"leaving the consolidation"

We are approx. an hour into the trading day and mcp volume is around 400% higher than yesterday at the same time,
looks like it wants to continue upwards. If the volume crosses 6.4mil. shares today we'll have a "pivot buy point".
Watch the overall market, there is distribution among leaders today. Keep your stops in place and don't let profits disappear and/or losses ride. Day-By-Day follow your plan.

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Reversal day makes higher high and closes below today's open and yesterday's close.

Looks like a danger signal to me. Not all danger signals are correct, no rules are 100% right, but if you pay attention to them consistently, you will profit in the long run.

On being wrong.

http://www.ted.com/talks/kathryn_schulz_on_being_wrong.html

" responsibility; ability to respond "

"it is human emotion that always gets in the way of intelligence"

The ability to respond at the right moment, regardless if the trade is going well,  not so well, or awful at that moment,  is the traders edge and must be a part of the plan. That’s what trading is all about. It is about the ability to make a decision.

The only way that I know of, that works for me, is to be moderate. When my positions are moderate I am emotionally detached, patient, acting in my best interest following my plan.