Post Match

9:28 -1 @ 4399 +1 @ 4405 -6
After battle on volume over early levels with a bias to the downside I expected a bounce off 4392 which was top of friday's Value Area so I tried to ride the last of the move towards the target.

Throughout the morning I struggled to find a reason to trade as the market did not swing as much as last week, so decided to wait and see if the US would provide an excuse.

14:59 +1 @ 4411 -1 @ 4401 -10
Given the circumstances, 1 trade seemed too little for the whole day, so I decided to get involved after RSI was oversold and there was decent volume, expecting this to be the indicator for a a push to further recovery.

The afternoon session confirms the market seems to stay within the day's range, and may continue like this till the first bit of data is release on Wednesday.

16:37 +1 @ 4400 - 1 4405 +5
Placed a resting order in case price reached the day's extremes, which was hit. Took profit after a reversal, hoping to get back in at the same level. Still keeping size to the minimum and using tighter stops to keep possible losses at a minimum.

17:45 -1 @ 4425 +1 4426 -1
Upper extreme of the range expecting bounce, tried to scratch after coming back from onside because of risk of breakout, lost 1 tick in the process.



Conclusion, preparation from rather disparate ranges from last week provided very few levels to play with in the comparitively tight market of today. Situation is likely to change by Wednesday.

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