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TA RATIO TRADER-Option trade 5-14 EMR
Wednesday, May 14, 2008

by Todd Brown of The Trading Authority

 

Traders,
We entered the June $55.00 puts for .80 cents just below the .886 retracement of a large daily move. We have our initial targets for taking profits at $52.10 which will make these options worth around $4.00 or more. This is a great example of being patient and waiting on only the best risk to reward trades.























 

 

We call these trades live every day day in the LIVE Trading room in the LIVE market. Join us on trial in the LIVE Trading Room. Experience the power of trader discipline for yourself.

To your continued success,

The Trading Authority Team.


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About the author

My name is Todd Brown. My range of expertise has extended from cycle analysis to dynamic structure trading of Stocks, Futures and the Forex markets. I have over 11 years of trading experience, and have worked with 100's of active screen and desk traders, floor traders, and prop trading firms. My specialty is in trading E-Mini Futures and the Forex with a system I call the "Dynamic Structure Trading Model."

I have over 12 years of hard nose experience in day and swing trading. I've developed it from trading all market conditions, from day trading the S&P 500, NASDAQ, and the Dow to position trading stocks.

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