Yesterday's 15 Minute Close Bar = Down @ 1329.00
Yesterday's TREND = Reversal Day, down in morning till 8bar peaks, up till close
Yesterday's Power On Close = Weakness
Today's Open = No Gap (1.5 points)
Result = Early continuation of the previous day, aftermarket and pre open.
Today's TREND = Range Triangle
Today's 15 Minute Close Bar =@Down@ 1328.50
Today's Power On Close = Strength
Daily Volume = 2.17M below Average
Today's $TICK close = UP@ -169
Daily Market Bias = -0.357 Moderate to Bearish Range
We closed in a Triangle witch may indicate a breakout in the After Market session if not on Friday.
TRADE OF THE DAY
came after an early top on a continuation Open, The top was signaled by a Cycle resistance on the 4500 tick and EOT on the 500 tick. confirming my preprep analysis, bias was moderate bearish range.
The catch was the 2nd failed attempt and cycle Resistance on the 500 tick.
The 1500 tick will usually over shoot
on 4500 and 500 cycle synchs.
Confirmation can also be seen with 2m cycles.
What I could have done better?
was be OBSERVENT of the mushrooming top that was forming after the End Of Trend warning on the lowers, this is very evident on this 2 minute chart in the direction of the pre-prep BIAS. Stay with preprep bias until prooven wrong, determine what needs to happen to proove my bias wrong.
was be OBSERVENT of the mushrooming top that was forming after the End Of Trend warning on the lowers, this is very evident on this 2 minute chart in the direction of the pre-prep BIAS. Stay with preprep bias until prooven wrong, determine what needs to happen to proove my bias wrong.
2m shows low volume bars at top the small mushroom tops, also see the 2nd PB rollover. After the Japan News.
Intangible Observation:
After the open note what frames are in cyclical synch with each other in order to better follow price action.
Never Overlook Mushrooms & Suacers that are in the direction of the Preprep BIAS.
Stay with preprep bias until prooven wrong, determine what needs to happen to proove my bias wrong.
Stay with preprep bias until prooven wrong, determine what needs to happen to proove my bias wrong.
looking into:
Improving entry's without confirmation? What is the best time or setup for these entry's? and how many ticks negate the entry? how much time negates the entry?
check the ESM11 entry/Exits and PL report to narrow info down. Also place wholesale and retail trades above and below market to help test.
Improving entry's without confirmation? What is the best time or setup for these entry's? and how many ticks negate the entry? how much time negates the entry?
check the ESM11 entry/Exits and PL report to narrow info down. Also place wholesale and retail trades above and below market to help test.