if the price holds POC. omega entry on GJ will be good to take. since L50 seems to be swapping to sell zone. Grade B risk here.
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high EV play here on GJ will be if it pulls back to PD AVWAP and we go long in 2 breaks - 1st position after tag and rejection of PD AVWAP 2nd position will be an addition once price clears and sustains over POC.
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part risk in. will add upon tag and rejection of PD AVWAP. I have given this position more room to move by putting SL below the low volume node.
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above comment - something like this
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both positions active
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GJ has been trying to clear today's AVWAP but hasn't succeeded yet. good thing that I started with 2 positions. 1R tagged in the second position and so I was able to book 0.8R on it, reducing overall risk on this trade. PS. I did not over risk on this trade. my original size for Grade B is 0.3% so I started with 0.10% on 1st position and 0.20% on second one.
so essentially I can't lose money on this trade. even if it stops me out now, I will walk away with small profit. decent risk management
Trade closed: target reached
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both positions off. booked. it's NFP friday to day so I am not going to get greedy now. Cheers
@jemmayeowart1991, good. are you in this position? see how beautiful the rejection from PD AVWAP was.
Osiris992
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@Osiris992, cheers mate. good day for GJ longs today
jemmayeowart1991
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I got in yesterday at 182.986, I’ve just added another position
Osiris992
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@jemmayeowart1991, great. I looked to go long on GJ yesterday as you can see on my published idea from yesterday. but I couldn't get in. it presented entry late NY session beyond my trading hours. so I got in today on pullback.