Intraday Bias: Emini S&P Runaway Long (Signal ID – Runaway Long)

By Lawrence

Runaway Long is a chart pattern on Emini S&P 5-minute that works well as a scalping setup on the long side. It is also a pattern to watch out for if you are playing counter-trend against a strong up day. It gives you early warning that your counter-trend play may have failed already and that it is time to bail.

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Comments
  • skippy July 20, 2015 at 2:35 pm

    If 1pm and 2pm are triggered….but 3pm fails (eg, can’t stay above R2), does that suggest a reversal? Do you have stats on that?
    Thanks for these…

    • Lawrence July 20, 2015 at 7:24 pm

      context matters –

      if all day going up, last hour will likely not able to sustain a close near the high.

      if there was a correction mid day, the last leg up will have teeth

  • skippy July 21, 2015 at 7:46 am

    Yesterday’s session being an excellent case in point!

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