Back to the Futures!!! Hello everyone and welcome to THEFREEDOMGRIND, your source for market information and Day trading education!!! Early this morning, there were multiple opportunities to trade the /ES mini – S & P 500 mini. Let’s have a look at the chart and I will describe exactly how the trades went down.


The image above is the /ES mini futures chart from this morning 3/26/2019. This is the 5 min chart from 2AM until 9AM this morning. I want to share with you a very solid trading pattern, and one that I was able to capitalize on this morning. Notice the upward trend right in the middle of the chart. I traded this multiple times with 2 contracts, buying the dips back to the 9 EMA just like I would have done in equities. One thing I want to point out, is that if you look closely at the chart, you will see that I actually did not buy into the first dip! Why is that? I used that first dip, and reversal to validate the upward trend! I bought into the next dip and placed my stop about three ticks below my purchase. My exit strategy – to exit the trade anytime after 4 ticks to the upside has been reached. My average throughout these trades was 5 + ticks. ( a tick is the measurement or increment that futures contracts move up or down, stocks, move in money terms I.E – cents, futures move in ticks.)

As you can see I made several trades based off of the exact same pattern, all worked in my favor.This pattern I have used many times, like anything in the market though, nothing is full proof, but it hasn’t let me down. I hope you enjoyed the in depth recap of these trades, if you have any questions post them in the comments section, we are always interested in your input.

Here at The Freedom Grind, we love to talk about the market, and help in any way to make anyone/everyone a much more efficient Trader!! To support our operation Hit the LIKE button at the bottom of the page! If you would like to be notified when The Freedom Grind posts, hit the FOLLOW button and receive an email whenever we post market related news, our trades, and market analysis!

Published by Eric Jobb

Hello everyone, my name is Eric and I am the founder of TheFreedomGrind. I love to trade stocks and futures, It's my passion, and I will never go back. I have taken time, money, and energy learning the market. There is no secret trick, no gimmick that will get you closer to being profitable. It will take time, money, and energy to make gains as a day trader. I created the blog and the YouTube channel to provide as much useful information about trading to anyone who has the desire to become a trader.

Leave a Reply


%d bloggers like this: