I traded the DAX in the London morning and switched to the ES after I walked the dog at noon. That fast run up that hit my resistance line on the MP chart enticed me to hold the short for the Gap trade. Front running the RTH open is something I have written about a few times. The sale at around 1174.00 as the upward momentum died and the order flow changed direction was easy with the MP resistance.
But the gap close was not a normal open to yesterday's close gap close, but an open to RTH high close, which is how we used to trade it 10 years or more ago. Identifying the bounce was easy - look at the CCIs.
Again, the vision was important. I was looking for a firmer market and that's what I got, after it did it's necessary housekeeping.
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