The Game is Still On

Fantastic day today.

And the destination trade was the 200day.

You do not get a softball like this very often.

Hear this astute trader?

I didn't seek out to see if anyone else saw this, but I didn't hear anyone talking about it.

My best guess is the the upwards grind probably kicks in to gear.  Such a mechanical bounce shifts the odds greatly.

But we will see.

Plus the VIX spike will have to be viciously attacked.

Dump Back to Lows

It was obvious out of the gate that sellers were in control and were on a mission to re-balance yesterday's long inventory. 

Trade of the day was to sell VWAP test at 11:00. 

If not short there, a sell of range lows for the destination trade to prior lows was a great trade. 

110 point range today folks. 

Short in the Hole

They could not get it down, so they punched it just after 11:00 and the session printed green.  

Trade of the day was to buy the VWAP being punched through. 

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!