Thursday, March 4, 2010

March 4 2010 Overlay, Trades, and Commentary



Total low volatility grind today.

I anticipated a slow day and was rooting for an attack and break of 1115.00 so there would be something to trade.

I took a shot at a long after support held this morning but scratched after a wall of fake bids and offers surrounded my entry point.

I have seen this a lot lately. It usually precedes a ridiculous grind so I just exited due to my near mid range entry.

I will hold through a grind if I can get in at the top or bottom of the range. This was technically a breakout trade and is designed to capture a powerful move. No move = enter at a better price or stand aside.

We should see some good action tomorrow. I am actually having an acceptable week for the action we are seeing.

I will press tomorrow if I get some premium setups.

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