2.5Pt Gap Up After Range Day with Strength on Close + Early Rally and Flag Breakout before 8:00

Today we had a 2.25 Gap Up After a Range Day that had Strength on the Close, We Rallied immediately off the 1st 1500 Block Bar Break into the 1373 area were we formed a flag patter thru the 1st and 2nd Time interval breaking out on the 3rd for another run up to the 1379.75thru the 8:00 bar.

Recap Notes: 

Trade Selection -  Good Trading, solid entry's and Exits I stayed Patient and took Strong Ranked sequences in Trend.

INTANGIBLE OBSERVATIONS:

In Days following Consolidation Look for Trends and Flags to developed - Today we had the flag breakout after Strength Showed up on the close of a range day.

3.25 Gap Dn Into larger Support = Ultra Trend

Today we had a 8.25 Gap Dn Into 13,500 and 4500 Support, we bounced very quickly and started a rally that rarely if ever pulled back. Ignoring all signals we put in a 18pt rally into new highs above 1415.50 before 9:10.

Recap Notes:

No Video for today

Trade Selection -  Very Poor. OVER LEVERAGED AGAINST THE TREND!!! Careless entry's at very in opportune times. Very Poor RUSHED entries and Barf Exits. Did not follow what the market was saying AT ALL!! Multiple Unqulaified Entries, should have benched myself early.

INTANGIBLE OBSERVATIONS:

The Larger Trend is Key- We are obviously in a strong market, all my recent profits have been made with the larger trend. Today a traded against the larger trend and held over-leveraged positions managing risk with size, which was not too bad except that i simple ignored the larger trend and did not take QUALIFIED ENTRIES!