Today we had a 6.5pt gap up off Prior days closing strength then traded in a 4.75pt range through early time intervals only to break out midday around 9:00am rallying 10pts to close.
Recap Notes:
Trade Selection - Ok Trading, I entered a bit early but had a solid premise based on the higher time frames and prior days close. However i should have been lighter earlier then gotten larger on the test of the lows. I did finish with a solid gain but could have been stronger.
INTANGIBLE OBSERVATIONS:
**VERY IMPORTANT**
When Signal are ODD and out of place, stay small!! Many times I or the market may get out of sync and Signals appear to be off. This is when you need to trust the Higher time frame 135 and 40,500 Tick for Blocks Volume for direction. Then time the extreme with the 13,500 and 4500 ticks.
**Look for MATD with Blocks and Strength appearing at extremes.
Be Flat for news releases, keep order above or below market Only when the background is evident.