ES- inflection points for Feb. 1, 2017

Yesterday’s trades

ESH7 Jan. 31, 2017. 60-minute bars.

The early birds had a nice opportunity for a two-way trade in the ES yesterday.

The price reached Nat’s Keyline early, then dropped overnight to her Buy level.

From that point it reversed and moved back to her Keyline for the exit. Each leg was worth about $450 per contract.

However the price dropped below her Buy level by before it reversed.Traders using a stop loss smaller than four points ($200) were stopped out of the trade.

Today’s workbook

Download link: (170201-daily-trading-worksheet-ES.pdf, 255KB)