Ten Point Buck

The second trade of the day was a Ten Point Buck. Although I've heard and used the expression for a few years, I had to ask my American wife where it came from in case it was nasty and didn't belong here. It's a hunting expression and describes a big male deer with 10 points on his antlers. So the second trade made 10 handles (points) per contract.

We scaled out of the first 1/3 as usual and then got a smell of a possible trend day. If you look at yesterdays' profile and the day before, the clues were there. I didn't have the room to put both the 24 hour and the RTH MP charts up but have a look at both if you can. Yesterday was a very tight day until the later part of the day. I split the day into 2 profiles and the breakdown with value accepted lower was a good clue. Then today the smoothed CVD turned to sell and didn't look like turning so we held on to the 2/3 until it turned.