20131108
Short 2 TF 1081.9, 1082.9, -1.4, -0.5
Short 2 TF 1086.5, +1.0, +1.2
Long 1 TF 1083.1, +1.4
Short 1 TF 1086.8, -0.7
Short 2 TF 1087.9, 1088.2, -0.5, +0.7
Short 2 YM 15629, 15630, +16, +7
Short 2 NQ 3349.5, 3349.5, -0, +5.0
Long 1 TF 1090.9, +1.2
Total YM +23
Total NQ +5.0
Total TF +2.4
Yesterday's Persistent Trend Day Down models were followed immediately by a Persistent Trend Day Up today. This has been just the same Day Model Sequence this bull has demonstrated so many times these many months, and should come as no surprise. Except that I was no more prepared to take the breakout signals in TF on the way up as I was yesterday on the way down. Pullback buy opps in the TF did present themselves, however, and I was quick to respond to those when they appeared. But the best one shortly after the opening went unfilled, and was left on the sidelines for the big initial explosion. Consider the elements to that initial pullback buy opp. They have been seen so many times before. The TF alerted the market to the whole subsequent explosion in those earliest minutes. Write down its elements. Rehearse their reappearance. Be ready for the trade. You must be ready to strike quickly when the model appears, and consider that if the trend has force and is truly explosive, it will fall short of pullback depth expectations, and offer considerable surprise and extension to the inflection breakouts. Be brave at the inflections that fit the trade model filter restrictions. Avoid all others. ...and a good weekend to all.
