Pulling The Trigger
I got a Friday afternoon setup in the spoos for everyone – the setup is too juicy.
I just can’t help myself – although the odds favor the other direction right now there is MINIMAL risk in taking this trade with a stop just a few ticks away:
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This is really very simple. I’m going to take a long position here expecting to get stopped out just a few ticks away. My stop is somewhere below those two hourly BBs – where I won’t tell you as I don’t want everyone to use the same stop and attract the bots.
Zero subs: For your convenience I have also painted a support line on the Lite.
Again, this is a low probability but high return setup. If a miracle happens and we bounce here then it’ll ensue a short squeeze. Suffice to say that I will be out of this trade one way or the other by 4:14pm EDT.
Alright folks ZERO EMOTION here, okay? Either we get stopped out by a few ticks (highest probability scenario) or we make a bundle. So put that trade in, set your stop and then just forget about it until the session closes.