20140430
Long 3 TF 1107.1, 1107.1, 1107.2, +1.0, -0.5, -0.7
Long 1 TF 1106.2, +4.0
Short 1 TF 1105.6, +1.5
Total TF +5.3
Very thin in the TF today, and that made for some whippy action, a bit like yesterday. But the trade models were true nonetheless, and that's what's important. After a low is in solidly, it's still tempting to fade the 2nd trend direction back in the direction of the 1st, as the 2nd trend seems to have a psychological pull...but a lot less so
if you traded the 1st trend successfully. Will return in the PM to watch for possible pre- and post- FOMC entry models. Stay focused.
Tues Apr 29 Trades & Journal
Trade Summary
20140429
Long 2 TF 1120.4, 1120.3, +1.0, +2.0
Short 1 YM 16471, -3
Short 1 YM 16471, -3
Long 2 NQ 3544.25, 3544.25, +2.0, -0.0
Long 1 TF 1120.8, -0.5
Long 2 TF 1118.8, 1118.8, -0.5, -0.5
Long 2 TF 1118.7, 1118.7, +1.0, -0.0
Long 1 TF 1118.6, -0.6
Long 2 NQ 3539.0, 3539.0, +2.0, +6.0
Long 2 TF 1115.2, 1115.7, +1.0, -0.5
Short 1 TF 1122.2, +1.5
Short 1 TF 1121.5, +1.7
Total YM -6
Total NQ +10.0
Total TF +5.6
Today was a good practice session for conflicting trade signals in the early going, and by the time the frame was done, sore necks were everywhere from all the whiplash. And I got so absorbed at one point in finding likely low with those conflicting signals, that when it came, I actually missed it, and had to be woken up from my brain lock by a sharp student who knew what to do.... doh. Clear your head periodically, especially when the action is gets bewildering and you are being stp'd out of trades more than usual. Step back and look at the bigger picture. Assess the potential models from both viewpoints. Be ready to strike when what was unlikely just moments before has actually just come to fruition. Stay disciplined.
20140429
Long 2 TF 1120.4, 1120.3, +1.0, +2.0
Short 1 YM 16471, -3
Short 1 YM 16471, -3
Long 2 NQ 3544.25, 3544.25, +2.0, -0.0
Long 1 TF 1120.8, -0.5
Long 2 TF 1118.8, 1118.8, -0.5, -0.5
Long 2 TF 1118.7, 1118.7, +1.0, -0.0
Long 1 TF 1118.6, -0.6
Long 2 NQ 3539.0, 3539.0, +2.0, +6.0
Long 2 TF 1115.2, 1115.7, +1.0, -0.5
Short 1 TF 1122.2, +1.5
Short 1 TF 1121.5, +1.7
Total YM -6
Total NQ +10.0
Total TF +5.6
Today was a good practice session for conflicting trade signals in the early going, and by the time the frame was done, sore necks were everywhere from all the whiplash. And I got so absorbed at one point in finding likely low with those conflicting signals, that when it came, I actually missed it, and had to be woken up from my brain lock by a sharp student who knew what to do.... doh. Clear your head periodically, especially when the action is gets bewildering and you are being stp'd out of trades more than usual. Step back and look at the bigger picture. Assess the potential models from both viewpoints. Be ready to strike when what was unlikely just moments before has actually just come to fruition. Stay disciplined.
Mon Apr 28 Trades & Journal
Trade Summary
20140428
Long 2 TF 1115.9, 1115.9, -0.5, -0.5
Long 2 TF 1115.8, 1115.8, +1.5, +3.0
Short 1 YM 16387, -2
Short 1 YM 16389, -5
Short 1 YM 16393, +15
Long 2 TF 1126.2, 1126.4, +2.0, +1.0
Total YM +8
Total TF +6.5
Displayed a bit better heart than Friday at least, regarding holding the winners, that is. But failed to take the plan size at the low when conditions were peak for taking units instead of just 2. ....and was promptly punished by having to watch the TF take a 10pt excursion without me. Take a moment to go over your Trade Plan each day before the the action begins. Settle into to it. Be the Plan.
20140428
Long 2 TF 1115.9, 1115.9, -0.5, -0.5
Long 2 TF 1115.8, 1115.8, +1.5, +3.0
Short 1 YM 16387, -2
Short 1 YM 16389, -5
Short 1 YM 16393, +15
Long 2 TF 1126.2, 1126.4, +2.0, +1.0
Total YM +8
Total TF +6.5
Displayed a bit better heart than Friday at least, regarding holding the winners, that is. But failed to take the plan size at the low when conditions were peak for taking units instead of just 2. ....and was promptly punished by having to watch the TF take a 10pt excursion without me. Take a moment to go over your Trade Plan each day before the the action begins. Settle into to it. Be the Plan.
Fri Apr 25 Trades & Journal
20140425
Short 1 YM 16379, +17
Short 1 YM 16354, -2
Short 2 YM 16356, 16357, +12, +7
Long 2 TF 1128.7, 1128.7, +1.0, +1.6
Short 1 TF 1133.5, +1.2
Long 2 NQ 3524.0, 3524.0, -1.0, -1.0
Long 2 NQ 3525.5, 3525.5, -0.5, -1.0
Total NQ -3.5
Total YM +34
Total TF +3.8
One of the key traits a trader needs is 'heart'. ...the ability to stick with a position while it pauses and retests both your entry price and your patience... ...the ability to ignore other factors like what the other contracts might or might not be doing and just let the position work on its own once entered. ....the heart to take multiple contracts when the appropriate model appears... etc. Today, I had no heart for it, and jumped out at the slightest provocation, especially the YM where I was trading so small in the first place that there was no reason not to have risked holding those early shorts with multiple contracts longer. Some of this can come from just being tired. ...some from misreading the character of price changes, or 'tape action', as they say. ...and worst of all, some of this can come from a fear of being wrong. You have a decent week, and you're more afraid of breaking the streak than taking and managing the trades as their entry models appear. Get some rest... enjoy the weekend... return refreshed and focused to trade. ....
Short 1 YM 16379, +17
Short 1 YM 16354, -2
Short 2 YM 16356, 16357, +12, +7
Long 2 TF 1128.7, 1128.7, +1.0, +1.6
Short 1 TF 1133.5, +1.2
Long 2 NQ 3524.0, 3524.0, -1.0, -1.0
Long 2 NQ 3525.5, 3525.5, -0.5, -1.0
Total NQ -3.5
Total YM +34
Total TF +3.8
One of the key traits a trader needs is 'heart'. ...the ability to stick with a position while it pauses and retests both your entry price and your patience... ...the ability to ignore other factors like what the other contracts might or might not be doing and just let the position work on its own once entered. ....the heart to take multiple contracts when the appropriate model appears... etc. Today, I had no heart for it, and jumped out at the slightest provocation, especially the YM where I was trading so small in the first place that there was no reason not to have risked holding those early shorts with multiple contracts longer. Some of this can come from just being tired. ...some from misreading the character of price changes, or 'tape action', as they say. ...and worst of all, some of this can come from a fear of being wrong. You have a decent week, and you're more afraid of breaking the streak than taking and managing the trades as their entry models appear. Get some rest... enjoy the weekend... return refreshed and focused to trade. ....
Thurs Apr 24 Trades & Journal
20140424
Long 2 NQ 3582.5, 3582.5, -2.0, -2.0
Long 1 NQ 3581.0, -2.0
Long 1 ES 1870.0, -1.5
Long 2 NQ 3572.25, 3572.25,+2.0, -2.0
Long 3 NQ 3559.0, 3559.0, 3559.5, +2.0, -2.0, -2.0
Long 3 TF 1131.9, 1131.9, 1131.9, +2.0, +2.0, +4.0
Short 1 TF 1140.7, +2.0
Total NQ -8.0
Total ES -1.5
Total TF +10.0
If you're just patient, eventually things click and your trade models will appear. Today, the steep plummet took me by surprise and although oversold gauges were all flashing buy, could not find the turn.... until the TF gave us a last final climax. The technique there when all else for a turn is in place is to place buy-stps above the fresh low that occurs when the rest of the model has already signaled the crash is done, then the sudden lift just takes you with it, like catching a wave on the Cali coast. Stay focused. Let the price patterns come to you. Forcing trades in a fast market will almost always fail.
Long 2 NQ 3582.5, 3582.5, -2.0, -2.0
Long 1 NQ 3581.0, -2.0
Long 1 ES 1870.0, -1.5
Long 2 NQ 3572.25, 3572.25,+2.0, -2.0
Long 3 NQ 3559.0, 3559.0, 3559.5, +2.0, -2.0, -2.0
Long 3 TF 1131.9, 1131.9, 1131.9, +2.0, +2.0, +4.0
Short 1 TF 1140.7, +2.0
Total NQ -8.0
Total ES -1.5
Total TF +10.0
If you're just patient, eventually things click and your trade models will appear. Today, the steep plummet took me by surprise and although oversold gauges were all flashing buy, could not find the turn.... until the TF gave us a last final climax. The technique there when all else for a turn is in place is to place buy-stps above the fresh low that occurs when the rest of the model has already signaled the crash is done, then the sudden lift just takes you with it, like catching a wave on the Cali coast. Stay focused. Let the price patterns come to you. Forcing trades in a fast market will almost always fail.
Wed Apr 23 Trade Summary
20140423
Short 2 TF 1147.0, 1147.0, +0.4, -0.4
Short 1 TF 1150.3, -0.5
Short 2 TF 1150.7, 1150.8, +1.0, +0.7
Short 1 TF 1150.5, +1.2
Long 1 YM 14432, -6
Long 1 TF 1146.7, -0.5
Long 2 YM 16428, 16428, +7, -3
Long 1 NQ 3555.25, -1.0
Long 2 YM 16415, 16413, +15, +7
Short 1 TF 1145.7, -0.1
Short 1 TF 1148.1, -0.3
Short 2 TF 1148.6, 1148.5, +0.5, -02
Short 1 TF 1152.3, 1152.3, +0.5, +1.0
Long 2 TF 1147.2, 1146.9, +0.1, -0.3
Total NQ -1.0
Total YM +20
Total TF +3.1
Short 2 TF 1147.0, 1147.0, +0.4, -0.4
Short 1 TF 1150.3, -0.5
Short 2 TF 1150.7, 1150.8, +1.0, +0.7
Short 1 TF 1150.5, +1.2
Long 1 YM 14432, -6
Long 1 TF 1146.7, -0.5
Long 2 YM 16428, 16428, +7, -3
Long 1 NQ 3555.25, -1.0
Long 2 YM 16415, 16413, +15, +7
Short 1 TF 1145.7, -0.1
Short 1 TF 1148.1, -0.3
Short 2 TF 1148.6, 1148.5, +0.5, -02
Short 1 TF 1152.3, 1152.3, +0.5, +1.0
Long 2 TF 1147.2, 1146.9, +0.1, -0.3
Total NQ -1.0
Total YM +20
Total TF +3.1
Tues Apr 22 Trades & Journal
20140422
Long 1 YM 16393, +17
Short 2 TF 1141.3, 1141.7, -1.0, -0.5
Short 1 TF 1142.8, -0.5
Short 2 NQ 3558.25, 3558.25, +2.0, -1.25
Short 2 TF 1144.9, 1144.9, +0.7, +2.0
Short 1 TF 1145.8, -0.2
Short 1 TF 1147.6, -0.6
Short 1 YM 16448, -7
Short 2 TF 1148.5, 1148.5, +0.7, -0.2
Short 2 NQ 3576.75, 3576.75, +2.0, +4.0
Short 1 TF 1149.2, +1.4
Long 3 TF 1146.6, 1146.1, 1145.9, -0.0, +0.5, +1.5
Total YM +10
Total NQ +6.75
Total TF +3.8
Persistent Trend Days often give you the subtlest of early signs, and this one was no exception. ...and yet I ignored the first, and was late taking the 1stChanceTexaco entry for the 2nd. That I managed to make a profit today was sheer persistence of my own at key levels, but the best trades of the day were either missed altogether, or not well handled. Since the Persistent Trend model is a different section of the book of 'rich environments', it requires a distinct shift in attitude and habit. ..and therein lies the rub... that switching out of the more typical behavior patterns of the more typical 1st Frame action is, in and until itself, a temporary suspension of what has become more ingrained behavior, that in order to trade the entire spectrum of models competently, one must act without habit altogether, fresh each day, embracing--in the words of S. Kotler--the novelty, the complexity and the unpredictability associated with true flow. True flow can never become habitual... if for no other reason because the market is never really the same from day to day, despite the repetition of broad, day model attributes. And therein is the paradox of trading. Stay fresh. Stay loose. But stay focused; and operate from the strict discipline of the Trade Plan and all the behavior governors associated with it.
Long 1 YM 16393, +17
Short 2 TF 1141.3, 1141.7, -1.0, -0.5
Short 1 TF 1142.8, -0.5
Short 2 NQ 3558.25, 3558.25, +2.0, -1.25
Short 2 TF 1144.9, 1144.9, +0.7, +2.0
Short 1 TF 1145.8, -0.2
Short 1 TF 1147.6, -0.6
Short 1 YM 16448, -7
Short 2 TF 1148.5, 1148.5, +0.7, -0.2
Short 2 NQ 3576.75, 3576.75, +2.0, +4.0
Short 1 TF 1149.2, +1.4
Long 3 TF 1146.6, 1146.1, 1145.9, -0.0, +0.5, +1.5
Total YM +10
Total NQ +6.75
Total TF +3.8
Persistent Trend Days often give you the subtlest of early signs, and this one was no exception. ...and yet I ignored the first, and was late taking the 1stChanceTexaco entry for the 2nd. That I managed to make a profit today was sheer persistence of my own at key levels, but the best trades of the day were either missed altogether, or not well handled. Since the Persistent Trend model is a different section of the book of 'rich environments', it requires a distinct shift in attitude and habit. ..and therein lies the rub... that switching out of the more typical behavior patterns of the more typical 1st Frame action is, in and until itself, a temporary suspension of what has become more ingrained behavior, that in order to trade the entire spectrum of models competently, one must act without habit altogether, fresh each day, embracing--in the words of S. Kotler--the novelty, the complexity and the unpredictability associated with true flow. True flow can never become habitual... if for no other reason because the market is never really the same from day to day, despite the repetition of broad, day model attributes. And therein is the paradox of trading. Stay fresh. Stay loose. But stay focused; and operate from the strict discipline of the Trade Plan and all the behavior governors associated with it.
Mon Apr 21 Trades & Journal
20140421
Long 1 NQ 3530.5, -2.0
Short 1 NQ 3527.25, 3627.5, -2.0, -1.25
Long 2 TF 1134.4, 1134.6, +1.7, +0.7
Long 1 TF 1137.2, -0.5
Short 1 YM 16381, -2
Short 1 YM 16381, -5
Short 1 TF 1138.4, -0.1
Short 2 TF 1139.3, 1139.0, +2.0, +0.7
Long 1 NQ 3535.25, -1.5
Long 1 TF 1136.4, -0.5
Long 1 YM 16372, -5
Long 1 NQ 3534.25, -1.5
Long 1 NQ 3529.5, -1.5
Long 1 YM 16370, -7
Long 2 TF 1133.3, 1133.3, +1.0, -0.4
Long 2 TF 1131.1, 1131.2, -0.5, -0.5
Long 2 TF 1130.3, 1130.3, +1.0, -0.6
Long 1 ES 1857.75, +2.0
Long 1 YM 16340, -0
Short 1 TF 1132.9, +1.2
Short 1 TF 1132.5, -0.4
Short 1 TF 1136.0, -0.3
Short 1 TF 1136.1, -0.3
Total NQ -9.75
Total ES +2.0
Total YM -19
Total TF +4.2
Sometimes trading is like stepping into ocean at the beach on a day with warm water, when otherwise all would seem just fine.....only to be stung by a thousand jellyfish. And I know when the Trade Plan signal models are struggling to find the turn when I end up with a winning trade in the ES.... Some days are better for trading than others.... or perhaps to be more fair, some days would have done better in some other Trade Plan than the one I use to satisfaction on most other days.... but losses were still smaller than gains, so no reason to be anything but positive going forward into the week. Stay focused on the trade management aspect of the Plan. Limit your losses and be sure to remember to limit your trades. With a plan of no more than about 10 trades per frame, I let myself exceed that substantially today, mostly just throwing money at turns that would not be easily defined... Be back to tomorrow, fresh and ready....
Long 1 NQ 3530.5, -2.0
Short 1 NQ 3527.25, 3627.5, -2.0, -1.25
Long 2 TF 1134.4, 1134.6, +1.7, +0.7
Long 1 TF 1137.2, -0.5
Short 1 YM 16381, -2
Short 1 YM 16381, -5
Short 1 TF 1138.4, -0.1
Short 2 TF 1139.3, 1139.0, +2.0, +0.7
Long 1 NQ 3535.25, -1.5
Long 1 TF 1136.4, -0.5
Long 1 YM 16372, -5
Long 1 NQ 3534.25, -1.5
Long 1 NQ 3529.5, -1.5
Long 1 YM 16370, -7
Long 2 TF 1133.3, 1133.3, +1.0, -0.4
Long 2 TF 1131.1, 1131.2, -0.5, -0.5
Long 2 TF 1130.3, 1130.3, +1.0, -0.6
Long 1 ES 1857.75, +2.0
Long 1 YM 16340, -0
Short 1 TF 1132.9, +1.2
Short 1 TF 1132.5, -0.4
Short 1 TF 1136.0, -0.3
Short 1 TF 1136.1, -0.3
Total NQ -9.75
Total ES +2.0
Total YM -19
Total TF +4.2
Sometimes trading is like stepping into ocean at the beach on a day with warm water, when otherwise all would seem just fine.....only to be stung by a thousand jellyfish. And I know when the Trade Plan signal models are struggling to find the turn when I end up with a winning trade in the ES.... Some days are better for trading than others.... or perhaps to be more fair, some days would have done better in some other Trade Plan than the one I use to satisfaction on most other days.... but losses were still smaller than gains, so no reason to be anything but positive going forward into the week. Stay focused on the trade management aspect of the Plan. Limit your losses and be sure to remember to limit your trades. With a plan of no more than about 10 trades per frame, I let myself exceed that substantially today, mostly just throwing money at turns that would not be easily defined... Be back to tomorrow, fresh and ready....
Thur Apr 17 Trades & Journal
20140417
Short 2 TF 1127.6, 1127.8, -0.5, +0.5
Short 1 TF 1127.4, +1.7
Long 2 TF 1125.1, 1124.9, -0.0, -0.0
Short 1 TF 1123.8, +1.3
Long 2 YM 16305, 16301 +20, +10
Short 1 TF 1126.5, +2.0
Short 1 TF 1127.4, -0.4
Long 1 TF 1127.8, +1.2
Short 2 TF 1136.1 1134.6, +2.0, +0.5
Total YM +30
Total TF +8.3
Sometimes just leaving the default stp-loss levels in place when a position is entered too early is the only way survive a losing position. Today that saved me as I could see where I should have gotten in just moments after being filled as the position immediately went again me, but held well at a critical support level. At such junctures, just getting back to b/e is often the best strategy. In this case, I had plenty of time to pick up an additional contract at the better level and make something on the trade anyway, but I balked and opted to just back out at b/e. The pre-News YM purchase was text book today, as per plan, when the Philly Fed hit with further premium at the announcement. And today, I took 2 breakout plays and had no trouble taking them, as I have struggled to do so against trepidation so much in previous days. Neither were big winners, and both taken as mere 1-lots, but at least I was in the game. The only thing I can say that might help to explain my sudden ability to pull those triggers was that I simply forgot how much angst I feel towards them, and acted automatically as if I had never been suffering trepidation at all. Go figure. Want to wish all a Blessed Passover, Good Friday and Happy Easter....
Short 2 TF 1127.6, 1127.8, -0.5, +0.5
Short 1 TF 1127.4, +1.7
Long 2 TF 1125.1, 1124.9, -0.0, -0.0
Short 1 TF 1123.8, +1.3
Long 2 YM 16305, 16301 +20, +10
Short 1 TF 1126.5, +2.0
Short 1 TF 1127.4, -0.4
Long 1 TF 1127.8, +1.2
Short 2 TF 1136.1 1134.6, +2.0, +0.5
Total YM +30
Total TF +8.3
Sometimes just leaving the default stp-loss levels in place when a position is entered too early is the only way survive a losing position. Today that saved me as I could see where I should have gotten in just moments after being filled as the position immediately went again me, but held well at a critical support level. At such junctures, just getting back to b/e is often the best strategy. In this case, I had plenty of time to pick up an additional contract at the better level and make something on the trade anyway, but I balked and opted to just back out at b/e. The pre-News YM purchase was text book today, as per plan, when the Philly Fed hit with further premium at the announcement. And today, I took 2 breakout plays and had no trouble taking them, as I have struggled to do so against trepidation so much in previous days. Neither were big winners, and both taken as mere 1-lots, but at least I was in the game. The only thing I can say that might help to explain my sudden ability to pull those triggers was that I simply forgot how much angst I feel towards them, and acted automatically as if I had never been suffering trepidation at all. Go figure. Want to wish all a Blessed Passover, Good Friday and Happy Easter....
Wed Apr 16 Trades & Journal
Trade Summary
20140416
Short 1 NQ 3506.25, +4.0
Short 2 NQ 3505.25, 3505.0, +2.0, +6.0
Long 2 NQ 3502.5, 3502.5, +2.0, +8.0
Total NQ +22.0
Sometimes a coffee break can cost you a lot of money. Just around 11am when a lesson session due to start, the called for Trade Model finally appeared in the TF, but I was away from the screen. The NQ, however, did offer a number of winning trades, so sticking to the plan was at least that good. Stay focused. You can't get every trade, and life goes on when trades are missed. Just try your best to take those that are part of your Trade Plan when they appear in the frame their description belongs to.
20140416
Short 1 NQ 3506.25, +4.0
Short 2 NQ 3505.25, 3505.0, +2.0, +6.0
Long 2 NQ 3502.5, 3502.5, +2.0, +8.0
Total NQ +22.0
Sometimes a coffee break can cost you a lot of money. Just around 11am when a lesson session due to start, the called for Trade Model finally appeared in the TF, but I was away from the screen. The NQ, however, did offer a number of winning trades, so sticking to the plan was at least that good. Stay focused. You can't get every trade, and life goes on when trades are missed. Just try your best to take those that are part of your Trade Plan when they appear in the frame their description belongs to.
Tues Apr 15 Trades & Journal
20140415
Short 1 TF 1118.6, +1.5
Short 1 YM 16177, -7
Short 2 YM 16185, 16187, -3, -5
Short 1 TF 1120.9, -0.4
Short 2 TF 1121.3, 1121.1, +0.7, +1.0
Long 1 TF 1117.3, -0.5
Long 2 NQ 3479.75, 3479.5, -1.0, +2.0
Long 2 TF 1113.7, 1113.7, -0.7, -0.7
Long 5 NQ 3465.0, 3465.0, 3465.0, 3465.0, 3466.5, +2.0, +4.0, +5.0, -1.0, +3.0
Long 2 TF 1102.5, 1102.5, +1.0, +3.0
Long 1 TF 1103.3, -0.7
Long 1 NQ 3438.5, -2.0
Long 1 TF 1198.6, +4.0
Total YM -15
Total NQ +12.0
Total TF +8.2
Big swings can be bigger profits, and even a default target of +4 can leave a lot on the table on a day like this, but I showed no patience at the top at all. One large profit at the end came slightly out of Plan, when the full extension of the TF move down failed to materialize. Cheating the Trade Plan when models are incomplete....and then being rewarded for it, will almost always have its comeuppance if other such 'intuition' type leaks get through the iron laws of the Trade Plan. In this case, I rationalized the position with a tight stop-loss just beyond tick bar support, on a retest. I only deserved half the day I actually had... and just to show me the value of true patience, the whole Trade Entry Model appeared some 10 minutes later and went twice the distance than the trade I actually took. Stick with your plan. The best rewards come from consistency, not the occasional lucky strike.
Short 1 TF 1118.6, +1.5
Short 1 YM 16177, -7
Short 2 YM 16185, 16187, -3, -5
Short 1 TF 1120.9, -0.4
Short 2 TF 1121.3, 1121.1, +0.7, +1.0
Long 1 TF 1117.3, -0.5
Long 2 NQ 3479.75, 3479.5, -1.0, +2.0
Long 2 TF 1113.7, 1113.7, -0.7, -0.7
Long 5 NQ 3465.0, 3465.0, 3465.0, 3465.0, 3466.5, +2.0, +4.0, +5.0, -1.0, +3.0
Long 2 TF 1102.5, 1102.5, +1.0, +3.0
Long 1 TF 1103.3, -0.7
Long 1 NQ 3438.5, -2.0
Long 1 TF 1198.6, +4.0
Total YM -15
Total NQ +12.0
Total TF +8.2
Big swings can be bigger profits, and even a default target of +4 can leave a lot on the table on a day like this, but I showed no patience at the top at all. One large profit at the end came slightly out of Plan, when the full extension of the TF move down failed to materialize. Cheating the Trade Plan when models are incomplete....and then being rewarded for it, will almost always have its comeuppance if other such 'intuition' type leaks get through the iron laws of the Trade Plan. In this case, I rationalized the position with a tight stop-loss just beyond tick bar support, on a retest. I only deserved half the day I actually had... and just to show me the value of true patience, the whole Trade Entry Model appeared some 10 minutes later and went twice the distance than the trade I actually took. Stick with your plan. The best rewards come from consistency, not the occasional lucky strike.
Mon Apr 14 Trades & Journal
20140414
Long 1 TF 1115.2, -0.5
Short 1 NQ 3451.75, +5.0
Short 2 TF 1112.9, 1113.0, +2.0, +1.5
Short 1 TF 1115.1, -0.5,
Short 3 TF 1116.1, 1116.1, 1116.2, +1.0, +0.7, +1.3
Short 1 TF 1116.2, -0.9
Short 4 TF 1117.0, 1117.0, 1117.1, 1117.4, -0.7, -0.0, -0.2, -0.2
Short 3 TF 1122.6, 1122.7 1122.8, -0.7, +0.7, -0.5
Short 4 TF 1123.5, 1123.6, 1123.3, 1123.4, , +0.7, -0.0, +1.0, +1.2
Long 1 TF 1121.3, -0.5
Long 1 TF 1121.1, -0.5
Long 1 TF 1120.8, -0.5
Long 1 TF 1120.1, -0.5
Long 1 TF 1120.1, -0.2
Total NQ +5.0
Total TF +3.7
The degree to which a particular improvement in trading was difficult during attempts at mastery might be the degree to which it will be difficult to recover from the success of it once initially achieved. ...at least so it seemed today with a successful inflection breakdown trigger entered in both the NQ and TF on the first leg down. Why difficult to recover from....? Because the short, once entered, needed to be managed for the buy signals that followed on its heals so quickly as to make the trade a true Turn-n-Reverse. Without having taken that breakdown short, I would have been well prepared to buy the NQ near this morning's Low-of-Day at a Trade Entry Model I am already well practiced in and unlikely to have missed. So if I've now conquered my anxiety and bad habit of balking at that particular formation of breakout trigger and am ready to execute it more consistently, it now seems that I must not forget that the other more established Trade Entry Model might appear on occasion potentially so close upon its heels of the newer one as to inhibit the execution of the already-well-rehearsed Model back in the other direction. But it gets worse... Having made a profit on a breakout play I have balked at so many times in the past, I was left with the glow of glory and even the residual trend prejudice associated with it to such a degree that over eagerness to get back into that same trend stuck with me on the way back up, well into a place where I should have recognized the conditions of WorkDone for the bear trend at the LOD, and shifted to Trade Models appropriate for the day's budding 2nd Trend bull. Today I was not ready. Don't let the profits from the previous trend inflict you with prejudice as to favoritism of that trend past the signals of its completion. Let the feelings of glory be a warning, an alarm bell in your head. To paraphrase a word of wisdom, glory comes just before the fall.
Long 1 TF 1115.2, -0.5
Short 1 NQ 3451.75, +5.0
Short 2 TF 1112.9, 1113.0, +2.0, +1.5
Short 1 TF 1115.1, -0.5,
Short 3 TF 1116.1, 1116.1, 1116.2, +1.0, +0.7, +1.3
Short 1 TF 1116.2, -0.9
Short 4 TF 1117.0, 1117.0, 1117.1, 1117.4, -0.7, -0.0, -0.2, -0.2
Short 3 TF 1122.6, 1122.7 1122.8, -0.7, +0.7, -0.5
Short 4 TF 1123.5, 1123.6, 1123.3, 1123.4, , +0.7, -0.0, +1.0, +1.2
Long 1 TF 1121.3, -0.5
Long 1 TF 1121.1, -0.5
Long 1 TF 1120.8, -0.5
Long 1 TF 1120.1, -0.5
Long 1 TF 1120.1, -0.2
Total NQ +5.0
Total TF +3.7
The degree to which a particular improvement in trading was difficult during attempts at mastery might be the degree to which it will be difficult to recover from the success of it once initially achieved. ...at least so it seemed today with a successful inflection breakdown trigger entered in both the NQ and TF on the first leg down. Why difficult to recover from....? Because the short, once entered, needed to be managed for the buy signals that followed on its heals so quickly as to make the trade a true Turn-n-Reverse. Without having taken that breakdown short, I would have been well prepared to buy the NQ near this morning's Low-of-Day at a Trade Entry Model I am already well practiced in and unlikely to have missed. So if I've now conquered my anxiety and bad habit of balking at that particular formation of breakout trigger and am ready to execute it more consistently, it now seems that I must not forget that the other more established Trade Entry Model might appear on occasion potentially so close upon its heels of the newer one as to inhibit the execution of the already-well-rehearsed Model back in the other direction. But it gets worse... Having made a profit on a breakout play I have balked at so many times in the past, I was left with the glow of glory and even the residual trend prejudice associated with it to such a degree that over eagerness to get back into that same trend stuck with me on the way back up, well into a place where I should have recognized the conditions of WorkDone for the bear trend at the LOD, and shifted to Trade Models appropriate for the day's budding 2nd Trend bull. Today I was not ready. Don't let the profits from the previous trend inflict you with prejudice as to favoritism of that trend past the signals of its completion. Let the feelings of glory be a warning, an alarm bell in your head. To paraphrase a word of wisdom, glory comes just before the fall.
Fri Apr 11 Trades & Journal
Trade Summary
20140411
Short 1 TF 1112.2, -0.7
Long 1 TF 1114.4, -0.0
Short 2 NQ 3482.75, 3482.0, +5.0, +2.0
Long 2 YM 16018, 16014, -8, +7
Long 3 NQ 3663.5, 3663.5, 3664.5, -2.0, +2.0, +2.0
Long 3 TF 1115.9, 1115.9, 1115.7, -0.7, +0.7, +1.0
Long 2 NQ 3648.75, 3639.5, +5.0, +2.0
Long 1 YM 16989, -7
Long 1 TF 1113.3, +4.0
Total YM -8
Total NQ +16.0
Total TF +4.3
The change in character of the price action from day to day can be disturbing when trying to hold onto trades. Down in the lower frames of tick charts where positions are initially taken, a whiplash action can push one to the point of exiting trades too soon, or even getting stp'd out just on volatility whips alone. But the market will fulfill its appointed wave structure regardless of how sloppy the turns and climaxes are. Some stp-loss distance changes might be considered, but more importantly, if the trade model was valid, just stay with the position, regardless of how whippy the action seems to be. Let the pattern and the model play itself out. Things will eventually settle down as you yourself will. That is the opposite of what I did on an early long from an ORB Breakout Model entry this morning. I let the whippy action push me out of the best trade having been discouraged by the whiplash action of a poor one. Stay focused. If the trade if valid, give it the prescribed stp-loss risk it deserves. Take a couple of breaths, and just see it through. ...and a good weekend to all....
20140411
Short 1 TF 1112.2, -0.7
Long 1 TF 1114.4, -0.0
Short 2 NQ 3482.75, 3482.0, +5.0, +2.0
Long 2 YM 16018, 16014, -8, +7
Long 3 NQ 3663.5, 3663.5, 3664.5, -2.0, +2.0, +2.0
Long 3 TF 1115.9, 1115.9, 1115.7, -0.7, +0.7, +1.0
Long 2 NQ 3648.75, 3639.5, +5.0, +2.0
Long 1 YM 16989, -7
Long 1 TF 1113.3, +4.0
Total YM -8
Total NQ +16.0
Total TF +4.3
The change in character of the price action from day to day can be disturbing when trying to hold onto trades. Down in the lower frames of tick charts where positions are initially taken, a whiplash action can push one to the point of exiting trades too soon, or even getting stp'd out just on volatility whips alone. But the market will fulfill its appointed wave structure regardless of how sloppy the turns and climaxes are. Some stp-loss distance changes might be considered, but more importantly, if the trade model was valid, just stay with the position, regardless of how whippy the action seems to be. Let the pattern and the model play itself out. Things will eventually settle down as you yourself will. That is the opposite of what I did on an early long from an ORB Breakout Model entry this morning. I let the whippy action push me out of the best trade having been discouraged by the whiplash action of a poor one. Stay focused. If the trade if valid, give it the prescribed stp-loss risk it deserves. Take a couple of breaths, and just see it through. ...and a good weekend to all....
Thurs Apr 10 Trades & Journal
20140410
Short 1 TF 1153.3, +2.0
Short 2 TF 1153.7, 1153.9, +2.0, +0.5
Long 1 TF 1147.6, +1.2
Long 1 TF 1146.8, +4.0
Total TF +9.7
Early swings were textbook for our methods, as almost never find such turns without some stop-outs. One exit actually seemed to have our name on it. But one can never get cocky, or ever let a winning streak lead you to the ugly illusion you can know where the market is going. Most of the money that is lost in the markets is lost by traders who suffer from that delusion. Don't suffer from such delusions. Stay focused, trade the Plan, and accept your stp-outs as part of the business of trading.
Short 1 TF 1153.3, +2.0
Short 2 TF 1153.7, 1153.9, +2.0, +0.5
Long 1 TF 1147.6, +1.2
Long 1 TF 1146.8, +4.0
Total TF +9.7
Early swings were textbook for our methods, as almost never find such turns without some stop-outs. One exit actually seemed to have our name on it. But one can never get cocky, or ever let a winning streak lead you to the ugly illusion you can know where the market is going. Most of the money that is lost in the markets is lost by traders who suffer from that delusion. Don't suffer from such delusions. Stay focused, trade the Plan, and accept your stp-outs as part of the business of trading.
Wed Apr 9 Trade Summary
20140409
Short 1 TF 1144.7, +1.2
Short 1 TF 1146.3, -0.0
Short 1 TF 1146.2, +1.7
Long 2 YM 16221, 16221, -6, -3
Long 1 TF 1143.3, +1.2
Long 1 TF 1143.0, -0.6
Long 2 YM 16203, 16203, +10, +20
Total YM +21
Total TF +3.5
Short 1 TF 1144.7, +1.2
Short 1 TF 1146.3, -0.0
Short 1 TF 1146.2, +1.7
Long 2 YM 16221, 16221, -6, -3
Long 1 TF 1143.3, +1.2
Long 1 TF 1143.0, -0.6
Long 2 YM 16203, 16203, +10, +20
Total YM +21
Total TF +3.5
Tues Apr 8 Trades & Journal
20140408
Long 1 YM 16150, -7
Long 1 YM 16142, -7
Long 2 YM 16129, +10, +25
Long 1 TF 1132.4, -0.5
Long 2 TF 1132.4, 1132.2, +1.0, +2.0
Short 1 NQ 3515.5, +4.0
Long 1 TF 1131.9. -0.7
Long 3 TF 1128.6, 1128.1, 1127.6, -1.4, -0.7, -0.5
Long 4 TF 1127.5, 1127.6, 1127.4, +1.0, +0.7, -1.0, -0.7
Long 3 TF 1127.0, 1127.1, 1127.3, +1.0, +2.0, +4.0
Short 1 TF 1133.0, -0.4
Short 1 TF 1134.5, +1.5
Total NQ +4.0
Total YM +21
Total TF +7.3
Previous two days were Persistent Trend Days Down in the TF, a fairly rare bird... and a 3rd is even rarer, so with that as background it was important to get aggressive at the Globex Low, but even that didn't prepare you for the extra volatility. But if your stp's are hit while the entry model is still valid, then re-entry just as the initial position, only more likely to succeed. Sometimes trading is trend of mental persistence. And today, I correctly managed to trail at least one important position, unlike yesterday, where my errors were exiting too soon. However, two short signals were missed to capture some of the early plunge. The first didn't meat an entry target, but was close enough to have risked at least 1 contract. The 2nd was a bit more subtle, called a Double Pump Substitute Sequent Inflection. I make note of that one for further consideration in my trade plan. But on days of lower volatility than this, that one, because it's a breakout play, often leads only to chop. Stay focused. Be resilient. Follow the Trade Plan.
Long 1 YM 16150, -7
Long 1 YM 16142, -7
Long 2 YM 16129, +10, +25
Long 1 TF 1132.4, -0.5
Long 2 TF 1132.4, 1132.2, +1.0, +2.0
Short 1 NQ 3515.5, +4.0
Long 1 TF 1131.9. -0.7
Long 3 TF 1128.6, 1128.1, 1127.6, -1.4, -0.7, -0.5
Long 4 TF 1127.5, 1127.6, 1127.4, +1.0, +0.7, -1.0, -0.7
Long 3 TF 1127.0, 1127.1, 1127.3, +1.0, +2.0, +4.0
Short 1 TF 1133.0, -0.4
Short 1 TF 1134.5, +1.5
Total NQ +4.0
Total YM +21
Total TF +7.3
Previous two days were Persistent Trend Days Down in the TF, a fairly rare bird... and a 3rd is even rarer, so with that as background it was important to get aggressive at the Globex Low, but even that didn't prepare you for the extra volatility. But if your stp's are hit while the entry model is still valid, then re-entry just as the initial position, only more likely to succeed. Sometimes trading is trend of mental persistence. And today, I correctly managed to trail at least one important position, unlike yesterday, where my errors were exiting too soon. However, two short signals were missed to capture some of the early plunge. The first didn't meat an entry target, but was close enough to have risked at least 1 contract. The 2nd was a bit more subtle, called a Double Pump Substitute Sequent Inflection. I make note of that one for further consideration in my trade plan. But on days of lower volatility than this, that one, because it's a breakout play, often leads only to chop. Stay focused. Be resilient. Follow the Trade Plan.
Mon Apr 7 Trades & Journal
20140407
Short 1 TF 1139.4, +1.7
Short 1 TF 1139.4, -0.4
short 2 TF 1141.8, 1142.3, -0.0, -1.4
Short 4 TF 1145.5 1145.5, 1145.2, 1145.4, +1.0, +2.0, +0.5, +0.7
Long 2 TF 1139.90, 1139.8, +2.0, +0.7
Total TF +6.8
When the swings are this big, there is a need to just take a deep breath before entering on a signal. The size of the thrusts can be surprising. But this cut's both ways. The bigger error today was not getting in short too early, but getting out too soon, once the correct support / resistance areas were identified. Stay focused. There are most days like this no doubt ahead.
Short 1 TF 1139.4, +1.7
Short 1 TF 1139.4, -0.4
short 2 TF 1141.8, 1142.3, -0.0, -1.4
Short 4 TF 1145.5 1145.5, 1145.2, 1145.4, +1.0, +2.0, +0.5, +0.7
Long 2 TF 1139.90, 1139.8, +2.0, +0.7
Total TF +6.8
When the swings are this big, there is a need to just take a deep breath before entering on a signal. The size of the thrusts can be surprising. But this cut's both ways. The bigger error today was not getting in short too early, but getting out too soon, once the correct support / resistance areas were identified. Stay focused. There are most days like this no doubt ahead.
Fri Apr 4 Trades & Summary
20140404
Long 2 TF 1178.4, 1178.4, -0.5, -0.5
Long 3 TF 1177.0, 1177.0, 1177.4, +1.0, +1.0, +1.3
Long 2 YM 16500, 16498, +20, +7
Short 2 NQ 3622.25, 3622.0, -2.0, -2.0
Short 2 TF 1183.2, 1183.1, -0.7, -0.7
Short 3 TF 1183.4, 1183.4, 1183.4, +0.7, +0.7, +1.7
Long 1 TF 1178.7, +2.0
Total YM +27
Total NQ -4.0
Total TF +6.0
Added volatility can make positioning more difficult, to say nothing of the extra trepidation that comes with wondering if something bigger is going on behind the scenes that you might be unaware of and should fear. There is seldom anything bigger going on behind the scenes that you are unaware of, although the talking heads on the financial news programs will be scurrying around the AP wire looking to justify their jobs. Just trade what's in front of you as it appears at the right edge of your video screen. And if the extra volatility stops your positions out, but the Trade Entry Model is actually just the same as it was, then the trade is just as valid re entered as it was stp'd out. Get back in the game. Stay focused on the Plan. Everything you do as a trader is in it. The Trade Plan gives the Trader the voice. There is no other to listen to. Be the Trader. Be the Trade Plan. The two are inseparable.
Long 2 TF 1178.4, 1178.4, -0.5, -0.5
Long 3 TF 1177.0, 1177.0, 1177.4, +1.0, +1.0, +1.3
Long 2 YM 16500, 16498, +20, +7
Short 2 NQ 3622.25, 3622.0, -2.0, -2.0
Short 2 TF 1183.2, 1183.1, -0.7, -0.7
Short 3 TF 1183.4, 1183.4, 1183.4, +0.7, +0.7, +1.7
Long 1 TF 1178.7, +2.0
Total YM +27
Total NQ -4.0
Total TF +6.0
Added volatility can make positioning more difficult, to say nothing of the extra trepidation that comes with wondering if something bigger is going on behind the scenes that you might be unaware of and should fear. There is seldom anything bigger going on behind the scenes that you are unaware of, although the talking heads on the financial news programs will be scurrying around the AP wire looking to justify their jobs. Just trade what's in front of you as it appears at the right edge of your video screen. And if the extra volatility stops your positions out, but the Trade Entry Model is actually just the same as it was, then the trade is just as valid re entered as it was stp'd out. Get back in the game. Stay focused on the Plan. Everything you do as a trader is in it. The Trade Plan gives the Trader the voice. There is no other to listen to. Be the Trader. Be the Trade Plan. The two are inseparable.
Thur Apr 3 Trades & Journal
20140403
Short 1 YM 16526, +14
Short 1 NQ 3667.25, +3.5
Short 1 YM 16515, -7
Short 1 YM 16523, +12
Long 2 TF 1186.7, 1186.8, +0.5, -0.5
Short 1 TF 1186.3, -0.3
Long 1 TF 1185.5, -0.5
Long 2 TF 1183.7, 1183.5, -0.7, -0.5
Long 3 TF 1183.3, 1183.3, 1183.3, +0.7, -0.5, -0.5
Long 1 TF 1178.4, -0.5
PM Trades:
Short 1 NQ 3631.5, -1.0
Short 2 TF 1179.0, 1179.4, +0.4, +2.0
Total YM +19
Total NQ +2.5
Total TF -0.4
With most of the opportunity coming in just one steep trending move, any mistake means that move has been missed. Although I did find some short entries early on, the short at the top of the TF decline was stp-out. Then a critical short re entry opp caught me by surprise as a stp-n-rev trigger which I was not ready to position for. On days that challenge, keep your losses small. A Persistent Trend Day signal usually offers at least one or two good reactions that serve as entry opportunities to the prevailing trend. And if you managed to keep 1st Frame losses small, you'll have remaining firepower to look for that opportunity later in the day. Stay focused.
PM Addendum: Persistent Trend Days usually have at least one return to dynamic support/resistance level before returning to the prevailing trend. Although this one far from textbook perfect, did allow me to clean up AM losses. As a learning exercise to the day, will rehearse the Double Pump Breakdown trigger missed on the way down during the AM plummet, and consider weakening or eliminating the filter of oversold momentum that kept me out of that trade. Even with a little room left on the momentum altimeter, a good deal of price distance can still be accomplished. Believe being more aggressive with that particular breakout play would improve my p&l and relieve much of the mental strain from missing entirely such beautiful impulse moves as that witnessed this morning.
Short 1 YM 16526, +14
Short 1 NQ 3667.25, +3.5
Short 1 YM 16515, -7
Short 1 YM 16523, +12
Long 2 TF 1186.7, 1186.8, +0.5, -0.5
Short 1 TF 1186.3, -0.3
Long 1 TF 1185.5, -0.5
Long 2 TF 1183.7, 1183.5, -0.7, -0.5
Long 3 TF 1183.3, 1183.3, 1183.3, +0.7, -0.5, -0.5
Long 1 TF 1178.4, -0.5
PM Trades:
Short 1 NQ 3631.5, -1.0
Short 2 TF 1179.0, 1179.4, +0.4, +2.0
Total YM +19
Total NQ +2.5
Total TF -0.4
With most of the opportunity coming in just one steep trending move, any mistake means that move has been missed. Although I did find some short entries early on, the short at the top of the TF decline was stp-out. Then a critical short re entry opp caught me by surprise as a stp-n-rev trigger which I was not ready to position for. On days that challenge, keep your losses small. A Persistent Trend Day signal usually offers at least one or two good reactions that serve as entry opportunities to the prevailing trend. And if you managed to keep 1st Frame losses small, you'll have remaining firepower to look for that opportunity later in the day. Stay focused.
PM Addendum: Persistent Trend Days usually have at least one return to dynamic support/resistance level before returning to the prevailing trend. Although this one far from textbook perfect, did allow me to clean up AM losses. As a learning exercise to the day, will rehearse the Double Pump Breakdown trigger missed on the way down during the AM plummet, and consider weakening or eliminating the filter of oversold momentum that kept me out of that trade. Even with a little room left on the momentum altimeter, a good deal of price distance can still be accomplished. Believe being more aggressive with that particular breakout play would improve my p&l and relieve much of the mental strain from missing entirely such beautiful impulse moves as that witnessed this morning.
Wed Apr 2 Trades & Journal
20140402
Short 1 TF 1186.6, +1.2
Short 1 TF 1186.6, +1.0
Short 3 YM 16459, 16463, 16463, -7, +7, +5
Short 1 ES 1879.50, +2.0
Long 1 NQ 3652.0, -0
Long 2 NQ 3646.0, 3646.0, +2.0, -1.0
Long 1 NQ 3636.5, +4.0
Short 1 TF 1186.7, -0.1
Total YM +5
Total NQ +5.0
Total ES +2.0
Total TF +2.1
Some days are better for trading than others.... or should I more fairly say that some days have price/pattern action that betters matches one's Trade Entry Models than other days. But even in this comparative sloppy action, sticking to the Trade Plan did find a few kernels of corn at decent entry levels. Have a plan. Trade that plan only. Accept the outcome.
Short 1 TF 1186.6, +1.2
Short 1 TF 1186.6, +1.0
Short 3 YM 16459, 16463, 16463, -7, +7, +5
Short 1 ES 1879.50, +2.0
Long 1 NQ 3652.0, -0
Long 2 NQ 3646.0, 3646.0, +2.0, -1.0
Long 1 NQ 3636.5, +4.0
Short 1 TF 1186.7, -0.1
Total YM +5
Total NQ +5.0
Total ES +2.0
Total TF +2.1
Some days are better for trading than others.... or should I more fairly say that some days have price/pattern action that betters matches one's Trade Entry Models than other days. But even in this comparative sloppy action, sticking to the Trade Plan did find a few kernels of corn at decent entry levels. Have a plan. Trade that plan only. Accept the outcome.
Tues Apr 1 Trades & Journal
20140401
Short 2 NQ 3628.5, 3628.0, +2.0, -0.75
Short 1 YM 16464, -7
Short 1 NQ 3629.25, -2.0
Short 1 NQ 3630.75, -1.0
Short 2 YM 16468, 16468, -6, -6
Short 2 TF 1179.8, 1179.8, +0.7, -0.2
Long 4 YM 16468, 16464, 16462, 16466 -0, +7, -3, +7
Long 2 YM 16459, 16460, -3, +7
Long 2 TF 1178.5, 1177.7, -0, -0.5
Long 2 TF 1176.7, 1176.6, -0.2, +0.7
Long 1 TF 1176.7, +1.1
Long 1 TF 1176.1, -0.5
Long 4 TF 1175.7, 1176.0, 1175.7, 1175.6, -0.3, -0.5, +0.7, -0.3
Long 1 TF 1175.5, -0.5
Long 2 TF 1175.2, 1175.3, +1.6, +0.5
Long 1 TF 1174.4, -0
Long 1 YM 16418, +10
Long 1 TF 1174.2, +1.0
Total NQ -1.75
Total YM +6
Total TF +3.3
Sometimes price and pattern action fit trade entry models, and sometimes, not so much. Today was hard work, with very little production at the turns.... at least the ones I was in. Longs at the Noon Hour Time Marker helped a bit, but keeping up this kind of focus straight through from 9:30 to Noon is wearing, to be sure. Glad to know the market doesn't usually need that much of the day to produce sufficient trading volatility on most days of the month. Tomorrow's another day. Stay disciplined.
Short 2 NQ 3628.5, 3628.0, +2.0, -0.75
Short 1 YM 16464, -7
Short 1 NQ 3629.25, -2.0
Short 1 NQ 3630.75, -1.0
Short 2 YM 16468, 16468, -6, -6
Short 2 TF 1179.8, 1179.8, +0.7, -0.2
Long 4 YM 16468, 16464, 16462, 16466 -0, +7, -3, +7
Long 2 YM 16459, 16460, -3, +7
Long 2 TF 1178.5, 1177.7, -0, -0.5
Long 2 TF 1176.7, 1176.6, -0.2, +0.7
Long 1 TF 1176.7, +1.1
Long 1 TF 1176.1, -0.5
Long 4 TF 1175.7, 1176.0, 1175.7, 1175.6, -0.3, -0.5, +0.7, -0.3
Long 1 TF 1175.5, -0.5
Long 2 TF 1175.2, 1175.3, +1.6, +0.5
Long 1 TF 1174.4, -0
Long 1 YM 16418, +10
Long 1 TF 1174.2, +1.0
Total NQ -1.75
Total YM +6
Total TF +3.3
Sometimes price and pattern action fit trade entry models, and sometimes, not so much. Today was hard work, with very little production at the turns.... at least the ones I was in. Longs at the Noon Hour Time Marker helped a bit, but keeping up this kind of focus straight through from 9:30 to Noon is wearing, to be sure. Glad to know the market doesn't usually need that much of the day to produce sufficient trading volatility on most days of the month. Tomorrow's another day. Stay disciplined.
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