Jun 112012
I know I’m begininng to sound like a broken record… but it was another tough to trade trend day. We’ve had way more trend days than normal over the last few weeks. The ES ran through all the DTG levels to the downside. However, all but the first DTG level provided enough of a counter-trend rotation for small target trades. Any continuation trade in the trend direction was good for large target trades. Today’s example model trade is from the 3rd DTG level reached which contained the daily pivot point. The pivot point congruence helped solidify this area as a strong support area. The R2 and R1 pivots where well respected overnight and it turned out to be one of those days where each pivot tested was respected.
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