0952 Looking to exit. This kind of trade has to be exited quickly when the premise, i.e. a quick run down is wrong.
My thinking exactly, hence the quick exit. Looks like I was right anyway, as we kissed 106 25. 1 tick off my call is close enough.
So far the turning point times have been continuation points after a very brief consolidation. Keep in mind this is all very short term, i.e. a 1 to 5 min chart.
I should have posted these earlier. 106 19 106 14 106 09 So far today, we are following a pattern that goes back to June 19. This pattern indicates further lows possible today, through 1400. Remember, I day trade so the above paragraph is long term for me.
1107 CST I'm looking for one last sell today. Target would be 106 14. I believe that the break of 106 24 is significant, and I'm looking to see a further move down. It is possible that a target of 105 31 might be possible over a few days. The second paragraph all depends on how price behaves now at this 106 24 level. In any event, one more short trade for today at a price between 106 21 and 106 26 is my goal.