7.5Gap up into 1st 7zone Time Interval, We reversed on Block at 1244

Today we Gap Up 7.5pts into 1st 7zone Time Interval, We reversed on Block at 1244 VPoc from the Previous day and continued the sale off on the 2nd and 3rd Time Interval Spiking on the lows @ 1230.50 and later touching the 1212 low.

Daily Trade Review  Skip to My trades @ 9:00m 

Recap Notes:

Trade Selection - Not Good, I'm simply out of sync. Taking cuts and small profits and larger losses so my Average Win/Loss ratio is very poor this today. I also over traded getting cut on Liquid Sequences in the wrong environment, ie. FOMC Statement later and Retails sales number to come. Totally over traded with losses to show 9 trades Totally out of character.

Today's 15m Close: Strength. High volume bars bouncing off Support with Exhuastion on the lows

Accumulation Range: Intraday Session: Blocks @ 1221-1225

Globex: None

Distribution Range: Intraday: None Globex: None

Today's $TICK Close: 

The Daily's

Dow - Weakness. Closed Up on higher but still low volume but just off the highs approaching a cycle Resistance. Printed NoD

ES.D - Short Term Weakness. Showing possible selling into the cycle R @ 1261 area. The 135 is approaching trend resistance but has cycle support behind it. Also approaching Cycle Resistance. 

Internals - Weakness. GE closed up on a wide spread bar breaking an old top but closing off the highs entering a cycle R point. BAC showing possible strength closed up but near the lows with Bull Divergence on the previous day.

INTANGIBLE OBSERVATIONS:

Fading Time Intervals - Be aware of the Time Interval and wether there is Support or Resistance at the peaks or lows, These trades can be held to the next TI.


Follow your progressions for each Time Interval - Look for your open Ice trades 1st, then for cycle syncs in the 90 grind, Then Liquid Trades in the pre-9zone.

THE KEY IS CUTTING THE LOSSES SHORT, ESPECIALLY ON MULTIPLE LOTS. Simply stick to your bail point. 

ONLY TAKE LIQUID TRADES AFTER THE 7zone - Liquid Trades are better after the 7zone!!! had i taken the usual 13 open Ice we would have max target.