Fir Aug 29 Trades & Journal

Trade Summary
20140829
Long 2 TF 1164.0, 1164.1, -0.5, -0.6
Long 3 TF 1163.7, 1163.7, 1163.8, +0.7, +0.7, +1.6
Long 2 NQ 4068.5, 4068.75, -2.0, -2.0
Long 2 TF 1162.8, 1162.8, +0.7, +1.8
Short 2 TF 1164.9, 1164.6, +0.8, +0.7
Short 1 TF 1164.9, -0.1
Long 2 TF 1165.4, 1165.4, -0.0, -0.7
Short 1 NQ 40.67.75, -1.0
Long 2 NQ 4068.75, 4068.75, -0.0, +5.0
Long 1 TF 1165.8, +1.4
Total NQ -0.0
Total TF +6.5

Breakouts are an important part of any Trade Plan. But choosing the right ones can be a challenge. Remember: One key question to filter the model: is the impulse before you or behind you...? Today, at least can say was in the game, but with the slow grinding 2nd trend, I punted on size and stayed small on breakout positions...to the detriment of profits. Stay with the Plan. Keep practicing with breakout models. Allow confidence to grow with the subtlety of filter refinement. ...and a good weekend to all...