Friday, May 31, 2013

-5pt Gap Dn + Pre-Open momentum + Block Bars@ 5M Lows = Open Rally


Today we had a -5pt Gap Down with momentum coming into the pre-open printing block bars on the 5m low @ support. On the open we printed block bars across the board signaling strength that should last throughout the day. Remembering that their is NO news releases so expect manipulation through low volume zones.
Recap Notes:


Trade Selection -  Perfect Trading, Excellent Entries, Maximum Exits.
Sequence 1 1 shot 1 Kill to close the Month out!! - Today was a great way to close the week and month out on a high note. I took a 15 single cycle at support with block bars in the background of the    5minute, 1500 and 500 Ticks. The key was that we initially sold down a it but kept getting rejection @ 1646. A major clue that the block bars would hold. I was able to enter a bit above that area and hold for Max gain.

ADJUSTMENTS & OBSERVATIONS:

When reading price action on the matrix - keep a close eye on rejected price zones, they may or may not be S/R but when price flickers with no movement in the immediate direction then that may be price holding.

NEVER stick around in a choppy market with Few signal - This was a very frustrating day for those who missed the open rally. Today that was me with too many probes. Due to no signals early i could tell what to trust so i bailed early and often

Take 1 Shot 1 Kills to the Bank - When you get a solid Gain early be grateful, thank god and go about your day, sticking around has proven to be more work then it may be worth.

Laughter is the best medicine - Today i actually had a trade run 5 points in my favor and before i could even blink it pulled back to my entry, i got out with a scratch. Typically i would have been moved to some frustration, but this time i couldn't help but to laugh at how that must have looked.. Needless to say it broke any inclination towards regret frustration or any negative emotions or thoughts. I then came to the sudden realization that this was FUN.. Knowing their are more opportunities to come in the future, the day became a game i was playing with myself, Like Super Mario Bros. How many coins can i collect before the closing bell??! LOL

Thursday, May 30, 2013

+2pt Gap off Strength = Rally into 1st Ti


Today we had a +2pt Gap off strength and rally into the 1st Ti. where we traded into an acending flag for the remainder of day breaking near the close @ 11:30ish. The breaks were small and choppy. 
Recap Notes: 
Trade Selection -  Poor Trading, Poor Entries, Poor Exits.
Sequence 1 Took way to many sequences with poor entries and exits. With that said this was a very strange day as i got very few signals early on. No pro bars or block bars on the ticks until after the huge opening rally that i missed by closing my position too soon. I tried holding for flag breaks that would not budge. basically a hold till the close type day. Block bars did show up later as the flag began. I stayed around all day when the major move was clearly over. When i had a series of solid trades i kept trading. Mistakes that exhaust you mentally!!.

ADJUSTMENTS & OBSERVATIONS:

NEVER stick around in a choppy market with Few signal - This was a very frustrating day for those who missed the open rally. Today that was me with too many probes. Due to no signals early i could tell what to trust so i bailed early and often


Take 1 Shot 1 Kills to the Bank - When you get a solid Gain early be grateful, thank god and go about your day, sticking around has proven to be more work then it may be worth.

Laughter is the best medicine - Today i actually had a trade run 5 points in my favor and before i could even blink it pulled back to my entry, i got out with a scratch. Typically i would have been moved to some frustration, but this time i couldn't help but to laugh at how that must have looked.. Needless to say it broke any inclination towards regret frustration or any negative emotions or thoughts. I then came to the sudden realization that this was FUN.. Knowing their are more opportunities to come in the future, the day became a game i was playing with myself, Like Super Mario Bros. How many coins can i collect before the closing bell??! LOL

Wednesday, May 29, 2013

- 6.5pt Gap + Blox On Globex Lows = Early test of Resistance till 1st Ti & Failing @ 1651 to 1638 Decline


Today we had a - 6.5pt Gap on the open. We bounced from the 1645 area to rally into the 1st Ti were we printed Bearish Absorption Block bars on the 15m Resistance near 1651. From here price sold off breaking the low @ 1627.25 to fall through the ice beyond the 2nd Time Interval. This was a much needed correction. 
Recap Notes: 


Trade Selection -  Good Trading, Good Entries, Ok Exits.
Sequence 1 Good entry and selection price moved in favor fairly quickly but i failed to exit into the rally and took a minimal gain. What should have been a great sequence became a less than average one. However still a gain never the less. Must perfect exiting into rallies.

Sequence 2 Good Trade was able to catch the break that i had anticipated on the original entry. This time I did a better job of exiting into the rally when opportunity presented itself.


ADJUSTMENTS & OBSERVATIONS:

Take 1 Shot 1 Kills to the Bank - When you get a solid Gain early be grateful, thank god and go about your day, sticking around has proven to be more work then it may be worth.

Laughter is the best medicine - Today i actually had a trade run 5 points in my favor and before i could even blink it pulled back to my entry, i got out with a scratch. Typically i would have been moved to some frustration, but this time i couldn't help but to laugh at how that must have looked.. Needless to say it broke any inclination towards regret frustration or any negative emotions or thoughts. I then came to the sudden realization that this was FUN.. Knowing their are more opportunities to come in the future, the day became a game i was playing with myself, Like Super Mario Bros. How many coins can i collect before the closing bell??! LOL

Tuesday, May 28, 2013

+14.5 pt Gap up+ Broken Block Bars on HT + Open Momentum above VPOC = Early Rally Thru 1st Ti.


Today we had a +14.5 Gap Up above potential Resistance on the Daily, that being the past 2 prior days high. Not allowing weak holders to benefit the momentum was strong enough to push us into the 1670's by the 2nd Ti. A test of the 1685  high appears to be in short order possibly early in the week if not today. My bias is long if Block bars are continuing to be broken to the upside. 
Recap Notes: 


Trade Selection -  Great Trading, Good Entries, Ok Exits.
Sequence 1 1 Shot 1 Kill. Good way to start the week. This was an early entry to a 15 single cycle. Actually put on a probe based on a C(500 cycle in trend). Price turned on the 15 cycle and gave a solid pop. I was able to exit into the rally taking solid gains on a 1500 pro bar to End the day early.


ADJUSTMENTS & OBSERVATIONS:

Take 1 Shot 1 Kills to the Bank - When you get a solid Gain early be grateful, thank god and go about your day, sticking around has proven to be more work then it may be worth.

Laughter is the best medicine - Today i actually had a trade run 5 points in my favor and before i could even blink it pulled back to my entry, i got out with a scratch. Typically i would have been moved to some frustration, but this time i couldn't help but to laugh at how that must have looked.. Needless to say it broke any inclination towards regret frustration or any negative emotions or thoughts. I then came to the sudden realization that this was FUN.. Knowing their are more opportunities to come in the future, the day became a game i was playing with myself, Like Super Mario Bros. How many coins can i collect before the closing bell??! LOL

Thursday, May 23, 2013

-19pt Gap + Pre-Open Blocks + Open Block Basing = slow grinding up Trend


Today we had a 19pt Gap + Pre-Open Blocks + Open Block Basing = slow grinding up Trend. With multiple block bars on the 13500 and key areas on the 40500 being broken to the upside its clear accumulation on the day. We cross the creek @ 1645 on high volume and rallied from their. No surprise if we Gap up and Rally Tomorrow.
Recap Notes: 


Trade Selection -  Ok Trading, Good Entries, Ok Exits.
Sequence 1 Was a 45/5 cycle that i thought was a 45/15 cycle. Regardless the trade moved in favor 2points and looked as if it would break higher but failed on a few attempts. I had many chances to bail out but held tooo long and took a tough Loss.

Sequence 2 This trade was a great entry that played out very fast (Best trade Of the Day). Price kept stalling and popping with rejection below the initial entry so i was able to get more on and hold for Max pushing us into the green on the day.

ADJUSTMENTS & OBSERVATIONS:

Take a bit more time to study the pre-open - I can gain valuable insight with a little more study of the pre-open. The ideal clues are Block bars at key Support or Resistance areas.

Laughter is the best medicine - Today i actually had a trade run 5 points in my favor and before i could even blink it pulled back to my entry, i got out with a scratch. Typically i would have been moved to some frustration, but this time i couldn't help but to laugh at how that must have looked.. Needless to say it broke any inclination towards regret frustration or any negative emotions or thoughts. I then came to the sudden realization that this was FUN.. Knowing their are more opportunities to come in the future, the day became a game i was playing with myself, Like Super Mario Bros. How many coins can i collect before the closing bell??! LOL

NEVER Approach an Entry with a Short Term Profit in Mind (ie. "I Just Need 1pt") -  Just this thinking alone will set you up for a loser. The 1st reason is that when price moves against you, you are more likely to hold waiting for that small uptick that you want. 2nd When price moves in favor by your small amount if you close for a small gain, you have set yourself up for regret and are more likely to come back with another loser. 3rd reason is that once price moves that small amount in favor you will need to be extremely quick to close and hope to get a good fill. if not you try to hold for an even bigger gain further setting you mind up for a losing trade. And finally if you enter trades with short term targets you are less likely to risk more than the small amount your seeking and will often be stopped out or spooked out of a possibly good trade.
The proper approach: Allow the market to flash "FREE MONEY!! COME AND GET ME!!" without any specific short term target to limit your potential. When price fluctuates in any direction you are more likely to remain focused and be willing to hold or cut out if the signals warrant.

When you Put in a 1S1K YOU ARE DONE FOR THE DAY -There is no need to stick around and fight the market when you get a freebie!!!

Manipulation Mondays - Today was a continuation of the Fridays trend, Notice when their is No or lite news as is often the case on Mondays, price can move in one direction on light volume as the campaign can be easily pushed. good to enter early and be patient as it could take hours to hit your target.

EXIT INTO THE RALLY!! -  Today i failed to exit into the rally on multiple occasions giving back major points.  THE KEY IS TO EXIT WHILE THE RALLY IS IN PLAY. you may leave a bit on the table at times but you will catch the bulk of the move. If price has rallied prior to a 7:00 news release BAIL OUT!! Don't worry to leave money on the table, this is a high probability EXIT.

Stay Focused - Jump on solid Block bars at cycle turns, Today i missed a few very good entries that had block bars on synchronized cycles, minor distractions caused a half hearted effort to enter and i