20121114
Short 2 NQ 2570.25, 2570.25, -2.0, -2.0
Short 2 TF 786.9, 786.9, +0.4, -0.4
Long 2 TF 785.9, 785.9, +0.5, -0.5
Long 2 NQ 2567.25, 2567.25, -1.25, -1.25
Long 2 YM 12713, 12713, +10, -4
Long 2 YM 12693, 12693, +7, +13
Long 2 TF 783.7, 783.7, -0.5, -0.5
Long 4 TF 783.0, 783.0, 783.2, 782.7, +0.8, -0.7, +0.5, +0.5
Long 2 YM 12665, 12665, -0, -0
Long 2 TF 781.0, 781.0, +0.5, -0.5
Long 3 TF 780.1, 780.3, 779.9, -0.7, -0.7, +0.5
Short 1 TF 781.2, -0.5,
Short 2 TF 781.3, 781.3, -0.2, -0.2
Short 2 TF 781.5, 781.3, -0.4, -0.3
Long 2 TF 781.8, 781.8, -0.4, -0.4
Total YM +26
Total NQ -6.5
Total TF -3.2
Early trends in the 1st frame can develop very quickly, and if accompanying early entry signals are missed, a good section of that early trend can be missed. Thus one is tempted to counter trend trade at support zones where initial wave series structures would normally produce bounces. These counter trend trades can, and often do, provide this trader with his daily 1st time frame profit quota. But not today.
And the early short entry signals, although taken according to the plan, were nonetheless stp'd out by choppy action. Even after that, I was only down marginally after hitting my 10 trade maximum limit. Then I let emotions get the best of me. Seeing the day had given Persistent Trend Day Down signals, I was eager to short the first major corrective bounce, in order to catch a 2nd leg to new lows. It came from an extended impulse low that I was unable to counter trend with buy entries, but the ensuing bounce also came after my 10 trade limit. My efforts added almost 3 points in TF losses trying to get in sync with the day, losses I would not have had if trading had been curtailed after the 10 trade, 1st time frame limit. Stick to your plan. Tomorrow is always another day. Or at the least, wait for the last frame of the day and see if action has improved for better swing opportunities.
