20131001
Short 2 TF 1075.7, 1075.8, -0.5, -0.4
Short 2 TF 1076.7, 1077.0, +1.0, +1.0
Long 1 TF 1074.0, +1.3
Short 1 TF 1077.5, +0.8
Long 1 TF 1075.0, -0.5
Short 2 TF 1076.8, 1076.7, -0.3, -0.5
Short 2 TF 1077.7, 1077.5, -0.4, +0.3
Short 3 TF 1077.7, 1077.7, 1077.7, +0.7, +0.5, -0.2
Long 2 TF 1078.7, 1078.7, +0.1, +0.9
Total TF +3.8
Bull trends usually have pullbacks. Today's early pullbacks, like yesterday's, came after the initial short signal in the NQ and ES, and required some focus apart from the TF. This time, the TF was also flashing a buy signal just a minute or so in front of the 10:00am econ reports. That provided the perfect background, so long as a premium accrued before the last 15 secs of the countdown. A 2nd unit would have been required to see the position through to the new HOD, and whether to take a 2nd is often left to an appraisal of conditions rather than a strict rule of the Trade Plan. ...or this simply might be a weakness in self discipline. That aspect has always been a point of interest in Trade Plan development, but so far, I've come to no solution. Since I favor taking a 2nd unit as price forms a base or a top against some predetermined support / exhaustion number, getting a 2nd is much harder if price vacates that area on price rejection quickly, without a bit of bouncing around. ...food for more thought...
