Futures not lining up with cash here. Need to stay away until it does. It could be a nice buy for the rest of the day but it doesn't have confirm from cash at the moment. ---Cash rules futures--
The buy signal that I called out earlier I think will end up just being a bounce without legs. I could be wrong but I play by my rules at all times and the futures buy signal is not lining up with cash---at least not for longer term.
If wrong, then that's fine. That's why I use leverage--so I can take trades that hit my parameters for Prudent Risk Management and not worry about missing trades. One of the major features of PRM is legs.
I have been just taking shorts on deep retracements, perhaps your "Prudent" aligns with my well back tested risk/reward, I don't see Prudent in much of trading, prudent to me sounds too wishy washy, I go strictly with stats based on past of course.