Zb

[rathcoole_exile]

Tuesday, an early Short from R3 @ 162'12
target S3 @ 161'26

 

[rathcoole_exile]

Tuesday, the pre-ORB range was a nice tight '14 to '08
I was tempted to add more shorts when price broke below '08
but as I was already in a short from '12, and had taken some heat up to '14, I held off from adding more contracts

s0, short from 162'12 still in play, but we have a massive support at last week's Low of 162'01 to get through

 

[rathcoole_exile]

Wednesday, another tight pre-open range,
163'18 to 163'13
so first plan for the day will be to play the breakout for a move of 5 ticks, stop of 5 ticks

but as the overnight trend coming in to today has been strongly Up, if the breakout occurs at 163'18,
I'll also trade that as a Long from trigger 163'16, with T1 at 163'24 and T2 at 164'00


so a confident Long break, or a cautious Short break on the cards...

 

[rathcoole_exile]

Wednesday, another tight pre-open range,
163'18 to 163'13
so first plan for the day will be to play the breakout for a move of 5 ticks, stop of 5 ticks

but as the overnight trend coming in to today has been strongly Up, if the breakout occurs at 163'18,
I'll also trade that as a Long from trigger 163'16, with T1 at 163'24 and T2 at 164'00


so a confident Long break, or a cautious Short break on the cards...

so -5 on the first short trade

then +6 and +12 on the long trades

(volume/order flow dried up measurably as it was nearing 163'31, 164'00
so i got out just short of target at 163'30)

+13 so far today


I'd like to see a weak re-test of 164'00, which is the monthly R3,
and with price so far extended to the upside, we could well see a sharp fall
That's hypothesis 1

Hypo 2 is it blasts through 164'00, but would need significant confirmation from volume/order flow

Hypo 3 is the downturn is already in play and I've missed it from 164'00 with no re-test

 

[rathcoole_exile]

Thursday, pre-open Range, looking for a break from 163'31 or 163'22
I think the 9 point target would be easier to reach on the downside, given the significance of 164/164'01 but let's see .....

After that.
Hypo 1 is for a strong push through 164, this heavy resistance from monthly R3

Hypo 2 is a test of 164 and decline

 

[rathcoole_exile]

Thursday, pre-open Range, looking for a break from 163'31 or 163'22
I think the 9 point target would be easier to reach on the downside, given the significance of 164/164'01 but let's see .....

After that.
Hypo 1 is for a strong push through 164, this heavy resistance from monthly R3

Hypo 2 is a test of 164 and decline

well the break/Hypo 1 worked out well, but not without a little pain, 5 ticks off-side before the big push found it's energy

not sure what to do now around 164'16, maybe time to shut up shop for the session, but might keep an eye out for excessive volumes, if any

 

[rathcoole_exile]

maybe i need a second brokerage account, so I can keep the pre-ORB, and the '00/'16 trades separate .....?
it's getting messed up trying to do both methods simultaneously from one account

 

[rathcoole_exile]

Friday pre-ORB range 165'03 to 164'28
usual range break out play

followed by
Hypo 1 - continuation of strong recent upwards trend from 165'00
to test high from 7 April of 165'27

Hypo 2 - carry on above 165'00 but look for signs of exhaustion and weakness around '16 before we reach those highs