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@iPipper427 , That was my trade Sunday Night , just thought I'd try to catch a little move down. I thought it was going to work but the bulls were a little to anxious I guess. I was short a 3 lot, I saw price trade at 1.2280 then I lost my internet connection . I had to close out the trade and cancel everything the old-fashion way, by phone. Basically the trade ended up a wash, after a lot of frustration.
I figured my internet connection would come back up in a few minutes but it never did, I went to bed. This morning it still wasn't working. They came out here checked some stuff and replaced the cable from the pole to the house this afternoon, it appears to work fine now, but I'm a little gun shy.
Can you help answer these questions from other members on NexusFi?
I'm sitting on a cautious long, ave in at 1.2378 stop at 1.2369 ish I'm optimistically looking for another 30 ticks here in this no mans zone between 1.2381 and 1.2414 Given the opportunity I might just take some cash and leave.
IMO, this was one weird session. I believe there were a lot of traders standing on the sidelines looking for that perfect low risk entry that never came, or they took an early holiday . My volume profiles were ugly and jagged, B Band signals were all within tight ranges and had to be carefully managed and I don't think I saw any bars completely outside either the +2 or -2 SD bands of the VWAP or the B Bands. My idea for higher highs in my last post went out the window quickly when price couldn't drag it's ass out of the +2 SD band. There was a naked POC up there that intrigued me but it takes enthusiasm to reach for those. I sold the Sell Number, and targeted a naked POC on the 2am V Profile of yesterday.
Your question about holding. No, I wouldn't have held that particular long near the top into news, but if I have a lead on a trade and feel it's in a decent trend I'll hold one through MOST of the overnight news. I also look to see where I'm at in the Volume Profile. If I hold into news I want the trade to withstand a 14 point "shock wave," I consider 14 points normal price rotation. That's why I want volume around me and a defined direction, people get out prior to news, then get back in,,,, then get shaken out, that's the shock wave.
I'm confused. The 6E hasn't hit 1.2270 yet. It's still at 1.2321. At 3:30 (EST) this morning, it was around the 1.2380 range. How could you have shorted at 1.2270 ? ? ? Post a chart? Thanks.
After all, it's what you learn AFTER you know it all, that counts!