20140722
Short 2 YM 17031, 17029, -4, -5
Short 2 TF 1153.0, 1153.0, +0.7, +1.5
Short 1 NQ 3951.75, -2.0
Short 3 TF 1154.0, 1153.8, 1154.2, +1.0, -0.0, +1.0
Short 1 TF 1154.6, -0.5
Short 1 YM 17062, +9
Short 2 TF 1155.5, 1155.3, -0.7, -0.0
Long 2 YM 17055, 17055, +7, -2
Long 2 YM 17043, 17043, +5, +10
Total YM +20
Total NQ -2.0
Total TF +3.0
The end of the first frame is arbitrarily defined as 11:15am ET. ....and at least that's how I've observed it all these many years. There are no bells rung on the floor, no hand signals from the pit, no announcement from the exchanges nor econ reports scheduled from the Federal Budget offices. And yet, around 11:15am, the action usually seems to change. If the day has been dull, it may finally begin to show a trend, if impulsive and volatile in the early going, it may roll-over and take a nap. It's a self-imposed limit to only trade the 1st Frame of the day, one which I established after uncovering the fractal study we named Serial Sequent. But it was not my intention to use the impending end-of-frame time to get weak about taking another trade when the day's profits were of still slightly shy of quota. That comes from an unwillingness to give up at least a modest profit in pursuit of a full daily goal. But the last signal of this frame is often one of the best on an otherwise listless day, and balking at its appearance so often lately seems to me to be now a behavior pattern and a growing bad habit. Consider the last trade of the day on its own merits. Reckon its outcome as part of the business of the day, regardless whether it diminishes a modest day, or achieves the full quota. Make the time limit more important than the dollar goal, and use the time limit to its fullest opportunity. This change might clear my head of being afraid to lose on that last trade for fear of making a mediocre day more so, and take advantage of the full frame's best opportunities until the time limit for trading has actually come to an end. Stay focused.
