Thur Jul 18 Trade Signal Summary

20190718
Long 1 RTY 1549.0, -0.0
Long 2 NQ 7884.0, 7883.0, -2.0, -2.0
Long 1 YM 27178, +20
Short 2 RTY 1551.5, 1551.8, +1.0, -0.7
Short 3 RTY 1553.0, 1553.0, 1557.3 +1.1, -1.0, -0.4
Long 1 NQ 7889.0, -2.25
Long 2 NQ 7987.5, 7987.5, -2.25, -2.25
Long 1 NQ 7975.25, +6.0
Long 1 NQ 7974.0, -2.0
Long 1 NQ 7969.0, -2.25
Short 1 YM 27142, -7
Long 1 YM 27079, -0
Long 1 NQ 7854.0, -1.5
Long 1 NQ 7850.0, -0.75
Long 1 NQ 7846.0, +4.0
Total YM +13
Total NQ -7.25
Total RTY -0

Some days it seems the market just laughs at you....

Wed Jul 17 Trade Signal Summary

20190717
Long 2 RTY 1557.5, 1557.5, +1.0, -1.5
Long 1 YM 27293, -7
Long 1 YM 27286, +32
Short 1 RTY 1558.0, -1.5
Short 3 RTY 1559.4, 1559.4, 1559.4, +1.7, +2.0, +4.0
Long 1 NQ 7924.75, +6.0
Total YM +25
Total NQ +6.0
Total RTY +5.7

Tues Jul 16 Trade Signal Summary

20190716
Long 1 NQ 7977.0, +5.0
Short 1 NQ 7985.5, +4.25
Short 1 RTY 1569.0, -0.4
Long 1 NQ 7975.0, -2.25
Short 1 NQ 7979.5, +4.0
Short 2 RTY 1570.6, 1570.8, +1.0, +1.5
Short 1 RTY 1573.5, -0.0
Total NQ +11.0
Total RTY +2.1

Mon Jul 15 Trade Signal Summary

20190715
Long 1 NQ 7967.75, +5.0
Long 3 RTY 1568.2, 1567.0, 1566.8, -1.5, -1.5, -1.5
Long 2 NQ 7966.0, 7965.0, -2.25, -2.25
Long 4 RTY 1564.0, 1564.0, 1564.0, 1564.0, -0.2, -0.2, -0.2, -0.2
Short 1 NQ 7972.25, -2.25
Short 2 NQ 7974.0, 7974.0, +5.0, +10.0
Short 2 RTY 1566.5, 1566.5, -0.1, -0.1
Long 1 RTY 1563.0, +4.0
Short 2 RTY 1567.3, 1567.3, +1.0, +1.8
Total NQ +13.25
Total RTY +1,3

Fri Jul 12 Trade Signal Summary

20190712
Short 1 NQ 7941.0, -2.0
Short 2 NQ 7941.5, 7941.5, +4.0, -4.0
Short 2 YM 27205, 27203, -7, -7
Short 2 YM 27220, 27220, -5, -5
Short 1 RTY 1564.0, -0.7
Short 2 NQ 7949.0, 7949.0, +10.0, +10.0
Short 2 RTY 1568.3, 1568.3, -1.5, -1.5
Long 1 NQ 7925.75, 7925.75, -0.5,
Long 2 YM 27194, 27194, +20, +20
Short 1 NQ 7945.0, -1.25
Total YM +16
Total NQ +16.25
Total RTY -3.7

Thurs Jul 11 Trade Signal Summary

20190711
Short 1 NQ 7944.0, -1.5
Short 1 YM 26998, +38
Long 1 RTY 1564.0, -0.7
Long 1 RTY 1553.5, -0.8
Long 1 NQ 7933.0, -0.25
Long 5 RTY 1556.0, 1555.0, 1555.4, 1555.5, 1554.5 +0.2, +1.1, +1.0, -1.5, -0.7
Long 1 NQ 7922.5, +10.0
Short 1 RTY 1558.6, -0.7
Short 1 NQ 7948.0, -1.0
Total YM +38
Total NQ +7.25
Total RTY -2.1

Wed Jul 10 Trade Signal Summary

20190710
Long 1 RTY 1573.8, -0.7
Long 1 RTY 1572.8, +3.0
Short 2 RTY 1576.0, 1576.4, -0.9, +0.7
Short 2 NQ 7946.0, 7946.0, +3.0, -3.25

2nd Frame Trades:
Long 1 YM 26825, +21
Long 2 NQ 7892.0, 7892.0, +3.0, -1.25
Long 2 YM 25815, 26815, +20, +40
Long 2 RTY 1561.0, 1561.0, +1.4, +3.0
Short 2 NQ 7902.5, 7902.5, +4.0, -2.5
Short 2 YM 26863, 26863, -2, -2
Total YM +77
Total NQ +3.25
Total RTY +6.5

Tues Jul 9 Trade Signal Summary

20190709
Long 1 RTY 1559.2, +3.0
Short 1 RTY 1561.7, +1.7
Long 1 RTY 1559.3, -0.7
Short 1 NQ 7807.0, -2.25
Short 1 NQ 7813.25, +6.0
Long 1 RTY 1557.0, +2.0
Short 1 RTY 1561.5, +1.6
Total NQ +3.75
Total RTY +7.6

Mon Jul 8 Trade Signal Summary

20190708
Short 1 YM 26773, +26
Long 2 NQ 7779.0, 7779.0, +3.0, +6.0
Short 1 NQ 7790.5, -2.25
Short 2 NQ 7792.25, 7792.25, -2.25, -2.25
Short 3 NQ 7793.25, 7792.25, 7793.25, -2.25, -2.25, -2.25
Short 1 NQ 7803.0, +9.0
Long 2 RTY 1569.7, 1569.7, -1.0, -1.0
Total YM +26
Total NQ +4.5
Total RTY -2.0

Tues - Fri Jul 3 thru 5 No trades

Tues Jul 2 Trade Signal Summary

20190702
Short 1 NQ 7787.0, -2.25
Short 2 NQ 7792.0, 7792.0, -2.25, -2.25
Short 2 NQ 7795.5, 7795.5, +6.0, +5.0
Long 1 NQ 7787.75, -1.25
Long 1 RTY 1565.3, +2.0
Short 1 YM 26740, +20
Total YM +20
Total NQ +3.0
Total RTY +2.0

Mon Jul 1 Trade Summary and Journal

20190701
Short 1 NQ 7840.0, -2.25
Short 2 NQ 7842.0, 7842.0, +4.0, -2.0
Short 2 RTY 1587.9, 1587.9, +1.5, +4.0
Long 1 NQ 7819.0,, +7.0
Long 1 YM 26715, +20
Long 1 RTY 1577.8, -0.5
Long 1 RTY 1576.0, -0.4
Short 1 NQ 7814.0, +10.0
Total YM +20
Total NQ +16.75
Total RTY +4.6

Such extreme gap up openings always invite fade entry triggers. Watching the charts, I was reminded of the Larry Williams Oops Trade, fashionable some years back, before traders were more commonly looking at lower frame bar charts. But imagine taking that short entry today just as the gap in the ES contract finally closed at the 2:30 Transition Time. ....might have to rename that the Ouch Trade, instead. But it must be said in fairness that although far better short entry models on such opening patterns are desirable, the market does not always accommodate your entry into an immediate reaction. Thus is was in the early NQ signals where I was stopped out. That left the RTY's Opening Range Pennant, which did trigger nicely.

But the best short of the day didn't come till a bit later, when the NQ sported a classic Pre-Break Pause Pattern, triggering a steep plunge down towards the moving averages. ...except I didn't take the trade, having already reached a daily goal and was eager to hold on to it, as is my Trade Plan habit. Read about the Pre-Breakout Pause, the Transition Time Marker, and the ORB Pennant in the book Pivots, Patterns and Intraday Swing Trades.

Will only be trading these first two days of the week... and wishing a great Fourth of July celebration for all.

Fri Jun 28 Trade Summary and Journal

20190628
Long 2 NQ 7683.0, 7682.0, +3.0, -3.25
Long 2 RTY 1557.5, 1557.5, -0.0, -0.0
Long 2 YM 26525, 26525, +10, +25
Long 2 NQ 7665.0, 7665.0, +6.0, +10.0
Long 1 RTY 1557.0, +2.5
Total YM +35
Total NQ +15.75
Total RTY +2.5

The market tends to deliver the better trades at the more emotionally difficult places, and the less likely successful trades at places of near-comfort. Therefore, trading is more akin to swimming up stream, and best practice against the current of disbelief and fear. If the trade feels good, or was easy to take, you're probably about to get whacked. Thus so, Test-n-Reject is the most common Day Model presented to market participants each day. And the simple, almost whimsical words of my mentor, who cut his teeth in the cotton market of New Orleans always comes to mind, "If it goes down fast, it seldom lasts. It was not until the discovery of Serial Sequent, the True Trend Momentum, and the application of a Pivot / Exhaustion Grid (in lieu of the various Support / Resistance Grids like Fibonacci and Market Profile more commonly in use) that I was able to capitalize on Randolph Newman's wise observation. For more from Randy and his market wisdom, see the books 'Pivots, Pattern and Intraday Swing Trades', and the companion piece 'True Self', both available on Amazon.com. ...and a good weekend to all...