Today we had a 5pt Gap Dn with Block bars on globex lows creating pre open momentum, we also had 15 minute cycle to the long side adding to the upside pressure, this lasted till the 1st Ti where we printed another Block bar on the 15 Minute knocking prices back into the tight 4.25pt Range
Recap Notes:
Trade Selection - Ok trading, Good initial Entry, OK Exits. Sequence 1 was a Liquid Long based on Globex Block on the lows on higher TF's. My background was strong but I was unable to take advantage of the small move i got and wound up exiting in hast a bit early. Sequence 2 was a15/5 cycle in the same direction basically continuing the 1st sequence. I was able to catch the rally this time for a good gain. Good job of quitting on time and accepting a small gain in a tight range mkt.
INTANGIBLE OBSERVATIONS:
Its Ok take small bits out the markets -Continuing with light lots and quick stops in order to warm up and get back into rhythm. Today was ok but i noticed myself feeling like i should have captured more points. Be satisfied with your gains. The sense of greed or un appreciated gains will rear its ugly head it allowed to persist.
Start slow and Low after hiatis breaks - Today we had a bit of a mixed bag with a tigh range early so I traded light on the morning.
Start slow and Low after hiatis breaks - Today we had a bit of a mixed bag with a tigh range early so I traded light on the morning.