Wednesday, October 23, 2013

-2.75pt Gap down + PDC Strength = Early Reversal to tight range trend

-2.75pt Gap down + PDC Strength = Early Reversal to tight range trend
Key Trade of the Day:
Trade Review :

ADJUSTMENTS & OBSERVATIONS:
BE VERY MINDFUL of higher higher and higher lows when long - to prevent barf exits !!
BE VERY MINDFUL of lower lows and lower highs when short - to prevent barf exits !!
Also watch the VIX for confirmation of direction, these will allow you to stay patient and prevent barf exits !!

Do get excessive with probes by cutting them before they get a chance to go, if they dont break your bail point try to hold. 15 minutes at least.

On TRD 10+ Gap days, Consider Bailing on whole position instead of taking halfs off.

Tuesday, October 22, 2013

5:30 news + 6pt Gap up + Blocks on lows = Early Runner till 1st TI

5:30 news + 6pt Gap up + Blocks on lows = Early Runner till 1st TI. We reversed from the 1755 high and selling off to 1742 before moving back into the range for the day. The Daily . D is due to print cycle Resistance. with No news tomorrow we could test 1735-1730 range before stalling?
Key Trade of the Day:
Trade Review :

ADJUSTMENTS & OBSERVATIONS:
BE VERY MINDFUL of higher higher and higher lows when long - to prevent barf exits !!
BE VERY MINDFUL of lower lows and lower highs when short - to prevent barf exits !!
Also watch the VIX for confirmation of direction, these will allow you to stay patient and prevent barf exits !!

Do get excessive with probes by cutting them before they get a chance to go, if they dont break your bail point try to hold. 15 minutes at least.

On TRD 10+ Gap days, Consider Bailing on whole position instead of taking halfs off.

Monday, October 21, 2013

+2.75 Gap up + rally to 1st Ti rally = Reversal to Range Low of 1736.25

+2.75 Gap up + rally to 1st Ti  rally = Reversal to Range Low of 1736.25. We bounced from here over leading in the 3rd Ti 
Key Trade of the Day:
Trade Review :

ADJUSTMENTS & OBSERVATIONS:
BE VERY MINDFUL of higher higher and higher lows when long - to prevent barf exits !!
BE VERY MINDFUL of lower lows and lower highs when short - to prevent barf exits !!
Also watch the VIX for confirmation of direction, these will allow you to stay patient and prevent barf exits !!

Do get excessive with probes by cutting them before they get a chance to go, if they dont break your bail point try to hold. 15 minutes at least.

On TRD 10+ Gap days, Consider Bailing on whole position instead of taking halfs off.

Friday, October 18, 2013

+5pt Reversal Gap of the opening test of the lows @ 1730 + 1st Ti Reversal = Trend to new highs

+6pt Reversal Gap of the opening test of the lows @ 1730 + 1st Ti Reversal = Trend to new highs
Key Trade of the Day:
Trade Review :

ADJUSTMENTS & OBSERVATIONS:
Do get exessive with probes by cutting them before they get a chance to go, if they dont break your bail point try to hold. 15 minutes at least.

On TRD 10+ Gap days, Consider Bailing on whole position instead of taking halfs off.

Be Very Quick to cut out of positions that stall or dont move in favor immediately. You can always reenter even at a worse price without chasing.

On Range Gaps - Be Patient and look for Liquid Entries at extremes.

Stay Focused after a good start and look for opportunities. Forget your P&L and focus on more opportunities.

When you get off to a rough start lower lots and be patient.

Have stronger and clear Background before entry to give more patients, confidence and trust in your entry.

Never Rush the Open - If you miss the open then sit it out or wait for an ideal setup before entering.

Thursday, October 17, 2013

-4pt Reversal Gap + Test of Flag Low @ 1709 = Steady Rally to into the previous highs of 1720.

-4pt Reversal Gap +  Test of Flag Low @ 1709 = Steady Rally to into the previous highs of 1720.
Key Trade of the Day:
Trade Review :

ADJUSTMENTS & OBSERVATIONS:
On TRD 10+ Gap days, Consider Bailing on whole position instead of taking halfs off.

Be Very Quick to cut out of positions that stall or dont move in favor immediately. You can always reenter even at a worse price without chasing.

On Range Gaps - Be Patient and look for Liquid Entries at extremes.

Stay Focused after a good start and look for opportunities. Forget your P&L and focus on more opportunities.

When you get off to a rough start lower lots and be patient.

Have stronger and clear Background before entry to give more patients, confidence and trust in your entry.

Never Rush the Open - If you miss the open then sit it out or wait for an ideal setup before entering.