Monday, January 30, 2012

11.74pt Gap Dn + Early Trend Till 2nd Ti Where We bounced for a Test of The Open

Today we had a 7.5pt Gap Down and continued to trend lower till the 2nd time Interval where we began to base and turn for a  test of the open.
Recap Notes:
Trade Selection - Great Trades and Money Management, excellent way to start the week. 1 Sequence 2 lots

INTANGIBLE OBSERVATIONS:
Trade the Trends - Trading the trends until we reach a marked Time Interval, at which point we need to consider exiting or reversing, Be aware of the Cycle that happens just at the Time Intervals, they are high quality trades especially in the longer term term direction.  

Friday, January 27, 2012

7pt Gap Down early bounce to 1st Ti = Selloff to test the lows

Today we had a 7.5pt Gap Down, then we rallied early to the 1st time Time Interval and reversed to test the lows at 1309. We then bounced and rallied at the 3rd Ti 8:00 
Recap Notes:
Trade Selection - Great Trades and Money Management, excellent way to close the week.

INTANGIBLE OBSERVATIONS:
When the Premise is Strong stay with the position and consider adding on at key points - Today I Had a strong Premise but got anxious and entered too early, BUT I was able to add on at better prices and take good profit chunks once price moved in favor. This was Solid Money Management, BUT be aware that you can close with small losses at any time by gracefully exiting if the premise is changing. 

Be aware of the Extremes at time Intervals - Be aware of the Time Interval and Extremes, These are great Liquid trade Entries, BUT the key is to be patient in anticipate the Price, while watching the Turn on the Cash Tick.

Thursday, January 26, 2012

6.5pt Gap Up Open rally to 1st Time Interval Reversal and Sell off Till 3rd

Today we had a 7.5pt Gap Down, then we rallied early to the 1st time Time Interval and reversed, Then bounced at the 3rd Time Interval but failed to rally higher thus leading to a retest of the lows and subsequence move lower. 
Recap Notes:
Trade Selection - Good Trades, Took Liquid Trades at price  Extremes on the Time Intervals and did quite well.

INTANGIBLE OBSERVATIONS:
Be aware of the Extremes at time Intervals - Be aware of the Time Interval and Extremes, These are great Liquid trade Entries, BUT the key is to be patient in anticipate the Price, while watching the Turn on the Cash Tick.

Tuesday, January 24, 2012

7.5 Gap Dn and rally past the 3rd Time Interval

Today we had a 7.5pt Gap Down, we found support early with 13,500 Support Print just after the open bar along with a 1500 cycle support. We rallied past 8:00, peaking at 8:30. 
Recap Notes:
Trade Selection - Good Trades, I stayed in Trend showing patients and awareness to reenter when spotted, 3 trades on the day.
Today's 15m Close: . 
Accumulation Range: Intraday Session: Blocks @ 1303.25-1306 and again at 1309-1312
Globex: None
Distribution Range: Intraday: Block closing up at 1308.25

Globex Vpoc: 1309 Vpoc Held

Today's $TICK Close:  280

INTANGIBLE OBSERVATIONS:
After Multiple Days of Consolidation be on the lookout for a Break out of range - Be aware of the Gap type and higher time frame premise Ie. (the weekly and daily trend and premise)