Range Bound Trade Trigger Long Dow Futures

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I am Long now at 44,437
120 tick stop
335 tick target


Market gapped down, flushed the lows, tapped the monthly open by a hair and closed back inside. My stop is under the low and under the monthly open. My idea is that is will continue bullish back into the range.

Price is forming a range and mean reverting around March's Monthly Open.



February's Monthly Open was used as Resistance




I am giving this trade idea a go and if it doesn't work out, who cares. I don't know the order of my wins and losses and I must take every trade in my system.

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İşlem elle kapatılmış

I closed trade at 4pm market close and got whatever the market was able to give me today. I got a little over 2 to 1. I admit my entry was not the greatest and I almost got stopped out by 5 ticks. I need to get better at after finding a good level, to then get a good entry. I tend to jump the gun a lot.