Currently viewing the tag: "Universal Reversal Trades"
Prices retraced back down into the middle trimester, which is a no-trade zone. If prices drop down into the lower trimester, then take short trades down to 1039.5 or possibly the mpc at 1045.25. Note that the current low shown on this chart is also the high from yesterday, representing a gap fill and support [...]
Note prices are already above the Fib trimester so just wait for the VPC to hit.
This was essentially a break-even trade. Notice how the entry was just above the signal, using a trailing stop-limit method of execution.
ES short signal approaching @ poc
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