Long Setup in 30-YR Bonds (ZB Futures)
In tonight’s video, we discuss the long setup in the 30-YR Bonds (/ZB) which gave us an opportunity to catch a nice reversal.
For our first contract, we risked 8 ticks to try and make the same 8 ticks, giving us a 1:1 risk reward ratio.
After hitting our first target, we moved our stops up to break-even to see how high was high for our remaining contracts.
We also look at two stocks – BLUE and AXSM. BLUE gave us a heads up of a potential trending play for tomorrow, while AXSM gave us a beautiful fade trade, good for +1.5% from our entry.