Today's Open = Open @ 1275.00 GAP Up (8. pts)
Open to 7z Results = choppy open
Today's TREND =Range
Today's 15 Minute Close Bar =Dn @ 1283.25
Today's Power On Close = Strength
Today's Power On Close = Strength
Daily Volume = 2.69M Avg Volume
Today's $TICK close = 483
R1 12 R2 1235-36 R3 1238 R4 1245-48
S1 1222-1219(Globex) S2 1212 S3 1208 S4 1192
Daily Market Bias For Tomorrow =
HeadLine: Stock Slump After Record Day
Daily's are showing some signs of Weakness.
Daily TREND = UP
Prices Soar on Low Volume into the 1280's Resistance level. Dow +300 and above 12,000 on volume well below the average. Media Credit given to Euro Deal to reduce Debt.
The ES.D Profile printed 2 value areas closing at the HVL, This could suggest a test of the recent highs.
Daily TREND = UP
Prices Soar on Low Volume into the 1280's Resistance level. Dow +300 and above 12,000 on volume well below the average. Media Credit given to Euro Deal to reduce Debt.
- The ES closed Up back above 1230 Support.
- Broke above Resistance of 1250, 1275
- Es and Dow Rally On Higher Volume
- The 15 Minute bar closed on a High volume Profit taking bars closing in the middle above New Resistance.
- Dow closed Up on increasing volume bounce off trend line.
No surprise to see similar action as today with strength exhausting in the globex or pre-open to put in lows prior to reversing into trend.
TRADE OF THE DAY:
The TOD was an Open Ice Fade The sequence of information leading to the trade was.
- Strong Trend Day
- Shakeout on High Volume at 15M Close.
- Globex Support and Shake out low Held into the Open.
- Probars on Higher Times Frames Confirm Strength
Open Ice Fade Entry Long @ 1273.50 be test once before rallying to the morning high @ 1279.25
Tick View of the Ice Fade, Notice the prior days Close showed strength that was confirmed in the Aftermarket4500 View
HOW I DID TODAY:
TRADE SELECTION - N/A Testing
ENTRY'S - N/A Testing
EXITS - N/A Testing
Self Talk/Mind Chatter: N/A
Market Focus & Action: N/A
WHAT I CAN DO BETTER:
Be thorough with Ranked Criteria. The TOD was a rare trade that i passed on even though I like the odds. In staying discipline to my rules I pass due to uncertainty of all the criteria for entry. Particularly the Block volume instead of the probars at the mid. This will get worked out as i get used to the new block settings.
Trade Selection and Judgment- Don't trade against Strength/Weakness, Determine this first then move on to trend and Qualifying Sequences.
SOLUTIONS:
Restate and List the Basic Rules - Print the Rank Criteria and hand write them out. Keep reminders of the basic rules and study them as well as the qualifying criteria for each entry. This is play book 101. Respect and Honer the Rules.
ENTRY'S - N/A Testing
EXITS - N/A Testing
Self Talk/Mind Chatter: N/A
Market Focus & Action: N/A
WHAT I CAN DO BETTER:
Be thorough with Ranked Criteria. The TOD was a rare trade that i passed on even though I like the odds. In staying discipline to my rules I pass due to uncertainty of all the criteria for entry. Particularly the Block volume instead of the probars at the mid. This will get worked out as i get used to the new block settings.
Trade Selection and Judgment- Don't trade against Strength/Weakness, Determine this first then move on to trend and Qualifying Sequences.
SOLUTIONS:
Restate and List the Basic Rules - Print the Rank Criteria and hand write them out. Keep reminders of the basic rules and study them as well as the qualifying criteria for each entry. This is play book 101. Respect and Honer the Rules.
INTANGIBLE OBSERVATIONS:
Connecting the Days Close and Globex action provide the morning sentiment.