20140626
Short 1 TF +1.2
Short 2 TF 1174.1, 1173.1, -1.6, -0.7
Long 2 NQ 3804.25, 3804.25, +2.0, -2.0
Long 2 YM 16710, 16712, +7, -7
Long 3 TF 1169.5, 1169.6, 1169.8, +1.5, -0.7, -0.7
Long 3 NQ 3790.5, 33790.5, 3790.5, +2, +5.0, +7.0
Short 2 ES 1939.5, 1940.25, -1.5, -0.0
Short 3 TF 1170.2, 1170.6, 1170.3, 1170.6, -0.9, +0.7, -0.8, -0.6
Short 2 NQ 3802.0, 3801.5, +2.0, +4.5
Long 1 NQ 3796.0, +5.0
Short 1 TF 1171.9, -0.6
Short 1 TF 1171.8, -0.1
Total YM, -0
Total ES -1.5
Total NQ +25.5
Total TF -3.4
There is an important point to viewing and trading more than one contract simultaneously. Not all contracts are making lows and highs and pullbacks at the same place. Thus not all sectors offer the same opportunities. On most days, the signals in the TF are more consistent and more indicative of the turns and the breakouts. Today, not so much. But retaining the other contracts within the Trade Plan prevents a myopic market view, as well as offering different levels of risk and opportunity. Sometimes it may seem that the additional concentration to other contracts only bleeds profits off from the winning trades. ...but there is no way to tell in advance which contract will offer the greater percentage of winners. Today only reminds me how important this diversification is, both in comprising the complete signal picture of the days technical events, and cushioning the losing trades with the winners of the better performer.
