Thurs Feb 23 Heart is the Art of the Breakout

Nothing smarts more in trading than the profits you left on the table, or the opportunity you saw, but failed to take. The profits from early long entry signals at the LOD in the mini Russell gave us a nice start to the day as it took out the low of 2 days ago, but seemed meager in comparison to the 2nd phase of the rally towards the end of the 1st hour. I know how much it smarts because I watched my students in the chat room take the breakout play at 818.9 which I called, but then failed to take myself. ...and I was left taking counter trend crumbs when price took out the globex high from 2 nights previous. Acting on second thoughts usually suggests the Trader is not in control, and is letting the Accountant call the shots. Download and read the free ebook, Self Recognition, from valhallafutures.com, and learn to trade by rules.
Trade Summary
Long 2 YM 12881, 12881, -6, -6
Long 2 TF 812.8, 812.5, +1.0, +1.0
Short 1 TF 816.5, -0
Short 1 TF 823.1, -0.5
Short 2 TF 825.5, 825.7, +1.0, +1.1
Total YM -12
Total TF +3.6

Wed Feb 22 1st hour slow, 2nd hour go....

When the market chooses to consolidate for the first frame of the day, the desired for trend development usually occurs in the midday frame instead. But that didn't stop our rules for Sequent from giving some valid scalp signals in the mini Russell. Two latter signals early in the midday appeared on cue, but I had already closed the chat room and won't officially record having taken them myself. See arrows on chart, and
come join us in our free chat room to see these calls in real time....
Trade Summary
120222
Long 2 TF 819.9, 819.1, -0, +2.0
Short 1 TF 822.1, -0.5
Short 1 TF 822.5, +1.2
Long 1 TF 821.6, -0.6
Long 1 TF 821.2, -0.5
Long 2 TF 819.1, +.6, +.8
Total TF +3.0

Fri Feb 17, Russell 'Oops'

A classic Larry Williams Oops opening in the Russell 2k futures today, but those don't necessarily go straight down, as any futures trader playing gaps knows. So our initial short entry was into the bounce off the early plunge....then the 2nd bounce short again, and finished with a long at support from our Pivot Ledge-Breakaway Grid™ intersecting with the a Serial Sequent™ reversal signal. After that, our True Trend Indicator continued pointing towards lower pricing, but it's Friday before a long weekend, and a quick 3+ pts gets us away from the screen after the 1st hour and helps end a good week. Trade Summary:
Short 2 TF 831.2, 831.6, +0.2, +1.6
Short 1 TF 830.8, +1.3
Long 1 TF 829.2, -0.6
Long 1 TF 826.6, +1.0
Total TF +3.5
Total TF for the week: +20.4

Thurs Feb 16 Persistent Trend Day

Always the most challenging, early pullbacks and inflection breakouts are the key to getting in sync with the trend. Today, an initial fade at the inflection level gave us 2 Russell futures points, then a breakout above it pushed us up to nearly +4. But the pullback buy opportunities stop'd us out with small losses twice and trimmed our gains back to +3.1 as the 1st frame came to an end. See chart with arrows for entry levels, and join us in the free chat room to see these calls in real time.
Trade Summary
Short 2 YM 12814, 12813, +5, -1
Short 2 TF 818.1, 818.6, +.6, +1.8
Long 2 YM 12825, +2, -2
Long 2 TF 819.2, +.4, +1.1
Long 1 TF 821.5, -0.3
Long 1 TF 820.6, -0.5
Total YM +4
Total TF +3.1

Wed Feb 15: Initial Collapse, then H&S Low

An initial ORB breakout pattern in the TF was posted in the traders' chat room just moments after the breakdown, so was too late to set the sell stp and capture the initial collapse. Since my policy is to take trades only AFTER posting their triggers in the room, was unable to post those quick Russell short gains. But was able to find a good initial bounce with long positions, and then finally bought the LOD after an initial stp out. We guided buyers for the Russell inverse Head & Shoulders pattern, but as we seldom trade into the midday frame, left that neckline breakout for others to take, targeting 826.5. Trade Summary:
120215
Short 1 NQ 2583.0, -0.0
Long 1 TF 817.3, +1.8
Long 1 TF 816.6, -0.4
Long 1 TF 816.7, -0.7
Long 1 TF 815.5, -0.7
Long 2 TF 815.2, 815.6, +2.5, +0.8
Long 2 TF 816.7, 818.3, +2.4, +1.0
Long 1 TF 817.3, +0.6
Total NQ -0
Total TF +7.3

Normally, we'd return after the Midday Frame to look for trades after the FOMC meeting. But lately, this has not produced the volatility of former days, and so left the screen for the day after the 1st frame, around 11:15am. Come into our free chat room and follow along with our calls yourself: valhallafutures.com