20130426
Long 2 TF 933.2, 932.8, +0.5, +2.0
Short 1 NQ 2839.25, +2.0
Short 1 NQ 2839.25, -0.5
Short 2 TF 936.9, 936.7, +1.2, +0.5
Short 1 TF 934.1, +1.0
Short 2 NQ 2833.75, 2833.75, +2.0, +5.0
Total NQ +8.5
Total TF +5.2
What a difference a day makes... An investor long in stocks would certainly have appreciated yesterday better than today. Yesterday's Persistent Trend Up requires nothing but a casual glance at the numbers if you're long in your 'portfolio'. But e-mini traders don't have 'portfolios'. We need volatility, and don't particularly care which way that volatility trends.... both directions is actually preferred. And today was just the recipe for a good trading day for us intraday swing chasers. Today, the plan was neat and tidy, even while the trend was not. Stay with the plan. Most days are not grinding slow trends with feeble breakouts and shallow pullbacks. We'll leave those for the investors. Most days have plenty of swings in the stock index futures, and that's what Serial Sequent Wave Method is best at, deciphering the wave reversals. Cya next week.....
