Day Trading: 1194 Stop on Short Entry Now!

Move Trailing Stop to 1194 on move consolidation. This is 10 points from my entry now.

Good Trades,

David AKA Tiger

Tuesday Day Trading: Short ADR Extreme Trade

Click on chart for comments on the ES Market Trade. This trade was put on after the EXTREME Manipulated move by market makers and floor traders, etc. to bring the market back to "FILL ORDERS."

My trading plan had me short at 1204, then took 1/2 off at 1198 or $300 per contract traded, the remaining contracts first went to 1202, then now protective stop is currently sitting at 1198, on the last RED Bar down.

AT 11:50AM Eastern time moved Trailing Stop to 1194 (10 points from entry)

TARGET ON TRADE is 1170 or 2PM or Trailing Stop.

My plan is to hold through LUNCH at close out at 2PM or move my stop in accordance with any downward pressure. Ideally, I will let the market decide to take me out now. In any case, I will make sure that I am out of this trade before the FOMC rate release announcement, that is why I will close this trade before this announcement.

Good Trades,

David AKA Tiger

Video of the Week: Office Space the Movie Clip

This video clip is from one of my favorite movies, "Office Space." I mean no disrespect to any one on this video or song. It is good not to be in the office environment any longer. My favorite part of the movie is when he comes in with the drill and opens his cubcle, also the part of him gutting the fish at his desk.

To all the JerkHead bosses, I salute you. Hopefully, if you are in charge of people you treat them with the RESPECT that is do them. You never know when the next millionaire is right next to you.

In any case, it is a movie that I use as a motivator, never to go back and settling for just the average.

Good Trades,

David AKA Tiger

Monday Day Trading: ES Extreme Short ADR Trade

Click on chart for comments on the afternoon ES Market trade. My entry was at 3:15PM at 1210, and a target of 1204. This was hit and I am out of the market for the day.

Today was a perfect example of scalping for some points, but in the end it wanted to go down. My targets were 11003 on the overnight YM, and 1203.25 on the ES overnight, that was what I based my 1204 profit target on.

We also tested the ADR (average daily range), then busted through it.

Good Trades,

David AKA Tiger

Monday Day Trading: ZB Long Trades

Click on chart for comments on the ZB Market trades.

Good Trades,

David AKA Tiger

Monday Day Trading: ES Spike Reversal Long Trade

Click on chart for comments on the ES Market trade. Entry time 9:45AM Eastern time. Exit 1225, $300 for every 2 contracts traded.

David AKA Tiger

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