Professional prop trader active mainly in the S&P500 (ES) and German Bund (FGBL) futures market. I also swing trade currencies in a spot account when I see demand / supply zones being confirmed with price action. #CONTEXT.IS.KEY
Unfortunately missed the last supply zone (blue) and thus wont be happy to sell until we test a fresh liquidity zone. Again, looking for 1R on a core position, and will be holding a smaller position for a potential larger move.
Looking for a potential bounce on the first test of this new demand area that preceded that rally. Resting orders placed in the market with small risk (not at my desk!!) but will take this as a 1R trade.
The ES-Mini has a distinct tendency to bounce off high volume areas on the first re-test. Im watching around here for a reversal pattern - NOTE this is not yet a buy call as no signal has been seen as of yet.
Watching this area closely for signs of buying activity.