[kingking]

The market has been votalie for the past few days so I am preparing for another wild move. On 1 March 07, YM dropped over 100 points in the premaket from previous day. At market open I notcied A/D was at -1700 and the tick was negative. Price started crwaling up some points and attempted to move its way to S1 at 12172. Around 30 second later, I showed price reverse and I went shot at 12149 (9:31) (Red arroow) because I take the chance the price will not test PP again with a 10 points of stop placement and my usual 12 points take profit. When price start dropping, I sense the flow of price is so smooth on the down side from the DOM so I make my decesion to widen my target profit by hitting the increase target button 20 points. In the next few second, price declined rapidly so I make another 3 hits on the button. Yes three hits. I expect price should move to somwhere around 12071 S2. But when price hit the S2, I still expect price to drop further. Price start retracing and I close out my trade at 12079 (9:34) for 70 points. I could not believe it. This is the reture of a single contract! Hope to see more unrealistic profit from the market.

[TinGull]

Very nice trade king!!!!

[The Bear]

Originally Posted by kingking »

The market has been votalie for the past few days so I am preparing for another wild move. On 1 March 07, YM dropped over 100 points in the premaket from previous day. At market open I notcied A/D was at -1700 and the tick was negative. Price started crwaling up some points and attempted to move its way to S1 at 12172. Around 30 second later, I showed price reverse and I went shot at 12149 (9:31) (Red arroow) because I take the chance the price will not test PP again with a 10 points of stop placement and my usual 12 points take profit. When price start dropping, I sense the flow of price is so smooth on the down side from the DOM so I make my decesion to widen my target profit by hitting the increase target button 20 points. In the next few second, price declined rapidly so I make another 3 hits on the button. Yes three hits. I expect price should move to somwhere around 12071 S2. But when price hit the S2, I still expect price to drop further. Price start retracing and I close out my trade at 12079 (9:34) for 70 points. I could not believe it. This is the reture of a single contract! Hope to see more unrealistic profit from the market.

This is impressive. You've got the skills to hold on like that. This is what will separate you from the greenhorns.