Today we Gaped Dn 3pts and had choppy open, a small rally at the 1st Time Interval a pull back and then continued in a tight range drifter to the upside.
Recap Notes:
Trade Selection - Not Good, simply on the wrong side most of the time but my biggest mistake was holding till max stop on the 1st sequence. This was a poor environment to trade in as expected, there was thin choppy movement and i actually got caught on 3 stops costing me extra .75pt in slippage as well as not getting filled and having to chase the market. This was clearly a sideline day from the start
Today's 15m Close: Weakness. Blocks at Resistance EOT from 1285.75-1287
Accumulation Range: Intraday Session: Openning Pro bar 1287, price never traded lower.
Globex: None
Distribution Range: Intraday: 15M PT tight Block closing Up @1291.25-1288.75
Globex: Range Breakout to upside
Today's $TICK Close:
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, News and ranges - Listen to your gut when it says stay of the market today, i was sleep deprived and the environment is still very thin.
Stay Mindful of the environment, News and ranges - Listen to your gut when it says stay of the market today, i was sleep deprived and the environment is still very thin.