Today we had a 7.5 Gap Up. We traded into a tight 2 bar triangle and broke out to the upside on the 1st Time Interval, after which we then consolidated to the 9 zone and began where the range began to expand as prices moved higher closing on the new highs.
Recap Notes:
Trade Selection - Good trading, Excellent Entries I stayed Patient and waited for the best opportunities. But i was compelled to close out a bit too early just prior to the major breakout. look to keep 1 lot active in strong Trend Days.
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.