20150220
Long 1 TF 1123.6, -0.5
Long 2 NQ 4397.75, 4397.75, +3.0, +5.0
Long 1 YM 17859, -3
Long 1 TF 1216.3, -0.3
Short 2 TF 1214.8, 1214.8, +0.5, -0.7
Short 1 YM 17894, -7
Short 1 NQ 4305.75, -3.0
Short 2 TF 1218.8, 12.8.8, -0.5, -0.5
Short 3 NQ 4409.25, 4409.25, 4409.0, +1.0, +.75, -1.5
Short 2 TF 1220.1, 1220.1, +1.1, +2.7
Short 1 TF 1222.8, -0.9
Short 3 TF 1224.1, 1224.1, 1123.9, +0.5, +1.2, +0.5
Short 1 TF 1224.1, -0.5
Short 1 YM 17975, +10
Total YM -0
Total NQ +5.25
Total TF +2.6
2nd Trends require another set of entry models. But we get comfortable in our approach, and this comfort can also be aided by the trend prejudice that 1st trends often instill. So it was that I missed several decent bull breakout entries on the way back up today, and underestimated the 'after-life' so typical of 2nd trends. Stay alert. Your behavior models as a trader must be as rehearsed as your technical entry event models. If this, then that. Always note where you are in the day's events. Shift with the market. It's all in front of you. The market tells us everyday where the best entries are. Study those places wherein you were most apt to be stp'd out and proven wrong. ...therein lie the profits that have alluded you. ....and a good weekend to all...
