20160929
Short 1 TF 1249.3, +1.0
Short 2 TF 1250.6, 1250.6, +2.0, +4.0
Total TF +7.0
Most of the time, exiting trades proves to involve far more guesswork than entering, and is generally harder. Entry Modeling can be a fairly exacting checklist. Signals forming simultaneous entry signals in parallel contracts simply add in to quantities for the preferred contract chosen to be used. Today, in the TF, it was no more than a mechanical reaction to add a 2nd contract because the duplication of signals that appeared in both the YM and NQ contracts at the time the TF formed its own. Exiting, however, was more luck than insight. A default target of 4 points in the TF is simply the preset part of the ATM OCO order from the moment the entry is made. Today, that target limit order was hit before I could even consider removing it or moving the trailing stop order more than once did price collapse so quickly. Pure luck. But as my mentor use to remind me often, luck comes only to those who are in a position to receive it.... and a good weekend to all.
