September 9th

Great day of being stupid patient and waiting until obvious. I will continue to do that.

Pretty simple morning trade. Morning chop led to a hard reject of the PDH/PDC and 15 point move down to the put trigger. Once the put trigger was hit we were extended and a move back into the ribbon was likely. I was waiting for the right place to short. Rather than get in, I tried to miss it. And, wait until super obvious. We had 3 wicks off the ribbon each with lessening volume. The final candle pushed into the the ribbon but the 21e and prior support turned resistance continued to hold. On the 3m we rejected the PDC and 10m21e 3 times before finally breaking the new support. Final candle tried to induce fomo longs before pushing lower and concluding with a 7 point flush. That was the only trade needed.

Second trade was based purely on the 10m. Yes we were continuing to reject the call trigger but conversely the ribbon was continuing to hold despite those pushes into the ribbon. As we reached the 10m21e the 3m printed a morning star reversal. The continued hold of the ribbon plus the reversal pattern was enough justification to enter. Given it was EOD I took profit at the call trigger.

The play I was waiting for ultimately hit. The 3:40 candle again dipped down to the 10m21e inducing late shorts, only to ultimately wick off and HOLD the 8e. That instant was the right time to enter calls for a bush up to the next ATR level.

While I took 30% at 3:18p, the same con reclaimed my og entry and ultimately ran 200%, if I were to have held. Realistically 50% would've been my exit, but I do feel very good about the pace of my analysis - slow. And, extreme reservation to my entry.

I will continue to be extra patient and size small.

4 green days to start the month. Slowly but surely.