Jun 042012
 

Today was a very tricky day.  I had the right trade but scratched it.  Then had to sit through a bunch of chop to get the winner.  But came out ok (+4 pts for the day).

Here was my plan pre-market:

ES Plan: Last night I posted a globex plan (http://www.twitlonger.com/show/hmbl5r). In globex ES went up slowly after the big sell-off.

I expect sellers to be at overhead resistance. At some point I’m expecting price to revisit Friday’s range. If that’s today then I’ll be looking to get long on broken resistance. Above 81-82.50, 86-86.75. After that it’s the bottom of the previous trading range 1289.75, 93.50, 97.50.

Below I’m watching 76, 73.25, 65.50, and overnight low at 62.00.

I don’t want to fade, just go with the move.

 

If you have any comments, suggestions, or feedback (good or bad), please let me know.

 

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