20140214
Long 2 NQ 3644.75, 3644.75, 3642.75, 3642.75, +1.0, +1.0, +2.0, +4.0
Long 3 NQ 3641.75, 3641.75, 3641.75, +2.0, +3.0, +4.5
Short 2 TF 1144.8, 1145.2, +0.5, +0.5
Long 1 TF, 1143.6, 1143.6, +1.2
Long 2 TF 1143.8, 1143.9, -0.4, +0.1
Long 1 TF 1143.3, -0.5
Long 2 TF 1140.4, 1140.4, +1.0, -0.2
Long 1 TF 1140.5, +1.8
Total NQ +17.5
Total TF +4.0
To the intraday trader, big swings provide far better opportunities than the Persistent Trend Day we had yesterday. I have a trade plan for Persistent Trend Days, but I have trouble getting that hat on when the signs start showing up, and yesterday I let myself start the day infected with a trend prejudice. Stay focused. Trade the day that appears on your screen today. When it appears as a surprise and emotionally jarring, then it probably is appearing that way to a large majority of traders too, who like yourself, will probably spend the day fighting the trend instead of being in sync with it. Get in sync. When the signals are there, add to them the emotional appraisal that this day's action is a complete surprise and therefore your emotions themselves are a contrary opinion worth adding to your entry models. The market is closed Monday. Happy Birthday, George. We really miss you and Presidents like you, .....more than ever these days....
