Filled at 112 27. Target is a re-test of lows. Tight stop. Do not let this one trade against you! Use a tight stop. Accept the 4 tick loss if necessary!
0755 - 0820 We are in a tight rectangular range of 112 25 <=> 112 29. Now price tells us what the next move will be. We may get stopped out, but after the 0730 move, and per my earlier pre-open post, I'm biased to the short side.
Consider exiting. My posting is distracting me from trading...so no more minute by minute updates. Final post, consider exiting with small loss at 112 29. Successful re-test of 112 25 112 26 will lead to new short order OR test of 113 01 => 113 03 will lead to new short order.. No more posts for awhile, too distracting.
Anyone using pyrapoint? Pretty amazing isn't it, the way it nailed the 0745 low, and this 0835 move? No, I don't base my numbers off of it nor do I base my observations previously posted off of it. I merely keep it up to indicate a possible time turning point, not a price turning point.
I didn't get filled on my stop. As my neural network CCI is pointing down, and as the kiss of 112 31 is close enough to the important 113 01 number, I'm just going to let it stand for now. A failure to penetrate 112 25 soon is indicative of the need to stand aside, i.e. exit trade for small loss or small profit, depending on your entry. My entry was 112 27.
If anyone looks at Fib numbers, 108 250 on the 10 year is important and 112 23 on the 30 year. I don't look at Fib nor do I base my numbers off of Fib, but it is interesting to note the level, especially on the 10 year.