Hi Everybody,
Yesterday was a hard day, but there was one trade that I would like to look at in a bit more detail. And that was the TS3 sell at 10:54 on the ES and YM.
But first, let’s look at the Gap Down on the open. As the more experienced traders among you will know, gaps will normally “get filled”. So taking a trade where the market is trying to “fill the gap” as we had on the ES yesterday should always be vieww3de with caution. So this was the first sell on the 3min ES yesterday and was just the second one as well.
But this leads me nicely onto how markets do unfold differently. On the ES the 10:54 sell had “not quite” filed the gap, so let’s look at the YM in the next post.
Thanks, Steve
Yesterday was a hard day, but there was one trade that I would like to look at in a bit more detail. And that was the TS3 sell at 10:54 on the ES and YM.
But first, let’s look at the Gap Down on the open. As the more experienced traders among you will know, gaps will normally “get filled”. So taking a trade where the market is trying to “fill the gap” as we had on the ES yesterday should always be vieww3de with caution. So this was the first sell on the 3min ES yesterday and was just the second one as well.
But this leads me nicely onto how markets do unfold differently. On the ES the 10:54 sell had “not quite” filed the gap, so let’s look at the YM in the next post.
Thanks, Steve
Posts
