20140218
Short 4 TF 1153.6, 1153.6, 1154.3, 1154.1, +0.5, -0.8, +1.0, +0.5
Short 1 TF 1153.9, +2.0
Short 3 TF 1151.6, 1151.6, 1152.0, -0.5, -1.1, -0.6
Short 2 TF 1152.0, 1153.0, -0.1, +1.0
Short 3 TF 1153.3, 1153.3,1153.3, +0.5, +0.5, -0.4
Short 3 TF 1155.1, 1155.2, 1155.3, -0.6, +0.5, +0.5
Short 2 TF 1155.4, 1155.5, -0.9, -0.8
Short 3 TF 1157.3, 1158.1, 1158.0, -1.4, -0.6, -0.7
PM Trades:
Long 2 TF 1156.6, 1156.1, +1.0, +0.5
Total TF -0.0
It seems an inconsistency on the one hand to use relative positions of all four contracts against each other with such classical tools as divergence to include in trade entry, and then on the other hand, to acknowledge that sometimes, especially with the Russell 2k, one contract can act so independently of the others. Such was clearly the case today. But my poor performance is no fault other than my own, as the TF displayed a perfect bull pre-breakout pause pattern today that would have easily launched a position into the 2nd leg of the Persistent Trend Up... had I not balked at the blatant divergence. I found myself too committed to the short at that time, and have no other explanation of my repeated attempts to short the TF after that successful breakout other than a stubborn, get-even kind of revenge trading. Don't allow an exhibition of stubborn, get-even kind of revenge to infect your trading. Stay disciplined. The game is not to prove you're right, and the market is wrong. The business is to wait til the right Trade Entry Model appears at the right edge of your video screen, and take the trade regardless of how you 'feel' or the trend prejudice you may be suffering from at that moment. Any reversal signal at support/resistance, can be a stop-n-reverse back into trend, if other technical model minutia are in place. Know your plan. Trade no other.
