Yesterday's Power On Close = Strength
Today's Open = Open @ 1217.50 GAP Dn (1.5pts)
Result = Choppy open Continuation range
Today's TREND = Continuation Range bear trend
Today's TREND = Continuation Range bear trend
Today's 15 Minute Close Bar =UP @ 1219.00
Today's Power On Close = Strength
Daily Volume = 3.15M Volume
Today's $TICK close = 477
R1 1223, R2 ,1224 R3 1229, R4 1224
S1 1218(Globex) S2 1211, S3 1207, S4 1203
Daily Market Bias For Tomorrow =
0.357 Moderate Range
Daily's are showing some signs of Weakness, The ES is rolling over after on the Cycle Resistance, a break below 1193 previous Resistance would point to further price damage.
The Volume Profile
The Daily ES.D Profile Structure - Lower close (bearish), wide Range, Normal Volume - neutral
The ES Globex Structure - Lower Value Established, wider Range, Normal Volume. - Bearish
TRADE OF THE DAY:
Today was a 1500 tick cycle Resistance that synched with the 4500 pull back to the BB, A short entry around the 1223-1224 area had a solide run down to 1216 before probars slowed the movement but price continued lower after retesting the BB mid one more time.
WHAT I COULD HAVE DONE BETTER:
TRADE SELECTION Could still be a bit better
EXITS - holding for max needs work. Need to ask myself what im expecting out of this move and allow the market to play out.
SOLUTIONS:
The Best sequences are the toughest to enter and exit properly. So be selective in that everything you like to see shows up. Eyes should pop out of your head, This will give you confidence to stay with the trade.
I must allow the trades to play out, it would help to remember to note to myself why you entered and what you expect from the sequence.
WHAT I DID BETTER:
I traded with more patients and confidence, could have done thing a bit better but I felt more confortable today.
EXITS - holding for max needs work. Need to ask myself what im expecting out of this move and allow the market to play out.
SOLUTIONS:
The Best sequences are the toughest to enter and exit properly. So be selective in that everything you like to see shows up. Eyes should pop out of your head, This will give you confidence to stay with the trade.
I must allow the trades to play out, it would help to remember to note to myself why you entered and what you expect from the sequence.
WHAT I DID BETTER:
I traded with more patients and confidence, could have done thing a bit better but I felt more confortable today.
INTANGIBLE OBSERVATIONS:
Only take the BB break in the direction of the first break and in sequence with Cycle and probars.
Be careful that BB mid setups actual close past mid and retest before entering a reversal.
Exit on probars with exhaustion on the 4500 tick, after BB mid break and extreme pushes.
BB breaks can target the extremes also.
DONT Forget to watch the 1500 for Probars and Exhasution as an Exit signal.
Be careful that BB mid setups actual close past mid and retest before entering a reversal.
Exit on probars with exhaustion on the 4500 tick, after BB mid break and extreme pushes.
BB breaks can target the extremes also.
DONT Forget to watch the 1500 for Probars and Exhasution as an Exit signal.