Thur Jul 30 Trade Summary

20150730
Long 1 YM 17560, +30
Long 1 NQ 4533.0, +8.0
Short 2 TF 1223.1, 1222.9, -0.2, -0.3
Long 2 TF 1220.5, 1220.8, -0.5, +1.0
Long 1 TF 1220.4, +2.0
Total YM +30
Total NQ +8.0
Total TF +2.0

Wed Jul 29 Trade Summary

20150729
Long 1 NQ 4561.25, +6.0
Long 1 TF 1216.4, -0.1
Long 2 NQ 4550.25, 4551.5, +2.0, +6.0
Long 1 NQ 4548.25, -1.0
Long 3 NQ 4545.75, 4545.75, 4645.25, +2.0, +8.0, +2.0
Total NQ +25.0
Total TF -0.1

Tues Jul 28 Trade Summary

20150728
Long 1 ES 2065.5, +2.0
Long 3 TF 1203.2, 1203.0, 1202.6, -1.0, +1.0, +1.0
Long 1 TF 1201.8, -1.4
Long 1 NQ 4504.5, +8.0
Long 1 YM 17395, -10
Long 2 TF 1203.7, 1203.9, +4.0, +1.0
Total ES +2.0
Total YM -10
Total NQ +8.0
Total TF +4.6

Mon Jul 27 Trade Summary

20150727
Long 2 YM 17321, 17321, +20, +40
Short 1 TF 1216.0, +2.0
Total YM +60
Total TF +2.0

Fri Jul 24 Trade Summary

20150723
Long 1 TF 1235.2, -1.4
Short 1 NQ 4697.75, +2.0
Short 1 TF 1235.3, +1.4
Total NQ +2.0
Total TF -0.0

Thur Jul 23 Trade Summary

20150723
Long 4 TF 1255.4, 1254.9, 1253.8, 1254.2, -0.0, -0.0, +2.0, +0.7
Short 2 NQ 4621.75, 4621.50, -3.5, -3.75
Short 3 TF 1256.0, 1256.0, 1255.8, -0.4, -0.5, -0.6
Short 3 TF 1257.1, 1256.7, 1257.1, -0.6, -1.0, -0.6
Short 2 TF 1258.3, 1258.4, -0.3, -0.4
Short 1 TF 1260.0, +2.0
Total NQ -7.25
Total TF +0.3

Wed Jul 22 Trade Summary

20150722
Short 1 TF 1248.6, -0.7
Short 1 ES 2108.0, -0.0
Long 1 TF 1248.7, +2.0
Short 1 YM 17832, +10
Short 1 TF 1253.6, -0.4
Short 1 TF 1253.4, +1.0
Long 2 TF 1251.9, 1251.7, -0.6, +0.5
Long 2 TF 1250.2, 1249.5, +0.5, +1.6
Total ES -0.0
Total YM +10
Total TF +3.9

Tues Jul 21 Trades & Journal

20150721
Short 2 YM 1 17907, 17909, +7, +7
Short 2 TF 1263.2, 1263.2, +0.4, +2.0
Short 2 NQ 4677.5, 4677.25, +2.0, +7.0
Long 1 TF 1259.8, -1.4
Long 3 TF 1256.1, 1256.1, 1256.3, +0.7, +0.7, -0.7
Long 1 TF 1259.5, -0.5
Long 2 TF 1271.7, 1252.0, -0.5, -0.0
Long 2 TF 1250,6 1250.6, -0.4, -0.4
Long 3 TF 1247.7, 1247.7, 1247.5, +0.7, +1.0, +0.7
Total YM +14
Total NQ +9.0
Total TF +2.3

Numbers from a support / resistance grid--or as we call it: the Pivot-Exhaustion Grid--can play a double role. As some junctures, if price fails to hold at some, more critical levels, a 2nd trend or leg can ensue, and often in an impulsive, range expanding pattern. Those are the best breakouts to find, as they present opportunities for quick gains. Those trades can also lend a great deal of satisfaction to trading. It makes you feel you are in the cognoscenti, or even one of Minority Report's 'precogs', with prescience of what's about to happen. This can be very dangerous to your health, as the feeling of gratification that comes from picking the right breakouts is so strong that it draws you back to places where such trades only fail and cause you losses. Nature loves to hide, and the poorer performing breakouts far too often arrive with the kind of action that brings too many to the expectation of the breakout. Therefore, the best breakouts tend to come in disguise of support/resistance numbers that look too formidable to break, and therefore are far less expected. Take note of your head at such junctures. "Most of the opportunity that is missed in the market is missed by traders who could not concede that the action would go the expected distance--but in the opposite direction."

Mon Jul 20 No trades

Fri Jul 17 Trade Summary

20150717
Long 1 TF 1269.2, -1.0
Long 1 YM 17970, -5
Short 1 NQ 4624.75, -2.0
Short 1 NQ 4625.5, -2.0
Short 2 NQ 4631.0, 4631.5, +5.0, +2.0
Long 2 TF 1263.2, 1263.4, +0.7, +1.7
Long 2 TF 1264.6, 1263.2, -0.0, +1.9
Total YM -5
Total NQ +3.0
Total TF +3.3

Thur Jul 16 Trade Summary

20150716
Long 1 TF 1267.4, +1.6
Short 2 TF 1270.3, 1271.3, -1.5, -0.7
Short 1 TF 1273.4, +2.0
Long 2 TF 1270.2, 1268.8, +0.7, +0.7
Long 1 TF 1269.9, +1.2
Total TF +4.0

Wed Jul 15 Trade Summary

20150715
Short 2 TF 1168.9, 1268.8, +0.7, +1.7
Short 1 TF 1269.1, +1.0
Total TF +3.4

Tues Jul 14 Trade Summary

20150714
Long 1 TF 1261.2, +1.3
Short 1 ES 2095.75, -1.5
Short 2 TF 1264.7, 1264.5, +0.7, -0.2
Short 1 TF 1265.4, +1.6
Short 1 TF 1265.0, +0.9
Short 1 TF 1266.1, +1.0
Short 1 NQ 4510.25, +3.0
Total ES -1.5
Total NQ +3.0
Total TF +5.3

Mon Jul 13 Trade Summary

20150713
Short 1 NQ 4464.75, -2.0
Short 2 TF 1258.7, 1259.2, -1.7, -0.7
Short 2 TF 1260.5, 1260.6, +3.0, +1.2
Short 1 TF 1260.2, +1.7
Long 1 NQ 4469.5, -0.5
Long 1 NQ 4468.25, +2.0
Total NQ -0.5
Total TF +3.8

Fri Jul 10 Trade Summary

20150710
Long 1 TF 1245.6, -1.4
Long 1 TF 1244.0, +0.5
Long 1 TF 1243.7, -0.0
Short 1 TF 1243.2, -0.7
Short 1 TF 1245.4, +2.3
Long 1 TF 1242.3, +1.0
Short 1 ES 2064.5, +2.0
Short 2 YM 17632, 17632, +7, +22
Short 2 NQ 4389.75, 4390.75, +2.0, +3.0
Total ES +2.0
Total YM +29
Total NQ +5.0
Total TF +1.7

Wed Jul 8 Trades & Journal

20150708
Long 1 NQ 4385.5, -3.0
Long 2 NQ 4379.5, 4380.5, +6.0, +3.0
Long 2 NQ 4381.0, 4379.5, -2.0, -2.0
Long 2 NQ 4365.0, 4365.0, +2.0, -2.0
Long 2 TF 1230.8, 1230.8, +0.7, +3.0
Long 3 NQ 4363.75, 4363.75, 4362.75, +2.0, -2.0, -2.0
Long 3 TF 1229.8, 1229.1, 1228.9, +0.7, +2.0, -0.5
Short 1 TF 1234.9, +1.4
Long 1 TF 1232.3, -0.0
Long 2 TF 1231.4, 1230.4, -1.4, -0.4
Long 2 TF 1229.8, 1229.8, -0.4, -0.4
Long 2 TF 1229.4, 1229.4, -0.5, -0.5
Long 3 TF 1229.4, 1229.4, 1228.7, -1.4, -1.4, -0.7
Long 2 TF 1229.7, 1228.7, -0.3, -0.3
Long 2 TF 1228.4, 1228.4, +2.1, +2.1
Total NQ +0.0
Total TF +3.8

Over-trading is a disgusting disease. It takes over your head usually when you find yourself trying to recoup a loss, and believe you see the same buy or sell opportunity repeat itself in succession, but only to stop out repeatedly as the market fails to produce the expected result. And to add to it, I already had a days profit goal as the 1st Frame came to an end. I made the mistake of taking one more trade because I thought I understood it. It was cocky. Then I took another to try to make back the loss when that one extra trade failed, but that trade failed too. I gave back all my profits before I finally found a winner, recouping just about half the day. Pyrrhic victories leave little satisfaction and usually less compensation. Quit when you've reached your goal, especially if it's at the end of the Frame your Trade Plan is limited to.

Tues Jul 7 Trades & Journal

20150707
Long 2 TF 1233.9, 1233.6, -0.9, +0.7
Long 4 TF 1232.3, 1232.3, 1231.5, 1231.5, +0.2, +0.1, +2.0, +1.9
Long 1 TF 1231.8, -0.7
Long 1 TF 1231.5, -0.5
Long 1 TF 1231.8, -0.9
Short 1 TF 1230.5, -0.0
Long 1 TF 1229.0, -0.7
Long 3 TF 1227.6, 1227.6, 1227.4, -0.7, -0.7, +0.7
Long 1 ES 2043.0, -1.5
Long 2 TF 1225.7, 1225.7, -0.5, -0.5
Long 2 TF 1222.6, 1222.6, -0.7, -0.7
Long 3 TF 1222.3, 1222.3, 1223.6, +3.0, +3.5, +2.0
Total ES -1.5
Total TF +6.6

Low volatility days can put you to sleep. You almost forget how to trade bigger volatility. And the absence of real bear market development does the same. ...then, it reappears. Today, all four contracts created pre-break pause patterns simultaneously for bear leg trigger. I recognized the juncture. Went long, and then did, in fact, go short as the Trade Plan prescribed. But then I lost faith once I was triggered into the short, and backed out the short at break-even... only to watch the expected bear leg tack on a further 10 pt decline ....without me. Whether this show of bear fur is really the beginning of a greater period of volatility and steep impulse action is unknowable. And I'm guilty of calling at least 6 of the last 0 bear markets the past few years... at least in my head, if not out loud in the trade room. But it's not a matter of if the bear returns, but only a matter of when. And with all the Hindenburg sell signals that have appeared in the last weeks, a bear is now very likely only matter of days away. When it comes, the impulse moves tend to be strong, and one must master and have faith in the breakdown signal levels when they appear, as counter trend fades can be far more difficult and costly once those impulse breaks do appear.

Mon Jul 6 Trade Summary

20150706
Long 1 TF 1236.4, +1.6
Short 1 ES 2059.0, +2.0
Short 2 TF 1242.7, 1242.4, +0.7, -0.7
Short 2 TF 1242.8, 1242.7, +0.7, -0.7
Short 3 TF 1243.6, 1244.0, 1243.5, +0.7, +0.7, +0.7
Short 1 TF 1245.2, -0.0
Short 4 TF 1246.3, 1247.2, 1247.0, 1247.2, -0.0, +0.7, -1.1, -0.7
Short 2 TF 1247.8, 1247.8, -0.7, -0.7
short 2 YM 17636, 17635, +7, +15
Long 1 TF 1243.1, -1.0
Long 2 TF 1241.5, 1241.5, +0.5, -0.8
Long 4 TF 1241.1, 1240.9, 1240.6, 1240.1, -0.0, -0.0, +0.7, +1.6
Total ES +2.0
Total YM +22
Total TF +2.2

Thurs Jul 2 Trade Summary

20150702
Short 1 NQ 4432.5, +2.0
Long 1 NQ 4433.0, -2.5
Long 2 NQ 4429.0, +5.0
Short 1 NQ 4435.5, +7.0
Long 2 TF 1248.7, 1248.9, +0.7, +1.0
Short 1 TF 1251.1, +0.5
Long 1 NQ 4421.0, +4.0
Long 1 TF 1250.1, -0.5
Long 2 TF 1249.0, 1248.5, +0.7, +1.5
Short 1 TF 1250.1, +0.9
Long 1 NQ 4420.0, +2.0
Total NQ +17.5
Total TF +4.8

Wed Jul 1 Trade Summary

20150701
Long 1 TF 1259.3, -0.5
Long 2 TF 1255.3, 1254.8, +1.2, +1.2
Short 1 TF 1256.6, -1.2
Short 2 TF 1259.0, 1259.0, +0.5, -0.7
Short 1 NQ 4433.75, -2.5
Long 1 NQ 4432.25, -2.0
Long 2 TF 1259.9, 1260.1, -0.7, -0.7
Long 1 NQ 4428.5, +5.0
Long 2 TF 1258.6, 1258.6, -1.4, -1.4
Long 3 TF 1257.9, 1257.9, 1257.8, +1.8, +1.8, +1.9
Long 1 NQ 4422.25, -2.0
Long 1 TF 1255.8, +1.5
Long 1 TF 1255.8, -0.8
Long 2 TF 1253.6, 1253.6, -0.7, -0.7
Long 2 TF 1253.1, 1253.1, +1.4, +1.7
Total NQ -1.5
Total TF +4.2