Chart courtesy of AMP Trading, get a free demo account and paper trade.

Detailed Tradin for ES Emini ESZ9 for 10-06-09

Fairly easy day to trade as the set-ups were much clearer than yesterday’s chart.  Once again I passed on a mediocre short trade as the price action just seemed to far away from the 89 period SMA.  Had a couple of nice trade, that required no special skill.

The action bounced around R1 at the onset then finally broke through that level and meandered the rest of the day, though you can clearly see area of support and resistance that developed.

Hope everyone had a great day trading.