Recap Notes:
Trade Review : + Moderately Good
[GOOD]Seq Selection [GOOD]Entries [POOR]Exits [GOOD]Exposure [OK]Psyche
Sequence 1 - Today we had a clear test of the Daily support in the form of Old Gap, we bounce from hear and gradually made move higher. I was able to nail the entry and take 1 off in a good spot but had a poor exit on the second lot.
Sequence 2 - Same Trade as the original just a reentry at higher prices, Good entry. I was able to exit 1 off at the 4pt target but failed to close the 2nd lot and wound up out with a tick after having multiple chances to close at 3+. Price did eventually move higher but only after the 8:30 bar. I was shaken out prior to that rally. Poor Exits on the day but Overall ok trading.
Sequence 2 - Same Trade as the original just a reentry at higher prices, Good entry. I was able to exit 1 off at the 4pt target but failed to close the 2nd lot and wound up out with a tick after having multiple chances to close at 3+. Price did eventually move higher but only after the 8:30 bar. I was shaken out prior to that rally. Poor Exits on the day but Overall ok trading.
ADJUSTMENTS & OBSERVATIONS:
Taking Profit/Leaving Money on the Table - Today i left alote of money on table but in a bad way. I failed to close on my 2nd lots looking to get more out of them and wound up closing with ticks instead of points, 6pts to be exact... This is totally unacceptable and must be corrected. Do Maat work for greed and acceptance. Appreciate whats given and move on, be sure that money left on the table holds NO regrets.
Prep rep the night before and Globex Data on the open is a must - Today i had No Data on the open and was somewhat blind, however their were clues that pointed short, ie. the $TICK printed Exhaustion on the opening 1 minute bars in the overbought rang of +800
When we have NO News days be patient on the open - This is especially important when their is NO NEWS. Its best to wait for Extremes to happen then wait for Block bars or Pro bars to setup.
Prep rep the night before and Globex Data on the open is a must - Today i had No Data on the open and was somewhat blind, however their were clues that pointed short, ie. the $TICK printed Exhaustion on the opening 1 minute bars in the overbought rang of +800
When we have NO News days be patient on the open - This is especially important when their is NO NEWS. Its best to wait for Extremes to happen then wait for Block bars or Pro bars to setup.