Dear fellow traders :
Studied the S&P 500 10 min. chart & determined it could be a choppy session when market opened. 
Since the session might be choppy, I kept my stop loss tight at 2 points. Only entered trades with higher probability in going my direction. Since I couldn't catch the price action at its beginning, I tried to catch a ride when price action was still strong and scalped a few ticks before the price action changed.
Regards,
Tony Chai
Saturday, May 30, 2009
ES Trading - 29 May 09
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2 comments:
Thanks for the trade update. This is a perfect example for people to show them that you don't have to time the bottom and top perfectly. You can still make money in the middle.
Hi Travis :
Thanks for dropping by.
Regards,
Tony Chai
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