Recap Notes:
Trade Selection - Ok Trading, OK initial Entries, Good Cuts and Solid Exits.
Sequence 1- was a 45/5 sync with Block bars i the back. This trade had a good premise but the entry was a bit early. I wound up cutting alote before getting max on and eventually scaling out for a small loss. No regrets
Sequence 2 - was a reentry the of sequence 1 based on a 45/5 cycle with blocks in the background. I was able to get max on for a solid gain exiting into the rally. Was abke to take the bulk off at healthy gains.
Sequence 3 - was a Liquid Entry off block bars after a sharp decline. I want able to get more on so we went light. Got a solid gain on 1 lot but not the other. Needed to close all at the better gain.
(Alote of Probing and Liquid Scalps on the day)
Sequence 3 - was a Liquid Entry off block bars after a sharp decline. I want able to get more on so we went light. Got a solid gain on 1 lot but not the other. Needed to close all at the better gain.
(Alote of Probing and Liquid Scalps on the day)
INTANGIBLE OBSERVATIONS:
ON NO NEWS days be careful to wait for very solid entries and be quick to kill probes - Today we had NO news which allows for Manipulation and
Don't wait for Dark pools to sell before taking profit - Today I was able to catch a sold move
that appeared to have much more left in the tank. However we NEVER printed any Blocks on ANY Time frames before selling off 6+ points in 15 minutes. The only warning was 1 Probar on the 4500 and the 1 minutes charts. Had i waited for stronger signals things could have been bad. This is why it is key to exit into the rally taking the bulk off prior to any hard confirming signals.
Always check the News - Today trading outside my morning prep routine i made a crucial error in judgment by placing a trade at the 1st Ti and getting caught in the whipsaw. During whipsaw moments it is often tough to execute in and out of positions thus it wise to avoid entering just prior to the 7:00am. This is a byproduct of missing the morning routine.