Today we had a 2.25pt gap Up off Prior days closing Weakness. We opened at Resistance on all ticks with Block Ops Alerting on the 13,500 and 4500. Price drifter lower the 1st half hour before selling pressure quickly mounted at the 1st Time Interval puttining in Strength for an early Reversal
Recap Notes:
Trade Selection - Good Trading, Good Entry solid exit. I entered on a liquid entry of PDC weakness that printed Block Bars at the Globex highs on the 13,500 and 4500 with Resistance across all ticks with EOT on the 1500 and 5minute chart.
INTANGIBLE OBSERVATIONS:
Be aware to take early profits off the table: Today i allow prices to move deep in favor and reverse to put me under pressure. i had to barf a few lots simply because i lost focus and started thinking about yesterdays behavior.. BIG mistake. Always take early pops
Trust the HTF (Higher Time Frame) Confluence, be sure you are trading away from Strength or Weakness. Today we had HTF Strength showing its hand by with confluence on the 135 and 40,500 tick. and a 5.25pt gap up further indicating momentum from the Prior Day and Globex session. We had Trapped shorts that just below 1440 for more fuel.