01/11/2013 Example Trade

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Jan 112013
 

trade_130111

I had an emergency which kept me from discretionary trading today.  It looks like it was a timely emergency. The US markets did little today.  The pre-market trade reports did little to inspire and I would call a 5.5 point ES range a waste of a day for directional traders.  In scanning the charts, I only see one potential opportunity; a bounce off the DTG 62.25 level.  Price action was so slow, it took all day for this one to unfold… Continue reading »