February 25, 2016

Price Action Trading The High Failure On The E-Mini S&P 500 Futures; SchoolOfTrade.com


Selling the strong high failure off a retest of the earlier channel allowed us to pick up a gorgeous 7 point move lower this morning!

In today’s video we see the E-Mini S&P 500 Futures attempting to break down but with lack of proof until the HUGE bear candle joined the party.

This gave us an opportunity to sell the move down for $350 on the trade with only 1 contract!




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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. Levels of Support and Resistance CONSTANTLY come in to play — even after they are broken. It is important to keep an eye on those levels for potential opportunity just like we had today!


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