Wednesday, January 21, 2009

E-Mini Opening Gap Fade - ES

5 minute chart

(Double Click Picture for a Larger View)
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Stock:ES emini
Entry Bar: 1
Entry Green Line: 815.25
Stop Red Line: 823.25
Result: 8 points and out

Notes:I used Master the Gap that I have been a member of for some time, to confirm my thoughts on fading this gap. Like the fact my stop was above the daily pivot. Weak market as of late (what else is new) so I am more aggressive with fading up gaps.

* The setup grade is based on rules outlined in my business plan & not for the end result. Feel free to post any trades you made today that you would like commented on.

Learn to trade gaps

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