Dow Jones Limit Buy Entry Trigger 42,027

1 Apr

I am placing a limit order for a long position at 42,027 in the anticipation of a pullback to support. My stop is 150 ticks ( based on the 115 tick ATR ) and my target is 2.5 risk to reward or 375 ticks. Will I know if this support level will hold? No, and I don't need to. To me, this is a great location, and I am willing to put risk on to find out.

I am bullish the next three months and so, will mainly look for buy setups when they present. This trade, I am buying the level and not waiting for confirmation.

If you take the same trade, manage your risk as any trade can fail.

1 Apr

Dagangan ditutup: hentian tercapai

I was filled and stopped out just a few moment later. I feel like this still was a good trade. On ES, it would have been a winner. The Dow spiked down too far. It just as easily could have been the other way around. I chalk this up to random probabilitly.

ES:



Dow