Dec 112012

The ES ‘felt like’ it was in a run away trend this morning, but it reality, price only climbed about 11 ES points.  It was slow motion euphoria with long legs up and small pullbacks.  There was a nice long trade opportunity with the early pullback into the R1 pivot which could have caught the uptrend, but I personally missed it while focused on waiting for a short trade opportunity.  It took until late afternoon, but a short opportunity finally presented itself and is today’s example trade.

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