Trade Summary
20131009
Long 2 TF 1042.8, 1043.0, -0.5, +0.5
Short 2 YM 14717, 14720, +10, +5
Short 2 TF 1042.8, 1043.1, +0.7, +1.5
Long 1 TF 1038.7, +1.5
Total YM +15
Total TF +3.7
Two Persistent Trend Days Down in a row are very rare, and so reversal action at lower lows fit the trading plan well for buy opps. Big swings tend to offer much better opps than vertical moves, unless of course you can catch the right breakout triggers into those vertical moves. Since so many breakouts get whipped right out of the positions quickly, the filters for breakouts are of necessity more demanding, and must eliminate the majority of potential breakout triggers from a Trade Plan. Yesterday's breakdown after the 1st Frame did offer such a trigger, but I was asleep at the switch, and should have made my last buy attempt in TF at the then current 1st hour low into a stp-n-rev short. Since the right breakout triggers are fewer and farther in between, it's easier to let the discipline necessary to stay alert for them begin to slide. Stay focused.
