20150610
Short 1 TF 1255.4, -0.7
Long 2 YM 17841, 17841, +20, +20
Short 1 NQ 4447.5, -1.5
Short 2 TF 1260.3, 1260.4, -0.9, +0.7
Short 1 NQ 4453.5, -0.0
Long 2 TF 1260.5, 1260.4, +1.7, +0.5
Short 1 TF 1261.1, -0.6
Short 1 YM 17938, -7
Short 1 TF 1267.0, -0.2
Short 1 TF 1266.9, -0.4
Short 1 TF 1267.2, -0.4
Long 2 TF 1166.7, 1166.6, +1.5, +0.7
Total YM +33
Total NQ -1.5
Total TF +1.9
The Persistent Trend Model is often the most difficult to trade of all. On those days, breakout players look like they knew what they were doing, and fade traders are full of stp-outs in their port. What often hurts worse than the stp-outs, however, are the breakouts that you missed when filters aligned, as I did in at least one key place, or in early pullback and/or ORB breakout trades that you succeeded in identifying and entering, but failed to hold for the full excursion the Persistent Trend offers to those of greater patience. I suffer more personal annoyance at the breakout trades I missed than the early trades I failed to make into runners, since most days are not of the Persistent Trend model and those runners turn out to be break-even stp-outs and wasteful of nice paper profits. It's the breakout opportunities that I miss that get me most, and peak my resolve to do better. Today, I resolve to keep the filter checklist in front of me, and review it not only before the day begins, but when faced with those fork-in-the-road opportunities we call Inflection levels that should be played first as fades, but with the added stp-n-reverse provision to get back into trend should they fail to reverse.
