Nov 082012
Take a look at today’s level recap in the post above. Today was another down trend day, however today, the ES played nice for us discretionary order flow traders. It would have been nicer if institutional volume could have given us a clue in the DTG 94.50 level of the pending high of the day, but the whole way down through the morning hours, price kept making lower lows without any order flow indications of a bottom until a great looking opportunity setup around 1:30pm EST. Unfortunately I was out of my office at the time and did not see the opportunity until it was too late. However the retest of the DTG 83.50 level provided a short continuation opportunity I could take advantage of.
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