| Gap Up Long
Before You Start:
In this Gap Up Long, the ES never tested the low or the opening price. Because of that, the ES was net positive all day long. |
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Gap Down Long
In this example, the ES gapped down at the open. It then tested a pivot line (S1) and retraced back to the opening price. The entry was taken above the trigger bar when it was confirmed by TICK strength. The stop was 2 points, for a good reward/risk potential. As you can see, the initial entry was stopped out. But, patience and persistence paid off and, after the price tested S1 and held again, a 2nd entry was taken and paid off nicely. Additional positions could have been taken on the 5/15 MA cross and on the price cross above the prior session’s close. |
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Disclaimer: The strategies are believed to be accurately presented. However, they are not guaranteed as to accuracy or completeness. Nor is it guaranteed that using them will result in profits or that they will not result in losses. Past performance is not a guarantee of future results. Only risk capital should be invested in the market. All investments and trades carry risk, and all trading decisions of an individual remain the responsibility of that individual.
