Boring Monday

Days like this is why I stopped blogging.  

10 point ranges are for the birds.

Yet, nice technical 8:00 minor low of the open to go long at for a 10 point ride back to the top of the range -- you're good if nailing that trade.

Our bias was correct:  Don't fight a going up market.

Structure was a hybrid check mark day.

Bias continued higher with an inventory correction that's also very expected.

How is that for bi-polar?

Friday Up Day

Trend day with last hour reversal.  

The edge probably is higher on Monday but we will see. 

Great Trading Day #2

Today's action was grand, offering up a mid-session continuation trade.

The shorts were clearly trapped, and all of the sediment indicators that I follow, clearly indicated that the pullback from the morning highs was not going to take out range lows.

Great Trading Day

I have witnessed a lot of good trades over the weeks, but have been too busy to post.

Today breaks that streak.

Perfect trading day and here is why:

I call today "sediment extreme continuation trade".

1) 1st day down from near highs and laggard longs are trapped.

2) Relative volume north of 2+

3)  3 perfect rejections of VWAP tests.

4) TICK unable to muster even a +600 reading

Guys, when you get all of these ducks in a row, it's high odds that the day's range lows are going to be breached and price will continue lower.

For my trade, I set an arbitrary limit buy order due to being out of the office.  But am sort of glad that I did, as the last hour short covering can really mess with one's head -- and profits if being wiggled out in the re-trace!