Today we had a 4.25 Gap Up after moving into New highs in the Globex session, price was met with immediate rejection selling down to yestardays high and bouncing. Today we have late Fed Meeting Minutes News so I generally expect a choppy open. We had a solid range till the 8:00 bar but taking half off was the best play.
Recap Notes:
Trade Selection - Good trade 1 sequence for my days goal, took advantage of the early PB in trend 15/5 sync staying patient on a choppy open.
INTANGIBLE OBSERVATIONS:
Late News days generally have choppy opens - Today we had a choppy open but the range was such that there were still good opportunities but you need to WAIT!! and be patient.
Be aware of the 1st PB In trend on the 1500 tick - I noticed over the past weeks that this setup usually plays out nicely at least to the next Time Interval for 4pts or more. It often sync with the 45 BB Midline or 0 Line on the $tick.