Profitable breakout trading as per the textbook? Day Trading

In the trade review section, I walk you through the exact breakout trade just like the textbook demonstrates, plus a few nuances to help you increase the winning rate. Check out the video for a complete walk through of the daily market analysis of S&P 500 futures (ES) for 20 Oct 2020 trading session. In this video, I show you the market recap during the last session and trade reviews in the three-minutes timeframe (including entry, exit and the rationale behind). Going forward, I will cover the bias, the key levels to pay attention to, my trading plan for the session later.

Check out my daily market analysis video in the last session if you haven't in order to better relate to the market recap and the trade review.

Bias - neutral (Day trading); bullish (long term)

Key levels - Resistance: 3490–3500, 3460; Support: 3390-3420

Potential setup - Look for potential reversal at the key levels.

Disclaimer: The information in this presentation is solely for educational purpose and should not be taken as investment advice.