Trade Summary
20121018
Long 2 TF 838.0, 838.0, +0.5, +1.0
Long 1 TF 839.2, +1.2
Long 1 TF 838.7, -0.2
Long 1 TF 837.9, -0.5
Short 1 TF 837.5, +1.5
Total TF +3.5
The effect of earlier journal posts on the subject of commitment to breakouts in trade plan seems to have paid off today. A bull signal breakout as pre-Philly Fed econ report positioning paid off well, as well as a bear breakdown signal after the news had subsided. Good results both directions and at least a decent return for the morning session. Before the day begins, clear your mind. Review the trade plan. Focus on recognizing what's in front of you. It's not about figuring out the market. Leave that to intuitive traders who prognosticate. We are not tape readers, we are traders. We trade from the right edge of the video screen as elements of our trade plan appear. Trade the plan, not our intuition nor our emotions.
