7.75 pt Gap Up + Tight range flag= Breakout Day into New Highs

Today we had a 7.5 Gap Up. We traded into a tight 2 bar triangle and broke out to the upside on the 1st Time Interval, after which we then consolidated to the 9 zone and began where the range began to expand as prices moved higher closing on the new highs.

Recap Notes: 

Trade Selection -  Good trading, Excellent Entries I stayed Patient and waited for the best opportunities. But i was compelled to close out a bit too early just prior to the major breakout. look to keep 1 lot active in strong Trend Days.

INTANGIBLE OBSERVATIONS:

In strong trending Days price usually closes in the top 75% of the Range - this has been the case on many occasion over the past few weeks as price moves into new highs. Try to hold 1 lot till close if the trend is strong and playing out.

10.5 Gap Dn + Weak support = Consolidation Break into Down Trend till 3rd Ti

Today we had a 10.50 Gap Dn into weak support at the 3rd test of the 135 buy zone low as noted yesterday. We chopped around and broke lower on a 4500 Tick pullback in trend to break below the 4500 EOT and the 15M Support.

Recap Notes: 

Trade Selection -  Good trading, I stayed Patient and waited for the best opportunities. But i entered a bit late and did miss a few opportunities, but still hit daily profit goal.

INTANGIBLE OBSERVATIONS:

In Strong Trends, When the 135 Minute is in the Buy Zone look for Liquid Entries and Cycle Syncs for Quick Reversals - This played out yesterday and today. (See Blue Arrows)

Pay attention to the RANGE - Take 1/2 off max when the range is tight - Look to cut max down and pay attention to the ATR.

.50 Continuation Gap Up + Into Resistance = early down trend till 3rd

Today we had a .50 Gap Up into resistance on the 15 M and previous days high around 1401.50. We Sold off early with solid bounces but continued to move lower till the 3rd Time Interval where we reversed to test the open.

Recap Notes: 

Trade Selection - Ok trading, could have been done sooner but i missed a great opportunity to take profit early and had to sit thru retracements managing risk with size to bail me out. Not a great day but solid gains put in.

INTANGIBLE OBSERVATIONS:

In Strong Trends, When the 135 Minute is in the Buy Zone look for Liquid Entries and Cycle Syncs for Quick Reversals - This played out yestarday and today. (See Blue Arrows)

Pay attention to the RANGE - Take 1/2 off max when the range is tight - Look to cut max down and pay attention to the ATR.