Fri Oct 20 Trade Signal Summary

20171020
Short 2 NQ 6115.75, 6116.25, -2.0, -2.0
Short 2 NQ 6117.5, 6117.5, -0.75, -0.75
Short 2 YM 23188, 23188, +10, +10
Short 1 RTY 1511.4, -0.7
Short 2 NQ 6121.5, 6121.5, -0.0, -0.0
Long 1 NQ 6111.25, +2.0
Long 1 NQ 6105.00, +3.0
Total YM +20
Total NQ -0.5
Total RTY -0.7

Thurs Oct 19 Trade Signal Summary

T20171019
Long 2 RTY 1495.1, 1494.4, +1.0, -1.0
Long 1 RTY 1492.5, +3.3
Short 2 RTY 1507.5, 1507.5, +0.7, +1.3
Total RTY +5.3

Wed Oct 18 Trade Signal Summary

20171018
Short 1 NQ 6126.25, -0.25
Long 2 NQ 6119.5, 6119.5, +2.0, +3.0
Long 2 NQ 6112.25, 6112.25, -2.0, -2.0
Long 2 NQ 6109.75, 9109.75, +4.0, +4.0
Long 1 RTY 1502.3, +2.0
Short 1 NQ 6118.25, -2.0
Short 2 NQ 6123.25, 6123.25, +2.0, +3.0
Total NQ +11.75
Total RTY +2.0

Tues Oct 17 Trade Signal Summary

20171017
Short 1 NQ 6112.75, +2.75
Short 2 NQ 6117.00, 6116.5, +2.0, +2.0
Long 2 NQ 6107.00, 6107.00, +2.0, +3.0
Long 1 RTY 1504.7, -0.1
Long 1 NQ 6106.5, +4.0
Long 1 RTY 1501.3, +2.0
Total NQ +15.75
Total RTY +1.9

Mon Oct 16 Trade Signals and Journal

20171016
Long 2 RTY 1506.5, 1506.6, +0.7, +0.7
Short 2 RTY 1507.8, 1508.7, -1.4, -1.6
Short 3 NQ 6115.5, 6117.0, 6116.25, -0.5, +2.0, -2.0
Short 2 RTY 1512.4, 1512.4, -1.5, -1.5
Long 2 RTY 1509.8, 1509.8, 1508.5, 1508.5, -1.7, -1.7, -1.4, -1.4
Long 2 NQ 6104.25, 6104.25, +3.0, +5.0
Long 4 RTY 1507.1, 1507.1, 1507.2, 1507.2, -0.7, -0.7, -0.7, -0.7
Short 2 RTY 1507.7, 1507.7, +0.7, +2.0
Long 2 RTY 1504.4, 1504.2, +1.0, +1.0
Total NQ +7.5
Total RTY -8.9

If the first trend of the day tends to be false, as the statistics of the ratio of Test-n-Reject days to Persistent Trend Days suggests, then fading the first trend of the day in favor of the 2nd has the greater chance of success as a trade entry strategy. But sometimes that turn is not easy to find, even when the concept proves out to be correct, as it certainly did today. What this often leaves you with is the feeling of strong internal pressure to capitalize on the remainder of the 1st Frame's opportunities as they appear. And if you miss the fading opportunities of the 1st trend, that pressure to participate will often show up as trade entry signals to fade new price extremes in the 2nd trend direction of the day, which will be far less likely to succeed, as it becomes the trend trend of the day. Resisting the call to take those trades can be a difficult thing. You've missed the early trades, and now you face missing the whole morning without participating... and you have a whole room of students watching you.... Today I did just that, and I was duly punished for my ego by a series of losing trades in the mini Russell. It was only a set of rules to limit losses that kept me from digging myself in deeper. Resist the Song of the Sirens. Sometimes it's better just to sit on your hands, even when faced with an audience that expects good things from you....

Fri Oct 13 Trade Signal Summary

20171013
Short 1 RTY 1505.1, +2.0
Short 1 NQ 6096.0, -0.5
Short 1 NQ 6096.75, +3.0
Short 2 RTY 1506.5, 1506.3, +1.0, -1.0
Short 1 NQ 1698.5, +3.5
Short 1 RTY 1507.6, -1.0
Short 1 RTY 1509.0, -0.7
Short 2 RTY 1509.9, 1509.9, -0.8, -0.8
Short 2 NQ 6102.25, 6102.25, +2.0, +4.0
Long 2 NQ 6097.5, 6097.5, -2.5, -2.5
Long 2 YM 22904, 22804, +10, +10
Total YM +20
Total NQ +7.0
Total RTY -1.3

Thurs Oct 12 Trade Signal Summary

20171012
Long 2 RTY 1501.7, 1507.7, +1.0, +2.0
Short 2 NQ 6085.0, 6085.0, -1.0, -1.0
Short 2 RTY 1510.0, 1510.0, +0.7, +1.7
Total NQ -2.0
Total RTY +5.4

Wed Oct 11 Trade Signal Summary

20171011
Long 1 NQ 6058.75, -2.0
Long 2 NQ 6057.0, 6057.0, +3.0, +5.0
Short 1 NQ 6068.0, -1.0
Short 2 YM 22786, 22786, -2, -2
Long 3 RTY 1508.5, 1508.5, 1508.3, +1.5, +2.2, +1.0
Short 1 NQ 6074.5, +3.0
Short 2 RTY 1511.8, 1511.8, +0.7, +1.0
Total YM -4
Total NQ +8.0
Total RTY +6.3

Tues Oct 10 Trade Summary

20171010
Long 2 NQ 6070.5, 6070.75, +3.0, +2.0
Long 2 RTY 1508.7, 1508.7, +0.7, +1.3
Long 2 NQ 6058.25, 6059.0, +2.0, +3.0
Short 2 RTY 1510.0, 1510.0, -0.0, -0.0
Short 2 NQ 6064.25, 6064.75, +5.0, +2.0
Short 1 NQ 6066.0, -0.0
Total NQ +17.0
Total RTY +2.0

Mon Oct 9 Trade Summary

20171009
Long 2 RTY 1514.4, 1514.4, +1.0, -0.0
Short 1 NQ 6074.75, -0.0
Long 2 NQ 6067.25, 6067.25, +2.0, +3.0
Short 4 RTY 1507.7, 1507.7, 1507.7, 1507.7, -0.2, -0.2, -0.2, -0.2
Total NQ +5.0
Total RTY -0.2

Fri Oct 6 Trade Summary

20171006
Long 2 RTY 1508.9, 1508.9, +1.0, +2.0
Short 2 RTY 1513.5, 1513.7, -0.0, +2.0
Short 1 NQ 6060.0, +5.0
Total NQ +5.0
Total RTY +5.0