20140304
Short 2 YM 16348, 16348, +7, +17
Long 2 YM 16322, 16324, +7, +20
Short 1 TF 1200.0, -1.4
Short 2 NQ 3715.75, 3715.75, -1.0, -1.0
Short 1 TF 1203.2, -1.4
Short 1 TF 1203.6, +2.8
Short 1 TF 1204.6, -1.4
Short 2 TF 1206.3, 1206.0, -0.1, +0.5
Short 2 TF 1206.9, 1206.6, +1.0, -0.4
Short 2 TF 1206.9, 1207.1, -0.6, -0.4
Short 2 TF 1207.5, 1207.7, +1.2, +1.0
Short 1 NQ 3719.25, +3.0
Long 2 NQ 3714.0, 3714.25, +1.5, +2.0
Short 1 TF 1208.9, -0.5
PM trades:
Long 2 NQ 3712.75, 3712.75, +2.0, -1.25
Long 1 TF 1207.0, -0.0
Long 2 NQ 3710.25, 3709.75, -2.0, -1.0
Long 1 TF 1205.3, -0.3
Short 2 TF 1205.0, 1205.0, +0.4, -0.4
Total YM +51
Total NQ +2.25
Total TF -0.0
Most notable trait of the Persistent Trend Day....? They're unbelievable. How could anyone get in sync with such shallow zigzag pullbacks in order to position in-trend plays.... ? ...and yet, that's exactly what would have worked best in the skyrocketing TF contract. And along the way of the 1st Frame moon launch, I ignored all those in favor of counter-trend fades, which initially got me in the hole, and required hard work to just dig out of. The other mistake... giving up too quickly when the deeper pullbacks in the laggards like NQ afforded sweet entries at clear support zones. Laggards tend to play catch up in the company of such dramatic Persistent Trend Up leadership as displayed today by TF. With such models, it's far more likely that the laggards will gather steam than the leader give up such remarkable gains. But your faith in slow moving laggards is all the more easily shaken as you watch the leader push on, making you feel even more stupid for not playing it in-trend. So, you let go of the laggard after a sweet pullback entry way too soon, and miss out on its subsequent attempts at catch-up action to new price extremes. You'd think that seeing this model play out so often would temper some of its 'unbelievable' character aspects. But no, it's fresh each time. The Analyst and the Accountant replay their same emotions every time on such days, too. Don't expect them to change. They cannot change or be changed. They cannot change or be changed. They cannot change or be changed. That's why we leave the trading to the Trader, who is assigned to execute on models at the right edge of the video screen despite the flood of disbelief and apprehension. Be the Trader. Stay disciplined.
PM Addendum:
Faced multiple stp-outs trying to find TransitionTime turns and Last Texaco's. Can at least say that I stuck to Plan and traded the Plan, but the Plan failed to accommodate the action. Looking forward to manana for some fresh challenges....
