Why are they taking it back to 4065! Ask yourself these questions. No crystal ball, no magic pixie dust, just pure understanding of why price moves.
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Behind the Ticker
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Why asked the iron butterfly?
Why would we trade back to 3850-3800?
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What sort of trickery is this! We went towards 4200 and now back to 4065? Is there some hidden rhyme or reason for such insight?
I just met someone the other day telling me how he lost 200k trading futures! I asked how long he's been at this, tells me since covid shutdowns. Do i feel bad for him? You think your a master in 2 years or less? Your just a minnow in a sea of sharks.
Now go do some selling
Think about this - short term trade - stops are now at 4058 - a long here now with risk under the low for 10pts. You got long at 4050 low tight stop hold for 10pts.
Wait, now I take my profit from the 4050 low because they will most likely take out the stops to head lower? Oh boysie, this is some trickery of a game they play.
Okay so now I take my 10pts, trail my stop? if it runs I make more, if it doesn't I let the market take me out and hold to 4050 or lower?