November 25, 2014

Price Action Trading Breakouts On The E-Mini Russell Futures; SchoolOfTrade.com

Selling the fake-break of the highs of consolidation in the down market allowed us to bank a solid 109 ticks this morning!
In today’s video we see a fake-break of the highs of consolidation after a failed break of the lows as well.

This gave us an opportunity to sell the failure back down to the lows for a gorgeous $1,090 this morning!

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Consolidation happens VERY frequently and when the market is balanced, a breakout rarely ever works out. I go the opposite side of things and look to fade these breakouts back into t he range assuming they will fail.

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