Tuesday, March 1, 2016

Buying the Bull Flag Pattern Breakout On The E-Mini S&P500 Futures; SchoolOfTrade.com

Buying the breakout of the Flag Pattern allowed us to pick up a solid 81 ticks this morning!

In today's video we see the E-Mini S&P 500 Futures attempting the breakout higher on the Flag Pattern with a to-the-tick pullback retest.

This gave us an opportunity to buy the pullback bounce for $1,012.50 on the trade right back up again!

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Price Action Trading is all about knowing the day type and knowing how to trade it at the right place at the right time. Flag Patterns like the one we saw today are gorgeous areas to be looking for entries and when you can get a pullback test which ends to-the-tick before turning around, you have one HECK of a trade on your hands!

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