For sure, I grabbed a small trading amount yesterday when we
came off that 4,210 around 4,215, though was kind of surprised we
didn't test a little further down...really didn't line up with any
good area after breaking the 4,220 January support again..maybe
that was a Pinocchio probing type of deal before it finally held
again there.
My goal was to look for an initial move to fill the gap at 4,277
from the other day and it looks like we are getting that this
morning in the pre-market, then after that, trail and look for the
other upside targets. That 4,295-4,300 area would be next.
Would have been nice of course to have a larger trade amount,
though the risk/reward just wasn't there. Really felt like I was
trading in no man's land and would have scaled to protect if we
went lower and took it from there. Tough market to say the
least
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For sure, I grabbed a
When there is no trend in medium term price action ...
Posted by fundamentalvalues on 11th of Mar 2022 at 06:46 am
For sure, I grabbed a small trading amount yesterday when we came off that 4,210 around 4,215, though was kind of surprised we didn't test a little further down...really didn't line up with any good area after breaking the 4,220 January support again..maybe that was a Pinocchio probing type of deal before it finally held again there.
My goal was to look for an initial move to fill the gap at 4,277 from the other day and it looks like we are getting that this morning in the pre-market, then after that, trail and look for the other upside targets. That 4,295-4,300 area would be next. Would have been nice of course to have a larger trade amount, though the risk/reward just wasn't there. Really felt like I was trading in no man's land and would have scaled to protect if we went lower and took it from there. Tough market to say the least