Today we had a 10.50 Gap Dn into weak support at the 3rd test of the 135 buy zone low as noted yesterday. We chopped around and broke lower on a 4500 Tick pullback in trend to break below the 4500 EOT and the 15M Support.
Recap Notes:
Trade Selection - Good trading, I stayed Patient and waited for the best opportunities. But i entered a bit late and did miss a few opportunities, but still hit daily profit goal.
INTANGIBLE OBSERVATIONS:
In Strong Trends, When the 135 Minute is in the Buy Zone look for Liquid Entries and Cycle Syncs for Quick Reversals - This played out yesterday and today. (See Blue Arrows)
Pay attention to the RANGE - Take 1/2 off max when the range is tight - Look to cut max down and pay attention to the ATR.