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Yesterday was odd in Bund - had some good action and then later just deflated like drippy balloon 2 weeks after a kids birthday party.
1- Got short on the pullback to VWAP (thick orange line) at 161.16 after the good high in the IB and rising RVOL. Took the 1L off at the LOD.
2 - We had an A-down again on good RVOL, I got short on the touch of OR low - unfortunately A-down failed and then we moved to OR high.
3 - I looked for C-up (going against what I said the other day about holding a big stop on C trades) - big buyers stepped up at OR high and I hit the offer. RVOL was decent and we had an immediate extension. Stop was at OR low. I held the pullback to OR mid where I would have added if I had another lot to trade - only $100 till I get the extra margin. We then had the second extension. The market ONE TICKED my target where I would have netted a nice 32 ticks. The market started to pullback again. I thought fine I'll be patient and hold the trade as context is still all good.
Then RVOL as you can see starts to decline and we pullback to VWAP. I know I may be holding till US Open. I moved my stop to -2 to OR high as the market really should hold at VWAP.
The drift of death occurs, RVOL is dead and I get stopped -2... Annoying when all stars were in alignment before.
The market for the rest of the session rotated around the OR.
Don't think I did too much wrong today, just probably the first sign of the light Christmas market.
Is long for obvious reasons, as per yesterday but extra cautious today and trading 2 lot size til i get 2-3 winning swing trades.
Throughout US morning will look for long levels at ETH vwap/day SD1/OR & IB highs etc,. and hopefully get some confluence, but i wont be stepping in front of anything, it will be watch and wait and probably lift of the offer after a small bounce.