Yesterday's Power On Close = Strength
Today's Open = Open @ 1138.50 GAP Dn (18.5pts)
Result = Tight Range Up Trend Drifter
Today's TREND = Tight Range Drifter early up trend
Today's TREND = Tight Range Drifter early up trend
Today's 15 Minute Close Bar =UP @ 1199.25
Today's Power On Close = Strength
Today's Power On Close = Strength
Daily Volume = 2.5M High Volume
Today's $TICK close = 832
R1 1196Globex), R2 ,1200 R3 1204, R4
S1 1187(Globex) S2 1185, S3 1182, S4 1170.50
Daily Market Bias For Tomorrow =
0.786 Moderate Bull
Daily's are showing some signs of Strength with a bull run today After Gaping Up 18pt and Trending Steadily. We Broke above the PB in trend on the 40500 tick and All high time frames are showing Air above with resistance in the 1230 range. However Volume was a bit light today as price closed on the high in the gap zone, If we fail to break todays highs we could be headed for tighter rang consolidation or retest of recent lows.
TRADE OF THE DAY:
Today was a BB Mid test Ice Breaker that went 5pts.1S1K
WHAT I DONE BETTER:
TRADE SELECTION - Much Better 1S1K on BB Mid Test after Open.
ENTRY'S - Great entry
EXITS - Good job being patient, my target would not fill so i closed with price on target, then 2 seconds later price burst through for an extra point!!! Go Figure, but i held the trade for 25 minutes and resisted the pullbacks.
NERVES - MUCH MUCH Better. Herbs and brain entrainment along with my nightly meditation has helps tremendously. Market Focus was good.
SOLUTIONS:
I Took more time on pre-open analysis, Noting Most recent BB channel activity, Support and Resistance areas and waited for test and confirmation.
My focus on Market data was very good also.
Take My Open Ice Breakers!!!
Getting down big early is my Fault and . Im forced to play from behind most of the time and it ends bad most of the time.
Remember that we only want 2 trades before the 7 bar and maybe 1 or 2 for the 8-9 bars. The Open Ice is the key to this sequence so try to avoid entry's that are NOT open ice breakers early, If there is No Ice breaker then Wait for the market to show its intentions before entering.
Take it Light, dont think so much about trading. Go through your routine, focus early but put so much on it, its not make or break either way just settle into a groove.
ENTRY'S - Great entry
EXITS - Good job being patient, my target would not fill so i closed with price on target, then 2 seconds later price burst through for an extra point!!! Go Figure, but i held the trade for 25 minutes and resisted the pullbacks.
NERVES - MUCH MUCH Better. Herbs and brain entrainment along with my nightly meditation has helps tremendously. Market Focus was good.
SOLUTIONS:
I Took more time on pre-open analysis, Noting Most recent BB channel activity, Support and Resistance areas and waited for test and confirmation.
My focus on Market data was very good also.
Take My Open Ice Breakers!!!
Getting down big early is my Fault and . Im forced to play from behind most of the time and it ends bad most of the time.
Remember that we only want 2 trades before the 7 bar and maybe 1 or 2 for the 8-9 bars. The Open Ice is the key to this sequence so try to avoid entry's that are NOT open ice breakers early, If there is No Ice breaker then Wait for the market to show its intentions before entering.
Take it Light, dont think so much about trading. Go through your routine, focus early but put so much on it, its not make or break either way just settle into a groove.
INTANGIBLE OBSERVATIONS:
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.
Only take the BB break in the direction of the first break and in sequence with Cycle and probars.
watch for Price when it does NOT close Across the BB mid, this is a continuation move. Dont jump the gun WAIT for bar break.
Only Enter on bar breaks after the closed bar across or close bar of failed break.
FINDING THE TREND EARLY - look for trades in the BB Channel Trend Direction early on the Pre-Open and Open; Often we get test of the midline early prior to moving deeping into the trend. ( see arrow )
Only take the BB break in the direction of the first break and in sequence with Cycle and probars.
watch for Price when it does NOT close Across the BB mid, this is a continuation move. Dont jump the gun WAIT for bar break.
Only Enter on bar breaks after the closed bar across or close bar of failed break.
FINDING THE TREND EARLY - look for trades in the BB Channel Trend Direction early on the Pre-Open and Open; Often we get test of the midline early prior to moving deeping into the trend. ( see arrow )