Trade Summary
20130820
Short 3 TF 1016.2, 1016.2, 1016.1, +0.7, -0.0, -0.3
Long 2 TF 1016.7, 1016.7, +0.5, -0.5
Short 1 TF 1017.0, -0.6
Short 2 TF 1018.8, 1019.2, -0.7, -0.3
Short 4 TF 1021.4, 1021.8, 1021.9, 1021.9, +0.1, -0.6, +0.5, -0.4
Short 1 ES 1052.0, +0.5
Short 1 TF 1022.6, +0.6
Short 2 TF 1023.9, 1024.2, -0.5, +0.5
PM trades
Long 2 ES 1653.25, 1653.25, +1.0, +1.0
Total ES +2.5
Total TF-1.0
TF's Measured Move target of 1009 was hit in pre-cash trading and it was off to the races thereafter. Unfortunately,
pullbacks were scant and shallow, and the Inflection breakout I did identify in TF was a belly flop. But the technique of partially out with small profit and then going to tight stp on last unit helps keep losses small when action is so virulent. Had a nice string of 7 winning days into this, and Persistence of trend always shows up eventually. On those days, if the right breakouts are elusive, best to manage the fades tightly. Don't let frustration about where the market SHOULD turn become big losses from expectations. Swing volatility always returns, and best to wait for another day for it. Stay focused.....
Addendum:
Came back at the 2:30 Transition Time to find TF pullback into the buy zone, but missed it on limit orders just a bit deeper than it went. Took lazy ES instead for small profit, and at least got back to a b/e day. Persistent Trend Day Up Model calls for new HOD's after the first and sometimes the only decent pullback sometime in the Midday Frame or thereafter. But sometimes Last Frame condemned to just drift without making any actual gains of its own.
