Wednesday, February 13, 2013

ES provided easy daytrade again today right out of the gate.  The neutral zone was higher then the persistence zone on the daily profile, which tells us that the balanced state of the market is occurring above where the fight was the greatest the prior trading day.  This increases the probability for the bulls to be able to generate enough volume to attempt and most likely establish a bullish breakout.  The ES attempts at the bullish breakout and simultaneously breaks above the top of the pz in orange and holds the time filter for 7 consecutive minutes, telling us that the bulls have taken control of the market and to buy the first retrace.  The buy entry setup off the zone-trader pivot in white at 1513.50.  The trade was good for 5 points and then call it a day.  The chart shows more description as well.  This was a text book Zone-Trader Philosophy trade or setup and another simple trading day.




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