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.
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
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