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.