bid / ask combat at 106 13 and 106 12 looks to be nicely in our favour for shorts. 5 min and 60 min neural network (my own stuff) are both soundly negative. I may hold for lower prices rather than getting out for small profit as I got in late.
Holding for more because you got in late is actually a very bad decision and not to be followed. A target is a target, no matter where you get in. My first target is 106 12, so technically I should look to get out at 106 13 or 106 12, and maybe hold 1 contract for better prices.
OK, a brief update. How should I have played today? I had a sell all set to go at 106 18 somewhere during the 0735 bar. Sleeping baby gets up and wants milk. Pass on the trade. 106 18 to 106 13 / 106 12 would have been all I was looking for today with a 4 lot. More to come later.
0839 CST A small amount of weakness. Will it continue? If you are cautious, get out at the re-test of the low of the day.
0949 This is it for tests of the low, at least for me. If we don't break 106 12 soon, try to get out at 106 13 or 106 14. Bottom line with multiple contracts, get out of half or more now.
where did you get in and out? I am holding my shorts still looking for a little more. If not, no big deal, my stops are now very tight.
Shutdown workstation. "Step away from the keyboard, and raise your hands slowly." There is a reason for this. I just completed day 7 of 7 profitable days, with no losers.