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.
