Today we had a 2.50 Continuation Gap on the heals of Block bars showing up in the Globex session after Rambo bars printed 10 points below the close. Indicating Specialist accumulating after hours. This strength fueled a rally to the pre-open and into the 1st Ti testing the 1516 area.
Recap Notes:
Trade Selection - Good Trading, Good initial Entries, Good Cuts and Great Exits.
Sequence 1- was actually 15/5 cycle with block bars printing on the globex lows and the pre open. Price opened into apparent weakness but the blocks printed again at 1500 support. Good trade i was able to take most off at rally high.
Sequence 2 - was a Reentry 15/5 cycle with blocks in the background. After probing I was able to get max on for a solid gain exiting into the rally. Was able to take the bulk off at healthy gains.
INTANGIBLE OBSERVATIONS:
look for Blocks on the higher Time Frames and give the probes a chance - Today i was able to get probes on based on strength but didn't give them a chance to indicate confirmation so i wound up closing and reversing only to reverse bake to my original premise before gains were made. This is too exhaustive and needs to be checked. The key is to trust the PREMISE and allow it to confirm before getting more on.