DislikedHow dit you know the TICK traders were setting a top at 6933..?? i think you mentioned...Ignored
in short it was the tickvol distribution at ~6920 tapering down as price went up but then 6933 was getting a lot of ticks on it and above it there was no price action.. so i gussed someone was selling it hard there. time passed and i got bored thinking they might try run up but they didn't get to do that and price fell to 6900, baby!
i think i sold it once or twice but not aggressively enough only to get +1 stops eaten up as I have been away. oh well, that's business.
looks like people are buying 6900 also so somethings gotta give soon. if it doesn't before rate news it could whipsaw like a banshee. gotta try cover it somehow. aussie likes to get a range like this before rates so will have to catch it better next time.
grist for the mill
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