Yesterday's Power On Close = Weakness
Today's Open = Open @ 1301 GAP Dn(4.25 pts)
Result = Down Trend early then 7 bar reversal intp strong up trend
Today's TREND = Down Trend early then 7 bar reversal intp strong up trend
Today's 15 Minute Close Bar =Down @ 1199.00
Today's Power On Close = Weakness
Daily Volume = 5.03M ULTRA High Volume
Today's $TICK close = -690
Daily Market Bias For Tomorrow =
0.071 STRONG RANGE
Daily's are showing Signs Weakness Again as the ES sold off 71 pts and SPX -4.78% down 60.27pts and the Vix Skyrocketed 35.41% a major sign of fear in the market. The Dow Sold off 512.76 pts or 4.31 percent All in a days work, really not much to say but this may not be the end.
TRADE OF THE DAY:
The TOD came early on an Open Ice trade that broke down @ 1250.25 for a 3.75 run @ 1245.50. Then we had a great PB in trend on the 13500 @ 1254 We had Block Bar closing in the middle that synced with the 1500 tick and provided multiple reentries down to 1229 level. Another HUGE Spike Day which kinda caught me off guard as i would expect 3 HUGE 30 + spike days in the same direction. But never the less there was Opportunities galour.
WHAT I COULD HAVE DONE BETTER:
Was NOT be greedy on a very important trade after a bad start, i allowed a max target to revers into a loss.
I Also had good positions on and Bailed waay too soon.
This should have been a hugely profitable day.But i group of error cost me great opportunities. This Simply Cannot be allowed for continued Consistency.
INTANGIBLE OBSERVATIONS:
REMEMBER that when I struggle and get confused, just take small profits, (ie. If i start off Negative on 1 or more trades a great remedy is to take small profits) that will boost confidence and get things back on track. also look at quitting.