Today we had a 1.25pt continuation gap pushing prices lower to test the appearant accumulation zone @1400 - 1402 from the previous day. No blocks on the higher time frames and a thin market made for some confusion as ES whipped up an down a 8.50pt range.
Recap Notes:
Trade Selection - Good Trading, Not great: I was a bit early on the open and took heat but was able to manage risk with size and adjust my positions for humble gains on the day.
INTANGIBLE OBSERVATIONS:
Trust the premise on the open - Today I went away from my Bias and had to pay the cost as price moved against my position. However we had Block buying on the low of the 40500 tick that was never negated, pointing to potential test of the highs.
Stay with High Time Frame Blocks until They show up against the premise.
Always Exit into the Rally- You must leave money on the Table- Today i exite very well into the rally but decided to leave 1 lot running to max profit but instead gave back 5.5pts to exit at 1 tick. Lesson learned!!