Today (1 Apr) the futures session opened with a gap up of more than 100pts. The market retraced back to the BNR at 11600 during the futures session and then opened at that level in the cash.
There were so many lovely opportunties – but I missed them. In these conditions – call it ranging+positive – the 3Min Bolli works OK, but it’s best to avoid 3 Min BB 2nd chances as the entry is usually too late to get to 1:1 if the retrace is shallow.
My focus should be on trading pullbacks rather than reversals.
TRADE PLAN: I already know the trades that work when this is the PA context – but triangles turn out to be very useful too especially with the Rule of 3, but I will add a Lucid chart flow chart. ‘Selling rallies’ and ‘buying dips’ are trading skills I need to focus on
