Nov 302010

Bund is opening in yesterday’s range without much of a drive so OAIR open type.  OTF not yet present.  We’re very close to the composite VPOC so I want to avoid trading there as it’ll probably rotate there.  So my plan is to short the CLVN above it and go long the CLVN below it.  If I see a strong move I’ll just look for a pullback.

Here’s a zoom of the open showing how we’re balanced in yday range:

Yesterday on ES I faded a strong move up making a new intraday high.  That’s not in my plan and I’m going to be vigilant about that today.  Looking for “one good trade”.

Good luck today.

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