Recap Notes:
Trade Review - Below Average Trading, ? Sequences
[-AVG]Seq Selection [OK]Entries [-AVG]Exits [-AVG]Exposure [OK]Psyche
[-AVG]Seq Selection [OK]Entries [-AVG]Exits [-AVG]Exposure [OK]Psyche
Sequence 1 - Took a 15 cycle with block bars on the low, but this turned out to be falling through the ice and i was taken out.
Sequence 2 - Took a 45 single cycle with block bars on the low, This turned out to be a small gain.
Sequence 3 - Took a 45/5 cycle with block bars in the back, but this trade quickly moved against the position so bailed with a small loss but on max lots.
Sequence 3A - Took a 45/5 cycle with block bars in the background, price move in favor about a point before stalling and i would up bailing with a small gain.
The Theme was too many probes and Trend Bucking, Not too mad at the selection but they were all taken with the $TICK trending BELOW the 0 Line.
Sequence 2 - Took a 45 single cycle with block bars on the low, This turned out to be a small gain.
Sequence 3 - Took a 45/5 cycle with block bars in the back, but this trade quickly moved against the position so bailed with a small loss but on max lots.
Sequence 3A - Took a 45/5 cycle with block bars in the background, price move in favor about a point before stalling and i would up bailing with a small gain.
The Theme was too many probes and Trend Bucking, Not too mad at the selection but they were all taken with the $TICK trending BELOW the 0 Line.
ADJUSTMENTS & OBSERVATIONS:
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.