Wed Aug 21 Trades & Journal

Trade Summary
20130821
Short 2 NQ 3087.0, 3087.0, +1.5, +5.0
Long 1 TF 1022.1, +2.0
Short 2 YM 14938, 14946, -12, -6
Short 2 YM 14949, 14951, +6, -0
Long 1 TF 1021.0, -0.5
Long 2 TF 1020.6, 1020.8, +2.0, +1.0
Total NQ +6.5
Total YM -12
Total TF +4.5

Lots of turns and swings today, just the opposite of yesterday. The more swing turns with Trade Model signals, the more opportunities. Today, instead of a Pre-News setup, the setup occurred just post-news, and provided a very quick payoff. The Trade Plan calls for a pre-news position if there's a trade model signal that appears with enough window left before the release to gain a premium in paper and/or partial profits to 'pay' for the trade. Today, that signal didn't occur til the news was right on top of us, but clarified nicely just after the news was over. Stay relaxed. Have a Plan. Stick to the Plan.