Friday, January 20, 2012

2.25 Gap Dn on late New = Choppy Open Early Consolidation

Today we Gaped Dn 2.25pts and had choppy open, The Average True Range on the  1500 tick was .80 for most of the morning. We traded sideways until the 8:00 TI. 
Recap Notes:

Trade Selection - OK I took 2 sequence on the day but the 2nd was actually a continuation of the 1st. I took a 45/5 Sync but cut out early then reentered upon a 15 single cycle, The trade moved 2pts max but i was not able to take profits so i had to wait for the next retest were i added to my size and exited with 1pt each.

Today's 15m Close: Strength. Break above EOT pro bars hammer of New EOT Support  
Accumulation Range: Intraday Session: 1306 Block @ 13,500 & 15M  Support
Globex: None
Distribution Range: Intraday: 15M PT tight Block closing Up @1291.25-1288.75
Globex: 1309 Vpoc Held
Today's $TICK Close: 641

INTANGIBLE OBSERVATIONS:
Stay Mindful of the environment, News and ranges - Be aware of the type of environment im trading in and make adjustments, such as taking 1 or 2 pt off when opportunities are there in a tight range market.

Stay Mindful of the environment, Late News and ranges - Listen to your gut when it says stay OUT of the market today, i was sleep deprived and the environment is still very thin.