04/27/2012 Example Trade

No example trade today.  The ES had good HOD to LOD to HOD rotations over it’s 9 point range (see the price level recap post above), but price aligned with the front edge of the DTG levels and did not provide any clear order flow indications at the market turns.  There was a tripple bottom at the LOD and if price pushed down a few more ticks to test the pivot, then I would have considered enough congruence without the order flow confirmation to risk a trade entry.  As it was, I found myself hoping the market would go a little lower at the LOD and a little higher at the HOD.  One can’t trade hope and it kept me on the sidelines today.