/ES S&P Futures 07/04/12

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At a glance, logical areas to watch.

Right now price is at the top of a channel that

started at the beginning of June. 

I'm short looking for a pullback.

I've held from /ES 55 and taken NQ hedged long profits  

In my world of trading, I must always be prepared for the craziest scenario. 

Analyzing charts is easy because there is nothing at risk other than your ego

nor is there a psychological factor that may influence a change in direction. 

A trade to match the analysis brings in the psychological factor and risk associated

with following such analysis. 

Thanks. I've had quite a few of these recently and I try to stay away from posting $s. It may be small to some or large to others.

It doesn't matter because it's right for me. My point being is that when you have a decent read on the market and are fully transparent

in your actions, it's nice to back it up every once in a while. That may be a screenshot of entry/exit or P/L. 

Either way I think it's better than quoting yourself and saying, 'see, I told you so'. (which I was guilty of in the past).

My levels are showing a dynamic low today of 41.75. 

This being dynamic, it's subject to change (go lower) as 

volume by price moves in. 

Daily POC on the 5min chart is at 47.25 for reference.

pretty close bottom call by my levels 2 hours ahead.

LOD 42.25 

Well then we're saying the same thing. 

If nowwhat backed up his actual trades with his analysis instead

of 'I told you so' then that'd be awesome. 

new post and charts

http://www.hotstockmarket.com/t/238458/es-s-p-futures-dont-forget-the-channel-07-10-12