SPX Long
I have a buy limit on SPX.
This range has been greatly respected, looking to take an aggressive entry upon touching this level of support.
The way to trade a ranging market, is by finding the obvious level of support and the obvious resistance level, then decide if the range worth trading, small ranges typically aren't the best to trade in my opinion.
My buy limit is on the bottom of the range and I have a 100 pip SL with a 300 pip TP at the top of the range 3:1 RR.
Entering on limit orders are higher risk/higher reward than entering on a close of candles so make sure you are managing risk.
This range has been greatly respected, looking to take an aggressive entry upon touching this level of support.
The way to trade a ranging market, is by finding the obvious level of support and the obvious resistance level, then decide if the range worth trading, small ranges typically aren't the best to trade in my opinion.
My buy limit is on the bottom of the range and I have a 100 pip SL with a 300 pip TP at the top of the range 3:1 RR.
Entering on limit orders are higher risk/higher reward than entering on a close of candles so make sure you are managing risk.
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