Trade Summary
20130826
Short 3 TF 1037.4, 1038.7, 1038.7, -0.3, +0.7, +1.3
Short 2 YM 15011, 15011, +7, -2
Short 2 TF 1040.6, 1040.7, -0.4, -0.2
Short 1 ES 1665.0, -0.75
Short 2 YM 15021, 15024, -5, +5
Total YM +5
Total ES -0.75
Total TF +1.0
Choppy action changes the pace of trading dramatically, and certainly brings its own challenges outside of the normal trend considerations. When opportunities are scant, always remember that tomorrow is another day, and save your capital for those better days. Today, I ducked a TF breakout play that could have netted a small profit, but for the most part, good entries in the TF according to trade plan entry models failed to materialize. However, had I successfully spread my focus a bit into the NQ, would have noticed an excellent breakout trigger there in the early going that would have captured much of NQ's big bull swoon successfully. I must go back to the Trade Plan and emphasize the taking of NQ 2nd trend, SubSequent Inflection breakouts, as the NQ is easily the most consistent contract producing that breakout play.
