20150427
Short 1 TF 1268.4, +1.7
Long 1 NQ 4543.5, +4.0
Short 2 TF 1272.1, 1273.1, 1273.2, -1.5, -1.4, -1.4
Short 2 YM 18085, 18085, +7, +14
Short 2 TF 1274.4, 1274.4, +1.2, +1.2
Long 2 YM 18065, 18066, +7, +20
Long 2 TF 1272.6, 1272.5, -0.4, +0.7
Long 2 TF 1272.2, 1272.2, +0.5, -0.7
Long 2 YM 18063, 18063, +10, -3
Long 3 TF 1271.8, 1271.7, 1271.5, -1.4, -1.4, -1.4
Long 2 NQ 4542.5, 4542.5, +2.0, -2.0
Long 4 TF 1264.8, 1264.8, 1264.5, 1264.7, -0.5, -0.5, +0.7, -0.5
Long 2 YM 18033, 18033, +7, +20
Long 1 NQ 4538.0, +5.0
Long 2 TF 1263.4, 1263.5, +1.5, +1.7
Long 1 TF 1255.9, -1.4
Long 1 TF 1250.4, +1.6
Total YM +82
Total NQ +9.0
Total TF -1.7
It has been long acknowledged here that the TF leads the market, but that also signals from the other contracts in confluence can consistently be used to trade the TF when its own signals are lacking. Today.....not so much, as the signals from the NQ and YM were true enough to be taken on their own, but proved unsuccessful for trading in the TF. Trading just one of the 4 main stock indices can be myopic, and worse, it can lead to losing days where stubborn determination to make your chosen contract obey your calls. The market does not obey. It commands. ...and we must listen and follow.
