Is it 96โ?๐ค... I have a Reasonable Doubt ๐ป
Summary
Touchรฉ. I just canโt knock the hustle ๐คท๐พโโ๏ธ. We told them bulls to fill the gap convincingly with high volume and closing candles. They tried. We watched futures this week as they sped through resistance line after resistance line in the overnight sessions.
Maybe they could take us higher? Well they tried.
Still no volume, still no broad market buying or fundamental economic changes in outlook. Certainly nothing that warrants a long positon. IMHO.
My Plan
Nothing much has changed since the last post.
Really im still focused on 3 indicators for this afternoon that could signal a big move (up or down.)
1. Volume relative to breakthrough @ S&R lines
2. Reversals of gaps (just saw 25200/25500 reversal) 15:00UTC
3. Institutions selling off โvaccine stockโ
Do we roll over today? I donโt think so...
Unless we see more red flags
- Continue to take profit sideways.
- Targeting 20 pips in either direction (Ripnโdip mode) in the afternoon session.
- Holding all short positions down to the 23300/22800 TL
- If we close above 25500 but below 25600 (watch overnight Highs and Lows)
- If we close below 25200... expect to attempt the 25600 line again tomorrow before rolling back.
- Adjust stops up to stay in play for the big short - and play again tomorrow.
Currently Short Hedged at 3:5
Outlook
โTwenty Two Twosโ: โCan the Short on the โUS30โ work in the longer term?โ
โUS30โ: โcan I live?โ
Iโll confess the doubts are growing... but its not reasonable to assume long postion as yet - at least until the signals match up. Be your own judge and jury but ... โIโm out for dead presidents to represent meโ - just like you.
Quote
โOnly two things can get you through this: thatโs patience and persistence.โ โ Jay-Z
๐
โโโโโโโโโโ
Importantโ๏ธ:
Whether you agreed or disagreed with this article, hopefully you found it useful. Please remember to like, comment and follow.
Letโs support each other to improve and learn more strategies together.
โโโโโโโโโโ
Disclaimerโ๏ธ:
Please do NOT use my ideas as the basis for any financial investment.
These strategies are time, price and market sensitive and are intended for educational purposes only.
-โโโโโโโโโโ
Bio ๐ ฑ๏ธ:
Charles Sankara. Global Traveller.
Equity Day Trader. Founder. Ex-Company Director. 10yrs @ Global Investment Bank
London ๐ฌ๐ง
Rotterdam ๐ณ๐ฑ
Nairobi ๐ฐ๐ช
โโโโโโโโโโ-
๐
Touchรฉ. I just canโt knock the hustle ๐คท๐พโโ๏ธ. We told them bulls to fill the gap convincingly with high volume and closing candles. They tried. We watched futures this week as they sped through resistance line after resistance line in the overnight sessions.
Maybe they could take us higher? Well they tried.
Still no volume, still no broad market buying or fundamental economic changes in outlook. Certainly nothing that warrants a long positon. IMHO.
My Plan
Nothing much has changed since the last post.
Really im still focused on 3 indicators for this afternoon that could signal a big move (up or down.)
1. Volume relative to breakthrough @ S&R lines
2. Reversals of gaps (just saw 25200/25500 reversal) 15:00UTC
3. Institutions selling off โvaccine stockโ
Do we roll over today? I donโt think so...
Unless we see more red flags
- Continue to take profit sideways.
- Targeting 20 pips in either direction (Ripnโdip mode) in the afternoon session.
- Holding all short positions down to the 23300/22800 TL
- If we close above 25500 but below 25600 (watch overnight Highs and Lows)
- If we close below 25200... expect to attempt the 25600 line again tomorrow before rolling back.
- Adjust stops up to stay in play for the big short - and play again tomorrow.
Currently Short Hedged at 3:5
Outlook
โTwenty Two Twosโ: โCan the Short on the โUS30โ work in the longer term?โ
โUS30โ: โcan I live?โ
Iโll confess the doubts are growing... but its not reasonable to assume long postion as yet - at least until the signals match up. Be your own judge and jury but ... โIโm out for dead presidents to represent meโ - just like you.
Quote
โOnly two things can get you through this: thatโs patience and persistence.โ โ Jay-Z
๐
โโโโโโโโโโ
Importantโ๏ธ:
Whether you agreed or disagreed with this article, hopefully you found it useful. Please remember to like, comment and follow.
Letโs support each other to improve and learn more strategies together.
โโโโโโโโโโ
Disclaimerโ๏ธ:
Please do NOT use my ideas as the basis for any financial investment.
These strategies are time, price and market sensitive and are intended for educational purposes only.
-โโโโโโโโโโ
Bio ๐ ฑ๏ธ:
Charles Sankara. Global Traveller.
Equity Day Trader. Founder. Ex-Company Director. 10yrs @ Global Investment Bank
London ๐ฌ๐ง
Rotterdam ๐ณ๐ฑ
Nairobi ๐ฐ๐ช
โโโโโโโโโโ-
๐
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