Trade plan and Price action review: (Price action review). The market was very choppy today not offering any real good trade opps. It looks like summer time trading is coming around. We opened and chopped right away with 15 min candle sticks stacking up one on top of each other. This is a time were you really don’t want to trade unless you’re playing the small range. We traded down testing the 1335-1337 level and on that little push down into the level and globex lows was the only good opp to try a long. We had a nice tick div along with VB div as well. Other than that I didn’t see anything else. We than traded back up into the middle of the days 5 point range at the time and chopped some more. Some buying came in and we shot up 1343 balance area vpoc and chopped some more. We had a double distribution day and an inside day. We can more than likely expect a break out tomorrow as the chances of having another inside day area slim. (Trade plan review) My morning trade plan called for a balanced session which we got. And I said if we get any buy/selling that it would be short lived and that’s what happened as well.
Trades review: No trades today
Conclusion of the day and thoughts going forward: I followed my plan and was patient for something to set up. I didn’t get anything but I did want a long at 1335 area but due to work I couldn’t take it.
Grades:
Following my plan: A+
Following my rules: A+
Trade execution: N/A
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