Wednesday Notes - Crisp Day

4:00pm ‘Twas an interesting day at this end in that I – like many – came into the U.S. session looking for early wholesale buying opportunities as we had hourly support around the opening range, before the market did its own thing and carved out a trend day down before the last half hour pop.

And while the day wasn’t a home run at this end, I did well to recognize the emerging intraday pattern and adjusted to carve out a modest profit on the day which wrapped up around 3:30pm after covering the final short.

Of particular note for me was my sharpness in adjusting to the action, as well as execution crispness … most notably on the 9:48am and 2:54pm price vs. TICK strength divergence pops and 3:05pm weak divergence drop which was synchronized with 15-minute price resistance ... all three scenarios leading to profitable sequences that more than offset the cost of antes. And it’s been quite a while since I’ve used the word “crisp” in describing my executions, as the crispness has been sorely lacking as of late.

Today likely frustrated a great many traders looking to go long.

At this end, it was another step and sign of possible emergence from the recent mental cocoon as mental flexibilty and execution combined to keep me in the green.

If it continues, we'll start ramping up the size and work on putting some real distance between the current balance and the recently enacted stop.

June 27 Cookout Reminder!