20130305
Short 1 TF 924.4, -0.3
Short 2 TF 924.3, 924.5, +0.7, +1.0
Short 1 TF 922.7, -0.0
Short 3 YM 14216, 14215, 14215, +1, -2, +2
Short 1 TF 925.4, -0.7
Short 1 TF 926.0, +0.7
Short 2 NQ 2790.0, 2789.75, +2.0, -0.5
Short 1 YM 14242, -2
Short 1 TF 927.3, +0.5
Short 1 TF 928.2, -0.0
Short 2 YM 14266, 14267, +7, -2
Long 1 TF 926.9, -0.4
Total NQ +1.5
Total YM +5
Total TF +1.5
The market has a way of testing your patience against your trading plan to the very limits. Today, the big celebration in all time new Dow highs was enough to keep any trader cautious about standing in front of it until it was done. But sell signals and trade opportunities in your plan can't be ignored just because of something so subjective. Since there were no real breakout signals to jump on board with after the opening prices, my trading plan left me only with fades. A final signal to sell short in either or both the YM and the TF contracts came with very clear Trade Plan specifics, but after it retested the highs for a third time in the TF, I lost faith on it and bailed out at b/e, only to watch it fall 3 1/2 pts to support. You have to be patient, and the endurance of that patience must last past the point where the market wears most traders down. Stick with your plan. If you play simply not to lose, you won't end up winning.
