8.25 Gap Dn +Early Selling into 2nd & 3rd Ti = Midday Reversal

Today we had a 8.25 Gap Dn off pre-open momentum, we sold down to the 1386.50 to the 2nd and 3rd Time intervals before setting up for a midday reversal. We had Block Bars printing on the 15m, 4500 tick, and 130500 tick with EOT's printing also on the 13,45, 1500 and 5m. All very strong signs of Strength. We retested the lows on weak volume NoS bars which confirmed further strength.

Recap Notes:

Once Again Trading with a baby in my lap - Another Classic day with Lay Lay all in my mix !!

Trade Selection -  Excellent trading, Excellent Entries and Excellent exits. I did well to hold the last lot for + Max. No need to hold till close under the circumstances so we take profit and give thanx.

INTANGIBLE OBSERVATIONS:

The Premise is the key - Today we sold off early but put in a Very Strong Premise Of Strength with Block Bars on the lows.

See chart below (Blue Arrows show Blocks Accumulating at the low)


15 Minute Strength with Blocks and No Supply bars

13500 Tick Chart show Strength

4500 Tick Strength with EOT print

Strength stepping in Blocks - Remember we are in a very strong market so this strength midday with a rally into the close is a Bullish for the longer term. The Globex seesion should give strong clues as to the buying or selling volume on the close.

In strong trending Days price usually closes in the top 75% of the Range - this has been the case on many occasion over the past few weeks as price moves into new highs. Try to hold 1 lot till close if the trend is strong and playing out.

0pt Gap Continuation of Previous Days Trend + Consolidation Breakout

Today we had a 0 gap Continuation of trend from the previous days consolidation. We Sold off from 1408 to 1391.75 before staging another 10 pt rally to upside starting at 11:30 till the close. This was break out day to the down side but finished very strong as strength stepped in in blocks at 1393-1394 area.

Recap Notes: Sorry for poor sound Again

Trading with a baby in my lap - Classic day with Lay Lay all in my mix !!

Trade Selection -  Excellent trading, Excellent Entries and solid exits. No Regrets

INTANGIBLE OBSERVATIONS:

Strength stepping in Blocks - Remember we are in a very strong market so this strength midday with a rally into the close is a Bullish for the longer term. The Globex seesion should give strong clues as to the buying or selling volume on the close.

In strong trending Days price usually closes in the top 75% of the Range - this has been the case on many occasion over the past few weeks as price moves into new highs. Try to hold 1 lot till close if the trend is strong and playing out.

2.25 Gap Dn + 15m Support @ Round Number = PURE CONSOLIDATION

Today we had a 2.25 Gap Dn into Round Number and 15 M support, price traded sidways all day. However we could see a large move tomarrow as the Volume Profile is a tight inside day with 1412 as the Vpoc.

Recap Notes: 

Very Boring and slow, nothing to learn

Trade Selection -  Poor trading, Two very poor entries in a very poor environment for max moves, Price traded sideways all day. However I was able to pull profits on the day and i look forward to tommarrow. We may see a 2% move??

INTANGIBLE OBSERVATIONS:

In strong trending Days price usually closes in the top 75% of the Range - this has been the case on many occasion over the past few weeks as price moves into new highs. Try to hold 1 lot till close if the trend is strong and playing out.