Friday, August 13, 2010

Emini Futures Trading / S&P 500

(QQQQ)(DIA)(SPY)(GLD)

Adversity
Consider it a sheer gift, friends, when tests and challenges come at you from all sides. You know that under pressure, your faith-life is forced into the open and shows its true colors. So don't try to get out of anything prematurely. Let it do its work so you become mature and well-developed, not deficient in any way. 
James 1 2-4 The Message


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Did I already mention the end of the world?  

O.K. Good! 
I mean it's not the end of the world.
Well... let me be perfectly honest here.
It IS the end of the world as we know it.
However, it's not the end of the world.
We Square?
Cool.... Let's move on...


Weekly Trading Zones / Week in Review
"from 'da top to 'da bottom make ya wanna holla'"

I watch way too much 20 something television. I grew up listening to Jim Reeves and came of age a Sailor in the United States Navy. Back then we were grooving to the boys with the quivering voices (Bee-Gees) and stepping like Tony Manero (google it).  Now when I channel surf through American Idol or So You Think You Can Dance  I slow down the way motorists do on the freeway when they see something especially gruesome and then hit the exit so they can double back and see it again. 
Is that sick?
Is that ridiculous?
Then I guess you're watching it too......
(Editors Disclaimer: He Tivo's both shows)

S&P 500 Emini Futures / ES

DOW Emini Futures / YM

Who actually takes profit at the HOD (High of the Day)?
I guess we do with a little help from a friend. Those who were tuned in saw it live in real time.

Live Trade 08/13/10

I owe the entry to Michael B., Doug G., and Mike R. There were 3 critical factors that defined the entry and I learned 1 piece from each of them, yet it is probably not a place any of them would have entered individually. I owe the exit to my patient nature and of course David Williams who voiced during the live broadcast with great certainty that if I would just "hang in there"  price would hit my target. Last but certainly not least, I  want to extend my thanks to the greatest audience in the history of Financial Talk Radio. If it were not for the many "Come On Baby's" uttered around the globe, there is no possible way price could have ever reached that trend line I drew. For that my friends, I am forever grateful.

Have a great week-end, spend quality time with your family and we'll trade it again live come Monday...


Pray Hard & Trade Safe!
CT
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