Morning short on the 6E
Hi Traders, check out our morning trade, basically a bear flag (and retest of previous support) that we traded to the short side.
The details:
1. Support breaks, and we're expecting a retest (see white rectangle on Trading Chart). The white rectangle is our 'area of business'.
2. As price moves up towards our area (where we expect resistance to hold and price to turn), we switch the system to SHORT: we want to go short on the price inflection in our area of business.
3. Price inflection arrives, and we are entered into a short trade automatically by the system at the price inflection.
4. Trade management is automated for emotionless consistency (with the option to take over manually if needed).
Mindful trading!
Pullback (short) with the Remek! System Futures, foreign currency and options trading contains substantial risk and is not for every investor. An investor could potentially lose all or more than the initial investment. Risk capital is money that can be lost without jeopardizing one's financial security or lifestyle.
12noon update:
Watching the 50% Futures, foreign currency and options trading contains substantial risk and is not for every investor. An investor could potentially lose all or more than the initial investment. Risk capital is money that can be lost without jeopardizing one's financial security or lifestyle.