Trade Summary
20130521
Short 2 YM 15366, 15364, -10, -6
Long 3 TF 995.5, 995.5, 995.8, +0.5, +1.0, +0.5
Long 1 TF 995.5, -0.5
Long 1 NQ 3014.5, -1.5
Long 2 YM 15306, +7, +14
Long 1 TF 993.4, +1.0
Short 1 TF 995.9, -0.1
Short 1 NQ 3023.25, +4.0
Short 1 NQ 3023.50, -1.0
Total YM +5
Total NQ +1.5
Total TF +2.4
Technical analysis exists to identify probabilities, not perfections. Today in the chat room, I called 3 contracts short near the highs. I got stp'd out of the YM short, and never filled either the NQ nor TF short entry levels. And then it collapsed. But a counter-trend trade and finally a bottom signal allowed me to at least make a profit. Be prepared to flip your rally hat around the signals come. The trader's job is to avoid the infliction of trend prejudice and trade what appears at the right side of his video screen. Stay with the plan, not your opinions.
