20131122
Long 2 NQ 3407.5, 3407.75, +3.50, +1.0
Short 1 TF 1119.0, -0.4
Short 2 YM 15979, 15980, +12, +20
Long 1 TF 1116.7, +1.7
Short 1 TF 1121.2, +0.6
Total NQ +4.5
Total YM +32
Total TF +1.9
Unlike yesterday, today's ORB coil came with no pre Philly Fed complication, so I have even less excuse for not taking it as a breakout. Earlier the TF had been the heavier of all contracts, but at this bull breakout level, was suddenly all alone. All the more so should I have been ready to take the breakout, as it had all the right filters: a Pre-Breakout Pause, the 10:30am Trend Check base, and contract Leadership Shift. Put on your blinders. You can't outguess the market, nor out smart it. The trades have qualifying elements. Those elements either appear at the right edge of your video screen, or the do not. Intuition and fear are not allowed. Take the trades, take the consequences. If the trepidation you feel from taking the trade is caused by a legitimate technical aspect, then that aspect should be a filter to the trade every time. Otherwise, ignore it. Stay disciplined.
