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.
