12/04/2012 Example Trade

We had decent price action in the ES this morning as it bounced between the DTG levels.  Unfortunately the movements were more like low volume whippiness than orderly battles between buyers and sellers around the DTG levels.  The ES bounced off the DTG 07 level and then again off the DTG 11 level with no clear order flow indications to take an entry.  There was a potential long order flow opportunity on the front edge of the wide DTG 03.50 level, but that quickly did not work out as price double topped and the market started selling strong at the bottom the of DTG 07 level.  After the drop into the DTG 07 level, the buyers started coming in and pointed the way for today’s trade example.

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