Quote:
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Originally Posted by Summerset
Amend limit shorts to become:-
Short 1% @ 3750 + 1% @ 3770 + 1.5% @ 3790. SLs @ 3800 / 3825 / 3840
Targets 3680 & 3630
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SL hit for (1%) 3750 fill @ 3800
Position currently composed of 2.5% Averaging 3782 (3790+3770)
Take SL --> 3845, Same TPs @ 3680/30.
If the index records higher values on the 4hr frame coming 2-3 bars, we will notify to bail out by leaving limit order @ 3782
At the moment despite the outburst of volatility, reading is still bearish.
A double top or tranculated impulse could be forming at current levels. So our stance is to capitalize on shorting it so long as the 4hr reading remains negative.