20140922
Long 2 TF 1128.9, 1128.8, -0.5, +0.7
Long 3 TF 1127.5, 1127.5, 1127.9, +0.7, +2.0, +0.7
Long 1 NQ 4071.0, -2.0
Long 1 NQ 4069.25, +8.0
Long 2 NQ 4065.5, 4065.75, +3.0, -1.0
Long 2 TF 1126.6, 1125.6, -1.4, -0.4
Long 2 TF 1125.3, 1125.3, +1.4, +0.7
Long 1 TF 1125.4, -0.4
Long 1 YM 17143, -8
Long 1 NQ 4050.75, -2.0
Long 2 TF 1123.9, 1123.9, -0.7, -0.7
Long 2 TF 1123.3, 1123.2, -0.3, +1.2
Long 2 TF 1123.3, 1123.3, +0.7, +0.7
Total YM -8
Total NQ +6.0
Total TF +4.4
It would be better for us all if Fed Chairman would not schedule speeches for the 10am ET hour. If their info pre-released or even simultaneously released, market participation would at least be more fair. Otherwise, the comments can dribble out and extend the effects. In any case, sticking to the Trade Plan can help keep you out of trouble, but might require some wider stp's. One of the key elements to exaggerated whiplash volatility is the ability to re-enter a trade if the trade model is still intact after a whiplash event extends beyond stp's. It takes some stomach to re-enter, but observations lead me to conclude that the model will return to expected behavior with the whiplash action behind you. Stay focused. Show conviction to the Trade Entry Models in your Plan. If they don't deserve the conviction to re-enter a position after such whiplash action, they don't deserve to be included in your Trade Plan.
