Solid Trend with Midday Reversal "Doji Day"

Yesterday's 15 Minute Close Bar = Down @ 1301

Yesterday's TREND = UP

Yesterday's Power On Close = Strength

Today's Open = Gap UP (points) 

Result = Morning bounce then up trend to 7bar, 8:30 Peak, 9bar reversal

Today's TREND = slightly UP / Doji

Today's 15 Minute Close Bar = UP @ 1310.00

Today's Power On Close = Weakness

Daily Volume = 1.66M

Today's $TICK close = Down @ -108

Today was another Gap Test that found an early bottom and headed north for the first half of the day. Found a top at the Dead Zone Peak time of 8:30 as Pro's began heading for the doors the market was unable to find its way out of Bear channel.

15 minute chart showing todays action

BEST TRADE OF THE DAY
The Best Trade of the Day was the pullback to the previous days trend line @ 6:00, Tested and  confirmed at 6:30 with a break above the previous bar, then gave a last chance entry @ 6:45 before peaking at its Max @ 7:00. 
I did see and react to this opportunity but closed out early on the pullback below the trend line. Did i believe the trend was changing? Stay focused on the WHOLE picture, remember a change in trend takes time it wont be an immediate turn.


What did I do Well?

Accurate daily forecast and morning Ice breaker trade went well

My morning routine was good and I discovered some relaxing stretches to add to the morning routine.

I was able recognize the best move of the day and had a great entry, but moved stop up too quick and was hit for break even on one and closed out a loss too early on the next good looking trade.

What Did I do Poorly?

I took a horrible trade that was not setup nor had any confirmation at all, I entered as a revenge trade for the  good trades that got away this morning. The loss lead to one more dumb trade .

I started getting frustrated at this point and recognized this fact, so began writing how i felt down

The losser was Against the obvious trend, I was focused only the 500 tick and jumped in impulsively.

The early Mistakes did have an effect on my thinking early today. The mornings are the highest probability times and i cant afford to be upset during this times.

What was the quality of my Thinking? and Feelings
At times I did think about my last trade, I wanted to know specifically why i closed out 1 tick too early without letting it hit my stop at which point the price reversed and RAN in the intended direction. Why didnt i re-enter? I must keep the whole analysis in the forefront of my descisions, meaning if we forecast an early up trend at least to the 7bar then why not re-enter. Did my confidence decline? did this lead me to question my analysis? Stay focus on where price is likely to go intra-day

ie. previous days S/R, Overnight Trend 7&9bar zones.

How will effect my progress?

"I you ain't making mistakes you ain't trying or learning"

These mistakes are the building blocks to my success as a trader, I know i shouldn't trade against the trend and that they can cost me in many ways but everyday I'm getting better at catching these mistakes and correcting them.

Solutions?

Keep making mistakes, as many as needed to drill the lessons in

I have the solution to most of the mistakes I make its just a matter of executing the solutions with practice.

Also Entrainment with heart and mind must be applied during the trading session. My focus should also include some techniques for coherence and entrainment prior to and during the sessions.


Stay focus on where price is likely to go intra-day
ie. previous days S/R, Overnight Trend.

Intangible Observations

Forecasting is only 1 third of the battle, another third is Execution and the last third is money management - FEM - each one of these needs the other.

When viewing Block bars look a the actual axis and note the tick direction, it may be a clue.

Re-evaluate the TREND after 8:30, use trend lines for good visuals.
The Overnight trend/ S/R S/W will show it hand in the open, Thus we must be ready to respond to test of key areas immediately.