The vertical collapse or the early run-away bull are the most challenging of day model patterns to trade. But usually, the Serial Sequent method gives an early entry signal that if taken, would have captured most of the move. In the mental game of trading, it's not only critical to avoid trades outside your plan, but at times even more critical to take the trades within your plan, whether you feel comfortable taking them at the point they appeared or not. ...usually, the ones within your trade plan most stirring your discomfort are the best trades of all to take....
Today we missed an early opening signal to get short in the mini Russell, and were left with mostly treading water the rest of the move. What good is a great signal method if you don't use it?
20120710
Long 2 TF 807.5, 806.5, -1.5, -0.5
Long 1 TF 806.1, -0.5
Long 2 TF 803.1, 803.1, +.5, -0.5
Long 2 TF 802.6, 802.7, +0.5, -0.5
Short 1 TF 802.9, -0.0
Short 2 TF 804.0, 804.1, +0.5, +1.2
Long 2 TF 799.5, 799.5, +1.0, -0.3
Long 2 TF 12652, 12651, -5, -3
Long 2 TF 798.0, 797.9, -0.6, +0.6
Long 2 TF 798.2, 797.7, +1.2, +0.6
Total YM -8
Total TF +1.7
