20130430
Long 1 YM 14702, -7
Long 2 TF 936.4, 936.6, +1.0, +0.5
Long 2 TF 936.5, 935.6, +0.5, +0.5
Long 1 TF 936.5, +1.7
Total YM -7
Total +4.2
Trading around the news can be tricky. But the important lesson regarding pre- and post-news positioning is to remember that the markets will eventually play out their intended trend regardless of the news; that the news does not change the underlying trend. It may exaggerate the reaction the trend intended all along, or it may initially nullify some of the power otherwise gathered beneath, but eventually the underlying trend will have its way. Period. Keep your eyes on your methods and trade what's in front of you, not what you think the market is supposed to do. The 1st hour lows today were a great example. The action was whippy, and taking longs into those lows in the TF contract could take a moment of breath away, but the concepts were solid, and eventually paid off. Stay focused. Keep to the plan. The trade plan will take you in and out at the right places, regardless of your feelings about the markets and the news.
