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.