Today's trading was setting itself for a typical day after trend day. There was no disappointment as the early oscillations provided excellent opportunity.
From the channel that formed in the premarket activity I took a long position 5 minutes into market open on the bottom of the channel and moving average support on the volume chart.
3 contracts for 2,2,1 points provided a good end to the week. I decided as it was a Friday to stop there and preserve my gains for the week. I did note however the sell of a significant resistance level (purple arrow); the top of the channel and off the the previous day support/resistance price of 1092.5 (thick blue horizontal line). This provided plenty of scope to get the outlier day that Don miller discusses donmillerjournal.blogspot.com/2009/06/video-trading-outliers.html
Here's to next week with continued consistancy - just need to push for those outlier days!
