I've lurked here for a while (I'm trading from USA).. Long time futures trader, 10+ years, but I admit I am continually learning. Scalped 2 longs, first one at 9am, 27300'ish and 2nd long at 27400. Both closed out in profit.
temporary resistance at 27,500. I'm definitely not trigger happy to go long at THIS point in the session.... Staying busy doing other things atm
I was up 25% first 2 months, then got rocked pretty hard. Decided to notch back sizing and leverage. Then this volatility spiked and I'm definitely keeping positions smaller. Very pleased to have ended my losing period and gotten back on track with things and reduced my commissions by moving to better brokers.
I do this fulltime, but I am retail, and I have very low living expenses. $50 a day is all I need for me and my 1 year old son. Gotta feed my baby, so I am fairly risk averse at this point, safety nets built into my trading, investing and lifestyle! I trade on a small percentage of what I have and pull out profits weekly.
The average day for me is to make 10-50 ticks and quit while I'm ahead. These volatile conditions, it's more like 100 ticks and call it quit.
My view for today is that we might around here at 27,500 but there's enough pressure to push it close to 27,800