damn. dxy pulled back and cl jumped 30 ticks. 81.60 seems to be where buyers are - micro
scalping thats all one can do, unless hold like DC does for an hour or so.
someone asked me why i will go long at 80.32 and get out at 80.78 and now buy 81.82 ( at so much higher) ?
All I can say is to read Mark Fisher book " The logical Trader".
If nothing A up level of 81.82 and A down level of 80.29 ( based off my or) provides nice reference points.
I should have held my short as MF says after we had a late day C down. Oh well, will learn someday.
Did I say Mark Fisher is a GENIUS ?
It's tough for hedge funds, pension funds etc.. to deploy capital based on fib numbers, Volume profile etc...
But whatever methods one use, they do provide plenty of levels to trade.