20141126
Short 1 TF 1185.0, +1.3
Short 1 TF 1185.2, +1.0
Short 1 TF 1185.8, -0.6
Long 1 TF 1186.4, -0.4
Long 2 TF 1186.2, 1185.1, -1.4, -0.4
Short 2 TF 1187.6, 1187.7, -0.2, +0.5
Long 2 TF 1188.0, 1187.9, -0.4, +0.7
Long 2 TF 1186.1, 1186.1, +0.3, -0.6
Total TF -0.2
Tues Nov 25 Trade Summary
20141125
Long 1 NQ 4296.75, -2.0
Long 1 TF 1189.4, -0.7
Long 2 TF 1188.0, 1188.1, +0.7, -0.6
Long 2 NQ 4293.75, 4293.5, -2.0, +2.0
Long 2 TF 1184.2, 1184.4, +0.7, +1.4
Long 1 TF 1183.8, +1.5
Short 1 NQ 4298.0, +6.0
Short 2 YM 17784, 17784, +7, -1
Long 1 TF 1181.3, -0.4
Long 1 TF 1181.0, -0.0
Short 1 TF 1180.8, -0.4
Total YM +6
Total NQ +4.0
Total TF +2.2
Long 1 NQ 4296.75, -2.0
Long 1 TF 1189.4, -0.7
Long 2 TF 1188.0, 1188.1, +0.7, -0.6
Long 2 NQ 4293.75, 4293.5, -2.0, +2.0
Long 2 TF 1184.2, 1184.4, +0.7, +1.4
Long 1 TF 1183.8, +1.5
Short 1 NQ 4298.0, +6.0
Short 2 YM 17784, 17784, +7, -1
Long 1 TF 1181.3, -0.4
Long 1 TF 1181.0, -0.0
Short 1 TF 1180.8, -0.4
Total YM +6
Total NQ +4.0
Total TF +2.2
Mon Nov 24 Trade Summary
20141124
Long 2 TF 1177.0, 1177.1, +0.9, +1.0
Short 1 NQ 4272.0, -1.75
Short 1 TF 1180.8, +1.0
Short 2 NQ 4274.5, 4274.5, -1.0, -2.25
Short 1 TF 1180.4, -0.5
Short 2 TF 1181.5, 1181.4, +1.2, +0.7
Short 1 NQ 1177.0, +4.0
Long 2 YM 17784, 11783, -5, -3
Total YM -8
Total NQ -1.0
Total TF +4.3
Long 2 TF 1177.0, 1177.1, +0.9, +1.0
Short 1 NQ 4272.0, -1.75
Short 1 TF 1180.8, +1.0
Short 2 NQ 4274.5, 4274.5, -1.0, -2.25
Short 1 TF 1180.4, -0.5
Short 2 TF 1181.5, 1181.4, +1.2, +0.7
Short 1 NQ 1177.0, +4.0
Long 2 YM 17784, 11783, -5, -3
Total YM -8
Total NQ -1.0
Total TF +4.3
Fri Nov 21 Trade Summary
Trade Summary
20141121
Long 2 TF 1179.5, 1179.7, -0.7, +0.7
Short 1 TF 1178.8, -0.7
Long 2 TF 1179.3, 1179.2, +1.6, +0.7
Short 1 TF 1181.5, +1.6
Short 1 TF 1181.5, +1.6
Total TF +4.8
20141121
Long 2 TF 1179.5, 1179.7, -0.7, +0.7
Short 1 TF 1178.8, -0.7
Long 2 TF 1179.3, 1179.2, +1.6, +0.7
Short 1 TF 1181.5, +1.6
Short 1 TF 1181.5, +1.6
Total TF +4.8
Thurs Nov 20 Trades & Journal
Trade Summary
20141120
Long 1 NQ 4209.25, -2.0
Long 1 TF 1153.1, +1.2
Short 1 ES 20405, -0.5
Long 1 TF 1155.2, +1.0
Short 1 TF 1157.4, -0.5
Short 1 TF 1157.7, -0.5
Short 2 TF 1158.2, 1158.0, +0.7, -0.2
Short 2 TF 1159.4, 1159.4 , +0.7, -0.3
Short 1 TF 1169.3, -0.6
Long 1 TF 1160.4, -0.0
Long 2 TF 1159.1, 1159.0, +0.8, +0.4
Short 1 ES 2046.75, -1.0
Short 2 TF 1162.9, 1163.2, -0.5, +0.7
Short 2 NQ 1137.25, 1137.25, +1.0, -1.0
Short 1 NQ 4240.75, -3.0
Short 2 TF 1164.4, 1164.4, 1164.8, +0.5, +0.7, +1.7
Short 2 NQ 4225.25, 4242.75, -2.0, -2.0
Short 1 TF 1164.3, -0.6
Short 1 YM 17670 +11
Short 1 TF 1164.7, +0.9
Short 2 NQ 4243.5, 4243.75, +4.0, +2.0
Total ES -1.5
Total YM +11
Total NQ -5.0
Total TF +6.1
Persistent Trend Days are the hardest of all to trade, especially when the Trend is bull and the bull is looking tired. Even though we positioned in 3 good places to capitalize on the trend, a lack of patience needed to the slow choppy advance triggered me out of trades well before they had really developed. And fades were only profitable enough to partial out with, or get the stop to near b/e. Thus, I took almost twice the number of trades my Plan limits me to for the 1st frame. Fading the NQ these days, with its daily bull persistence has proved a negative to recent days results, reducing some of the decent profits from shorting the heavier TF. But volatility swings will return. Stay focused.
20141120
Long 1 NQ 4209.25, -2.0
Long 1 TF 1153.1, +1.2
Short 1 ES 20405, -0.5
Long 1 TF 1155.2, +1.0
Short 1 TF 1157.4, -0.5
Short 1 TF 1157.7, -0.5
Short 2 TF 1158.2, 1158.0, +0.7, -0.2
Short 2 TF 1159.4, 1159.4 , +0.7, -0.3
Short 1 TF 1169.3, -0.6
Long 1 TF 1160.4, -0.0
Long 2 TF 1159.1, 1159.0, +0.8, +0.4
Short 1 ES 2046.75, -1.0
Short 2 TF 1162.9, 1163.2, -0.5, +0.7
Short 2 NQ 1137.25, 1137.25, +1.0, -1.0
Short 1 NQ 4240.75, -3.0
Short 2 TF 1164.4, 1164.4, 1164.8, +0.5, +0.7, +1.7
Short 2 NQ 4225.25, 4242.75, -2.0, -2.0
Short 1 TF 1164.3, -0.6
Short 1 YM 17670 +11
Short 1 TF 1164.7, +0.9
Short 2 NQ 4243.5, 4243.75, +4.0, +2.0
Total ES -1.5
Total YM +11
Total NQ -5.0
Total TF +6.1
Persistent Trend Days are the hardest of all to trade, especially when the Trend is bull and the bull is looking tired. Even though we positioned in 3 good places to capitalize on the trend, a lack of patience needed to the slow choppy advance triggered me out of trades well before they had really developed. And fades were only profitable enough to partial out with, or get the stop to near b/e. Thus, I took almost twice the number of trades my Plan limits me to for the 1st frame. Fading the NQ these days, with its daily bull persistence has proved a negative to recent days results, reducing some of the decent profits from shorting the heavier TF. But volatility swings will return. Stay focused.
Wed Nov 19 Trades & Journal
20141119
Long 1 YM 17611, +13
Short 1 YM 17631, -7
Short 2 TF 1161.2, 1161.5 +2.0, +1.0
Short 2 YM 17636, 17636, +7, +10
Long 3 TF 1158.2, 1158.6, 1158.3, -0.3, -0.4, -0.3
Long 2 NQ 4211.0, 4211.25, +6.5, +2.0
Long 1 TF 1158.1, +1.0
Long 1 TF 1159.1, -0.4
Long 1 TF 1152.8, +0.2
Long 1 TF 1152.5, -0.0
Long 1 TF 1152.8, -0.0
Long 1 TF 1148.9, +1.0
Long 1 TF 1150.0, +1.9
Total YM +23
Total NQ +8.5
Total TF +5.7
Market action for the day tends to 'condition' you. I repeatedly let decent trade profits go by in the early TF action today when just shy of achieving a 2 pt target, only to get stp'd out at b/e as the TF sought out lower lows. Then, when more decisive buy signal did appear, I was conditioned by my earlier mistakes and settled for the smaller profits I had ignored in earlier trades, only to watch the market continue ascending into the type of runner I had hoped to uncover earlier. Such does market action 'condition' you to eventually repeat a solution just when it no longer applies and the context has changed. And this is not a condition to which it is easily applied the euphemism "lesson learned". In the here and now, that lesson is long forgotten in the need to nail down the minimum profits wanted for the daily goal before the end of the 1st frame arrives.
Long 1 YM 17611, +13
Short 1 YM 17631, -7
Short 2 TF 1161.2, 1161.5 +2.0, +1.0
Short 2 YM 17636, 17636, +7, +10
Long 3 TF 1158.2, 1158.6, 1158.3, -0.3, -0.4, -0.3
Long 2 NQ 4211.0, 4211.25, +6.5, +2.0
Long 1 TF 1158.1, +1.0
Long 1 TF 1159.1, -0.4
Long 1 TF 1152.8, +0.2
Long 1 TF 1152.5, -0.0
Long 1 TF 1152.8, -0.0
Long 1 TF 1148.9, +1.0
Long 1 TF 1150.0, +1.9
Total YM +23
Total NQ +8.5
Total TF +5.7
Market action for the day tends to 'condition' you. I repeatedly let decent trade profits go by in the early TF action today when just shy of achieving a 2 pt target, only to get stp'd out at b/e as the TF sought out lower lows. Then, when more decisive buy signal did appear, I was conditioned by my earlier mistakes and settled for the smaller profits I had ignored in earlier trades, only to watch the market continue ascending into the type of runner I had hoped to uncover earlier. Such does market action 'condition' you to eventually repeat a solution just when it no longer applies and the context has changed. And this is not a condition to which it is easily applied the euphemism "lesson learned". In the here and now, that lesson is long forgotten in the need to nail down the minimum profits wanted for the daily goal before the end of the 1st frame arrives.
Tues Nov 18 Trade Summary
20141118
Short 1 NQ 4227.5, -3.0
Short 3 NQ 4232.5, 4232.5, 4232.0, +3.0, +3.0, -1.75
Short 2 NQ 4232.0, 4232.0, +2.0, -1.5
Short 1 YM 17647, -5
Short 1 NQ 4232.75, 4333.25, -1.5, +2.0
Short 2 NQ 4234.25, 4236.25, -3.0, -1.25
Short 3 NQ 4236.25, 4236.25, 4236.25, -1.5, -1.5, -1.5
Short 2 TF 1176.2, 1176.2, +0.8, +2.7
Long 1 TF 1172.6, -0.7
Short 1 TF 1171.8, +0.8
Long 1 YM 17638, -6
Short 2 YM 17633, +5, -5
Total YM -11
Total NQ -6.5
Total TF +3.7
Short 1 NQ 4227.5, -3.0
Short 3 NQ 4232.5, 4232.5, 4232.0, +3.0, +3.0, -1.75
Short 2 NQ 4232.0, 4232.0, +2.0, -1.5
Short 1 YM 17647, -5
Short 1 NQ 4232.75, 4333.25, -1.5, +2.0
Short 2 NQ 4234.25, 4236.25, -3.0, -1.25
Short 3 NQ 4236.25, 4236.25, 4236.25, -1.5, -1.5, -1.5
Short 2 TF 1176.2, 1176.2, +0.8, +2.7
Long 1 TF 1172.6, -0.7
Short 1 TF 1171.8, +0.8
Long 1 YM 17638, -6
Short 2 YM 17633, +5, -5
Total YM -11
Total NQ -6.5
Total TF +3.7
Mon Nov 17 Trades & Journal
20141117
Short 2 YM 17576, 17576, -0, -0
Long 1 TF 1174.3, -0.2
Short 1 YM 17594, -0
Long 1 TF 1172.4, -0.7
Short 2 TF 1171.7, 1171.8, -0.7, -0.0
Short 1 YM 17597, -0
Short 1 TF 1170.8, +2.7
Long 1 TF 1168.8, +1.1
Short 1 YM 17618, +20
Short 2 TF 1171.4, 1171.4, +0.7, +2.0
Total YM +20
Total TF +4.9
Bifurcation, or divergence, as they call it, presents a special challenge to taking positions. The best way is to just trade the contract signals as they present themselves. That was the mistake made last Thursday which left me unprepared to capture the 1st frame bear breakdown. Today, that breakdown did not come so cleanly, but it did arrive with both sell signals in the ES and YM at their highs just as the TF was triggering an breakdown play into new lows for the day. This requires you to fade the highs, while playing a stp-n-rev TF breakdown level from the buy signals near the lows. Since you can't accurately predict the outcome, you must position for it, and accept the stp-out loss when re-triggering into trend. Stay focus, accept that you can't predict. Instead, position your Trade Plan as the models present themselves, and let the market be what it wants.
Short 2 YM 17576, 17576, -0, -0
Long 1 TF 1174.3, -0.2
Short 1 YM 17594, -0
Long 1 TF 1172.4, -0.7
Short 2 TF 1171.7, 1171.8, -0.7, -0.0
Short 1 YM 17597, -0
Short 1 TF 1170.8, +2.7
Long 1 TF 1168.8, +1.1
Short 1 YM 17618, +20
Short 2 TF 1171.4, 1171.4, +0.7, +2.0
Total YM +20
Total TF +4.9
Bifurcation, or divergence, as they call it, presents a special challenge to taking positions. The best way is to just trade the contract signals as they present themselves. That was the mistake made last Thursday which left me unprepared to capture the 1st frame bear breakdown. Today, that breakdown did not come so cleanly, but it did arrive with both sell signals in the ES and YM at their highs just as the TF was triggering an breakdown play into new lows for the day. This requires you to fade the highs, while playing a stp-n-rev TF breakdown level from the buy signals near the lows. Since you can't accurately predict the outcome, you must position for it, and accept the stp-out loss when re-triggering into trend. Stay focus, accept that you can't predict. Instead, position your Trade Plan as the models present themselves, and let the market be what it wants.
Fri Nov 14 Trade Summary
20141114
Short 1 NQ 4211.5, -2.0
Long 2 TF 1169.2, 1169.4, +0.7, +1.7
Short 2 NQ 4209.0, 4210.0, -1.5, +2.0
Short 2 YM 17621, 17620, +7, -9
Short 2 TF 1176.5, 1176.5, -0.0, +2.0
Long 1 NQ 4201.75, 4201.75, +2.0, -1.75
Long 2 NQ 4196.75, 4196.75, +2.0, +4.0
Total NQ +4.75
Total TF +4.4
Short 1 NQ 4211.5, -2.0
Long 2 TF 1169.2, 1169.4, +0.7, +1.7
Short 2 NQ 4209.0, 4210.0, -1.5, +2.0
Short 2 YM 17621, 17620, +7, -9
Short 2 TF 1176.5, 1176.5, -0.0, +2.0
Long 1 NQ 4201.75, 4201.75, +2.0, -1.75
Long 2 NQ 4196.75, 4196.75, +2.0, +4.0
Total NQ +4.75
Total TF +4.4
Thus Nov 13 Trades & Journal
20141112
Long 2 NQ 4204.75, 4204.75, +2.0, +3.0
Short 2 NQ 4215.25, 4215.25, -3.0, -3.0
Short 2 YM 17632, 17632, +12, +12
Long 2 TF 1185.5, 1185.7, +1.0, -0.0
Short 1 YM 17654, -6
Long 1 TF 1185.9, -0.5
Long 1 TF 1185.5, -0.9
Short 1 NQ 4225.25, -1.0
Long 2 TF 1184.9, 1184.9, -0.5, -0.5
Long 2 TF 1180.3, 1180.3, -0.3, -0.5
Long 2 TF 1178.4, 1178.4, -0.3, -0.3
Long 2 TF 1177.0, 1177.0, -0.5, -0.5
Total YM +18
Total NQ -2.0
Total TF -3.8
Today's inflection breakdown came with some extremely clear signals, both in the ES and NQ at the very High-of-Day, and at the breakdown by the TF at the inflection level. ...and yet I was doe in the headlights as the market collapsed. It's not that I let losses get big, it's that my skills were so equal to the lost opportunity. Convinced that the TF would eventually comply to the leadership of the other three, I fell prey to buying the Russell at support without a stop-n-reverse, as it doubled as an inflection level, so steeped in trend prejudice was my eye. There is always something to be learned from the market, but what can be discouraging is when lessons practiced already so many times before fail to elicit the needed trade behavior. All the more discouraging to have missed this initial break with all the technical warnings flashed by the TF these many weeks. Regroup and resolve. But in perspective...after slapping myself around a bit with a large trout, our frame or reference is not the larger daily trend. And although today's break might have been significant to the end of that trend, and indeed a great intraday swing opportunity that I balked at when it appeared, it's quite irrelevant to tomorrow's trades. And tomorrow is another day. Review the models. Remember where your head was at the turn, and resolve to recognize it through the haze of trend prejudice next time.
Long 2 NQ 4204.75, 4204.75, +2.0, +3.0
Short 2 NQ 4215.25, 4215.25, -3.0, -3.0
Short 2 YM 17632, 17632, +12, +12
Long 2 TF 1185.5, 1185.7, +1.0, -0.0
Short 1 YM 17654, -6
Long 1 TF 1185.9, -0.5
Long 1 TF 1185.5, -0.9
Short 1 NQ 4225.25, -1.0
Long 2 TF 1184.9, 1184.9, -0.5, -0.5
Long 2 TF 1180.3, 1180.3, -0.3, -0.5
Long 2 TF 1178.4, 1178.4, -0.3, -0.3
Long 2 TF 1177.0, 1177.0, -0.5, -0.5
Total YM +18
Total NQ -2.0
Total TF -3.8
Today's inflection breakdown came with some extremely clear signals, both in the ES and NQ at the very High-of-Day, and at the breakdown by the TF at the inflection level. ...and yet I was doe in the headlights as the market collapsed. It's not that I let losses get big, it's that my skills were so equal to the lost opportunity. Convinced that the TF would eventually comply to the leadership of the other three, I fell prey to buying the Russell at support without a stop-n-reverse, as it doubled as an inflection level, so steeped in trend prejudice was my eye. There is always something to be learned from the market, but what can be discouraging is when lessons practiced already so many times before fail to elicit the needed trade behavior. All the more discouraging to have missed this initial break with all the technical warnings flashed by the TF these many weeks. Regroup and resolve. But in perspective...after slapping myself around a bit with a large trout, our frame or reference is not the larger daily trend. And although today's break might have been significant to the end of that trend, and indeed a great intraday swing opportunity that I balked at when it appeared, it's quite irrelevant to tomorrow's trades. And tomorrow is another day. Review the models. Remember where your head was at the turn, and resolve to recognize it through the haze of trend prejudice next time.
Wed Nov 12 Trade Summary
20141112
Short 2 TF 1175.4, 1175.4, -1.4, -1.4
Short 2 TF 1176.1, 1176.1, +1.0, +2.0
Short 2 YM 17505, 17505, +7, -7
Short 1 TF 1176.5, -0.0
Short 1 ES 2032.5, -0.25
Short 1 NQ 4079.0, -2.0
Short 2 YM 17539, 17540, +7, +18
Short 2 TF 1178.5, 1178.3, +0.7, +2.0
Long 1 TF 1175.6, +0.8
Total ES -0.25
Total YM +25
Total NQ -2.0
Total TF +3.7
Short 2 TF 1175.4, 1175.4, -1.4, -1.4
Short 2 TF 1176.1, 1176.1, +1.0, +2.0
Short 2 YM 17505, 17505, +7, -7
Short 1 TF 1176.5, -0.0
Short 1 ES 2032.5, -0.25
Short 1 NQ 4079.0, -2.0
Short 2 YM 17539, 17540, +7, +18
Short 2 TF 1178.5, 1178.3, +0.7, +2.0
Long 1 TF 1175.6, +0.8
Total ES -0.25
Total YM +25
Total NQ -2.0
Total TF +3.7
Tues Nov 11, Veterans Day, Trades & Journal
20141111
Long 1 TF 1175.5, -0.4
Long 1 TF 1174.2, +1.2
Long 1 NQ 4167.0, -3.0
Short 1 YM 17550, -4
Short 1 YM 17556, 17556, +5, -5
Short 2 NQ 4168.75, 4169.0, 4169.75, +2.0, -2.0, -1.25
Short 2 YM 17568, 17567, +5, -3
Long 1 YM 17562, +14
Short 2 YM 17568, 17571, -6, +5
Short 2 TF 1177.6, 1177.7, -0.7, +0.7
Short 3 TF 1178.5, 1178.7, 1178.3, -0.7, +0.7, -0.0
Short 2 TF 1179.0, 1178.9, +0.5, +0.7
Total YM +11
Total NQ -4.25
Total TF +2.0
A bank holiday, worthy of a market holiday as well. Just want to say a word of acknowledgement and thanks to all our veterans, both living and departed.... for the ultimate sacrifice on the altar of freedom paid by those who died in battle....for us.... and for those who survived but had committed their lives to the same. We salute them all...
and say.... FREEDOM FIRST !!!!!!!!! ... there is no peace without freedom. Semper Fi.
Long 1 TF 1175.5, -0.4
Long 1 TF 1174.2, +1.2
Long 1 NQ 4167.0, -3.0
Short 1 YM 17550, -4
Short 1 YM 17556, 17556, +5, -5
Short 2 NQ 4168.75, 4169.0, 4169.75, +2.0, -2.0, -1.25
Short 2 YM 17568, 17567, +5, -3
Long 1 YM 17562, +14
Short 2 YM 17568, 17571, -6, +5
Short 2 TF 1177.6, 1177.7, -0.7, +0.7
Short 3 TF 1178.5, 1178.7, 1178.3, -0.7, +0.7, -0.0
Short 2 TF 1179.0, 1178.9, +0.5, +0.7
Total YM +11
Total NQ -4.25
Total TF +2.0
A bank holiday, worthy of a market holiday as well. Just want to say a word of acknowledgement and thanks to all our veterans, both living and departed.... for the ultimate sacrifice on the altar of freedom paid by those who died in battle....for us.... and for those who survived but had committed their lives to the same. We salute them all...
and say.... FREEDOM FIRST !!!!!!!!! ... there is no peace without freedom. Semper Fi.
Mon Nov 10 Trades & Journal
20141110
Short 1 YM 17515, -7
Long 2 TF 1171.8, 1170.8, +0.7, +1.8
Short 1 TF 1172.9, -0.3
Short 1 TF 1173.2, -0.5
Long 1 YM 17497, +20
Long 1 YM 17508, +5
Long 2 TF 1172.4, 1172.4, -0.0, -1.0
Short 1 TF 1172.5, -0.6
Short 2 TF 1177.5, 1177.4, +0.7, +1.4
Total YM +18
Total TF +2.2
Inflection breakout plays should be an integral part of the Trade Plan. Filtering the best ones in and those less likely to succeed out by means of a specific technique list of minutia is not so easily accomplished. There seems an abundance of fresh situations that must be accounted for across the broad spectrum of circumstances where the best breakouts occur. Today, just such a breakout occurred that I was unprepared for. It was easily the best trade of the trade and did occur as a clear inflection level with Serial Sequent, but only after an appraisal of other technical minutia suggested the trend had changed and a breakout would be a counter trend entry. The issue seems to be that some technical issues trump others, and in context of what other technical events are happening in tandem, their meaning can actually be the exact opposite to what they lend as interpretation in other context. ...and all this you have to recognize sometimes within a very short minute before the trade has exploded and you are left counting the chickens of your entry's expectations, but in the opposite direction..... Study the histories. Breakouts like this are not wholly uncommon, just perhaps not occurring every day. Find other examples. Note the similarities between that reveal elements of conceptual models. Learn the model. Recognize when elements of that model are coming together again. Be prepared. Stay focused.
Short 1 YM 17515, -7
Long 2 TF 1171.8, 1170.8, +0.7, +1.8
Short 1 TF 1172.9, -0.3
Short 1 TF 1173.2, -0.5
Long 1 YM 17497, +20
Long 1 YM 17508, +5
Long 2 TF 1172.4, 1172.4, -0.0, -1.0
Short 1 TF 1172.5, -0.6
Short 2 TF 1177.5, 1177.4, +0.7, +1.4
Total YM +18
Total TF +2.2
Inflection breakout plays should be an integral part of the Trade Plan. Filtering the best ones in and those less likely to succeed out by means of a specific technique list of minutia is not so easily accomplished. There seems an abundance of fresh situations that must be accounted for across the broad spectrum of circumstances where the best breakouts occur. Today, just such a breakout occurred that I was unprepared for. It was easily the best trade of the trade and did occur as a clear inflection level with Serial Sequent, but only after an appraisal of other technical minutia suggested the trend had changed and a breakout would be a counter trend entry. The issue seems to be that some technical issues trump others, and in context of what other technical events are happening in tandem, their meaning can actually be the exact opposite to what they lend as interpretation in other context. ...and all this you have to recognize sometimes within a very short minute before the trade has exploded and you are left counting the chickens of your entry's expectations, but in the opposite direction..... Study the histories. Breakouts like this are not wholly uncommon, just perhaps not occurring every day. Find other examples. Note the similarities between that reveal elements of conceptual models. Learn the model. Recognize when elements of that model are coming together again. Be prepared. Stay focused.
Fri Nov 7 Trade Summary
20141107
Long 1 TF 1167.7, -0.7
Long 3 TF 1164.4, 1164.4, 1164.4, +1.0, +2.0, -0.2
Long 1 NQ 41.53, -2.0
Long 2 TF 1163.5, 1163.6, +1.1, +1.8
Short 1 TF 1165.6, -0.2
Short 2 TF 1165.4, 1165.6, +0.7, +0.7
Long 1 NQ 4143.25, -3.0
Long 2 NQ 4137.25, 4137.25, +3.0, +10.0
Total NQ +8.0
Total TF +6.2
Long 1 TF 1167.7, -0.7
Long 3 TF 1164.4, 1164.4, 1164.4, +1.0, +2.0, -0.2
Long 1 NQ 41.53, -2.0
Long 2 TF 1163.5, 1163.6, +1.1, +1.8
Short 1 TF 1165.6, -0.2
Short 2 TF 1165.4, 1165.6, +0.7, +0.7
Long 1 NQ 4143.25, -3.0
Long 2 NQ 4137.25, 4137.25, +3.0, +10.0
Total NQ +8.0
Total TF +6.2
Thurs Nov 6 Trade Summary
20141106
Short 3 NQ 4142.0, 4142.0, 4143.0, +3.0, +6.5, +2.0
Long 1 NQ 4145.25, +3.0
Long 1 NQ 4142.75, +4.0
Long 2 TF 1162.0, 1162.0, +0.7, +1.6
Short 1 TF 1164.3, -0.7,
Short 2 TF 1165.1, 1165.6, -0.0, +1.5
Long 1 TF 1161.9, +1.0
Total NQ +18.5
Total TF +4.1
Short 3 NQ 4142.0, 4142.0, 4143.0, +3.0, +6.5, +2.0
Long 1 NQ 4145.25, +3.0
Long 1 NQ 4142.75, +4.0
Long 2 TF 1162.0, 1162.0, +0.7, +1.6
Short 1 TF 1164.3, -0.7,
Short 2 TF 1165.1, 1165.6, -0.0, +1.5
Long 1 TF 1161.9, +1.0
Total NQ +18.5
Total TF +4.1
Wed Nov 5 Trades & Journal
20141105
Long 1 YM 17408, -5
Long 2 TF 1168.4, 1168.0, -1.4, -0.5
Long 2 YM 17372, 17372, +7, -7
Long 2 TF 1164.5, 1165.0, -0.5, -0.5
Long 2 ES 2012.25, 2011.75, -1.0, -1.5
Short 5 TF 1169.0, 1168.7, 1168.7, 1169.1, 1169.1, -0.7, -0.0, -0.0, +0.7, -0.7
Long 2 ES 2011.50, 2011.25, -1.25, -1.0
Total ES -4.75
Total YM -5
Total TF -3.6
There's something to be learned everyday from your trading. ....especially on days that you lose. Today, it was less my trading and more my trade plan that failed me. Without a confluence of indicators at the turns, I was leaning heavily on the internal structure algorithm we call Serial Sequent. But the important turns came at specific numbers from the Pivot Exhaustion Grid without the confluence of that algorithm. I have seen this many times before...and enough so that it must kick me into a research mode to consider a partial position with these important elements do not arrive in tandem, regardless of which is absent at the time. Have Plan. Stick to that Plan. Keep an open mind about what's in that Plan, and make changes to it only reluctantly and carefully. Because once included, a Plan's Entry Models must be taken with only the filters that accompany that particular model, trend opinions and apprehensions notwithstanding.
Long 1 YM 17408, -5
Long 2 TF 1168.4, 1168.0, -1.4, -0.5
Long 2 YM 17372, 17372, +7, -7
Long 2 TF 1164.5, 1165.0, -0.5, -0.5
Long 2 ES 2012.25, 2011.75, -1.0, -1.5
Short 5 TF 1169.0, 1168.7, 1168.7, 1169.1, 1169.1, -0.7, -0.0, -0.0, +0.7, -0.7
Long 2 ES 2011.50, 2011.25, -1.25, -1.0
Total ES -4.75
Total YM -5
Total TF -3.6
There's something to be learned everyday from your trading. ....especially on days that you lose. Today, it was less my trading and more my trade plan that failed me. Without a confluence of indicators at the turns, I was leaning heavily on the internal structure algorithm we call Serial Sequent. But the important turns came at specific numbers from the Pivot Exhaustion Grid without the confluence of that algorithm. I have seen this many times before...and enough so that it must kick me into a research mode to consider a partial position with these important elements do not arrive in tandem, regardless of which is absent at the time. Have Plan. Stick to that Plan. Keep an open mind about what's in that Plan, and make changes to it only reluctantly and carefully. Because once included, a Plan's Entry Models must be taken with only the filters that accompany that particular model, trend opinions and apprehensions notwithstanding.
Tues Nov 4 Trades & Journal
Trade Summary
20141104
Short 2 YM 17292, 17295, -0, -4
Short 1 NQ 4153.25, +5.0
Long 1 TF 1165.9, +3.0
Short 1 TF 1169.7, +1.0
Total YM -4
Total NQ +5.0
Total TF +4.0
Several breakout signals that were In-Plan were passed today as had a minimum profit target already in hand. And yet nothing hurts one's psyche more than a trade that pays off so well once passed on. ...far more painful than even trades that lose. Just so it is with trading. When volatile breakouts occur, sitting on the sidelines is painful, and causes you doubt if your Trade Plan does not include them. Breakouts can be vital to a trading plan. Just be precise about their accompanying filters and avoid going into a hole for the day insisting that the next one will finally work out. Stay disciplined.
20141104
Short 2 YM 17292, 17295, -0, -4
Short 1 NQ 4153.25, +5.0
Long 1 TF 1165.9, +3.0
Short 1 TF 1169.7, +1.0
Total YM -4
Total NQ +5.0
Total TF +4.0
Several breakout signals that were In-Plan were passed today as had a minimum profit target already in hand. And yet nothing hurts one's psyche more than a trade that pays off so well once passed on. ...far more painful than even trades that lose. Just so it is with trading. When volatile breakouts occur, sitting on the sidelines is painful, and causes you doubt if your Trade Plan does not include them. Breakouts can be vital to a trading plan. Just be precise about their accompanying filters and avoid going into a hole for the day insisting that the next one will finally work out. Stay disciplined.
Mon Nov 3 Trade Summary
Trade Summary
20141103
Long 2 TF 1172.7, +0.4, +2.0
Long 2 TF 1171.5, 1170.8, -0.0, -0.8
Long 2 TF 1172.9, 1172.7, -0.7, +1.2
Short 1 TF 1172.4, -0.4
Short 1 TF 1172.5, -0.4
Short 1 TF 1172.6, +1.4
Long 2 TF 1171.6, 1171.0, -1.4, -0.7
Long 1 TF 1170.8, +2.2
Total TF +2.8
20141103
Long 2 TF 1172.7, +0.4, +2.0
Long 2 TF 1171.5, 1170.8, -0.0, -0.8
Long 2 TF 1172.9, 1172.7, -0.7, +1.2
Short 1 TF 1172.4, -0.4
Short 1 TF 1172.5, -0.4
Short 1 TF 1172.6, +1.4
Long 2 TF 1171.6, 1171.0, -1.4, -0.7
Long 1 TF 1170.8, +2.2
Total TF +2.8
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