20140711
Long 2 NQ 3875.75, 3875.75, -1.0, -2.0
Long 2 TF 1151.2, 1151.3, +0.7, +2.0
Short 2 TF 1155.6, 1155.7, -0.4, -0.5
Short 3 NQ 3886.25, 3886.5, 3880.0, -0.0, -2.5, +2.0
Long 1 TF 1156.2, -0.0
Long 1 TF 1155.4, -0.7
Long 1 TF 1153.0, +2.0
Total NQ -3.5
Total TF +3.1
Today's action and outcome served to remind us how important it is to participate in the right breakout plays. One cannot always rely on fades and pullbacks alone. Although both those were the thrust of today's profits, several of those a little later failed and took me back to break-even on the day. When the right breakout signal appeared, it simply triggered no reaction or adjustment in my head. I just sat there with a long that should have then become a Stp-n-Rev position. Everything about that more complex entry model was right.... except my head. Pay attention to what you are doing. Consider the possibilities like a checklist in your brain. Assume nothing. Any sign of comfort or acquiescence in a position is a sign of an impending blind spot to outcomes. Position for the outcomes when the entries are complex. The trades will take care of themselves.
