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Today's observation, avoided the losses, but also missed the gains..
Well, the weekend has passed, and there are currently no significant updates on the macro front or news.. We can only continue to wait and see how the situation develops after the U.S. stock market opens..
Looking back at yesterday, it was right not to be aggressive.. Both aggressive ranges would have been stopped out.. However, I also didn't catch any meat below 116000.
Although I know that there will be some movement after the CME opens, the buying pressure is still too strong.. Only 3 days of liquidity were injected.. Continued to leave liquidity below 116000 for a week.. None of the manual grid orders I placed between 116000-115000 got filled.. ε=(´ο`*))) Sigh
Let's continue to look at the technical aspect..
Looking back at today, it's just been a three-day process of liquidating the ups and downs of liquidity... I first cleared 116600, and just now I cleared 119000... Most of the short-term positions have been taken care of, and it seems we will continue to trade until the opening of the U.S. stock market tonight...
On the order, there are currently large orders for contracts and orders at 120,000.. Previously, I placed an order at 119,800 but missed it by a few dozen USD. (This was yesterday's high short strategy)
Will there still be a chance after watching it..
Today's thinking.. The high position has already been tested once at 120,000 but didn't get filled.. The next test here might break through.. Test liquidity.. Then let's place split orders.. Half of the regular position above and below 120,000.. This way, the stop loss can also be moved up to 121,100.
Consider being aggressively short in the 118200-118500 range.. Today's area of concentrated positions + today's previous low.. If it breaks 118000, exit.
If it breaks, I won’t place a buy order in advance and will just watch the market. I’m still waiting to buy below 116000.