Jun 042013
 

trade_130604

Today was a much tougher day to trade than yesterday as the support levels did their job in providing support, but price didn’t rotate much for opportunities to capture profits.  The ES lulled us to sleep as it took nearly 2.5 hours to reach the DTG 38 level where it consolidated for an hour into lunchtime before finally breaking down to the DTG 30.25 level.  There was a weak order flow long opportunity before the ES turned down which didn’t move far enough north to take any profits.  The DTG 30.25 level provided the next long opportunity which is today’s example trade.  Unfortunately it unfolded while I was away at lunch so it wasn’t an opportunity for me…  

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