09/17/2012 Example Trade

Low volatility returned in force today as the ES spent much of the day in a 4.25 range before a slow motion break down to test the DTG 52.25 and DTG 49.75 levels.  There was a long opportunity from the DTG 52.25 level around 3:15pm EST, but volatility was so low that expecting a trade to reach significant targets was a low probability proposition.  The opportunity could have been scratched or traded for a few ticks of profit, but the prudent thing to do is wait on better volatility.  No Example Trade today.