Tuesday, December 2, 2008

E-Mini ES Gap Fill Short

5 minute chart

(Double Click Picture for a Larger View)

E-Mini: ES
Entry Green Line: 829.75 SHORTStop Red Line: 831.75
Result: Out 818.50
Notes: Homework showed  high probability of a gap fill with opening resistance. Prior trend was down with a weak open. This is example of once your target is achieved t not get greedy as price quickly bounced long.

No comments:

Disclaimer

I DO NOT MAKE RECOMMENDATIONS TO BUY OR SELL SECURITIES - I JUST POST TRADES I MAKE OR FIT THE RULES OF MY TRADING PLAN ON A DAILY BASIS. DO YOUR OWN DUE DILIGENCE - YOU ARE RESPONSIBLE FOR YOUR TRADES, INVESTMENTS, AND DECISIONS! ALL CHARTS COURTESY OF TRADESTATION, SCHWAb & TD AMERITRADE