August 27, 2014

Channel Breakout Trading The NASDAQ Futures; SchoolOfTrade.com


Selling the channel highs after a trap allowed us to bank 17.50 points this morning on the NASDAQ!
In today’s video we see the NASDAQ failing to push through the highs of the channel and falling off a bit.


This gave us an opportunity to sell the highs of the channel and profit a solid $350 on the trade!

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Channels can be tricky sometimes and as this trade showed, a ton of people got stuck into the wrong side of the move only to be stopped out and have it fall in the complete opposite direction. Fortunately for us we caught on to this trickery and profited all the way down!

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