Trade Summary
20130208
Long 1 TF 910.1, -0.0
Short 2 NQ 2777.5, 2777.0, +4.0, +2.0
Long 1 TF 910.1, +0.9
Long 1 YM 13947, -3
Total NQ +6.0
Total YM -3
Total TF +0.9
"Be ready when the market is." Isn't that what I said yesterday, too? Well, I was ready for the market
to repeat the same thing in the same direction, but apparently wasn't ready for it to take off sharply with little hesitation this time in the opposite direction. Yes, it can be hard to be a bull when prices are up in nose-bleed new high territory. The daily frame and large bull sentiment leanings are fraught with sell signals. But you're a futures index trader. You really only care about the next few minutes. So what if the daily frame is screaming one direction. Just try to stop the market with the insistence of your sell orders before the market is actually turned. And such prognostications are useless in the lower frames anyway. Be the trader. Both the TF and the NQ gave early long entry signals today, right out of the Opening gate. But if you missed them, you were left with table scraps of large consolidation patterns. Yes, I managed to pick off a couple hundred dollars using Sequent signals around those larger patterns, but the daily profit goals would have easily been reached within the first long entry signals of the early bull spike. Be ready when the market is. They don't sound an opening bell to put you to sleep. Wake up and be the trader....
