May 14, 2015
- in Uncategorized by schooloftrade
Price Action Trading The Channel On The E-Mini S&P500 Futures; SchoolOfTrade.com
Buying the first channel test on the E-Mini S&P 500 Futures allowed us to put away a quick 48 ticks!
In today’s video we see the S&P coming back to the channel lows and VERY strongly rejecting it for a beautiful reversal candle.
This gave us an opportunity to buy that failure back up to pocket $600 on the trade in just over 5 minutes!
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Channels are admittedly my absolute favorite price setup and if you ever see prices respect them this aggressively it is hard to go wrong. We have a virgin channel low, HUGE rejection candle, closes bullish back high… tough to ask for much more than that!
Channels are admittedly my absolute favorite price setup and if you ever see prices respect them this aggressively it is hard to go wrong. We have a virgin channel low, HUGE rejection candle, closes bullish back high… tough to ask for much more than that!
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