ES – inflection points for Mar. 10, 2017

Yesterday’s Trades

ESH7 Mar. 9, 2017. 30-minute bars.

Sell: 2378.50-2375.50
Keyline: 2361.50-2359.50
Buy: 2346.00-2343.75

This was probably a losing day in the ES for most overnight traders, regardless of which direction they traded.

The price fell to Nat’s buy level before the day session open, then made wide swings in both directions without ever touching either her buy or sell levels.

Traders were left with an entry but no clear exit, and moves wide enough to hit all reasonable stops — the worst of all possible outcomes.

Subscribers to the trade room had the opportunity to sell into the decline in the day session for a reasonable gain, but the trade was independent of Nat’s entry level.

Today’s workbook

Comments are closed.