Dow Futures 60-minute trade

[Matt Bowen]

Not the best setup, but we are looking at a > 2 to 1 on the Risk/Reward. As of 10:45am we are almost a 100 initial Risk.

[Matt Bowen]

As you can see the trade did not work out and has been closed out at a loss.
Keep in mind this when a trade closes above the 100% inital risk line I like to move my stop to breakeven (the entry line). As you can see in this trade we did not have that happen thus making the trade an exitat the stop level. It's only a trade, so we need to get ready for the next one. :)