Trade Summary
20140206
Long 2 TF 1196.4, 1196.3, +0.5, +1.5
Short 1 TF 1100.8, +1.1
Long 2 TF 1198.8, 1198.9, -0.1, +0.5
Long 1 TF 1198.4, -0.2
Long 1 TF 1198.4, +1.2
Short 2 TF 1102.0, 1102.0, -0.2, -0.7
Short 2 NQ 3498.5, 3498.25, +2.0, +5.0
Short 2 TF 1104.7, 1104.6, +1.0, +1.5
Total NQ +7.0
Total TF +6.1
The Persistent Trend Day Up model is often devoid of big swings and extended pullback buy opportunities. Not so today in the TF contract, as the early grinding characteristic so hard to play inflicted only the ES, YM and NQ. ....so maybe this isn't a Persistent Trend Day Up for the TF.... The buy signals that hit the daily frame reversals yesterday could, however, stick for several days in this budding bear, and who knows, may prove to be just the base of another leg up in this endless bull market, the sell signals at the top in the daily frame this time notwithstanding. Today I balked at an excellent bull breakout play that is perfect for this day model, and opted instead for buying pullbacks and fading extremes. That can work well on any day where there are actually swings, but for a potential Persistent Trend Day Up model, that tactic's success today was nothing more than luck. I should have prepared myself better for the breakout play, as rehearsal can help to over come such blocks. Stay disciplined.
