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.