futures flat o/n.
/cl - went vertical -- may do 50% retrace of past 2 days.
/tf had a signal -- b/o / small backtest for about 15 ticks.
premarket usually not a good time to enter.
/gc falling back down.
JPM, WFC reports -- strong.
PPI data 8:30
PPI data - problematic. market initially dips
UPS -- warning. -3%
9:41 -- market signals drop -- and TL break -- short entry /tf 8t stop.
Have to be automatic.
bad entry -- pattern was too small -- 5 min chart showed it was actually b/o + backtest.
strong IBD names = buyers control.
adrld -230 -- RANGEBOUND STRATEGIES. ? DOUBLE TOP?
10:45 high of day -- need time
TL break + small backtest -- and there's 20 ticks to top of 25 OR --
and TL break up but no signal confirmation - so it's a no signal.
missed this trade because you were DECIDING instead of acting automatically to the plan.
/tf - double bottom but ad trending down -- no longs.
/nq -- triple top TL -- weaker than /tf -- and there it drops to a clear TL below - 4pts - no heat.
must be willing to switch markets... short the weaker one.
and midrange -- ad -113
3 good entries today -- missed them all but took a bad one for -7.
/nq had TL break +Backtest but ADVN-DECN trending down -- no signal.
1:59 -- TL break +small backtest long 1032.7 8t stop -- have to be automatic.
AD -35 but trending up.
VOLrd trending up
stopped out -- frustrating. shit. And I was correct... just had the stop too tight.... .... damn.
IYT, JNK, JJG, eem, xhb red -- /nq jumps to highs -- pushing so hard....
I feel this is a fake -- should get short. Can't do it because no signal, pattern to doso.
triple top short... rangebound market -- this is the proper thing to do.
adrld at zero.
iyt, xhb red. eem iyr, jnk red. It's not a trend day for sure.
AND STOPPED OUT
0 for 3.... pathetic.
short /nq -- symmetrical double top to the tick . Rangebound market means responsive trading should pay.
incredibly awful day.
and no reason for it.
past 3 days - -jump in morning.... consolidate til afternoon base forms, ramp to close.
complete hoser close -- ramp and then all taken back AH.
OPEX -- almost always rangebound so triple touch entries on Fri. are best.