20131022
Short 1 YM 15368, -10
Short 2 TF 1117.4, 1117.5, -0.5, -1.2
Short 4 TF 1118.6, 1118.6, 1118.5, 1118.6, +0.4, -0.6, +0.7, -0.4
Short 1 ES 1750.0, -1.75
Short 2 TF 1119.0, 1118.9, -0.7, +0.5
Short 3 TF 1120.1, 1120.0, 1120.2, +2.7, +1.2, +0.7
Long 1 TF 1115.1, -0.2
Long 2 TF 1113.9, 1113.9, +0.5, -0.5
Short 2 TF 1113.5, 1113.5, -0.2, -0.7
Short 1 TF 1113.7, +1.4
PM trades
Short 2 TF 1113.8, 1113.7, +0.9, +0.7
Total ES -1.75
Total YM -10
Total TF +4.6
Large extensions in both directions can be challenging. A second set of sell signals kept me in the game, and were definitely fit Trade Models from the plan. But once the selling got started, didn't get a chance to re enter after taking profits. Any profit taking on shorts was too early as the drop was vertical. But hard to pass up a 3 pt profit on the 3rd contract, and would usually be a foolish move, as such a fast drop not easy to anticipate. Early exits come from playing catch up to initial losses. But it's important not to let winners that restore health go untaken. There are always more trades..... Stay focused.
Addendum:
Price and pattern reached good short entry level for an Trade Entry Model short, but I dumped the potential runner too quickly thinking, just as I had done at the AM highs, that I'd get another immediate retest to re-short with. Entries, as tough as they were today, are still far easier than exits, and that is the area in which I most need improvement.
