Tuesday 10 December 2013

Today's TF trade

I have been waiting patiently for CL to come down to my demand zone of 97.80/90, so I decided to look for another trade and was looking at both the ES and TF range charts.

Price had moved down during the Globex and then based.  Once I saw a breakout above limit sell orders with a delta of 60%, I entered with a limit order.  Price had difficulty breaking through resistance, but once it had done so, my target was hit soon after.

I must thank the programmers at BMT (Silvester and Futuretrader) for improving the delta imbalance (divergence) indicator, which now enable to let me see when buyers and sellers are breaking out with aggression.

here are the screenshots of the trade








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