20130930
Short 1 TF 1061.7, -0.5,
Short 2 TF 1063.0, 1063.0, -0.6, -0.6
Short 2 TF 1063.0, 1063.0, +0.5, +1.0
Long 2 TF 1061.0, 1061.0, +0.5, +1.0
Short 1 NQ 3202.15, -0.25
Short 2 NQ 3205, 3205.0, -1.0, -1.0
Short 2 YM 15065, 15065, -4, -4
Short 2 TF 1063.9, 1064.2, +0.5, +1.0
Short 2 TF 1064.9, 1065.3, +1.4, +0.5
Short 2 NQ 3212.5, 3212.5, -1.5, -0.75
Short 1 TF 1067.3, -0.7
PM trades:
Short 3 TF 1072.9, 1073.0, 1073.8, -0, -0. +1.3
Total NQ -4.5
Total YM -8
Total TF +5.3
The internals looked so poor at the opening, they should have been regarded as good, especially the -1041 tick reading. Any 1000 tick reading rare these days, and should be regarded as initial exhaustion. The initlal shorts into the first spike up were nonetheless the Trade Model calls, and showed good profits, but my entries were impatient, and I failed to wait to a solid resistance number, forcing me to re enter from stop-outs. Be patient, wait til all elements of the model appear, then act decisively. Thereafter, the buy signal in the TF was valid, but with the 2nd buy signals failing to fill, I should have switched over to the YM or NQ in order to participate with the main rally thrust. Without a timely pullback buy entry, you are left fading the extremes of the breakouts, which are counter trend. And those must be timed fairly precisely. Today, fading paid off in the TF because pullbacks were deep enough for profits. Stay focused. Trade within the Plan.
