20150325
Long 2 YM 17895, 17895, +7, -7
Long 3 NQ 4406.5, 4406.5, 4406.0, +2.0, -2.0, -1.0
Long 2 TF 1253.2, 1253.2, +0.7, +1.5
Long 2 NQ 4399.5, 4399.5, +2.0, -2.25
Short 1 YM 17887, -7
Short 1 ES 2082.25, -1.5
Short 1 TF 1256.2, +1.0
Short 1 ES 2083.5, -0.5
Short 2 NQ 4407.5, 4407.25, -2.0, -2.0
Short 2 YM 17909, 17909, +7, +20
Long 2 TF 1254.0, 1254.0, -0.5, -0.2
Short 1 TF 1253.06, -0.2
Long 1 TF 1252.2, -0.9
Long 1 TF 1251.5, -0.5
Short 1 TF 1251.1, -0.4
Total ES -2.0
Total YM +20
Total NQ -5.25
Total TF +0.5
When the bear is eager, care must be taken to recognize the Trade Entry Models quickly....and have the heart to stay with them. The early fades were certainly not working well as signals for a Persistent Trend Day Down began to appear, but when the key breakdown trigger appeared as a Failing Inverted H&S, I balked at the trigger because the action was a bit choppy. I let my frustrations dictate my trade action rather than the plan. I even called the short entry in the members chat room, and yet didn't follow through on taking the trade myself. Once the breakout occurred, I was left with trying to fade at the support zones below.... again obeying my frustrations at missing the breakdown dominate instead of acting on a Trade Plan. Thus, I was left little in hand for the frame. Look over all your Trade Entry Models each day before the action begins, especially note those you haven't seen in awhile, those in particular are more likely to appear now soon. When they appear, take the entries whether you 'feel' good about the trade or not ...and almost to the degree to which you are apprehensive about the outcome is the degree to which success is more likely to occur. Be the Trade Plan and no other.
