Today we had +14pt Gap and immediate rally into the Daily Super Trend Line. This was broken with ease as we tight range drifted into the 2nd Ti, running 8.25pts from the open with 1 small pullback.
Recap Notes:
Trade Selection - Good Trading, Good Entry, Good Exits.
Sequence 1 This trade was a 1500 single cycle after the initial rally that provided no real entry point. The 15 cycle printed blocks on the small move lower just prior to the 1st Ti, indicating the potential to continue the rally. We also had the 1st test of the 0 Line in $Tick. Good job of taking profit off the table when presented.
ADJUSTMENTS & OBSERVATIONS:
Patient on the Open waiting for the cycles is the key. Allow the directional Premise to show itself
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!!
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!!