FMG buy trades
I left this long open with the iron ore price moving considerably higher overnight, I've attached the daily time frame to highlight there was a small pull back today and the RVOL was down but compared with the monthly average still elevated. Match price closed out flat during after hours and it's aggressive given the uncertainties with China to leave this open with the full position although I didn't get any clear indicators to exit this trade. For tomorrow if the iron ore price again keeps moving higher I'll leave this trade to play out during the first hour with a push back over 20.50 will be on watch alternatively a move below 20.20 with lower RVOL compared with what we've seen recently will be the exit sign and I'll leave this one to chop around.
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