Tuesday, November 27, 2012

1.25pt Con Gap rally till 1st TI


Today we had a 1.25pt Gap Dn signaling a continuation of the PDT, we tested broken EOT support and put in a solid 4+pt rally till the 1st Time Interval before being knocked back 10pts only to retest the highs to close back on the lows.
Recap Notes:
Trade Selection -  Good trading,  Good initial Entry, Good Exits. Sequence 1 was a solid long entry based on a short term 15/5 cycle with Blocks on the lows, I exited a bit early but with a sold gain and NO regrets.

INTANGIBLE OBSERVATIONS:
Consider holding for larger moves when we get obvious signs of higher prices - Today we had obvious signs of higher prices as we had con Gap in our favor, Blocks appearing on the lows on the 15m & 130500 and campaign manipulation.