Thursday, May 21, 2015

Price Action Trading The NASDAQ Futures Trap; SchoolOfTrade.com



Buying the HUGE rejection on the lows allowed us to pick up the massive reversal for 108 ticks this morning!

In today's video we see the NASDAQ trapping the lows by 1 tick and completely rejecting the move lower.

This gave us an opportunity to buy this failure for $540 on the trade with only 2 contracts!





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Traps are strewn through the market EVERYWHERE. Being able to pick up on when they happen is key to trading and they are the setups the produce immense moves like we had here with a 20 point rejection higher!


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