Thursday, March 5, 2015

Spike And Ledge Price Action Trading The E-Mini Russell Futures; SchoolOfTrade.com



Selling the Spike and Ledge Pattern highs on the E-Mini Russell allowed us to bank a gorgeous 76 ticks back down!

In today's video we see the E-Mini Russell catching a huge reversal off the lows in a very parabolic move.

This gave us an opportunity to sell the profit taking drop as a Spike and Ledge Pattern short and put away $760 on the trade!



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Spike and Ledge Patterns are one of the best ways to get into a range bound market and when you get as strong a push higher as we had this morning into that ledge, it sure is hard to stay away!


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