20121221
Short 1 TF 842.8, -0.8
Short 1 YM 13135, +15
Long 3 TF 840.6, 840.6, 840.7, +0.5, +1.8, -0.2
Short 1 NQ 2658.0 -1.5
Short 1 TF 845.5, -0.3
Short 1 YM 13158, +10
Long 1 YM 13130, -1
Long 1 YM 13117, -3
Long 2 YM 13117, 13116, +10, -2
Long 1 YM 13089, +10
Long 1 YM 13058, +20
Total NQ -1.5
Total YM +59
Total TF +1.0
Weekly Trade Summary 20121221-20121217
Total ES -0.0
Total YM +72
Total NQ +0.5
Total TF +8.7
The trade entry models in your plan should contain both a structure (wave pattern element) as well as a price level number element. Too many traders only use the latter, and have little more to go on than intuition that the number price is approaching will hold. Today, sticking with the plan meant using the YM contract, as signals from the TF contract did not come from price and structure intersections, but instead, appeared separately, accept for a nice pullback long play around 10:05am ET. Stay with the plan, and trade what's in front of you, not what you want it to be. Stay focused and disciplined. ...and have a good weekend....
