I'm looking for ever opportunity to be short in this market after a large run up last week. Taking this newly created breaklevel at 4370. Hoping it respects that breaklevel and continues downward. Putting my stop at the next breaklevel above at 4374.
Took 4370 Short Managing Trade. Seemed like a good trade location under the first level our group set for the day. Trend seems to be down. Hoping for a large move.
Price has moved greater than 6 points from POC short. Looking for an entry. Expect a reaction off this 30 min Breaklevel. We shall see.
Price is hovering right around POC so it makes it difficult to take a trade here. In our group we use a 6 point POC rule. Where we need to be at least 6 points in either direction of POC or the tendency is for price to revert back to POC.
After a week of strong bullish moves the asia and london overnight sessions were choppy at best. This continued into the RTH session. Back and forth through the opening. Need new level development to trade.