Yesterday's Power On Close = Strength
Today's Open = Open @ 1346.25 GAP UP (11 pt)
Result = Very Tight Bull Range
Today's TREND = Tight Range UP Trend Till 7 bar
Today's 15 Minute Close Bar =Down @ 1352.00
Today's Power On Close = Strength
Daily Volume = 1.67M high Volume
Today's $TICK close = 484
Daily Market Bias For Tomorrow =
1.071 STRONG Bull
TRADE OF THE DAY:
There were very few opportunities today as prices traded in a tight 4pt range. The best entry price for the day was 1345-1346 area that moved to 1348.50 by the 7 bar. This was the max profit target available.
15 minute look.
WHAT I COULD HAVE DONE BETTER:
I entered i bit early and should have been more patient.
My Exit was NOT good as i failed to close out the position at the expected target. The Day type recommended tighter targets but i didnt close out at 2pt.
INTANGIBLE OBSERVATIONS:
Pay attention to the previous days action to get an idea of how the market is reacting at 7 bar and prior to the 7 bar.