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Tope
Jun 6, 2019 2:42 AM

Does history really repeats itself? Short

E-mini S&P 500 FuturesCME

Description

If the price behaves as described in the chart, enter the trade at the yellow line:
Stop loss is the red line;
Take profit is the green line;

Comment

The trigger is a clear fall below the yellow line

Trade active

Due to the decreasing volume, we are going in with a tight stop (giving it a bit more space, 2850) as the session approaches closing time. This option renders us a very good Risk Reward. We aim to sell at the yellow line and rebuild the position later.

Trade active

Trade is still open as we fail to close above 2850. If the prices does not revert now we will most likely be out of this position.

Trade closed: stop reached

We close the trade as we close above 2850
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