Afternoon,

What an amazing day. The market trend again today giving us 5 valid winning set-ups. The first trade of the day was a trader’s trick set-up after a trend line break above the 56 EMA. The time was 9:24 am CST with a long entry of 593.40. The next trade was another trader’s trick set-up after a trend line break below the 56 EMA. The time was 10:12 am CST with a short entry of 589.50. The third trade was another trader’s trick after a trend line break below the 56 EMA. The time was 11:03 am CST with a short entry of 588.30. Here is the chart for trade 1, 2 and 3.

Trade 1, 2, and 3

Click on chart to enlarge.

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Afternoon,

Wow! What a volatile day. After being down almost 800 points intra-day the DOW closed down 369.00. The bars were big and many had wicks. Still, using the trades taught on my blog, there were a couple of winning trades.

The first trade was a trader’s trick set-up after a trend line break below the 56 EMA. The time was 10:48 am CST with a short entry of 590.70.

The next trade was a bobber set-upat 11:45 am CST. There was a short entry of 583.00. The trade was up 1.90 points, with in one tick of our objective, and the stop was moved to break even. The trade broke even.

The last trade was another trader’s trick set-up after a trend line break below the 56 EMA. The time was 12:45 pm CST with a short entry of 580.70. Here is the chart of trade 1, 2 and 3.

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Afternoon,

Today the market trended nicely. There was a period time around the vote in the House of Representatives on the bailout bill that the market got extremely volatile. There was even a very unusual gap in the 3 minute and times that the matrix for the TF (Russell 2000 e-mini) froze. It is important at those times that to 1) Always use an OSO order and 2) only trade when the matrix resumes a more normal trading pattern. Here is the chart for the afternoon gap.

Afternoon Gap

Click on chart to enlarge.

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