Oct 312012
It was an odd morning… After 2 days of US stock market, the expectations were for a lot of volatility as funds do their month end adjustments and 2 days of backlogged trades get executed. That didn’t happen; at least not initially. The ES started slow, meandering for about an hour in a 4 point range before breaking down thorough the DTG 07.75 level and DTG 04.25 level before bouncing and setting up the first long opportunity on a shallow pullback. Unfortunately, the buyers couldn’t get any traction and that opportunity didn’t work out. The next DTG level turned out to be the low of the day and offered a second order flow entry opportunity on the failed retest of the low.
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