05/15/2012 Example Trade

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May 152012
 

Similar to yesterday, price rotated between 2 DTG levels for most of the day.  This provided several long and short opportunities.  The turns at the top were easier to read and thus the final push the to high of the day is today’s example trade.  Price had broken through the  pivot and the morning’s swing high and yet could not muster enough momentum to go much higher.  There were several pushes towards the HOD which provided the shorting opportunities. Continue reading »