20131203
Long 1 TF 1128.1, -0.1
Long 2 TF 1126.8, 1126.7, -0.7, +0.5
Long 3 TF 1126.3, 1125.4, 1125.3, -1.4, +2.0, +1.0
Short 2 TF 1131.2, 1131.2, +0.5, +1.0
Long 2 TF 1128.8, 1128.5, +1.0, +0.5
Long 2 TF 1128.9, 1128.8, +1.5, +0.5
Total TF +6.3
The first trend direction of the day is usually rejected. That's why the Test-n-Reject occurs far more often than does the Persistent Trend. But anticipating a reversal can cause you to slip into tape reading to justify an entry that is not quite ripe for a Trade Plan Entry Model. And so it was today for me, as I let my discipline slip with an early long entry. It was close enough to recover with follow-up entries, but nonetheless, it kept me from showing the profits I should have shown from the 1st and most important turn of the 1st Frame. Stay disciplined. Follow the Plan.
