20150109
Short 2 TF 1190.0, 1190.9, +2.1, -0.0
Short 1 TF 1189.1, +1.5
Short 1 NQ 4226.25, -3.0
Long 2 NQ 4226.5, 4226.5, +2, +3.0
Short 1 NQ 4235.25, +5.0
Short 1 1188.8, -0.4
Long 1 TF 1189.6, -0.6
Long 1 TF 1188.3, -0.7
Long 2 TF 1186.1, 1185.6, -1.4, -0.7
Long 3 NQ 4210.75, 4210.75, 4210.75, -3.0, -3.0, -3.0
Long 3 TF 1182.8, 1182.8, 1182.8, +0.7, +1.5, +2.0
Total NQ -2.0
Total TF +4.4
Today fell prey to an old nemesis, the apparent character of the action. What it seems to be doing is often just a disguise to what it will eventually do. As Heraclitus reminds us down through the ages, "Nature loves to hide". If fact, it might be said of Mother Nature that its one of her most endearing qualities....except when you've been successfully deceived by it time and time and time again. So it was today as I reached for a pullback that was no pullback at all, but actually the budding trend ready to collapse. Later trades made up for it, but I need to recall those moments when I thought I knew what the market was trying to do under that very specific type of market action, and use that as an alarm bell to trigger a reminder of Corollary #2. "....most of the money that is lost in the markets is lost by traders who thought they knew which way the market was trying to go."
