Quick Emini day trading video today showing a nice Short trade. Amateurs re-testing the highs, expecting a breakout, get wrong-footed – turns into a nice trend move to the downside.
Emini Day Trading Setup (1,500 tick)
Here’s the 1,500 tick chart showing the “Fade the Amateurs” setup:
- Exhaustion buying volume followed by Bearish divergence
- Professionals active on the highs, taking profits and getting Short
- Amateurs buying the test of the highs, expecting the rally to continue
- Final cyclical turn with very low buying volume and Bearish divergence
Good luck with your Emini day trading.