Kardec Trader shows a Nasdaq futures setup: buy when price touches 680 and shows buying interest, target 695, scale out at 703, move stop to breakeven. Aim for roughly 100 points of profit with defined risk.
Let's say it's opening like this and it's going into 680. Last two numbers, 680. Now I'm looking to see if it taps 680. As soon as this is tapped and I see that it's giving a reaction, I'll take that entry long into, let's say, 695. Okay, I take one contract off here. 703, I take another contract off here and I see that it's slowing down. Okay, I'll set my stop to breakeven back here at 680. I'll see where it goes. You know, if I can get 100 points out of it, great. If not, you know, it heads back down to breakeven, I get stopped out and that trade is done. Kārdec Trader.
