20130122
Short 2 NQ 2737.25, 2737.25, +2.0, +4.0
Long 1 TF 890.0, -0.0
Long 2 TF 889.6, 889.4, +0.5, -0.1
Long 2 TF 888.8, 888.8, +0.4, +0.1
Short 1 TF 890.6, -0.4
Total NQ +6.0
Total TF +0.5
Trade signals are always challenging when there's so much divergence between contracts. Today's NQ again weighed like a stone. But with the Dow and Russell initially buoyant, I took that profit too quickly, on the wrong leadership and relative strength assumption. The NQ was still extremely heavy when the TF buy signals came in at the LOD (low-of-day). And with another error in leadership judgement, but in the opposite direction, I left all the TF bull recovery profits on the table too. Trade the contracts separately as the signals occur. This might incur stp-outs as the contracts and their true-trend leadership roles unfold or shift, but there is no other way to handle a trade plan without doing so. Stay focused. The first day in the week requires some special efforts to gain concentration. Shake the weekend off.... the new trading week won't wait for you to become alert.
