Today we had an early reversal gap that opened with momentum to the upside. we tested the 1564 Daily high witch was also a EOT on the 15 minutes chart before selling off hard on the 1st Time interval. Price moved 9.5pts from the open and continuing to fall to the 2nd Ti testing the 1553 area.
Recap Notes:
Trade Selection - Ok Trading, Good initial Entries, Good Exits.
Sequence 1- 45 Single Cycle with open Momentum. Solid trade i was able to get more on upon confirmation of a block bar that appears during the turn on the 500 tick.
Sequence 2 - Probes. Too many probes on the day cut into good profits. Watch the excessive probing and be sure to define the sequence prior to laying a probe.
INTANGIBLE OBSERVATIONS:
Give the position i little more time when block bars are evident in key areas that hold.
Limit the probes until we have a clearly defined sequence.
STAY FOCUSED the Opportunities
Limit the probes until we have a clearly defined sequence.
STAY FOCUSED the Opportunities