Sep 242013

In between my last post and yesterday, I didn’t take any trades.  I actually entered one and then saw something I had overlooked that invalidated my setup and so I immediately scratched it.

Yesterday I took at trade without confirmation from the order flow, and no surprise that it didn’t work.  The trade was a pullback to IB Low.  I didn’t want to miss it so I took it and took a stop.

Notice in the chart around my entry there are blue arrows pointing up which indicate a bullish bias from the order flow.  And the absense of red arrows which would be bearish.  There was a red arrow just after I entered but it was overruled by two blue.

ES Trade without Order Flow confirmation

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