Mon Sep 8 Trades & Journal

20140908
Long 1 YM 17106, +17
Short 2 TF 1173.6, 1173.8, -0.3, +0.6
Short 1 TF 1173.4, +1.0
Long 1 TF 1172.1, -0.5,
Long 2 TF 1171.5, 1171.6, -0.5, -0.6
Short 1 TF 1170.9, +1.5
Long 3 TF 1169.0, 1169.0, 1168.6, +0.5, -0.7, +0.7
Short 2 TF 1168.3, 1168.3, +0.7, +1.7
Short 2 TF 1168.2, 1168.2, -0.5, -0.2
Short 2 TF 1171.4, 1171.9, -0.0, +1.5
Total YM +17
Total TF +4.9


Took two inflection breakout trades today, exactly as prescribed by the plan, and one of them in a place was repeatedly guilty for balking. Breakouts can be an essential element to the trade plan, and today, since I had exited the shorts from the high too early, those breakdown plays were essential in staying ahead of losses and capturing the larger trend of the morning. This required some quick stp-n-rev at critical levels, and without being alert to the possibilities in advance of their arrival, such entries would not have been possible. Stay focused .... even on Mondays... especially on Mondays.