20140818
Short 2 YM 16731, 16731, -5, -5
Long 3 TF 1147.5, 1147.4, 1147.3, +1.0, +0.7, +0.7,
Short 2 YM 16734, 16736, -4, -2
Short 1 YM 16761, -7
Short 2 TF 1150,3, 1150.2, +0.7, +2.0
Short 2 TF 1151.3, 1151.4, -0.4, +0.1
Short 1 TF 1151.4, -0.4
Long 1 NQ 4010.25, +4.0
Long 2 TF 1151.9, 1151.9, +0.5, +1.0
Short 1 TF 1153.0, -0.4
Short 1 TF 1155.2, +1.5
Total YM -23
Total NQ +4.0
Total TF +7.0
There is such a strong temptation to judge exits on the character of price action, as to whether its choppy or whippy, impulsive or grinding, etc. But these judgements are really just a form of tape reading and are usually misleading as to the depth of any trend or pullback. Today, I lost patience with bull breakouts and didn't therefore enjoy the full excursions long into sell signals when there was really no other compelling reason to have exited but for the slow, grinding character of the action. But I know Second Trends have hidden surprises, I just let the action spook me. Don't let the price action spook you when more meaningful signals are flashing all around you. Let your position work. Position yourself to be surprised. Be disciplined.
