Tuesday Log - Recovery Mode

First worked a long shortly after the open from the 1/2 gap. Quickly stopped out. Once stopped out near yesterday close I failed to turn my trade opinion around fast enough and work the close/open set-up which would have been short from 1090.5. Result: -4.0

Had to wait for the next set-up(s) and chip away to recover early loss. Scalp mode entered long near reversal time of 1020 and second leg bounce. result: +5.0

Got in short too early prior to lunch session after doji formed. Enter low 85's with 1/2 position and stop in 84's. Result: -2.5

Chipped away off and on in late afternoon session buying off of 83 and 84 bottom and scaling out 86's and 87's. Result: + 5.0

Closed the day with a late day long expecting shorts to release and capture profits. Entered long on 1/2 position in low 87's with 1 pt stop in 86's. Scaled out 88.75 and 99's. Result: +3.5

Still need to work on patience for edge set-ups. They are there most every trading day and occur after 1-2 re-tests of bottom/top. Also, watching the VPOC relationship with these edges which after two days is providig some clues. Combining EWS combo and FT71 VPOC areas helped me have a successful recovery mode today.

Another thing I need to re-visit is not being too anxious to trade within the first 10-15 minutes. I want to play for the gap trades but my timing is off.

Trade Well !