Last week, Gasoline futures setup for a counter trend trade. Since the trade was counter trend, we wanted to keep risk low so we setup a pull back trade instead of a breakout trade.
The current chart is shown below. Entry was 2.8239, initial stop of 2.7966, and a preserve mode value of 2.8801. The min. reward was .0562 with a max risk of 0.0273.
The trade was exited at 2.8718.
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EDUCATIONAL USE. Commodity Futures Trading Comission, Forex, Futures, Equity and options trading has large potential rewards, but also large potential risk and may not be suitable for everyone. You must be aware of the risks and be willing to accept them in order to invest in these markets. Do not trade with money you can not afford to lose. This is neither a solicitation nor an offer to Buy/Sell. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this document. The past performance of any trading system or methodology is not necessarily indicative of future results. All information provided on the Blog is for educational purpose
