Trade Summary
20131007
Short 2 TF 1067.0, 1067.2, -1.4, -1.4
Short 3 TF 1068.2, 1068.3, 1068.3, +2.0, +1.0, +1.0
Short 3 TF 1065.1, 1065.5, 1065.6, -0.0, -0.6, -0.4
Short 1 NQ 3226.5, -2.0
Short 3 TF 1067.3, 1067.4, 1067.2, -0.0, +0.7, -0.0
Short 3 YM 14924, 15923, 15921, +7, +20, +7
Short 3 TF 1070.0, 1070.8, 1070.9, -0.2, +1.7, +1.0
Total NQ -2.0
Total YM +34
Total TF +3.4
Trading can be a lot like boxing. You take a few hits to the face sometimes in order that you find your opponent has created an opening. Today's TF extra volatility spikes at the sell levels did just that. The first one hit me so hard it blew through default stp's on both contracts, but although a bit dazed, could see that it had simply pushed all the way to the next resistance level while still in the same signal zone. Volatility is something to be treasured, not feared. But without a methodology to interpret market structure, it can really chew you up quickly. But after being stp'd out, if the signal is still there, then re entering the trade from a flat position can be the best solution to a losing trade, and the shortest distance back to being in sync. This takes three things to accomplish. 1.), A methodology to identify structural fruition and trend pivots before they have arrived. 2.), A trade plan to accommodate this methodology and give structure to one's behavior. and 3.), self discipline to stick to the plan when emotions tell you otherwise.
