Dow Jones Futures CPI Long Trade 5 to 1 Potential

I am long right now with my fill at 40,012. Now that we have broken out, CPI will continue the momentum and I am targeting the next area of liquidity at 40,280. I am using a 50 tick stop and my target is 40,279 for a 5.34 to 1.

I plan on holding through the news because I don't believe price will return any lower and if it does, then I am out and I will regroup.

Note

Note

This was my two trades today. Market did not follow through with what I was wanting. I took a small loss before the news and got back in at a better price. I then took my standard 3 to 1 target on that first news candle. Good thing I did too, because this CPI day is chop garbage. Up 2.5% today and done.

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Dow_Jones_Maestro

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