Today we had a -2pt gap down into some 15 minute and 135000 tick support, but weakness was clearly evident overall but needed time to play out. The signal came on a 4500 EOT with Block Bars a the highs on all tick charts. After a tight ranging morning price sold off 8pts during the 2nd Ti.
Recap Notes:
Trade Selection - Good 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 no real moves as the range was tight. but i managed to take small profits with max size and quick cuts.
Sequence 2 - was a short based on the 45 EOT with block bars across the ticks. price sold off over the next hour but i was only able to a small gain with good lots. Ran out of time due to morning errands. No regrets good day considering the circumstances.
(Alote of Probing)
(Alote of Probing)
INTANGIBLE OBSERVATIONS:
OStrong Signals but choppy Opens - Usually of we have strong signals but a choppy ope n we tend to get a larger move later in the day around the 2nd Ti. Be alert for this type of action especially during daylight saving time, Spring Time change is critical for what to expect early