Monday, September 30, 2013

-16pt Gap + Instant Test of 1666-1667 Low on Block Vol = Long Rally Gap Test to 1678 by 2nd Ti

Today we opened Down -16pt Gap + Instant Test of 1666-1667 Low on Block Vol = Long Rally Gap Test to 1678 by 2nd Ti. Next test is 1680-1683.
Recap Notes:
Trade Review :

ADJUSTMENTS & OBSERVATIONS:
Stay Focused after a good start and look for opportunities. Forget your P&L and focus on more opportunities.

When you get off to a rough start lower lots and be patient.

Have stronger and clear Background before entry to give more patients, confidence and trust in your entry.

Never Rush the Open - If you miss the open then sit it out or wait for an ideal setup before entering.

Friday, September 27, 2013

-8pt Range Gap = Tight range till 2nd TI

Today we opened Down -8pt below the 1684-86 area signaling a Rang gap = choppy tight range till the 2nd Ti. This play out until the 8:30 bar as price broke the days high.
Recap Notes:
Trade Review :

ADJUSTMENTS & OBSERVATIONS:
Stay Focused after a good start and look for opportunities. Forget your P&L and focus on more opportunities.

When you get off to a rough start lower lots and be patient.

Have stronger and clear Background before entry to give more patients, confidence and trust in your entry.

Never Rush the Open - If you miss the open then sit it out or wait for an ideal setup before entering.

Thursday, September 26, 2013

+3pt Rev gap + Instant rally to 1st TI = Reversal to prior lows

Today we opened Down +3pt Rev gap = Early Rally into the 1st Ti where price stalled and reversed to retest the lows of the prior day. A hold above 1686 on the close could mean more strength to close the week. 
Recap Notes:
Trade Review :

ADJUSTMENTS & OBSERVATIONS:
Stay Focused after a good start and look for opportunities. Forget your P&L and focus on more opportunities.

When you get off to a rough start lower lots and be patient.

Have stronger and clear Background before entry to give more patients, confidence and trust in your entry.

Never Rush the Open - If you miss the open then sit it out or wait for an ideal setup before entering.

Wednesday, September 25, 2013

-1pt Con gap = Early Test of Gap Low Area between 1687-1684

Today we opened Down -1pt Con gap = Early Test of Gap Low Area between 1687-1684. Price whipped back and forth maxing long at 1692 and short at 1684.75. 
Recap Notes:

Trade Review :

ADJUSTMENTS & OBSERVATIONS:
When you get off to a rough start lower lots and be patient.

Have stronger and clear Background before entry to give more patients, confidence and trust in your entry.

Never Rush the Open - If you miss the open then sit it out or wait for an ideal setup before entering.

Thursday, September 12, 2013

-7pt Gap Dn + Contract Rollover = Slow Tight Range & Few Opportunities

Today we opened Down -7pt + Contract Rollover = Slow Tight Range & Few Opportunities. With short term strength in the background it will be interesting HOW we go from here. If we can close above 1680 the odds appear to favor a bounce.
Recap Notes:
Trade Review : Compliant - No Sins

ADJUSTMENTS & OBSERVATIONS:
Have stronger and clear Background before entry to give more patients, confidence and trust in your entry.

Never Rush the Open - If you miss the open then sit it out or wait for an ideal setup before entering.