February 2 2010 Overlay and Commentary

Check out the overlay. The read and visualization was almost exact.

I even described the probe extension of potential inside support and the specific long setup once the price breaks back above.

This was premised and projected well before the open.

However, I did not catch the long. I had no pattern entry and lacked the aggression to blindly buy the break of 1089.00 or anything else on the way up.

I do not like to engage if I miss the initial move.

There was some ugly action pushing through potential inside support between 9 and 10 EST. It was almost impossible to bid into this.

However, the multiple bounces that proved to be the low of the day were off yesterday's potential inside resistance at 1084.50. It did not confirm and was not part of the prep today.

The divergence continues between my excellent reads and trade execution. Working through this is the next step in my personal evolution as a trader.