20140613
Long 2 NQ 3777.5, 3778.5, +3.0, +2.0
Long 1 YM 16730, +3
Long 1 TF 1159.0, -0.2
Long 1 TF 1156.4, +1.0
Long 1 TF 1155.7, -0.5
Long 2 NQ 3762.5, 3762.25, -1.5, ,-1.25
Short 1 NQ 3758.0, -2.0
Short 2 YM 16680, 16682, -7, -10
Short 2 TF 1154.3, 1154.4, +0.7, -0.6
Short 2 YM 16693, 16697, -8, -4
Short 1 TF 1155.6, -0.6
Short 1 TF 1157.3, -0.5
Short 4 TF 1158.8, 1158.6, 1158.5, 1158.8, +1.1, +1.2, -0.5, +1.0
Long 1 TF 1155.5, -0.3
Long 2 TF 1154.6, 1154.2, +1.0, +0.5
Total YM -26
Total NQ +0.25
Total TF +3.3
The most common Day Model is Test-n-Reject. My Trade Plan looks for it everyday. But even when it shows, sometimes the action is brutal. A V-Bottom is hit or miss. Today, I missed. The 2nd trend tends to be truer, and as such, shorting it can cause multiple stp-outs. Stay cool while its getting away from you. Hold onto cash if the signals are murky. The 2nd trend ends eventually reveal themselves, and if you haven't spent too much capital trying to find, it, its much less likely to repeat a V-Top having made a V-Bottom. Far more likely, the top will then retest and form a large topping pattern, frustrating your attempts to go the other way with it, as the after-shocks of impulse energy that got it up there reverberate into some kind of complex pattern. But your brain has been incorrectly trained from the V-Bottom lows to fear missing the same kind of reversal at the other end. Don't let your brain be trained by the turn of the first trend. Remember markets tend to flip in impulse to correction, and from fast action into grind. Let your brain be trained by historical outcomes, not the emotions of misreading the most recent turn. Stay relaxed, stay focused. Let the market be what it wants. Besides, it's Friday the 13th !!
