20131120
Long 2 YM 15935 15934, +7, -7
Long 2 NQ 3385.5, 3385.0, -0.0, +2.0
Long 1 YM 15928, +15
Long 2 TF 1100.3, 1099.8, -1.4., -0.7
Long 2 TF 1098.6, 1098.6, +1.0, +2.0
Long 1 NQ 3380.75, +5.0
Short 1 TF 1104.3, -0.5
Short 2 YM 15981, 15979, +11, +7
Long 1 NQ 3389.0, -2.0
Long 1 NQ 3384.0, -2.0
Long 2 NQ 3382.0, 3382.0, +3.0, +2.0
Long 2 NQ 3382.50, 3382.50, +3.0, +3.0
PM trades
Long 1 YM 15928, +20
Total YM +53
Total NQ +16.0
Total TF +0.4
It was important for the day's profits to have stepped back in at more than one buy signal when the volatility blew out my stp's. That's because the buy signals were still there, but at deeper excursion depths in both the initial TF longs and the subsequent NQ longs after those stp-outs. I seldom have trouble doing this, but is worth reminding me to stay with the signal even though the volatility can extend the waves. The biggest miss of the day came with an inflection buy out, and as usual, I balked and was left standing flat as the TF exploded towards earlier identified bull targets. Study the inflections. Note the momentum. Register whether the infection comes as a 1st or 2nd trend direction, and take the trade if these filters are in place. With the right filters, a breakout can be even more rewarding than a pullback opportunity. Review more charts over the weekend, and make further settlements on breakout filters for the Trade Plan. Then, follow the Plan.
Addendum:
FOMC minutes always a draw for those seeking volatility. Saw no pre-news setups as the clock count down arrived inbetwixt a trading range for the day. But the bearish reaction to the news did beget several buy signals, one of which I was bold enough to take in the YM, but no other. I was looking for a decent TF signal, as did not fare much better than b/e there this morning in the 1st Frame. A frame without TF profits is like a day without sunshine. But the only clear TF trade in the PM was a breakdown trade, which in retrospect, would have required a full sized stp-loss in order to survive the whiplash after the trigger entry level. But no shame in trading the NQ and/or the YM. Go where the signals appear. Follow the Trade Plan. Stay disciplined.
