Monday, March 23, 2009

March 23, 2009 Monday Quitting Early

I had one decent long signal I missed around 1:17 PM Chicago time at the daily R2 pivot level (794.33 on the June ES contract) which had a double layer of support to protect any stops, as there was a rising trendline also, but at the time I was somewhat conflicted after seeing a heavy volume rejection of strong resistance and seeing a lot of chop, therefore I just passed. My trading rules are keeping me out of all further trades here therefore I am done for the day. Hope you other traders caught that last move up.