Mar 062012
 

For us counter trend traders, it’s always tough to trade on trend days.  The market was long overdue for a pullback and today we got one (or the start of one).  The ES opened into the 46.50 level and as I alluded to on the worksheet, the S3 was the ‘good spot’ to trade this level.  I got faked into taking a long off the S3 on the 2nd push.  I say ‘faked into’ because

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