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Gd morning, as per prev days most of my trading occurs once the PA develops, & levels are noted but unlikely traded til further confirmation of PA. Again no bias, yest failed to close below the low of the prev day 'pin bar', cld be a pullback of longer term trend - who knows.
Heres hourly chart with areas of interest:
Be careful of any ECB bund buying today. Market opened just above yests close.
Shorts:
~I had the 82/84 level marked in but am bit averse to trading this early - it did come back for retest & failed to make HH which wld have been a gd entry though a tight rr with TP to 72s (which have traded a little since). This level is no longer valid.
~ 00s is nxt level up.
Longs: 72s is a small support (this just broke), shld be more support coming in @ 60-65s (albeit blurred) area. & around 50s level.
nothing standing out - did a small scalp long 61s cos the rr was too low due to poss resistance back into bear flag 66s - 4/5 tick TP only, i paid 58s on 1 lot. -3 ticks (again to start the day).
drilling down to 1min chart though provides gd setup for a long just off the lows & wld have hit 10 tick TP (into the bear flag). chart attached.....
perhaps i shld drill down then if nothing is clear?
this trade held over those figs (which were largely unchanged) - luck? cld have lifted/put bid in the 60s if you were super sharp shooter on the mouse. but too close for me, i went in 55 bid for a little extension down cpl of mins after, nowhere close - just traded 79s (will post chart up later).
plan next trade & watch a vid on bond yields from yesterdays mkt.
short 79s setup as per 2nd arrow on attached chart - i didnt tag the level earlier cos PA was so congested in the target area - but it still made the 10 ticks fairly easy. nice confluence with the trendline.....
(first arrow up is the long 60/61s).
Waiting for the mkt to show its hand before reevaluating, for now.
Nice trading/commentary!
Have been flat all morning-looks like people are just pushing each other around in congested areas for my trades (different to what you look for obviously).
One thing I don't do, which I certainly should, is mark out the open price. First retrace back to that and things can tend to get interesting.
Thanks r.e. the AMP futures advice, have messaged them for total round trip costs i.e. including exchange fees etc.
