Non Traders Click Here

Tuesday, September 10, 2013


The DAX gapped open and ran carrying the ES with is. Yesterday ES trended but DAX traded more in a consolidation rhythm. So the expected MATD oscillations didn't really show last night. As we open we will be stretched to the north on the HTF's. Play today like MATD but be careful.
MUST dial in on that mental intensity and stay patient until I have caught onto the scent of today's rhythm.

Final hour of trading, looking for a break north, pickup in volume. Price above resistance zones. Cup patterns, stuck shorts.. Still air on 60 however... TMAR exits.


 
 
Today was a big chopfest. Another example of the lesson is you have to be ready when the opportunity is there. It was a tough day with the air on the HTF's, but the overall rhythm is bullish. Respecting supports and being aware of air going forward. The bear trap in the 11:00 hour at that 77.5 interim support (in hindsight of course) was the nice play today. Need to be there and be aggressive on sequences like that to offset the scratches throughout the day.
So shorts are stuck, ticked off longs want in, and the price is stretched. Going forward, look out for wholesale longs entries. Mid to high 70's support zones. Remember, always stay focused!
 

 
 
 
 


No comments:

Post a Comment