20130923
Long 2 TF 1067.4, 1067.4, +0.7, -0.2
Long 1 TF 1066.9, +1.2
Long 1 TF 1066.9, -0.4
Short 1 TF 1066.3, -0.5
Long 2 YM 15356, 15357, +6, -1
Short 2 TF 1066.1, 1065.9, -0.3, -0.4
Long 1 TF 1065.3, 1065.7, -01, +0.5
Long 1 TF 1065.6, -0.5
Short 1 TF 1064.9, +2.2
Short 1 TF 1063.2, -0.5
PM Trades:
Short 2 TF 1067.4, 1068.3, -1.4, -0.4
Short 3 TF 1069.8, 1069.7, 1069.6, -0.4, +0.7, -0.6
Short 3 TF 1070.9, 1071.0, 1071.0, +0.5, +0.5, +1.1
Short 1 TF 1069.5, -0.2
Short 1 TF 1069.5, -0.3
Short 1 TF 1070.3, -0.3
Long 1 TF 1069.3, -0.4
Long 1 TF 1069.1, -0.2
Long 1 TF 1069.2, -0.2
Total YM +5
Total TF +0.1
No methods of decision support can well predict whether the action will be whippy at the breakdown levels. Serial Sequent can be deadly accurate at identifying the inflection levels associated with breakout momentum levels, but not the style of action. And today, several stp-n-rev plays into short were stopped-out. The last of 3 in a row, however, did trend nicely, but otherwise, I was treading water. The idea is always to stay with the trade plan. Some days are better for trending action than others. The trade plan should keep you healthy until then, and also contain losses to a minimum when action is less favorable.
PM Addendum
TF sudden volatility at the end the correction stop'd out my premature short entries, but can not blame anything my failure to adhere to trade plan. The structure was correct, but did not have a resistance number at the price entered, and paid the consequences. The ES and YM levels reached by comparable signals, however, did stick nicely, and had I been more flexible about contract choice, either of those would have shown excellent production. Stick to the plan. The trade management aspect of the plan kept me from losing all the AM profits, but was actually negative on the day with the commissions.
