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.

Wednesday, September 11, 2013

1.75pt gap+ Weakness = Gradual Test of the Low @ 1677.75

Today we opened Down -1.75pt gap+ Weakness = Gradual Test of the Low @ 1677.75. The low was put in after the 1st Ti where we bounced with 2 bar reversal Absorption Blocks @ 2nd Ti to rally back to the 1682 area.
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.

Thursday, September 5, 2013

-1pt gap into Strength + Break above 1654 R = Run to 1658 by 1st Ti.

Today we opened Down -1pt gap into Strength + Break above 1654 R1 = Run to 1658 by 1st Ti. we stalled at these levels drifting lower to confirm 1656. The next level higher is 1660 and 1669. Reject at these levels could mean a resumption of the recent down trend.
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.

Wednesday, September 4, 2013

-1.5pts Open + Absorption = Strong Rally to test 1648

Today we opened Down 1.5pts holding the globex and PDVPOC of 1636-1638 zone. We did move lower to test the 1635 price very briefly before rallying to 1645 by the 1st Ti. We still look bearish under 1669 but a test of 1660-1669 this week would not surprise
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.