Tuesday, November 10, 2009

ES Emini Futures Trading Morning Session Review 11/10/09


We suspected that the morning session may stay in a narrow range. We also know from experience that narrow range markets make $TICK divergences a higher probability trade.

At 1030 ET, we finally got a bearish divergence as the market was testing a new high. Soon after the market gave us a nice tumble.

Charles

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