How Best to Utilize FuturesZen
Now that day 2 of the new premium service FuturesZen Trade Advisory is in the books I wanted to take a few moments to recap exactly what it is and how best to use this information you in your trading. To put it simply we are using the Dow and Gold Futures to trigger a buy or sell signal on each of those markets. We send an email daily that has the exact level to enter the trade and a range where you should start to take profits. We also define the risk by providing a stop loss that lets you know that the chances of this trade working out have significantly decreased and it's best to take the loss and move onto the next trade. Losses are a part of business but not taking them will put you out of business.
Let's walk through Wednesday's trade to illustrate exactly what do you do once the alert is triggered?
Here is the exact levels sent out to members on Wednesday during the pre-market. (Some trades will require you to participate in the extended sessions). As you can see there was no gold call that day and only a long trade possibility that day. Not everyday will there be a setup as we never want to force a trade just for the sake of providing a call. We look for high reward/risk calls.
Here is a chart of the Dow Futures on Wed from 6am pst – close. Here you can see it hit our buy level of...
See the chart, and continue reading at Zentrader here.
The preceding article is from one of our external contributors. It does not represent the opinion of Benzinga and has not been edited.
Posted-In: Dow futures Gold futuresLong Ideas Short Ideas Trading Ideas