Buying the opening bell trap reversal this morning allowed us to put away a HUGE runner for 220 ticks on the NASDAQ Futures! Check the post out here: http://www.sidewaysmarkets.com/2015/05/opening-trap-trading-e-mini-nasdaq.html
In today's video we see the NASDAQ catching a huge spike lower on the open and immediately failing back higher again.
This gave us an opportunity to buy the failure higher for $1,100 on the trade with only 3 contracts!
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The opening bell can cause a whole bunch of volatility in a market and this is a great example of how to use that information to your advantage! We saw the sellers swoop in on the open and smash the market lower with absolutely no follow through where the buyers stepped right back in again.
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