04/23/2012 Example Trade

 

The ES opened and quickly sold off, bouncing right off the back of the 57.25 level.  Any entry within that level was possibly good for a small target trade.  After the European session selloff, I was not keen on trading a first push into a level so close during the opening volatility.  Thus I personally did not catch a trade in the 57.25 level.  Once price retested the 57.25 level again; the big lots kept selling every down rotation for the next 30 minutes or so.  Once price reached the wide 51.75 level,

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