Yesterday's TREND = Strong Up Trend
Yesterday's Power On Close = Strength
Today's Open = Open @ 1286.50.25 GAP UP (5pt)
Result = Strong Down Trend
Today's TREND = Strong Up Trend
Today's 15 Minute Close Bar =DN@ 1264.50
Today's Power On Close = Strength
Daily Volume = 2.35M Volume
Today's $TICK close = -547
Daily Market Bias For Tomorrow =
.813 Modest Bull
We Now have Exhaustion on the Daily and we have a PB in trend signal that showed up on the 135 minute and 40,500 tick chart yesterday. Today we put in an EOT on the 40,500Tick and we are approaching an EOT on the 135M. So a bounce may in play for early next week.
We Now have Exhaustion on the Daily and we have a PB in trend signal that showed up on the 135 minute and 40,500 tick chart yesterday. Today we put in an EOT on the 40,500Tick and we are approaching an EOT on the 135M. So a bounce may in play for early next week.
As Expected we saw a reversal of yesterdays trend as price was rejected at the Lower Trend Channel. PB in trend signal showed up on the 135 minute and 40,500 tick chart. I failed to include these in my Bias for the day but was able to readjust.
TRADE OF THE DAY
Open Ice Breaker @ 1277.5 to 1274.50 zone, price broke down steadily after falling thru the ice of the 1500 tick EOT, this it was tricky to hold as we had 1500 Exhaustion and a pro bar, but a break of this area brought in more sellers pushing price to the 1270.
WHAT I COULD HAVE DONE BETTER
Allowed good trades to become medeocre and Wins become small losses.
I need to take the 2 point moves and look to reenter, holding for the larger move takes a longer term commitment for the day, and i struggle there. Especially when the Volitility is Low.
SOLUTIONS:
My Best Exits tend to happen within 10-15 after Entry at which point i will have to sit thru some heat.
Remember to note the 2nd Cycle placement after entering for confirmation to hold. If price is has move prior to 2nd cycle focus on the Actual Time in trade.
INTANGIBLE OBSERVATIONS:
Use your own judgment on Rambos Signals, they often do not fit the VSA concept.
Mentally Try to invision in your mind What the Next few Bars and Profiles will look like, this will help me to determine my next move.
Stay observant of higher hi's and Lower Lows.
Be sure to use limit orders to exit in order to get the best price.
Include the 135 and 40,500 tick in Daily Market Bias, Take PB EOT's, NoD, NoS etc, all into consideration when settling on a bias, yesterday we had PB in down trend form overnight and a No Demand (wide spread Up bar on low volume) on the Daily @ES. It was referred to as a Rambo and affected my view for today, these extra clues could have helped with my bias today.
(135 minute and 40,500 ticks show PB in trend signal)
