20140911
Long 2 NQ 4080.75, 4080.0, +1.5, +2.0
Long 2 TF 1160.5, +0.7, +1.5
Short 2 YM 17013, 17013, -5, -5
Long 1 TF 1160.5, +1.5
Short 1 NQ 4086.5, -0.5
Short 1 TF 1163.3, -0.2
Long 2 TF 1163.8, 1163.7, -0.1, -0.0
Long 2 TF 1164.5, 1164.1, -0.0, -0.5
Long 1 NQ 4082.75, +3.0
Long 2 TF 1160.8, 1160.7, -0.5, +0.6
Long 2 ES 1986.25, 1986.25, +1.5, +1.5
Long 2 TF 1158.9, 1158.9, +0.5, -0.5
Long 2 NQ 4077.0, 4077.5, -1.0, -1.5
Short 1 TF 1166.0, -0.2
Short 2 TF 1166.7, 1166.6, +0.5, +1.1
Total ES +3.0
Total NQ +3.5
Total YM -10
Total TF +4.2
The lack of any economic reports is often a tell that the day might be choppy. It's not that fundamentals rule the trend. In fact, if anything, its just the opposite, but a lack of belief or purpose or commitment often means that short term swings among the indices are rife with divergence and bifurcation. One of the best trades today was a stp-n-rev into shorts in the NQ while going long in the TF. Instead of handling it according to plan, my NQ stp's were hit without reversing, and my TF longs were simply stopped out too tight. I got neither of those opportunities, and extended my trading to nearly the Noon hour looking for one last decent TF signal, having missed the whole 2nd TF ride back up. Some days are better for trading than others, but today, I think I'd have to simply say some days your response and decision time is better than on other days. And today was not one of my better days. Rehearse the plan mentally over every aberration your entry models can render. Be prepared to act from those established rehearsals. Be the Plan.
