Mar 122012
There was only one potential trade opportunity for the day and personally, I missed it. Only 1 level was touched and it was only penetrated by only 3 ticks. Price stopped 1 tick short of the S1 with a head fake 3 ticks below the previous 61 LOD. Order flow volume showed good buying. If price would have made a second attempt at the S1, I may have considered a long trade but as it was, I passed and totally missed the opportunity. Unlike Friday, volume dried up as the day went on offering us no additional trade opportunities.
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