Jun 172013
 

trade_130617

The Globex session erased Friday’s down move and positioned the ES in an uptrend coming into the cash open.  Price bounced around the DTG 35 level during the opening volatility but within 15 minutes, it broke up far enough above the 35 level to consider a long trade opportunity on a pullback into the level.  I posted in chat a chart which showed the 35 area as the prime area for a long trade entry and explained on the chart below.  Luckily for those who didn’t have the faith to enter near 35, a couple order flow long entries unfolded before price resumed it’s uptrend into the next area of resistance.  

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