20130530
Short 2 TF 992.2, 993.2, -1.4, -0.4
Short 1 NQ 3007.25, -2.0
Short 2 TF 994.7, 994.7, -0.5, -0.5
Short 2 TF 995.0, 995.0, +1.0, +1.5
Short 3 ES 1657.00, 1657.25, 1657.75, +0.5, +2.0, +3.0
Long 1 TF 991., +1.0
Long 2 TF 989.2, 989.1, +1.2, +0.5
Short NQ 3013.75, -1.75
Short 1 TF 990.7, -0.7
Short 1 NQ 3014.75, -0.0
Short 1 TF 992.1, +2.0
Long 1 TF 988.9, +1.0
Total ES +5.5
Total NQ -3.75
Total TF +4.7
Recovering from an initial signal failure can be jarring. Today, the big spike in TF hit 3 resistance levels during the short signal zone on the final push up. It stp'd me out twice, but when it finally hit yesterday's globex night high, I rallied confidence to short it a third time. A short signal for the ES followed quickly after that. Although I didn't ride the TF down to its next solid buy signal, I did recapture most all of my losses, while the ES short made a the first net profit of the day. It use to be much harder for me to re-enter a position after being stopped out, but as long as the signal is still valid, then that is what the game plan calls for. Volatility can be your friend, but only if you wait patiently for the signals to appear, and quit re-entering when those signals are overcome and cancel out. Having a tight trade plan with precise entry models helps keep both the fear and the doubt at bay. Just follow your plan. If it works far more often than it fails, the net result should be profitable.
