20140812
Short 2 NQ 3912.25, 3912.0, +2.0, +6.0
Short 1 TF 1139.6, +2.0
Long 2 YM 16506, 16506, +7, +15
Long 1 NQ 3900.75, -1.5
Short 1 NQ 3899.25, -2.0
Long 2 TF 1134.6, 1134.5, -0.5, +0.7
Long 1 TF 1133.6, 1133.9, +0.7, -0.7
Long 2 TF 1130.4, 1130.4, +0.7, +2.0
Total YM +22
Total NQ +4.5
Total TF +4.9
For both these past two days, I ducked an in-trend breakout because the special momentum indicator was flashing a warning level. But a warning level is not a true block to filter out the entry model as it crosses the 'tracks', it's a warning that the end-of-trend could be nearing. And when it comes to momentum, the last few readings left in the momentum indicator itself can be accompanied by the final price spike in an impulse trend that reached a climatic extreme, accounting for far more price in that final spike than perhaps would be expected by such a small final move in the momentum indicator. Thus it is how nearly parabolic moves come to an end. This is not a new aspect to trade entry model specifications. More accurately, I have used the warning aspect of the momentum indicator as an excuse to balk at taking the breakout, which is a tendency I've long wanted to control in order to participate better with these breakouts when the entry model signifies go otherwise. In other words, I use the excuse that my trade model was failing me when it was really me that was keeping my trade model vague on purpose, in order to avoid taking the breakout play. Let's wash this out. Breakouts can take some faith, granted, but overcoming the apprehension surrounding them would markedly improve my trading. Polish the plan. Acknowledge the adjustment. Be determined to act.
