Today we had a 5.75 Gap Up into New High on the open but met with rejection early. We had a choppy open and a tight range drifting move lower into the 8:00 bar.
Recap Notes:
probes and scratches so nothing to see today. Off to Enjoy the Weekend.
Trade Selection - Ok, There was alote of mixed signals and i couldnt get a good handle due to the tight range and slow drifting action, so i scratched on 3 probes and shut it down early.
INTANGIBLE OBSERVATIONS:
Shutting down early on tight range drifting days - Today the range seems to shrink and we had many mix signals my entry failed to move so cut out early for the day.
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.