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.