20160824
Short 1 TF 1245.3, -0.2
Long 1 NQ 4816.50, -2.0
Long 2 NQ 4812.25, +2.0, +5.0
Long 1 TF 1245.1, -0.1
Long 1 TF 1244.5, -0.2
Short 1 TF 1246.2, -0.4
Long 1 TF 1246.4, -0.2
Short 1 TF 1246.6, -0.5
Total NQ +5.0
Total TF -1.6
Chop and stutterstep are the antithesis to trend and turn. Two days of it in a row can be frustrating ...but some days just better to trade than others. Nothing to do but admit it. Keep the losses small. As the turn begins to progress after a Trade Plan Model Entry, note the possible bar patterns that could act as pre-breakout setups back in the direction against the reversal entry, and trail your stops to those. As the 2nd trend took place, I went with a stp-n-rev at one such pre-break pause, but on a day like today, breakouts just fraught with failure. Monday taught me to try anyway, once a 2nd trend got in place, as Monday was a breakout player's dream. Those days always make your mouth water, and draw you back into study. What are the best qualifying attributes of clean, impulsive breakouts..? I'm still studying. A day characterized by overall chop and stutterstep is certainly no pre-qualifier.
