20130916
Long 2 NQ 3189.0, 3187.25, -0, -1.0
Long 2 TF 1057.4, 1057.5, -0. -0
Short 3 TF 1057.6, 1058.0, 1057.8, -1.0, +0.5, +0.4
Short 3 TF 1059.4, 1059.3, 1059.4, +0.7, +1.1, +0.5
Long 2 TF 1056.6, 1056.7, -0.5, -0.5
Long 2 TF 1055.8, +0.7, +1.0
Long 2 TF 1055.0, 1054.9, +1.0, +0.5
PM Trades:
Long 2 YM 15416, 15414, +10, +5
Total YM +15
Total NQ -1.0
Total TF +4.4
Sometimes prices open at such extremes that you can just smell a gap close coming. But once you introduce intuition into your Trade Plan, it starts leaking in at other occasions less convincing. Intuition has no qualifiers. It always feels like the right direction. Today, had no short signal at the opening, despite the strong odor in the extreme price highs, but a good bounce midway down provided one. Thereafter, the Plan spotted the lows quite well in the NQ and the TF, although the TF came a bit shy of the more ideal entry level, and so had to to scramble. Also backed out of two long entries today, when the structure failed to hold the right plan model, and was rewarded by getting out about b/e on those. It's important not to talk yourself into holding a position when the pattern and price described by the model deteriorate. No trade decision is ever 'General Custer". You take trade entries for a specific set of conditions, and even if price is holding, you should exit that trade quickly if the reason you entered the trade can no longer be seen. Stay disciplined.
