Trade Summary
20130809
Short 2 TF 1050.2, 1050.1, +0.5, -0.5
Short 2 NQ 3132.25, 3132.75, -2.0, -2.0
Short 2 NQ 3133.25, 3133.0, +2.0, +2.25
Long 2 TF 1047.1, 1047.2, +0.5, +1.0
Long 2 ES 1690.5, 1690.0, -0.0, +0.5
Long 1 TF 1048.3, -0.9
Long 2 TF 1046.6, 1046.6, +0.5, -0.7
Long 2 TF 1046.4, 1046.4, -0,.7, -0.7
Long 2 TF 1041.7, 1041.5, +1.4, +0.5
Short 3 TF 1045.6, 1045.5, 1045.9, +1.1, +0.5, +0.5
Total NQ +0.25
Total ES +0.5
Total TF +3.0
The best thing to remember when signals appear but action is whippy is to remain calm. Usually the signals reassert themselves. Manage your trades accordingly. Even though a signal appears that should begin a clear trend, is best to partial out of the position anyway, even if that early exit turns out to be way earlier than needed. You enter the signal because the trade model is in your Trade Plan, but manage the trade as if it has the possibility of failure. Partialing out of a position pays for the trade, and today, kept my losses down in several places. Return to look at the Noon Hour. So many good trades can set up around that time marker. Today, it was the difference in making a mostly break-even day into a profit. ...and a good weekend to all....
