Sep 052012
Not much going on today as the ES was only able to produce an 8.5 point range. Neither the high or low of the day provided order flow entry opportunities. In fact, no opportunites were available until the last hour of the cash session and by that time, volume was light and volatility was very low. Nevertheless, one never knows when volatility will pickup. Today’s opportunities happened after a retest failure of the low of the day. The opportunities turned into slow trades which did not move very far before the 4:15pm EST cash close.
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