Trade Summary
20131003
Long 2 YM 14969, 14969, -10, -10
Long 2 TF 1071.1, 1071.2, +0.5, -0.7
Long 2 NQ 3225.75, 3226.25, +2.0, -0.25
Long 2 YM 14946, 14946, +5, +15
Long 2 TF 1065.1, 1065.0, +1.1, +0.7
Long 2 TF 1065.1, 1064.7, -0.2, +1.6
Long 1 TF 1064.7, +1.2
PM Trades:
Long 2 TF 1064.9, 1064.7, +2.0, +0.5
Total YM -0
Total NQ +1.75
Total TF +6.7
Although Serial Sequent Method allows for stp n rev at potential reversal levels, my Trade Plan filters those out when in the first trend direction of the day. On days when initial trend is vertical plummet, like today, that filter prevents me from participating in a big initial move. These big vertical moves have a lasting impression on the trader's psyche. He wants to for this action every day. But these days are not the norm. Test-n-Reject and swing reversals are greater percentage of Day Models. Thankfully, today's big initial trend had some great reversals and pullbacks and key Grid levels, so missing the short side initially did not preclude finding other opportunities. Stay focused. When Momentum, Wave Structure, Time Markers and Price Grid collide at the same time, there is little time for hesitation. These often come at the most emotionally challenging moments. Stay disciplined.
