Trade SummaryShort 1 TF 793.2, -1.4
Short 4 TF 795.5, 795.5, 796.2, 796.7, -1.6, -1.6, -0.9, -0.4
Short 2 TF 798.9, 798.8, +1.3, +1.2
Short 2 TF 799.6, +1.0, +1.0
Long 1 TF 798.6, -0.4
Short 1 TF 799.8, -0.3
Short 1 TF 801.2, +1.0
Short 2 TF 801.9, 801.8, +1.2, +2.0
Total +2.1
There are few day models harder trade in than the Persistent Trend Day. We all recognize it when we see it, but not usually until it is well into its trend. Then the feeling that it's just too late to participate overwhelms, and we are left with counter trend trade entries, often leading to frustrating stp-outs. The best entry--and often the only one all day, often comes midday as price drifts back to important resistance. Once hit, action recovers the trend and proceeds onto new price extremes. Today's was classic. And although I managed to counter trend trade into a small profit, I'm not proud of it. And as for that one good opportunity to get in sync on a midday pullback? ....I was away from the screen, having wore myself out trying to stay afloat with counter-trend trades all morning.