Today we had a 5.5pt gap down off Prior days closing weakness with globex momentum on the open. The round number 1440 was gapped through over night running any stops sitting below the 135 flag pattern to push prices lower prior to the 1st Time Interval.
Recap Notes:
Trade Selection - Excellent Trading, perfect entry based on sound Specialist Principles. I took advantage of the Higher Time frame Weakness that had Block Ops bar at high with Exahuastion. I stayed patient and trusted my premise when price tested the weakness and was rewarded handsomely.
INTANGIBLE OBSERVATIONS:
Trust the HTF (Higher Time Frame) Block Ops indication, be sure you are trading away from Strength or Weakness. Today we had HTF Weakness and a 5.5pt gap down further indicating momentum from the Prior Day and Globex session.
**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.