Yesterday's Power On Close = Strength
Today's Open = Open @ 1189.50 GAP Up (15.25pts)
Result = Dn trend to 7 bar reversal into up trend.
Result = Dn trend to 7 bar reversal into up trend.
Today's TREND = Dn trend to 7 bar reversal into up trend.
Today's 15 Minute Close Bar =UP @ 1197.00
Today's Power On Close = Weakness
Today's Power On Close = Weakness
Daily Volume = 2.4M Volume
Today's $TICK close = 323
R1 1192.(Globex) R2 1194.50 R3 1196 R4 1204
S1 1188.(Globex) S21185.25 S3 1181.75 S4 1175.5
Daily Market Bias For Tomorrow =
0.071 Stronge Range
Daily's are showing some signs of Weaksness. The ES closed Down after gapping down 15 points then rallying off a 7 zone reversal. I appears that we are headed for the 1175. The Daily's are set for a cycle Resistance print in a few days and the 40,500 has Probars at the peak and is currently entering a cycle R turn.
The ES.D Volume Profile has printed a little wider range b-pattern profile with Value peaking from 1186-1187, This could signal buyer short covering and potential higher prices. The ES Profile however had a symmetrical wide profile Width Signals a Breakout of this range. Whatever is test over night may could be a clue. If we find a low on Globex I'll be watching the pre-open closely for any continued momentum
TRADE OF THE DAY:
Today was a short on BB Trend Continuation on 7:10 Time Interval. Price Closed above BB, then reclosed below @ 1186 The 1500 tick printed Cycle Resistance as price moved lower. The 500 overshot with price breaking below probars for a solid entry at 1185.50. Price put in an early low @ 1181.50.
WHAT I DONE BETTER:
TRADE SELECTION - Good trade selection, All qualified .
ENTRY'S -Good Entry
EXITS - Must do better, Price touched my Target many time but the limit NEVER got filled, I waited and price eventualy took me out at break even. never to return.
NERVES - Pretty good, Felt Calm and in control.
WHAT I CAN DO BETTER:
Manage the trades better, listen to market and take control to close out if price continues to hit the limit and not fill.
SOLUTIONS:
On the early entries allow them to play out, the chances are good that your target will be hit if you have clearly defined low risk entries.
Trust my trades and have confidence in my ability.
Keep with the visualizations and focus.
ENTRY'S -Good Entry
EXITS - Must do better, Price touched my Target many time but the limit NEVER got filled, I waited and price eventualy took me out at break even. never to return.
NERVES - Pretty good, Felt Calm and in control.
WHAT I CAN DO BETTER:
Manage the trades better, listen to market and take control to close out if price continues to hit the limit and not fill.
SOLUTIONS:
On the early entries allow them to play out, the chances are good that your target will be hit if you have clearly defined low risk entries.
Trust my trades and have confidence in my ability.
Keep with the visualizations and focus.
INTANGIBLE OBSERVATIONS:
When Price touches target limited more than once but never Fills, Go ahead and Take profit on the Market, this may be high/low for the day@!#$% Unlikely but it happend today!!
Dont TRADE AFTER 8:00!! Only BB reversal can be entered and be ready to hold for a while.
Dont TRADE AFTER 8:00!! Only BB reversal can be entered and be ready to hold for a while.