20121212
Short 1 TF 835.7, -0.1
Long 2 NQ 2685.5, 2685.5, -2.0, -2.0
Short 1 TF 834.2, -0.5
Short 2 TF 834.8, 834.8, +0.5, +0.8
Long 2 YM 13261, 13261, -6, -6
Long 2 YM 13257, 13257, -4, -4
Long 3 TF 835.2, 835.1, 835.1 +0.5, +0.5, -0.2
AM SubTotal NQ -4.0
AM SubTotal YM -20
AM SubTotalTotal TF +1.5
PM Appendum
Short 1 TF 836.8, -0.4
Long 1 TF 834.4, +0.9
Total NQ -4.0
Total YM -20
Total TF +2.0
When the contracts seem to be trading out of unison, almost in separate, disparate trends, in-trend and reversal entries are especially challenging. Profits in one direction and contract might only end up off-setting losses in another. But that's why you have a plan, so that at least you have those off-setting gains. Today's economic report schedule calls for a trifecta of FOMC reports, 12:30pm, 2pm and 2:15. After some initial jockeying, it's not unusual for prices to just drift. If your early trading does not push losses near to your maximum daily limit, you will still have something to risk against possible pre and post FOMC release setups, when the volatility usually returns. Keep with the plan. ...will post an appendum if any PM trades taken.....
Appendum
Our trade plan at ValhallaFutures includes a pre-news setup. An excellent one occurred in the NQ and YM at the Noon hour low, .....if you were in front of the screen... so just a shoulda coulda for me. Post news trades came when things settled down a bit, but were only marginally net profitable.
