1.25pt Con Gap rally till 1st TI

Today we had a 1.25pt Gap Dn signaling a continuation of the PDT, we tested broken EOT support and put in a solid 4+pt rally till the 1st Time Interval before being knocked back 10pts only to retest the highs to close back on the lows.
Recap Notes:

Trade Selection -  Good trading,  Good initial Entry, Good Exits. Sequence 1 was a solid long entry based on a short term 15/5 cycle with Blocks on the lows, I exited a bit early but with a sold gain and NO regrets.

INTANGIBLE OBSERVATIONS:

Consider holding for larger moves when we get obvious signs of higher prices - Today we had obvious signs of higher prices as we had con Gap in our favor, Blocks appearing on the lows on the 15m & 130500 and campaign manipulation.

2pt Con gap Dn + Early test of S1 consolidation +Block on Lows =solid rally to test 1385

Today we had a 2.25pt Gap Dn signaling a continuation of the PDT, we test the lows early putting in blocks on the 15m low setting the stage for a rally into new highs prior to the 2nd Ti.

Recap Notes:

Trade Selection -  Good trading,  Good initial Entry, Good Exits. Sequence 1 was a solid long entry that was a bit early but at ok wholesale prices, I had opportunities to get in at manufacturer prices at 1378.50 when we tested the lows with heavy $Tick divergence and Blocks appearing on the 15minute. I recognized the signs of higher prices and was able to take a solid profit but did leave quite a bit on the table on the early exits.

INTANGIBLE OBSERVATIONS:

Consider holding for larger moves when we get obvious signs of higher prices - Today we had obvious signs of higher prices as we had con Gap in our favor, Blocks appearing on the lows on the 15m & 130500 and campaign manipulation.

Campaign Manipulation - When the tape shows volume increasing in one direction but prices continually jump/are marked back up in the opposite direction, This is evidence that specialist have an specific agenda for the day. This is clearer when we had Con Gap after trend or consolidation days or when price is @ strong support or Resistance.

Opening Gap is important for my Trading - The Opening gaps is very important in my trading, Large Gaps UP above 9ish that don't react to block at the highs is a signal of strength, Same holds true for the reverse. Often times the obvious signals become meaningless and the best course of action is to time a short term entry ie. C(500Cycle) IN THE TREND!! This could began to consolidate as it did today and breakout on late news so look to take profit early if your not willing to wait and hold.

Way to bounce back and stay focused..

12.25pt Gap = Tight Range Drifter = Flag and Late Breakout?

Today we had a 12.25pt Gap up signaling TRD potential which played out early culminating at the 1st Time Interval. We then moved into a consolidation flag with Blocks appearing at each low.

Recap Notes:

Trade Selection -  Good trading,  Good initial Entry, Good Exits. My 1st sequence was a liquid entry at wholesale prices with Block bars at the highs, the catch here was the 12pt Gap which signal TRD higher prices. I was able to cut out for small losses before reentering with better timing. My 2nd entry was a re-entry off the 1st but at more xtreme levels, I was able recognize the strength returning and exit on time to reverse direction. My 3rd trade was a simple C(500 cycle) in trend with with block on the lows of the lower Time frames. I was able to take advantage of the direction and close at solid retail levels within the 90 grind.

INTANGIBLE OBSERVATIONS:

Opening Gap is important for my Trading - The Opening gaps is very important in my trading, Large Gaps UP above 9ish that dont react to block at the highs is a signal of strength, Same holds true for the reverse. Often times the obvious signals become meaningless and the best course of action is to time a short term entry ie. C(500Cycle) IN THE TREND!! This could began to consolidate as it did today and breakout on late news so look to take profit early if your not willing to wait and hold.

Way to bounce back and stay focused..