Today we had a 4.75 Gap Up into R1+ HT Blocks into highs = 13.5pt continued Decline Price decline by the 2nd TI. Blocks closing on the highs of the 40500 and up into the highs on the 135. Indication of Profit taking as large scale distribution has begun.
Recap Notes:
Trade Selection - Poor trading, Poor initial Entry, Poor exit. Another day to forget. I had poor reaction and assessment of the climate. I need to be quicker to react and make the adjustments faster. Rust is evident. Rough Going!!
INTANGIBLE OBSERVATIONS:
When assessment is off Get smaller - Today i could see that my assessments and reactions are off, so getting smaller is the prudent choice at the moment.
Always CHECK Background on the HIGHER TIME FRAMES! - Today I failed to check the background on the higher time frames and was caught wrong footed early!! Price moved away 9+ points before the 1st Ti making it very difficult to turn a profit.
