20131114
Long 1 TF 1109.9, +1.2
Long 1 TF 1108.4, -0.7
Long 2 TF 1106.7, 1106.9, +0.7, -0.7
Long 1 TF 1106.6, -0.5
Long 2 TF 1105.2, 1105.3, -0.0, -0.5
Long 3 TF 1104.8, 1104.8, 1104.9, +1.4, +1.6, +1.2
Long 1 TF 1103.3, +0.1
Long 1 TF 1104.1, -0.5
Long 2 TF 1103.1, 1102.7, +3.0, +1.0
Long 1 TF 1104.6, +2.0
Total TF +8.4
Remarkable divergence, and have to admit that it affected me to overconfidence and early entries on the way down. I even took several trades that were outside the model for a Test-n-Reject 1st Frame following on the heals of a Persistent Trend Day Up the day before. And although I used 1 lots and tight stp's for those out-of-model long entries, letting them into my head at that point was a little like letting in the air of intuition and tape reading. This is NOT what you want to do, and leads to being cocky, and eventually, if not checked, the catastrophic habit of assuming you know which way the market is supposed to go. You don't. And at those moments where you most feel right, the market is all the more likely to prove you otherwise. Whatever it is you think you see and is wiser than the current price action of the market itself is being seen by lots of other traders, all probably better at their craft than you. And that's precisely why you're all probably just going to be stopped out. The market is bigger than all that, and the more that see how much the market must be wrong in its own self assessment, the more subsequent liquidation and impulse is most likely about to follow as those thinking they're 'in-the-know' are forced to puke back their positions in humble acknowledgement that 'everybody' is always wrong. Stick with your plan. It doesn't matter if you miss a few trades. Most likely, a hurried entry will just be a stop-out, and will put you into a hole that you'll have to dig out of when the true and completed Trade Entry Models finally make their destined appearance anyway. Stay disciplined.
