20140804
Long 2 YM 16425, 16425, +5, +15
Long 1 TF 1113.5, +1.5
Short 2 YM 16450, 16450, +7, +10
Long 2 NQ 3889.5, 3889.0, -2.0, +2.0
Long 1 YM 16436, +15
Short 2 TF 1117.2, 1117.2, +0.5, +1.5
Short 1 TF 1110.7, +1.4
Long 1 YM 16417, -5
Long 1 TF 1108.5, -0.0
Short 1 TF 1107.7, -0.1
Short 1 TF 1107.4, +1.2
Total NQ -0.0
Total YM +47
Total TF +6.0
The best trades are always a combination of momentum, fractal structure and price level. Leave out any one of those, the risks increase that the trade will fail. Balk at taking multiple contract position when they all appear in confluence as signals, then risk not being able to profit from the best trades of the frame, leaving you the impulse to take other trades of lessor signal strength. Today, on a breakdown play well within the parameters of all 3 technical aspects, I took a 1-lot position when I should have taken 2. ...but at least I'll acknowledge some improvement for having taken the breakdown play in the first place, as aspect of my trading long in need of serious improvement. Stay focused on what needs to change. Note the opportunities that correspond to these changes. Take the trades until they become habits. Your fate as the Trader is built on better habits.
