Today we had -10pt Gap down and hard selling beyond the 2nd Ti with small pullbacks in between. Price Tapped @1541 Mondays 34pt selloff day Low. We bounced from here a few point then back to more lows.
Recap Notes:
Trade Selection - Timid Trading, Suspect Entries, ok Exits & Good cuts.
Sequence 1-4 -Basically probes on the day no real sequences to Note. Price was moving well beyond the normal pace marking 3 - 4pts in seconds. So i opted to sit out for the duration until i can get my bearings. No regrets.
ADJUSTMENTS & OBSERVATIONS:
Be patient and keep the Probes to a minimal
Take small profits when given!! Im expecting larger moves due the wider ranges of lately. However I need to STOP looking for home runs and take the singles to get into rythme.
Be sure to WAIT for Qualified Sequences ONLY!!
Take small profits when given!! Im expecting larger moves due the wider ranges of lately. However I need to STOP looking for home runs and take the singles to get into rythme.
Be sure to WAIT for Qualified Sequences ONLY!!