Tuesday, December 2, 2008

E-Mini Opening Gap Fade - ES

5 minute chart

(Double Click Picture for a Larger View)

Stock: ES (S&P 500 futures)
Entry Green Line: 829.75 SHORT
Stop Red Line: 837.75
Result: Out 818.50
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 recommend taking a look at Master the Gap that I have been a member of for some time.

Learn to trade gaps






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