Trade Summary
20150105
Long 1 NQ 4203.0, -2.0
Long 2 TF 1183.1, 1183.3, +0.7, +5.9
Total NQ -2.0
Total TF +6.6
Reducing the number of trades one takes towards fulfilling a profit goal would be ideal....if only it were that easy.
While fumbling with conflicting ORB signals in the NQ, I missed the ORB signals in the TF, which could have positioned me for both the early decline as well as the subsequent reversal. Keep your focus. The market is composed of disparate indices and indicators that must be monitored simultaneously as a whole. From there, event concepts can be recognized in confluence. The operations of executing trades can take your eye off the ball. Don't let the operations of trade execution take your eye off the ball. See the whole field. Be the Plan.
