in these two videos, we'll start with a potential long on the GC. As always, we had a hypothesis (consisting of a setup and a trigger). In this case, the trigger (the price inflection in our "area of business") never happened, so we disabled the system.
Then we turned our attention to a setup on the ES: a gapfill trade with a target three points away. We entered manually (since it wasn't likely that we'd get another price inflection on a 4:1 Renko so close to yesterday's close). The gap was filled as expected, and we were able to remove some profits from the table.
Happy Friday and mindful trading!
Risk Disclosure: 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 ones financial security or lifestyle. Only risk capital should be used for trading and only those with sufficient risk capital should consider trading. Past performance is not necessarily indicative of future results.