
AOP=4515
The market opened near the overnight high and moved up strongly and consistently right from the get go. This type of market is what usually gives me problems as I tend to look for turns. As noted in the chart, I was looking at the divergence between tick and price, looking for somewhere to enter on the downside. I did feel a turn coming when price stalled in th 4655 area but that move did not last long (nor did a confirmation bar show up). I need to remenber that days like this show up reguraly and that not taking a trade or taking some small losses is OK.
The news event did not respond as anticipated as well.
I also need to pay special attention to Mondays as my anticipation levels are up from the weekend off.

No comments:
Post a Comment