0935 Out at 107 18 on half and 107 17 on half. I might call it a day. If you think about it, we've spent roughly 2 hours in a range that cycles around 4 - 6 ticks. Yes I know the high to low is higher, but the reality is it has been a 4 - 6 tick range. Very difficult to make money on such a narrow range.
Today's lackluster volume and range leads me to believe all of the big players went to the beach! I am trying to squeeze one more tick out of this and I am DFD. el surdo
Just to close out today's posting, I got out at 107 22. I tried for 107 23 but didn't get filled. I think that is it. This has been a grind all day.
On the previous post you wrote: >>we are short below 107 16 and long above 107 16.>> ...but then you took a long position @ 107 15: why?
I was simply stating that the hourl NN had a solid line at 107 16 and as long as price stayed below, then I would probably be short, not that I was short at the time. It was a general observation. Note that my buy was a solid 30 minutes after the post about the hourly NN. 30 minutes is a long time for me. I went long for a number of reasons. I saw WG activity. WG = working group, and I'm just being funny by using that phrase, but somebody is "working" it, if you know what I mean. Whether it is program auto trades, Goldman Sachs, the Fed, I don't really care. I just recently discovered this and I mentioned it a few days ago. This WG stuff I will keep to myself. Other than some hints from people here and there, as well as some publicly available PDF's I discovered the footprint and the calculations on my own. My 5 min NN was long. It has a similar S/R structure as the hourly but obviously the S/R's are closer. The simple 1 min MACD was showing positive signs. We had a new CPSR at 107 13 which I had written previously to keep into account. We had an approaching CP which I suspected would result in a spike up.