Emini Trading: Great 3 Point Morning!
Today’s first emini trade was a NSE short, coming out of No Zone. I like making daily income, but I like making more when possible. My target was 2 points on the trade as this was a high probability trade. The trade went 4 or 5 ticks in the money and I immediately moved my stop to break even. Most of my students jumped out with the 4 tick profit – they enjoyed daily income today with 2 minutes work! Anyways, the market bounced and I broke even on the trade.
My bias is still short so I grabbed a Pullback trade for a quick 4 tick profit. Well at this point I could easily walk away – 5 minute emini trading day, daily income, yada yada. Well I wanted another point or so because the market was moving a little faster today and I hadn’t had a losing trade. I grabbed the next NSE Long trade. My initial profit/stop is always 8 and 8. I let conviction decide how long I should stay in the trade. Moving on, the NSE Long goes 4 ticks in the money so my stop loss gets moved to BE. This is when I watch conviction of the market… If we start getting sluggish, I close the trade. That didn’t happen.
Within 15 seconds or so, my 2 point target was hit and filled! So by 9:38 I had 3 points of profit! I am a happy trader today. Didn’t have to recover, but I was ready if needed!
Enjoy the day, and the video!
Daily Trading Results November 15, 2011
Our Fall Special is still going on for all new members
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