9/29/2010 Live Trades

9/29/2010

Thank you to the people that took the time out to attend the Ninja Webinar. We were rushed for time near the end when everyone was asking questions and we did not answer one question that said to show our trades for today. So we wanted to take a minute to answer the question so all questions were answered.

The TF basically had a contraction in the morning then the contraction turned into a wedge and then we had yellow bars telling us that the contraction could turn into a expansion. Our bigger outlook was up from last our member video last night so the yellow bars have higher odds of starting a move to the upside plus the last pattern was up even on the 3 minute chart.

From the expansion we got filled at 673.00 (I was a little late on the entry) then we sold 2 at 675.80 and 3 at 675.40. We entered long again at 676.00 and the price spiked to 677.80 and that was the high of the day. We exited the last long at a 3 tick loss for a total of $1150.00 for the day on 5 lots. The rest of the day was pretty much sideways and after the 2nd trade we did not take another trade as our outlook is bigger contraction with a direction of up.

Hope this helps and let us know if there is any more questions that we not answered.

Happy Trading,

www.eMiniSchool.com