Trade 1 gave me the first scale and at break even on the balance as the consolidation happened followed by the break down.
I then sold Trade 2 into the hole. The POC of yesterday held and I had about 10 minutes to see that and exit for a tiny profit. Again the 99EMA gave the same info.
Trade 3 was the trade of the morning. Kiki just watched all the green candles and exited her whole position all out when the red one appeared outside of the Keltner. Way to go Kiki. I had a late entry by a bar as I was not focused enough. Luckily it did not cost too much. Maybe it was not really late. Depends on how aggressive you want to be or how much red meat you've been eating lately. I'm now waiting for something to happen as RTH is near as I write this first half of the blog.
I'll be looking carefully at yesterday's VAH.
The RTH open was not easy to trade. Trade 4 was a sale into the hole again but I covered it pretty fast at a 1 tick loss. I then stood aside waiting for the VAH I spoke about above. There was lots of chop and although the VAH held, I wasn't smart enough to get on board - I don't really know why, lost focus again. When the breakout came it just looked like more chop and by the time it was recognisable, by me at least, it was too late to catch that bus. Now looking for a pullback to buy to trade to the 1093.25 resistance. It didn't happen so I am sitting here figuratively with pants around ankles. The only good entry was at the VAH at around 1084.00 or perhaps as the Profile went into double prints above 1086.50, but that was the mid range of the chop.
If this is a trend day in the making, I'll find a re-entry where my stop is meaningful. If not, we have the DVAL to work with.
Afterwords, I did see a higher risk entry at 1093.75. As I write this, I can see price heading towards 1097.75 resistance and then 1104.25. It certainly looks like a trend day and you just buy it and hang on, scaling out at the resistance areas. You just need to be aware that there will probably be another rotation before the close and the idea is not to get caught by that.
The RTH open was not easy to trade. Trade 4 was a sale into the hole again but I covered it pretty fast at a 1 tick loss. I then stood aside waiting for the VAH I spoke about above. There was lots of chop and although the VAH held, I wasn't smart enough to get on board - I don't really know why, lost focus again. When the breakout came it just looked like more chop and by the time it was recognisable, by me at least, it was too late to catch that bus. Now looking for a pullback to buy to trade to the 1093.25 resistance. It didn't happen so I am sitting here figuratively with pants around ankles. The only good entry was at the VAH at around 1084.00 or perhaps as the Profile went into double prints above 1086.50, but that was the mid range of the chop.
If this is a trend day in the making, I'll find a re-entry where my stop is meaningful. If not, we have the DVAL to work with.
Afterwords, I did see a higher risk entry at 1093.75. As I write this, I can see price heading towards 1097.75 resistance and then 1104.25. It certainly looks like a trend day and you just buy it and hang on, scaling out at the resistance areas. You just need to be aware that there will probably be another rotation before the close and the idea is not to get caught by that.
Click to enlarge
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