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2 missed trades today so far based on my plan that I would like to document. Both setup in zones that were predetermined. Both gave clear signals based on my trigger.
1) Open drive to yest val 86-87 was good location for short trade. $Tick breakdown through lower trendline trigger
2) 75-76 support zone offers a nice long entry with RSI & tick divergence on 1 min. $Tick downchannel breakout trigger
trade number one, was just not focused on the open.
trade number two, I was waiting on wvwap support zone around 72-73. Volume ladder mentioned above kept me out of trade.
"Why bother gathering further info, if the market is offering you a legitimate edge, determine the risk and take the trade."
Mark Douglas, Trading In The Zone
Decent chance for trend day down today. A/D negatively skewed from the open, open below DS1, $tick bearish. However, market is at last week's closing vwap level here at 73 which could hold as support.
