Trade Summary
20130227
Short 1 TF 901.8, -0.7
Short 2 TF 902.5, 902.3, -03, -0.5
Short 1 NQ 2716.25, -2.0
Short 2 NQ 2717.5, 2715.25, +4.5, +3.0
Short 2 NQ 2719.75, 2719.5, 2719.25, +2.0, -0.5, -0.5
Short 1 TF 905.5, +1.3
Long 1 TF 903.8, +1.2
Short 1 YM 13943, -7
Short 1 YM 13995, -5
Short 2 NQ 2736.5, 2736.75, +2.0, +5.5
Short 1 TF 990.5, +1.3
Total YM -12
Total NQ +14
Total TF +2.3
Welcome, the return of volatility. So glad to see it for our trading, but admit I hardly knew how to handle it as it seems like so long since its been here. The sell signals showed some good production, despite stepping into them too early for some small stp-outs. Recovery from that was important, because when the next set of sell signals appeared, you had to be ready. Today's action was frothy, and it had a Housing report and a Ben Bernanke testimony to contend with. And was only able to catch 1 in-trend play on a solid TF pullback buy signal. The NQ did offer a great inflection level breakout signal, but my focus was elsewhere, mistakenly, and for this I missed a good participation in the bull trend. Without those deep pullbacks from just the right signal places, this day would not have looked so good. When things start popping, almost inexplicably, even though the internals aren't there to explain it, you need to keep an eye on the potential inflection breakout levels. Serial Sequent provides both these, and the most likely reversal levels to short. But you have to stay disciplined and wait for the signals to appear. Since the method's signals lead not lag the market, you at least have the chance to know if the next wave up is a reversal zone or that of a breakout. Impossible really without it. Come to the free chat room and see how we roll.. but expect some real humility here when I fail to stick to the trade plan. The best tech analysis is worthless without a trade plan.
