Saturday, January 10, 2009

An example of some of the things we'll look at in this blog

Saturday, January 10, 2009

I wanted to show you this Footprint chart. This is a pattern we see again and again. We are only really interested in taking these types of trades at key levels. 918/919 has been a potent level for several weeks now. Below it, we were biased to the short side as the market had already broken below this level on a prior day. So when the footprint confirmed our bias there was no reason not to jump in.

Hope it helps.