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.
