Yesterday's 15 Minute Close Bar = Down @ 1308.50
Yesterday's TREND = Tight Range/UP Trend
Yesterday's Power On Close = Strength
Today's Open = Gap Up (16.5 points)
Result = Gap UP and Range Bound Drifter.
Today's TREND = Tight Bullish Range Drifter
Today's 15 Minute Close Bar =UP@ 1328.50
Today's Power On Close = Strength
Daily Volume = 1.87M Below Average
Today's $TICK close = UP@ +773
Daily Market Bias = -0.143 Strong/Moderate RANGE
Today was a Continuation Ranging day with slightly Bullish implication.
NOT a good trading environment, when turning small profits on these day its best to go to the beach and enjoy your day.
4500 tick look.
TRADE OF THE DAY
There was 2 trades of the day both 500/1500 syncs. These setup very slowly and were good for 4-5 points.
The Range was so low that I had to really think about the trade of the day, but once you ask yourself IF their was a trade of the day you can usually find one. This probably means that YOU didnt catch it.
1500 tick. Arrows show the entry.
WHAT I DID WRONG
I could have been more respectful of my market BIAS, i ignored it today and found myself on the wrong side of every trade. Fighting the trends are my worst vice and cost me everytime.
INTANGIBLE OBSERVATIONS
on the open look at the 5 minute for the first few bars to get a clearere picture of the volume signals, today we had low volume down bars a shakeout and testing of lows that did not show up on ticks.
We also had an Upthrust and No demand bar on the 15 minute 7bar zone.
4500 tick look.
TRADE OF THE DAY
There was 2 trades of the day both 500/1500 syncs. These setup very slowly and were good for 4-5 points.
The Range was so low that I had to really think about the trade of the day, but once you ask yourself IF their was a trade of the day you can usually find one. This probably means that YOU didnt catch it.
1500 tick. Arrows show the entry.
WHAT I DID WRONG
I could have been more respectful of my market BIAS, i ignored it today and found myself on the wrong side of every trade. Fighting the trends are my worst vice and cost me everytime.
INTANGIBLE OBSERVATIONS
on the open look at the 5 minute for the first few bars to get a clearere picture of the volume signals, today we had low volume down bars a shakeout and testing of lows that did not show up on ticks.
