Thursday, July 31, 2008

E-Mini Opening Gap Fade - ES

5 minute chart

(Double Click Picture for a Larger View)

E-mini: ES (S&P 500 futures)
Entry Green Line: At the Open - 9 point Goal
Stop Red Line: 7 point stop
Result: 9 points - sell once gap is filled

Notes: I take these from time to time pending on multiple factors. Indices have a high tendency to fill some point during the day. SSO and SDS are also good for fading the open with.


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