The OTE Short sweet spot tag earlier today (847.52) represented an excellent shorting opportunity considering how far down the current 2hr OTE long sweet spot is ($580). As added confirmation, the trade itself setup off a nice bear momentum divergence. The fill took less then 9 handles of heat (where accepted risk was up to 40). The trade did take quite a while to come to fruition but it seems that once again patients and discipline pay off. Had I run a 2 lot, I would move my stop on the remaining 'runner' to break even and just see where the wind takes us.....like I said earlier, the 2 hour OTE long sweet spot at the moment is around $580!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.