Aug 222012
As the cash opened, the ES was testing the DTG 06 level. There was actually a long opportunity before the cash open and had I known that the housing sales data report was released early before the cash market opened, I may have considered a pre-market trade. The ES showed some decent volatility this morning and worked it’s way into the DTG 09.50 level. Price action became a little loose, moving up and down relatively quickly. In that price action around 10am EST, the first opportunity unfolded (although I’ll have to admit, not one I personally considered trading becuase I had a preference for the top side of the DTG level).
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