Fellow Traders:

I made $1,146.50 in my personal account by about 8:15am and called it a day.  At that time, we were up about $1,400 in the ROOM.  An erroneous bearish EW prediction faked me out twice on the short side and put us about $1K in the hole.  I switched to CFB Mode and it almost worked.  My target was at 1989.75 which ended up being the high of the day.  The market touched it repeatedly, but no fill.  If the target had been hit, we would have finished a few dollars (probably less than $100) in the black.  The market closed with my last trade in the money, but about 3 ticks from getting us fully out of the hole.  Final score: -$290.

This concludes the trial period for some of you. Let’s take a look at the last four TRADING ROOM scores.  9/2= $1,817.50; 9/4= $1,031; 9/9= $1,057; 9/11= -$290.  The daily average is $903.87.  I am looking forward to working with those of you who elected to enroll in the full course.  Best of luck to the rest who are leaving us after today.  Have a pleasant evening.

Today’s Charts

Here are today’s screen captures.  They may include my personal chart, the TRADING ROOM demo platform, charts submitted by students and/or my running intraday Elliott Wave count in the S&P Emini.  Please click on a chart to make it larger.