Jul 162012
 

There were no good example order flow trading opportunities today.  Use the Price Level Recap above for reference to this post.  The ES stopped one tick short of the DTG 41.00 level which caught me off gaurd because I was expecting a probe of at least 42.50 (the actual low of the day was 43).  I did recognize that 44.25 was the bottom of a consolidation area from Friday and with 44.50 as the day’s pivot point, I should have been considering that price could turn at the front of the DTG 41.00 level.

Short trades could have been caught in the top half of the DTG 49.50 level, but I wanted an order flow opportunity and none panned out.  The volatility for the day was low, thus it turned into a long day of waiting for something to happen which never did…

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