20140905
Long 3 TF 1160.5, 1160.7, 1160.0, +0.5, +0.7, +1.9
Short 2 TF 1165.8, 1165.7, -0.5, -0.6,
Short 2 TF 1166.6, 1166.5, +0.7, -0.4
Long 2 TF 1162.7, 1162.7, +0.7, -0.7
Short 1 TF 1162.4, +1.0,
Long 1 TF 1161.5, +1.0
Long 1 TF 1161.7, +0.8
Long 2 TF 1161.4, 1161.9, -0.4, +0.7
Long 1 YM 17010, +6
Short 1 TF 1159.8, +1.0
Long 1 YM 17000, +15
Long 1 TF 1158.5, -0.5
Long 1 TF 1157.9, +2.0
Total YM +21
Total TF +7.9
The important thing is seeing the trades coming in advance of their arrival. This is impossible without a well defined Trade Plan that has precise entry models. Otherwise, you are chasing trade entries after they've already arrived. Stay calm, consider the market from the point of view of 'what if', or 'if that, then this'. In that way,
you can avoid the aspect of being in a predictive mode. Let the market be what it wants. If falling further fulfills a model's criteria, then be prepared to act if it falls further. If a breakout at a prescribed level arrives with the proper filters, then set your entry stp's in advance. Stop-and-reverse plays are trickier. You must see both contingents in advance. If you have trouble doing this, as I often do, that suggests you have trouble in conceding that the market might go the expected distance, but in the OPPOSITE direction. Be careful of your trend assumptions, and remember the Douglas Premise: 'Most of the money lost in the markets is lost by traders who thought they knew which way the market was supposed to go.' ....a good weekend to all...
