January 25, 2016
- in Uncategorized by schooloftrade
Price Acton Trading The Channel Pattern On The E-Mini S&P 500 Futures; SchoolOfTrade.com
Selling the channel highs allowed us to get in early to the move down for a total of 109 ticks in the end!
In today’s video we see the E-Mini S&P 500 Futures grinding their way lower from range to range with weak bear channel resistance.
This gave us an opportunity to sell the channel highs for another break lower and $1,362.50 on the trade!
Watch more videos on Day Trading with Price Channels HERE!
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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. Sometimes you come in and the market just looks like it is dead asleep and that is exactly what we have today. The sleepy attitude of the market means we have to be cautious if the setups don’t look perfect but when they get better and better we can easily add more to the trade to put away some BIG profits!
Price Action Trading is all about knowing the day type and knowing how to trade it at the right place at the right time. Sometimes you come in and the market just looks like it is dead asleep and that is exactly what we have today. The sleepy attitude of the market means we have to be cautious if the setups don’t look perfect but when they get better and better we can easily add more to the trade to put away some BIG profits!
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