Tues Jul 3 Persistent Trend Day Action

If one could anticipate the Persistent Trend Day model in advance, then taking an early breakout with a runner could theoretically capture most of the day with a loose trailing stp-loss, with little or no need to manage the trade. Pullbacks are very shallow, and breakouts often frustrate with chop action. You simply enter and hold.
But in reality, these models only occur a couple times a month, and such a strategy wouldn't last long in a market that swings. Such an early breakout trade was apparent today, and was called and taken in the ValhallaFutures chat room via the mini Russell. But we dumped it so ridiculously early without knowledge of the remaining action to the day.

20120703
Short 1 TF 805.7, -0.4
Long 2 TF 806.0, 806.0, +0.4, +0.8
Short 1 TF 806.9, -0.5
Short 1 YM 12807, 12807, -0, -5
Long 2 YM 12811, +5, +10
Short 1 TF 808.0, -0.0
Short 2 YM 12838, 12838, +5, +10
Short 2 ES 1365.25, 1365.25, -0.0, -0.0
Total ES -0
Total YM +25
Total TF +0.3