Trade Summary
20121108
Short 2 YM 12924 12923, +10, +7
Long 2 TF 804.2, 804.2, +0.4, -0.4
Long 1 TF 802.7, -0.2
Short 2 TF 802.5, 802.5, +0.4, +1.1
Long 1 TF 801.4, -0.2
Long 1 NQ 2606.0, -2.0
Long 3 ES 1387.25, 1386.75, 1387.0, +1.25, +3.0, +3.0
Long 1 YM 12844, +20
Long 1 TF 799.0, +1.0
Long 1 TF 798.1, -0.1
Long 2 TF 797.5, 797.5, +0.5, +0.7
Total ES +7.25
Total YM +37
Total NQ -2.0
Total TF +3.2
Without a trade plan and a method of identifying best possible reversal levels, today's market would have been nearly impossible to trade. But with Serial Sequent, it was like a money machine... assuming you took reasonable profits and had no expectations of holding runners. A short entry in the TF on further breakdown from the initial HOD caused me much trepidation because of my perception of the unusually strong internals, especially the TRIN, which in early going was as low as .45. But I stuck to the plan, and sure enough, that short proved profitable. Adherence to the plan was also kept when buy signals came in the ES when no other contract was clearly showing them. And although I tend to avoid trading the ES because of its usual doggy performance, today it was the most profitable trade of the day. Stick to your plan. Stay focused. Keep the discipline up.
