ES Trading - 29 May 09

Dear fellow traders :

Studied the S&P 500 10 min. chart & determined it could be a choppy session when market opened.


Since the session might be choppy, I kept my stop loss tight at 2 points. Only entered trades with higher probability in going my direction. Since I couldn't catch the price action at its beginning, I tried to catch a ride when price action was still strong and scalped a few ticks before the price action changed.


Regards,

Tony Chai

What is an E-mini Index Futures

Dear fellow traders :

This article would give you a good idea of what are S&P 500 And NASDAQ 100 E-mini Index Futures.

http://freeglide.com/emini-futures-sp-500-and-nasdaq-100-basic-trading-info/

Regards,

Tony Chai