As does tend to happy quite a lot, some of the levels have been tested either in the overnight session or the opening 30-minutes of RTH. (I like the first 30-minute range to form before entering trades).
Some ideas for today:
1) Sell at 1267.50
Stop at 1270.25
Target at 1264.25
This is a New Beginning area from the 9th July.
2) Sell at 1272.75
Stop at 1275.50
Target at 1269.50
This is the Point of Control, very well-defined, also from the 9th July.
I'm still trying to strike the right balance, when it comes to trading tactics, between entering too far ahead of the levels (like last week) or too close (this week).
Feeling pretty down as I missed a couple of trades by tightening the entries this week. Just goes to show though that with the most "potent" levels you could probably get away with the tightest of tight stops.
Also, as I'm using a short-only strategy, partly to get in the queue as quick as possible, this week has seen the price generally trading above the key pivots.
Waiting for the first 30-minute range to form definitely adds to the effectiveness of those levels not tested in that time. For example, today the Daily Pivot Point only got tested in the second half hour and ended up being the exact low of the RTH session.
Thoughts for next week
(1) Slightly more aggressive entries next week.
(2) Pleased with POC, weekly POC and PP.
(3) Single print method in conjunction with subsequent half hour rule is an improvement on the way I used it in the first week.
(4) Keep a record of the last 5 Daily POCs and note the untested ones, but no further back in time.
(5) Keep to the relatively small list of "potent" historical resistance levels. These can go back as far as rollover day (e.g 1268.00 and 1300.50).
Finally, I've been testing the patterns casually against the Bund, so maybe I should do that a bit more formally.