0121101
Short 1 TF 820.2, +1.0
Short 1 TF 822.0, -0.3
Long 1 TF 824.1, -0.4
Short 1 TF 825.1, -0.2
Short 1 NQ 2674.0, -1.0
Long 2 TF 819.4, 819.4, +0.5, +1.3
Total NQ -1.0
Total TF +1.9
Monthly Totals Oct 2012
Total ES +9.25
Total YM -16
Total NQ +41.5
Total TF +14.2
The best I can say today is that I stuck to my plan today. Although I missed the Double Pump NQ breakout, I actually took a breakout in the TF at that time. The TF subsequently failed with a small stp-out loss while the NQ went on, eventually posting +10 in production. So I could have taken both and netted a modest profit on the day. The pre-news short signal, taken in the TF was losing its premium profit when that slew of econ reports hit, so the tightened stp to -0.3 was the right tactic. Later buy signals after deeper pullbacks across the board did not come til after the 1st Frame cut-off time of 11:15am, which is currently all my plan accommodates. A wider trading window is allowed past the 1st frame for Persistent Trend Day Models, but the clues to that model were still sparse as the 1st frame ended. But at 1:30PM, we got a SubSequent Return-to-Orb, with TTI Buy and finally added small profit to the day. Stick to the plan. The monthly totals for October were the worst monthly's for the year so far. But there could be a silver lining. My poor performance during the month has driven me back to this journal, and I can already see the benefits to the self discipline needed for this kind of trading. Stay disciplined. Your plan must be specific. Each trade should have the characteristic of frequent repetition. These frequencies we call models. Each model should have a name and be replete with any necessary filters. Trade the models as they appear at the right edge of the screen. Limit your time in front of the screen. Limit the number of trades you can take during that frame. Limit your allowable losses. Have a profit goal. That is the trade plan. Stick to the plan. ....
