Trade Summary
20130925
Short 2 NQ 3206.0, 3206.25, +4.0, +2.0
Long 1 NQ 3198.05, +5.0
Long 1 TF 1071.0, +1.0
Short 1 NQ 3207.5, -1.0
Total NQ +10.0
Total TF +1.0
There is a Yin Yang to the transitions from one frame to the next. Usually, the 1st frame has all the volatility.
And if the market only coils in the 1st Frame, it's the Midday Frame that gets the trend. Today, the 1st frame was very volatile, so when it came to an end, and a TF buy signal appeared, I ignored it; partly because I tend not to trade into the Midday Frame, and partly because it usually dies off for a few hours into consolidation. But today the 1st Frame had the less common combination of both being volatile, but also a coil, and consequently, that last TF buy signal exploded into the midday with the trendiness to contrast the coil of the 1st frame. I was left watching on the sidelines. My mentor always use to say "Position yourself to be surprised." Stay focused. The Trader's role is not to predict. The Trader's role is to position.
