Why are they taking it back to 4065! Ask yourself these questions. No crystal ball, no magic pixie dust, just pure understanding of why price moves.
What sort of trickery is this! We went towards 4200 and now back to 4065? Is there some hidden rhyme or reason for such insight?
I just met someone the other day telling me how he lost 200k trading futures! I asked how long he's been at this, tells me since covid shutdowns. Do i feel bad for him? You think your a master in 2 years or less? Your just a minnow in a sea of sharks.
Think about this - short term trade - stops are now at 4058 - a long here now with risk under the low for 10pts. You got long at 4050 low tight stop hold for 10pts.
Wait, now I take my profit from the 4050 low because they will most likely take out the stops to head lower? Oh boysie, this is some trickery of a game they play.
Okay so now I take my 10pts, trail my stop? if it runs I make more, if it doesn't I let the market take me out and hold to 4050 or lower?