Today's GC trade, as it turned out, provided an excellent example for both a discretionary entry and the Remek! System's built-in profit-grabbing algorithm at its shining best.
The details:
1. At 10.15am or so, we observed a retest of yesterday's close. We made a decision to take the next LONG trade by switching the system into LONG mode.
2. A few minutes later, the (rather expected) 'stopout' occurred, at which point we were dragged into the LONG trade by the system automatically (since we were in LONG mode, with Auto Enabled already).
3. A few minutes later the pullback was followed by a sharp run-up, hitting our first target.
4. Our second target was removed from the market automatically by the System's built-in profit-taking algorithm as the sharp run-up gave us the first red candle. As often with our EXIT algo, it was the most ideal exit from the trade, as can be seen in the video.
Never a better time to check out what the Remek! System can do for you!
Stay mindful,
Ferenc