Trade Summary
20130311
Short 1 TF 935.9, -0.4
Short 2 TF 936.8, 937.3, -1.0, -0.4
Short 1 TF 937.7, +1.0
Long 1 TF 936.4, -0.4,
Long 1 TF 936.4, +0.7
Long 2 TF 935.7, 935.6, +0.5, +1.0
Short 2 YM 14338, 14338, -5, -5
Short 1 TF 938.2, +0.7
Total YM -10
Total TF +1.7
Using the Valhalla Futures method combines a wave structure target with a price level from the Support/Resistance Grid. But sometimes a wave will create one big swoon of a push, incongruent with its previous nearby action. When so doing, price will push through one price level for possible entry to another, and possibly putting you in and stopping you out of a trade in the process. It is not cavalier in such cases to re enter the trade at the next price level, as long as the wave structure remains in its contributing signal zone. But this type of trading can look more like revenge trading to the outsider, and may even feel like it to the Trader himself. Know your plan. If you stay within that plan and that plan allows for certain contigencies that are not subjective but instead are rule bound, then re-entering a trade you have been stp'd out of is the right thing to do. But re-working the plan in midstream to mentally justify a trade re-entry is not. Stay disciplined. Trade the plan.
