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....no idea, will post some charts once i get clearer PA. thhis retracement isnt far enough away from days highs to be selling a quick spike back up to the 30s. for now anyway.
on the long side dont have much support til 94s area, hasnt been much retrace on that move up.
Can you help answer these questions from other members on NexusFi?
Interesting stuff was watching going on in the footprint, looked like an iceberg @ 40s - getting hit heavily & only briefly going offered and that was the last time it traded 40s....suspicious? signal to buy? thoughts?
and 1st blue area shows the flag on m1 at this iceberg lvl; and down arrows are potential setups but looked like nothing on m5.....
thks MacroNinja, you trade the bund/ty? timeframe?
only just started watching m1 yesterday....so far it has given some v good setups when the m5 is unclear (when PA is developing quite quickly/tight range), the last chart being a gd example, though target prices may have to be brought closer in.
Went long 50s the retrace down looked tired, 48s traded SL 45s & TP 60s.
But didnt think it would push up too much and closed @ 57 & 59 +16 ticks. now its 65 bid ha ffs. Patience, or just leave the office for 30mins, its a with trend trade & i am going with it.
edit: 47s traded so a 3 tick DD, & wasnt too bothered as rejected there quite quick for the rebound.
My market delta charts are not working & their CS are not awake yet. Am using my broker charts for now, which are not continuous futures, but as bund is at highs that matters little.
Attached H1 chart - looking to buy around 70s area. See what happens.
May look to sell around 02-05s, but wld prefer more time down here at the moment after the strong recent rally we have had & how close it is to the highs. I may wait to see if it breaks new highs, then fails to hold before initiating a short. M5 chart attached.....
