Today we had a 2.5pt Continuation Gap Dn into strength, we had stuck shorts exiting on the lows and potential accumulation as well with pro bars and blocks showing up in ranges on the higher time frames. Market Bias signal .143 Range day and the open confirmed. No News and light volume today could keep us consolidating on the day.
Recap Notes:
Trade Selection - Ok trading: Poor initial entry but solid Exits, the Premise of Strength was in the background but i began entering too early and had to manage risk more than I would have like to. I had blocks appearing in range highs but not selling out of the range, there was apparent supporting and/or accumulation on each low test.
INTANGIBLE OBSERVATIONS:
Trust the Premise!! and Be patient on the open - Trade behind the premise BUT REMEMBER TO enter at wholesale levels.