20131018
Short 1 TF 1106.6, +1.0
Short 2 TF 1106.3, 1106.9, -1.1, -.5
Short 3 YM 15318, 15318, 15316, +7, -5, -6
Short 1 TF 1108.1, -0.9
Short 2 TF 1108.6, 1108.5, +2.1, +0.5
Short 2 YM 15318, 15318, +7, +15
Short 1 TF 1105.9, -0.2
Short 1 TF 1105.6, +1.0
Short 1 TF 1105.4, -0.6
Short 2 YM 15292, 15292, -4, -4
Short 1 TF 1106.0, -0.3
Short 2 YM 15291, 15291, -3, -3
Short 1 TF 1106.2, -0.2
Short 1 TF 1107.4, +1.0
Total YM +4
Total TF +1.8
Turning points are not always clean. Take note of extreme divergence as we saw today in a much weaker YM to NQ's relative strength. The TF can get caught in the middle, and as a result, there's a lot of whiplash at the turns. Stepping back into a trade once stopped out is ok if the signal is still there, and the whiplash can be seen as nothing but stop-threatening noise at the turns. But you also have budget limitations to obey in your plan, both to amount of risk and to number of trades. Stick with your Trade Plan. ....and enjoy your weekend...!!
