Today we had a .50 Gap Up into resistance on the 15 M and previous days high around 1401.50. We Sold off early with solid bounces but continued to move lower till the 3rd Time Interval where we reversed to test the open.
Recap Notes:
Trade Selection - Ok trading, could have been done sooner but i missed a great opportunity to take profit early and had to sit thru retracements managing risk with size to bail me out. Not a great day but solid gains put in.
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 yestarday 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.