Today we had a 5.25pt gap Up off Prior days closing Strength with globex momentum on the open. The Cash $Tick remain strong above the 0 line and while testing price made little corroboration. $TICK trend line never broke the 0 Line also indicating absorption. 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.
Recap Notes:
Trade Selection - Excellent Trading, very late but very sound entry. The exit was based on the Prior Days VPOC. The entry was a 15 single cycle with HTF Cycle in confluence.
INTANGIBLE OBSERVATIONS:
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.