Today we had a 3.25 Gap Up into News. We immediately sold off to test the lows But staged a good reversal off the 1st Time interval Strength.
Recap Notes: Apologies for the sounds quality today
Trade Selection - Good, I entered too early and was forced to manage risk with size, However i stayed patient and was able to hit goal. I tried to hold till close but was taken out at scratch but i did the best i could.
INTANGIBLE OBSERVATIONS:
On Day after a strong trend expect Range type days - Look to cut max down and pay attention to the ATR.
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.