Saturday, May 30, 2009

ES Trading - 29 May 09

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.


Tony Chai


Travis said...

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.

Tony Chai said...

Hi Travis :

Thanks for dropping by.


Tony Chai