20150401
Long 2 YM 17582, 17582, -10, -10
Long 3 YM 17571, 17571, 17571, -7, -7, -7
Long 4 YM 17559, 17559, 17555, 17548, -0, -0, -7, -10
Long 4 TF 1237.0, 1237.0, 1237.0, 1236.9, -1.0, -1.0, -1.0 -0.5
Long 1 TF 1235.9, -1.4
Short 2 TF 1240.3, 1240.3, -0.4, -0.4
Short 4 TF 1242.5, 1242.5, 1243.5, 1243.5, +1.0, +1.0, +1.0, -0.3
Short 2 TF 1242.5, 1242.4, +1.7, +1.7
Short 2 TF 1243.8, 1243.6, -0.5, -0.5
Short 2 TF 1244.3, 1244.3, -0.5, -0.5
Short 1 TF 1245.4, -0.7,
Short 2 TF 1242.2, 1242.2, +1.0, +1.5
Short 1 TF 1242.2, +1.0
Total YM -58
Total TF +1.2
When we miss in-trend entries, and the market takes off hard without us, we are usually left waiting for pullbacks to enter into the trend we've missed, or choose structural and support level intersections from which to fade the trend into a reversal. Today, having missed both TF and NQ opening short signals, and no pullback bounces on which to get short, I was left to fading the initial collapse, and all unsuccessfully. The slowness and apparent incompleteness of that early low seemed only to extend the eventual pullback far beyond reason, so the pullback short opportunities were challenging as well. Keep your losses manageable. Valid entry models will eventually reappear at the right edge of your video screen. It may only mean that you recover from losses with subsequent gains, but not all days are destined to be profitable. The market is full of surprises that overwhelm your expectations. Stay within your limits, accept your stp-outs with humility. Stay with the game until you've reached your trading limits, whether in losses or in total number of trades taken. Today's resolution is to return to full readiness when ORB setup trades appear, and take them to get a jump on such early explosive openings to be on the right side of things... and if those trades are missed, resist entering into those early trend fades when clear signs that support levels are being ignored are playing out before your eyes. Stay calm...accept the outcome.
