20121214
Short 1 TF 822.0, -0.5
Short 1 NQ 2637.5, +4.0
Short 2 TF 822.9, 822.8, +0.8, +1.5
Long 2 NQ 2629.5, 2629.75, +2, +2.75
Total NQ +8.75
Total TF +1.5
Weekly Trade Summary 20121214-20121210
Total ES -0.0
Total YM -13
Total NQ +3.75
Total TF +5.6
If you have all four main stock index futures contracts up vertically, side-by-side
on one of your monitors, you can often see the shape of the day model forming even in the very first few minutes of the day. Today, contracts went different directions in early going, suggesting range bound trade. That doesn't mean chop action necessarily, but more likely, volatility in rapid range bound swings. With the right methodology, a market that is range bound can be easy pickin's, sometimes far easier than big lunging impulse moves in a single trend direction. The plan is to apply a methodology that is work in any day model environment, regardless of your opinions as to which way the market may actually be trying to go. Trade the plan, not your opinions. Review your plan before going into battle. Then, when the session is over, review your plan as to how and where you failed it. If your plan it good, it should contain setup models that work far more often than they fail. If not, that part of your plan needs serious work. But if your plan is good, then the only real work to be done is on yourself. Your emotions are fluid. And unfortunately, your sense of focus and discipline does not show up for work each day in the same quantity or quality. That takes daily application of determination. Stay focused. Apply discipline to the plan, then your opinions won't even matter...
...and good weeks and months will follow those of more mediocre results, like those we've experienced lately.
