March 3, 2016
- in Uncategorized by schooloftrade
Buying The Fake Break Low On The E-Mini S&P500 Futures; SchoolOfTrade.com
Buying the fake break lows this morning allowed us to pick up a gorgeous move back up AND a reload for 136 ticks!
In today’s video we see the E-Mini S&P 500 Futures attempting to breakout lower but out of a strong range which is unlikely to hold.
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Price Action Trading is all about knowing the day type and knowing how to trade it at the right place at the right time. Ranges are my personal favorite environments to trade because they are SO predictable and this trade is exactly what I mean. Breakouts are so unsustainable when they are strong ranges that you can get away with buying the lows of them using small stops and HUGE reward targets!
Price Action Trading is all about knowing the day type and knowing how to trade it at the right place at the right time. Ranges are my personal favorite environments to trade because they are SO predictable and this trade is exactly what I mean. Breakouts are so unsustainable when they are strong ranges that you can get away with buying the lows of them using small stops and HUGE reward targets!
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