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Old 09-17-2008, 06:31 AM   #217

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Re: The "Flip" Trade (support and resistance changing roles)
Hi Pat, what timeframe are you using on that chart ? thanks Walter.
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Old 09-17-2008, 07:26 AM   #218

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Re: The "Flip" Trade (support and resistance changing roles)
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Originally Posted by walterw »
Hi Pat, what timeframe are you using on that chart ? thanks Walter.

Hi Walter,

Yes I am using 55Tick charts on that one.

Yes it was a complete ranging market, so I lost around 25 Euros on those trades.

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Old 11-22-2011, 07:01 AM   #219

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Re: The "Flip" Trade (support and resistance changing roles)
Such a simple idea and yet so often a really profitable method if executed well. This is just the same as a trade I took yesterday in the ES. Broke through IB low, extended, retraced to IB low, made new lows. Cracking trade.

Take a look at this thread for the chart:-

Day Trading the E-mini Futures
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