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How I Made 90 S&P500 Points In One Day

Posted 16-09-2008 at 11:10 PM by EminiForecaster
Updated 16-09-2008 at 11:24 PM by EminiForecaster
September 16th, 2008. I don't like to brag but lately too many traders have been getting hurt in the markets and I think it is unfortunate. Today for instance was one of the most volatile days I can remember - AIG opened below $2, a day after a 4% sell off, FED meeting, bankruptcies, well, you know the rest of the story.

As you know I trade all over the place, without stops, indicators or other clutter.

My only tools that are available to everyone are EminiForecaster.com G-lines and MarketDayTreaders.com G-signals - that's it.

Having said that, today, I was able to outperform myself! When volatility kicks in I reduce the number of contracts I trade, sometimes down to only 1. This is good because I know I will get all the benefits (and risks) of a volatile day like today. Just look at today's 5 minute chart and calculate an average bars' range, some 20 months ago that was the range of an entire week!

Anyway I traded like a maniac trying to beat the signals using my intuition and experience. And here are the results:

- 10 round trip trades

- $4,500 or 90 ES points

- quit trading for the day at 3pm EST

- made about 33% on that particular account

Here is how G-Signals from MarketDayTraders.com performed today (with a 5 point stop) -


click here for more history charts

Not bad, as you can see I took advantage of some of the trades that were recommended -







To learn more about G-Signals go here http://MarketDayTraders.com

- Vadim

Images are copyrighted by TradeStation (TM)

Rob Mitchell is co-owner, researcher and head trader at EminiForecaster.com, a website specializing in cyclical stock index swing trading. For more articles like this visit my blog.
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