Today we had 7.75pt Gap Down with NO signals of significance, we had 1 Block bar in the pre-open on the 1500 tick with NO clear Bias on it. The range was maxed at 4pt by the 1st Ti with short spurts in both directions. Essentially a TRD with a short bias by the 2nd Ti.
Recap Notes:
Trade Selection - Good trading, Ok initial Entries, Good Exits.
Sequence 1 was a solid 15/5 cycle sync entry on open momentum but very little background information, I had a probes on that didnt move much so i exited with small loses here.
Sequence 2 was a reversal of the 1st Short Sequence but more of the same with No signals popping and small probes that broke even.
Sequence 3 was a 15/5 cycle NT that move rapidly in favor good for a small gain.
INTANGIBLE OBSERVATIONS:
Recognize when there are NO signals and Act appropriately -Today we Opened with a 7.75 Gap down but had very little signal bias. On days like this it is best to stay LIGHT and probe for opportunities taking small profits off the table at every chance. Be ready to quit early.