Mkt gapped up (30m) from a minor pre-mkt report (Goods Trade Balance) and then didn't do much else. Even the CB Consumer Confidence red report at 11pm didn't spark any activity.
I tried a cpb buy looking for some follow-through. It pushed a bit my way but showed little buyer dominance. My 1st tgt was hit (1m) but not filled and then it came through me and chopped and was eventually scratched. I saw no leadership from ES or YM so didn't look for a re-entry. I knew I was buying high plus the range chart formed fewer bars than the 1m so no point sticking around.
30m shows it grinded higher after a few hours as expected but doesn't mean I was wrong to exit. I like to see volume and volatility otherwise it's best I stay out.
Patternwise I like the probe of the 11:45 lows (5m) which was tested and then continued the uptrend - one of mine. That was around 1:20am though and I had quit an hour earlier.
Result: 1 BE
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