20130924
Long 1 ES 1691.5, +2.25
Long 2 TF 1066.3, 1066.5, +0.7, +1.4
Long 3 TF 1065.9, 1066.1, 1065.9, +0.5, -0.0, +0.5
Long 2 YM 15308, 15304, +5, -7
Long 2 YM 15291, 15291, -10, -10
Long 2 TF 1063.9, 1063.9, +0.7, +3.0
Short 3 TF 1073.5, 1073.9, 1073.9, -0.0, -0.1, -0.8
Total ES +2.25
Total YM -22
Total TF +5.9
What is counter trend and what is in-trend can be deceiving to the casual observer in the early going. Remember, Test-n-Reject is the more typical of Day Models, not Persistent Trend, so yesterday's reversal by TF following Friday's Persistent Trend Day Down in the ES and YM built up the potential of a strong Test-n-Reject today--with TF showing its hand at leadership yesterday. Having entered at the LOD, a 3 pt gain in today's reversal seemed paltry, but usually, such a reversal would be accompanied by several pullbacks as 2nd chance entries. Breakout plays were well within the Trade Plan on 2nd Trend Direction setups, but those didn't come til the momentum indicators were pushing up against the ceiling. Missing out on profits is always harder emotionally than even losing capital. Stay focused, and stay within the plan. Trade what's in front of you, that's all you can ever accomplish.
