Prep today qualifies for ridiculous (good) catagory for premise and visualization arrows. Check out the overlay.
Nice sell off today. I had a good read on the long just after the open and adjusted short after 1026.00 was extended and failed.
Today I used the new breakout entry techniques I have added to my trading plan. These are not meant to replace other setups. They are intended to be a supplement for when I miss the lows or highs.
The plan is to scale out of these trades quickly with a 1.25 to 1.5/1 ratio. It worked well today. I left some on the table but that is the intention.
I did not catch the big move down today even though I shorted it twice towards the highs. The first short was a legitimate scratch and the second was an order management malfunction (hit wrong buttons while trying to scale out which led to a sequence of positions and emergency covering). This happens from time to time.
I would not have held that short beyond the support area and there was no way to catch the drive down ofter it extended. As I noted on the trade screen shot, this only happens 2%-3% of the time.
Overall, today was well traded. I have some videos of recent trades that need to be produced. I will try to have them up by the end of the week.
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