09/10/2012 Example Trade

Very tough day to take a trade.  The spent the first 4 hours in a 4.5 point range before breaking (more like grinding) down the last hour into the close.  The trade of the day turned out to be from Friday’s close (1438.25), but the 2nd push took nearly 2 hours to develop and personally I had lost interest by that point.  As price hit the S1 and DTG 31.25 level, institutional interest started picking up.  For a while it looked like the buyers would hold the S1 and send price back into the day’s range, but ultimately the sellers took over in force and sold into the close.  Any long trade attempt on the DTG 31.25 level was a loss.

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