5 Minute Chart
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E-mini: ES (S&P 500 futures)
Entry Green Line: 1234 Short
Stop Red Line: 1242
Result: Out 1224 - Plus 10 points
Notes: I like to fade the opening gap when it sets up for a high probability trade. Determining if its a high probability trade requires studying past results for fading the opening gap. I use a service that I highly recommend that focusing mainly on fading the opening gap. I make only 5 or 6 trades a month with this setup but it gives me another weapon in my trading setups. I will do a write on the service sometime in the next week or so. In the meantime I recommend taking a look at Master the Gap that I have been a member of for some time.
Stop Red Line: 1242
Result: Out 1224 - Plus 10 points
Notes: I like to fade the opening gap when it sets up for a high probability trade. Determining if its a high probability trade requires studying past results for fading the opening gap. I use a service that I highly recommend that focusing mainly on fading the opening gap. I make only 5 or 6 trades a month with this setup but it gives me another weapon in my trading setups. I will do a write on the service sometime in the next week or so. In the meantime I recommend taking a look at Master the Gap that I have been a member of for some time.
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