As can be seen from the chart above, price action has been chopping between the Wednesday HVP and the 61.8% retracement of the Tuesday/Wednesday HVP. This is a weak signal that has me looking for further weakness below the Wednesday HVP if price cannot mount a charge above the retracement level. I say this because we have a "trend day" with price trending 106 ticks in the 24 Hour Session and 70 ticks in the Regular Session. I am currently in a YM short due to momentum signals that fired prior to doldrums setting in.
Morning results, so far, are presented below:
YM: +18 ticks (equal to +$90 per one contract position)
ER2: +10 ticks (equal to +$100 per one contract position)
No comments:
Post a Comment