Yesterday's Power On Close = Strength
Today's Open = Open @ 1184.00 GAP Dn (11.5pts)
Result = Tight Range till 7 bar reversal
Today's TREND = Tight Range till 7 bar reversal
Today's TREND = Tight Range till 7 bar reversal
Today's 15 Minute Close Bar =UP @ 1180.50
Today's Power On Close = Strength
Today's Power On Close = Strength
Daily Volume = 1.3M Low Volume
Today's $TICK close = -195
R1 1189Globex), R2 ,1198 R3 1200, R41204
S1 1170(Globex) S2 1165, S3 1160, S4 1160.00
Daily Market Bias For Tomorrow =
0.286 Moderate Range
Daily's are showing some signs of Strength. The ES found Early Support at 1182 then found a Hi at 1198 peaking on the 7 bark and Reversing into a down trend for the remainder of the day. The Daily's closed on the lows at 1180 area which is 15 minute Support and the Gap zone for the week. Today was a very Low volume day signaling few seller in the market. I test of 1189.50 would have to be broken for higher price tomarrow.
TRADE OF THE DAY:
Today was a Break Below 1186 Daily Pivot and Cycle Support level just after the 9 bar zone. Price tested this area multiple times on high volume with blocks testing the BB Midline. We had Divergence show up at the 9 bar peak BUT Never a close above the BB Midline. A strong sign of weakness. Price Broke Down hear with minimal bounce and continued lower to 1179.50 for a 6.5pt move.
WHAT I DONE BETTER:
TRADE SELECTION - Much Better I entered 1 AAA trade, 1 AA, 1 A Trade and 2 B Tades.
ENTRY'S - Good entry's must be a bit more patient on the confluence trades and look to enter with Lower Risk.
EXITS - Good job i max out once but had NO regrets on the stops and Exits it took
NERVES - Even Better. Herbs and brain entrainment along with my nightly meditation has helps tremendously. Market Focus was good again.
WHAT I CAN DO BETTER:
I Still need to be patient and VERY FOCUS ON THE OPEN, today i played from behind again despite having a good day things could have been much better.
SOLUTIONS:
Early wins require ultra focus mark Globex and Pre-Open levels and be Very Patient when selecting trades early.
Keep with the visualizations and focus. Use the Rank Trades to help with selection.
Stay Detached and focus on the broad view
My focus on Market data was very good also.
ENTRY'S - Good entry's must be a bit more patient on the confluence trades and look to enter with Lower Risk.
EXITS - Good job i max out once but had NO regrets on the stops and Exits it took
NERVES - Even Better. Herbs and brain entrainment along with my nightly meditation has helps tremendously. Market Focus was good again.
WHAT I CAN DO BETTER:
I Still need to be patient and VERY FOCUS ON THE OPEN, today i played from behind again despite having a good day things could have been much better.
SOLUTIONS:
Early wins require ultra focus mark Globex and Pre-Open levels and be Very Patient when selecting trades early.
Keep with the visualizations and focus. Use the Rank Trades to help with selection.
Stay Detached and focus on the broad view
My focus on Market data was very good also.
INTANGIBLE OBSERVATIONS:
When the Cycles Cross dont just enter at that point, wait for the Cycle S/R to print to get a clearer view of the potential, this is why i take sooo much heat I tend to enter upon or just prior to the Cycle waves cross.
When we begin to see multiple closes ACROSS the BB midline WE ARE IN A CHOPPY MARKET and its best to go away or wait for clarity. This consolidation at tops/bottoms is also a great clue of potential Reversal.
Rank the sequence based on most clearly defined params (ie. the easier it is to define the higher rank such as "confluence on 3 tick charts", as opposed to "a cluster with divergence at the top" or "500 re-entry in trend")
When we begin to see multiple closes ACROSS the BB midline WE ARE IN A CHOPPY MARKET and its best to go away or wait for clarity. This consolidation at tops/bottoms is also a great clue of potential Reversal.
Rank the sequence based on most clearly defined params (ie. the easier it is to define the higher rank such as "confluence on 3 tick charts", as opposed to "a cluster with divergence at the top" or "500 re-entry in trend")