August 4,2009

Summer price action continues with lots of chop. Targets, including some market profile targets are limited to 2-3 ES points. Difficult environment where a little chopiness can get you stopped with 1:1 risk reward. Slightly negative thanks to the the ZN bond trades which may need to take a seat soon. Couple of nice trades towards the end of the day including a runner long (is it possible to sell off at the close anymore?) minimized the damage. Until tomorrow.