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.
