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bought 75s (SL 70 / TP 88) first time down, nice initial move away to 81s and didnt mind the 2nd rt, but the 3rd time & i was out @ 72/71s -8 ticks incl commissions. wld have got stopped at 70s with the norwegian fig, but i really like this area - plenty of demand imo.
Can you help answer these questions from other members on NexusFi?
SL 68 / TP 94s filled at target - great place to reverse! was happy with the area, liked the way it rebounded off 69s after the earlier fig. Prob pushing my TP a little there but got it.
Log attached + 34 for the day.
Another losing trade to start with! Once i get more confidence at really good levels i will extend my stop loss & 'maybe' average down, at the moment its a learning process.
looking at the M5 it looks pretty bearish - it felt that way when it was down there - there was a quick retrace to 77s which got rejected very quick & if i was a super sharp shooter with my own quants team, colocating in eurex building exchange then i may have got in!
M5 & M1 charts attached.....
Next levels below this is 65s (just breached it), 55s & then 30s - looking for consolidation & poss reversal of intra day dt. Re shorts: need to do some work on setups but 83s look like a level of interest.
levels from 50-75s (yest hourly bull flag) just looks like one big zone of poss consolidation (liquidity - looking at prev PA). cld be some time before the market plays its hand.
nice dtl @ circa 85s in attached chart, waited to see how that price wld trade - and too slow to hit 84s & my 10 tick TP 74s just traded but wldnt have been filled - the one concern is the 5 or so HLs on the 15min means value moving up (?), 74s traded 19 lots....its just retraced 84 bid. price is looking for value & the upside looks stronger at the moment imo.
(reminder to also making note of the 'missed' trades which dont work out, but so far am leaving a lot of dough on the table by not trading some of these).
