Short 1 NQ 4626.75, -2.5
Short 1 NQ 4628.5, 4628.0, +2.0, -1.25
Short 1 TF 1197.7, +1.0
Short 1 TF 1198.8, -0.4
Short 1 TF 1199.3, -0.7
Short 2 TF 1199.8, 1198.8, -0.7, -0.7
Short 2 TF 1203.0, 1202.8, +0.7, -0.7
Short 1 NQ 4634.0, -2.0
Short 3 TF 1103.4, 1104.1, 1104.3, -1.4, -0.7, -0.3
Short 2 TF 1207.7, 1207.9, +0.5, +1.0
Short 1 TF 1207.6, +1.4
Total NQ -2.75
Total TF -1.0
The Russell 2000 index usually leads the market. Basing momentum and structure on that futures contract is the best way to create entry models for repetitive use. However, sometimes other index sectors do lead, especially the NQ. ...and when that happens the models based on the TF do not produce the expected results, playing catch-up, as it did today, to the vaulting NQ contract. Recognize the 2nd trend of the day as quickly as possible. Sometimes it appears without creating a WorkDone concept to end the 1st trend. If the strength of the 2nd trend surprises you, then it has probably also caught the majority of other traders by surprise. Look for the Inflection Levels in the 2nd trend that could coincide with clean break-out levels, and place your risks there. Today, I just couldn't get may head around it in time, and thus was left fading a stampeding bull for losses. I knew what was happening, and thus kept stops small, but that didn't put me with the trend, it just prevented me from losing big and satisfied my ego that I was doing the right thing. ...I wasn't doing the right thing, and my Analyst was in control. Let the Trader do his job. He has the Inflection Models all out on paper. It doesn't matter if the Analyst doesn't believe it. He has to be told sometimes to just take his medicine and live in a state he perceives is wrong in order for the account to make profits....
