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.
