20150122
Short 2 NQ 4188, 4189.0, +8.0, +2.0
Long 2 ES 2021.5, 2020.0, +3.0, +2.0
Short 2 TF 1162.5, 1162.8, -0.9, +0.7
Short 1 NQ 4187.5, -3.0
Short 2 NQ 4190.0, 4190.0, +5.0, -1.0
Short 2 TF 1166.9, +3.0
Short 1 TF 1166.2, -0.9
Short 1 TF 1167.4, -0.6
Short 2 NQ 4204.25, 4204.5, -1.5, -1.5
Short 1 YM 17550, -3
Short 3 TF 1172.7, 1172.7, 1172.7, +1.0, +1.0, +2.0
Total ES +5.0
Total YM -3
Total NQ +8.0
Total TF +5.3
Although several reversals and pullbacks were profitable, can feel the smarting from not having taken a critical set of breakouts as the 2nd trend ensued. Filters were perfect. But where was my head at the opportunities? At moments like this, it can facilitate an entry by considering certain levels of structure, price and momentum as stp-n-reverse levels. Think of the entry as a fork or inflection. Don't enter the one without considering the other. They are part of the same trade, not separate, and in so doing, can help alleviate the trend prejudice that slips in when feeling compelled to 'catch' the reaction before it gets away. What if the 'reaction' is the new trend? Then enter that pullback as a stp-n-reverse. Today, I resigned to think of the mental image of wearing a baseball cap, but turning it around backwards for some trades. It's like Tin Cup being told to untie one shoe when stuck in a shanking mode while playing golf. Throw something off kilter. Change it up. Remember, Corollary #2 to the Douglas Premise: "most of the opportunity that is missed in the markets is missed by traders who were unable to concede that the market could go the expected distance--but in the opposite direction." Get focused.
