a. ONH 1354.50, ONL 1346.00
b. NVPOC's at 1351 and 1358
c. ON VPOC at 1349.25
d. Confluence of yesterday's high at 1357 with NVPOC
e. Confluence of ONL with S/R at 1346.00
f. 252k CBAVOL, OAIR, really low volume
g. Up, hit 53, come on. Selling off now. Missed the short entry for that. Wasn't comfortable taking it that far from the ONH. Another couple of ticks and maybe
h. Seems to be struggling around 48, not sure of relevance of this level
i. Climbing again now, maybe a run for the high
j. Nope, turned down and heading south, maybe will go for a test of low. Low volumes today.
k. OK so it's loitering around 48 again - don't feel convinced by this.
l. Missed that one too.
m. Heading towards 4pm. Interest rate decision at 17:30 and FOMC at 19:00
n. It is not chopping around the VPOC which is at 49.25 but it looks like it is distributing
o. Short, market order at 1348.75 @ 16:04GMT (1) at 1 x risk.
p. I have taken this on the premise it will rotate further down.
q. Wrong - it's coming back to the VPOC and crossed it.
r. Struggling around 50, if this is churning around the VPOC I can play ping pong too.
s. Short, market order at 1349.75 @ 16:12 GT (2) at 1 x risk. Average price now 1349.25 @ 2 x risk.
t. Now I am looking for rotation around the NVPOC of 0.5pts to get 4 ticks, albeit with increased commission.
u. As it is now way past 4pm, I do not trust any tests of the 46 and 54 areas hence I have changed how I am trading - to take advantage of a choppy market where price rotates in small gyrations around the VPOC under low volumes whilst everybody waits for the news.
v. OK, there is blows, out market order at 1348.75 @ 16:58 GMT
w. 4 ticks profit before commissions
x. MAE, 4 ticks from average, MFE 42 ticks, exit efficiency 10%
y. Best trade, probably test of RTH-L for about 12 ticks.
z. Tricky conditions today.