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[Previous entry: "Chat room and trend trades.."] [Main Index] [Next entry: "Chart Review provides quick profit for ADBE"]
02/22/2004 Archived Entry: ""Cal's" lunch time trade turns into a Trade of the Day"
click here for ES2-20 chart
2/22 "Cal", a member of Fibmarkets.com's subscriber chat room, forgot to eat lunch Friday--he was too busy racking up some gains! He shorted the ES e-mini at 1142.75 with the cross down of the 3x3, with a stop just above the .382 retracement. He exited half of his position to lock in some gains at 1140.00 for +2.75. (remember this was lunch time where you can usually expect some slop and it was also options expiration Friday--no time to get greedy). He exited the 2nd half of his position at 1138.75 with the cross up of 3x3 on 3 minute chart (not shown) for +4 points.
This was not the only winning trade Cal had Friday. As a matter of fact, he and the rest of the room were posting winning trades all week. Way to go, everyone!
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