20150326
Short 1 NQ 4288.75, -2.0
Short 1 NQ 4296.75, 4297.25, +2.0, -1.0
Short 2 TF 1229.6, 1229.4, +4.0, +0.7
Long 2 TF 1224.3, 1224.5, +0.7, -0.4
Long 1 TF 1223.3, -0.5
Long 1 NQ 4277.25, -2.0
Long 1 TF 1221.5, -0.7
Long 2 TF 1220.9, 1220.7, +3.0, +0.7
Short 1 TF 1225.0, +0.5
Short 1 TF 1226.6, -0.2
Short 1 TF 1226.8, +1.0
Total NQ -5.0
Total TF +8.8
WorkDone is an important concept in trend excursion and reversal. Today in the TF contract at the 1st Frame lows is a perfect example. Price just needed to clip the Globex night session low, even by a tick, before the excursion of that trend test was finally rejected in favor of a larger bull correction to the recent decline. Stay focused. The market tells us where the best places to buy and sell every day, but as Heraclitus noted, "Fools, although they hear, are like the deaf." And market participants, although they see, always seem to remain blind to the messages given them every day at their own place of work.
