Wednesday, October 23, 2013

-2.75pt Gap down + PDC Strength = Early Reversal to tight range trend

-2.75pt Gap down + PDC Strength = Early Reversal to tight range trend
Key Trade of the Day:
Trade Review :

ADJUSTMENTS & OBSERVATIONS:
BE VERY MINDFUL of higher higher and higher lows when long - to prevent barf exits !!
BE VERY MINDFUL of lower lows and lower highs when short - to prevent barf exits !!
Also watch the VIX for confirmation of direction, these will allow you to stay patient and prevent barf exits !!

Do get excessive with probes by cutting them before they get a chance to go, if they dont break your bail point try to hold. 15 minutes at least.

On TRD 10+ Gap days, Consider Bailing on whole position instead of taking halfs off.