Tuesday, January 12, 2010














- The corrective move i anticipates has come, not sure where we go from here , I'm just going to follow price.
- My trading system played well into the weakness, utilizing day's pivots to determine support/resistance areas and tick volatility to determine where volume's moving to.
- Thus an opportunity to short for a day trade. Support S1 and yesterday's low (dotted red line), held price down. Took a short below VWAP (dotted magenta line).
- Held through the trend line, taking some off at S2 as price dropped.
- Notice how sellers were aggressive to hit exits as tick alerts increased ( red dots) .

conclusion:
- Shorts @ 1136, stops above S2 @ 1138.
- Initial target S2 then yesterdays s2.. All target hit..

Tally:
+6 ES points ( $300/ contract)

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