There were some good buying opportunities already, but what do you do when shorting might not be the answer and also not want to buy the highs…
Click image to enlarge
Wait for a pullback is the answer, like in the screenshot shown you can see it pulled back to the LVN area ( Low Volume Node ) and caught buyers there. This was confirmed on BookFlow, showing the current and historical order book, where you can see the interest in buying the ES at 2622.00.
While this is not always as perfect is it was just now, it will often give you high probability entries or exits.
Futures trading contains substantial risk and is not for every investor. An investor could potentially lose all or more than the initial investment. Risk capital is money that can be lost without jeopardizing ones’ financial security or lifestyle. Only risk capital should be used for trading and only those with sufficient risk capital should consider trading. Past performance is not necessarily indicative of future results. Hypothetical performance results have many inherent limitations, some of which are last updated august 9th, 2017 described below. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown; in fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading program. One of the limitations of hypothetical performance results is that they are generally prepared with the benefit of hindsight. In addition, hypothetical trading does not involve financial risk, and no hypothetical trading record can completely account for the impact of the financial risk of actual trading. For example, the ability to withstand losses or to adhere to a particular trading program in spite of trading losses are material points which can also adversely affect actual trading results. There are numerous other factors related to the markets in general or to the implementation of any specific trading program which cannot be fully accounted for in the preparation of hypothetical performance results and all which can adversely affect trading results. Testimonial disclosure: Testimonials appearing on this website may not be representative of the experience of other clients of customers and is not a guarantee of future performance or success.
Please confirm you want to block this member.
You will no longer be able to:
See blocked member's posts
Mention this member in posts
Invite this member to groups
Please allow a few minutes for this process to complete.