20140224
Short 4 TF 1171.1, 1171.3, 1171.3, 1171.3, +0.9, +0.5, +0.5, +0.5
Short 1 TF 1173.0, -0.5
Short 2 TF 1174.7, 1175.0, -0.7, -0.4
Short 2 NQ 3697.75, 3798.25, -0.5, -1.0
Short 3 TF 1177.9, 1178.3, 1179.0, -1.5, -0.1, +0.5
PM Trades:
Long 2 NQ 3694.5, 3694.5, +2.0, +2.0
Long 1 TF 1177.0, +0.8
Total NQ +2.5
Total TF +0.5
Persistent Trend action is the most difficult to trade. In the early going price action is associated more with grinds and shallow pullbacks then nice fat swings. As this has always been my worst day model to find trades in, I am often grateful to walk away without a loss, and today was no exception. I did take two Last Chance Texaco longs in PM trading, but the TF payoff was paltry, and I exited the NQ way too soon to capture its full excursion. And other trade opps did appear, but while I was away from the screen. We'll look for better opps later in the week. Stay focused.
