At 11:00 am Risk was clearly coming into the OFF territory but the indices were already too far in Bull Zone passed R2, so I concentrated on the 30 Y Bond and place my sell stop at the RQC 7 right below Bear Zone 1 which provided an attractive entry.I set my stop loss at $300 and my profit target at $200, The trade went sideways for 2 hours getting positive $93.50 and then negative $125.00 but I was confident and did not mess with stop and target. Yes I could have taken a few more ticks but only had 1 contract. What counts for me is when I entered the trade and why.
MY NEW MOTTO IS WHAT DO I SEE! – WHAT DOES IT MEAN? – WHAT DO I DO?
Pierre S. – RQ Insider Member