20140925
Long 2 YM 17056, 17057, -6, -7
Long 3 TF 1114.2, 1114.2, 1114.0, -0.7, -1.0, +0.7
Long 3 NQ 4048.0, 4048.0, 4048.0, +2.0, -2.0, -2.0
Long 3 YM 17009, 17009, 17011, +7, -5, -6
Long 3 TF 1111.3, 1111.3, +0.7, -0.7
Long 3 TF 1110.3, 1110.3, 1110.5, +0.7, -0.7, -0.7
Long 3 YM 16998, 16998, 16999, -0, -0, -10
Long 2 TF 1108.2, 1108.2, 1108.4, +0.7, -0.7, -0.5
Long 2 NQ 4025.25, 4025.25, -2.0, -2.0
Long 2 ES 1968.25, 1968.25, +2.0, -0.25
Long 2 TF 1101.6, 1101.6, +1.5, -0.0
Long 3 TF 1101.8, 1102.0, 1101.8, -0.2, +0.7, +1.4
Long 1 TF 1101.8, -0.5,
Long 1 TF 1101.7, -1.0
Short 1 TF 1106.4, -0.7
Short 1 ES 1967.75, +4.0
Short 2 TF 1107.3, 1107.1, +1.1, +1.5
Total YM -27
Total NQ -6.0
Total ES +5.75
Total TF +2.5
Taking partial off to pay for the trade is key to survival when trading against support levels in a falling market, especially when finding a bounce to short into doesn't show up til the noon hour. Today, however, I added back the 2nd unit after partially out, so confident from yesterday's bullish action that today's early plunge was just a short term set back, and that made most of those otherwise break-even trades into losers, as the bounces from support levels simply failed to materialize. Several YM and NQ positions didn't even afford a big enough bounce to partial out. Since days like this are the exception rather than the rule, it is important not to make them stand out in your P&L as big holes in your week or in your month. If your Trade Plan depends on bigger intraday swings to profit from, then you only have to keep it together on such vertical days until the larger swing days return, as they far outnumber the vertical bull or bear 1st Frames. Stay cool. Stay focused.
I did, however, again miss an important breakdown inflection level that would have put me into the early collapsing trend way ahead of any attempts at counter-trend trading it. And to my added frustration, was exactly the entry model I have castigated myself over missing several times just recently on other such days. Personal change is difficult. I have started a screen capture catalog of examples of this entry model in an effort to refine the filter and give the Trader in me the skill to recognize the model and the confidence necessary to execute. The Analyst has long been pointing it out. The Account remains in doubt, and the Trader, a bit slow on the take to be sure, needs more rehearsal before successful implementation can be expected. Get busy.
