-3.pt Gap + PO Blocks @ lows = Strength Early

Today we had 3.0pt Gap Down into Strength with Pre- Open Block bars showing up at the lows. This sign of strength in addition to a 13,5000 opening block bar that was quickly broken was evidence of Profession buying opportunities in the 1994 area. We tested the 1998 just prior to the 1st Ti and marked Down very aggressively to close the 7:00 bar. However the mark down proved to be another buying opportunity as Block showed up again across the board at the 1493-1494 retest where prices rallied again back to 1498 zone.

Recap Notes:

Trade Selection -  Great trading,  Great initial Entries,  Great Exits. 

Sequence 1 was a solid 13,500/45/5 cycle sync entry on open momentum based on Background Strength. The most recent strength appeared with Blocks on the pre-open lows. I was able to reverse my initial probe and establish a solid set of lots to the long side. Showing patients and trusting my premise i was able to hold to max out the prices high point nailing the final exit to within a tick from the peaks.

INTANGIBLE OBSERVATIONS:

Maximize Strong Signals - Today we had strong signals again on the pre-open. The key was maximizing the profit by allowing time to work for us. We know the 1st Ti is a critical point for taking profits as price tends to reverse, or break through at or around the point. So we need to closely follow the $Tick, volume increase/decrease and be sharp on our exit not leaving anything up to chance by scaling out by or around the 1st Ti. Particularly on 7:00am Red NEWS days.

Maximize Strong Signals - When we get strong signals and price moving in favor and/or staying in favor then time is on our side and it is prudent to at least wait to the 1st Ti before the last lot is closed.

Trade the Background to put Time on your side - Today i entered based on the background weakness and was able to wait the market out, however had i waited longer the larger the gain, as time progressed price declined further and further as Predicted by strong signs of weakness from the prior days Mid day Blocks and high time frame EOT signals.

3.25 Gap Up + PO Blocks @ Highs = Downside Momentum til 1st Ti

Today we had 3.5pt Gap Up into weakness with Pre- Open Block bars showing up at the high. This signaled short momentum early. Price did decline till the 1st Ti after putting in a 8.0 pt move before showing signs of reversing potentially on the day.

Recap Notes:

Trade Selection -  Good trading,  Great initial Entries,  OK Exits. 

Sequence 1 was a solid 45/5 cycle sync entry on open momentum based on Background weakness and 4500/500 tick charts. Price sold off fairly quick but stalled for a while before moving a bit lower. I took profits a fairly reasonable area but should have held for the 1st Ti, Price eventually moved 8pts in favor. 

Sequence 2 was a check probe C(500 cycle NT) very high probability trade. I was too light and exited too early, this trade moved 4pts on favor with me only taking a small portion. hindsight regrets of course.

INTANGIBLE OBSERVATIONS:

Maximize Strong Signals - When we get strong signals and price moving in favor and/or staying in favor then time is on our side and it is prudent to at least wait to the 1st Ti before the last lot is closed.

Trade the Background to put Time on your side - Today i entered based on the background weakness and was able to wait the market out, however had i waited longer the larger the gain, as time progressed price declined further and further as Predicted by strong signs of weakness from the prior days Mid day Blocks and high time frame EOT signals.