20140103
Short 3 TF 1152.7, 1153.2, 1153.2, -0, +0.7, +0.8
Long 2 TF 1151.7, 1151.6, -0.5, -0.4
Long 1 TF 1151.9, +1.0
Short 1 TF 1153.1, -0.5
Short 2 TF 1153.3, 1153.4, -0.5, +0.4
Long 1 TF 1153.8, -0.2
Long 3 NQ 3554.25, 3554.25, 3553.5, -0.0, -2.0, -1.5
Long 1 TF 1152.1, -0.5
Long 1 TF 1151.3, 1151.4, +0.7, +1.3
Total NQ -3.5
Total TF +2.3
The NQ contract is well known for having a mind of its own as it sets about establishing a trend, often quite apart from other market sectors. But today the divergence and bifurcation was severe, even for the NQ. Generally, supporting signals from the other contracts are a key element to my Trade Entry Models, and as such, my trading was indeed challenged by this tug-a-war between the NQ and mini Russell small caps index. A small profit is, I well know, better than none at all, and I can console myself and retain a positive attitude on the grounds alone that this kind of severe divergence is a fairly rare market phenomenon. However, I did miss and Opening ORB trade in the TF having no such excuse whatsoever. I simply balked, and missed a great trade that could easily as contributed to fulfilling my unmet daily profit goal. Be determined. Trade the trades in your Trade Plan. If those entry models produce inconsistent results, then they have no business being included in your Plan. So as long as they remain a part of it, take the trades without hesitation.
