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Another GRAND-A-DAY X 5 in Mentor Mike’s live TRADING ROOM for Thursday, 10/9/14.

Another GRAND-A-DAY X 5 in Mentor Mike’s live TRADING ROOM for Thursday, 10/9/14.
 

Fellow Traders:

When I saw early on that the market was starting to make a new bearish impulse pattern, I decided to take advantage of all that unidirectional momentum. I got very aggressive and earned a GRAND-A-DAY times 5 in my personal trading by 9:30am PDT.

In the TRADING ROOM, we were up over $2,500 when we had to close at 12 noon. I had planned to take care of some other business, but when I saw the market start to sell off in what I suspected was Wave 5 of 5, I couldn’t resist one more short. That brought our score to $3,607. Then, realizing that the bearish pattern was complete, I knew the market would rise in either a Wave 1 or A. Two long scalps later, the final score was $5,245 – my highest TRADING ROOM score ever.

Have a great evening. See you all next time.

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

Chart #3

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