Another GRAND-A-DAY in Mentor Mike's live TRADING ROOM for Thursday, 12/11/14 | Pacific Trading Academy
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Another GRAND-A-DAY in Mentor Mike’s live TRADING ROOM for Thursday, 12/11/14

Another GRAND-A-DAY in Mentor Mike’s live TRADING ROOM for Thursday, 12/11/14
 

Our final score today was 8 out of 10 and a net of $1,072.50. It was also our 9th consecutive winning day in our live TRADING ROOM.

We know that no signal works 100% of the time. If it did, it would be the Holy Grail of Trading, the secret would soon spread and treading as we know it, would cease. Thus, our normally-reliable Donchian Channel breakout handed us two back-to-back fakeouts today that put us about $500 in the hole. But, the purpose of the TRADING ROOM is to hone our skills in every type of situation. So, we shifted into CFB* Mode (*Come From Behind). On the next trade, we were back in the black and never looked back.

Have a great weekend. See everyone back in the ROOM on Tuesday.

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. 

Chart #1

Chart #2

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