September 30, 2013
- in Uncategorized by schooloftrade
E-Mini ES Day Trading Strategy; SchoolOfTrade.com
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| E-Mini ES Anchor CHart |
We open the VIP chart and we see some very important clues
that change our opinion of where we should be trading this morning on the E-Mini
S&P.
that change our opinion of where we should be trading this morning on the E-Mini
S&P.
First, we see the price-action closed at the highs on Friday,
which is a VERY BULLISH clue.
which is a VERY BULLISH clue.
Second, we see the BIG GAP DOWN which tells us the sellers
are indeed in control.
are indeed in control.
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| E-mini ES VIP Chart |
Third, we see the opening-print is very bullish, with a big
green candlestick, followed by another bullish candle that closes above the
high of day. This tells us that whatever
caused the sellers to be in control earlier has changed and now we want to buy
on the way up to the PLOD and then buy more above the PLOD with the profit-target
at the PHOD.
green candlestick, followed by another bullish candle that closes above the
high of day. This tells us that whatever
caused the sellers to be in control earlier has changed and now we want to buy
on the way up to the PLOD and then buy more above the PLOD with the profit-target
at the PHOD.
