Directional type day to the upside?

07/21/2021 03:00 PM By Matt Ratliff
The markets continue to push higher following yesterday's trend day up, let's see how this has played out in the close.

Day - Wednesday

Opening Gap Direction - Up

Market Status - Trending up

Instrument - ES, NQ, RTY, YM

Trading SetUp - Long

Market Trend - Bull

Trade Type - Time Based Entry

Entry - 3:00 pm ET

Exit - 4:15 pm ET (Market Close)



Note:  Most tests/studies here are done going long using Future Indices.  This is done for several reasons; so you can easily compare different studies/tests, and because of the high correlation of these Indices to other instruments. The Daily IQ is typically an End of Day analysis without stops/targets.  You can use Discover to test/study other potential trades with numerous stop/target values.  You can make comments below.


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Matt Ratliff