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Fading The Range Breakout On The E-Mini S&P 500 Futures; SchoolOfTrade.com
Selling the range highs assuming failure to breakout gave us a gorgeous move back down for 180 ticks!
Price Action Trading is all about knowing the day type and knowing how to trade it at the right place at the right time. With such a well defined range and seeing EVERY breakout attempt fail, it is really hard to not want to sell the highs of any breakout move up but the important thing is that you give it enough room to whip around while also looking for the proper target. What a move today!
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