Wednesday, May 5, 2010

ES 05/05 day trade

half day actually.

After lunch, wedge failed, so MM down to the exact target.
From misc


In strong up or down trend market, high 1 or low 1 in one minute chart is very reliable. Once downside target is reached and since today is range day, buy at that area after bullish bar is very good trade, especially the 2nd entry. Market should come back to the channel starting area, which it did.

Good price action trader should net at least 6 points in this half day.

From misc

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