20160914
Long 1 TF 1205.6, -0.7
Long 2 TF 1205.1, 1205.2, -0.6, -0.7
Long 2 TF 1205.2, 1205.2, +1.8, +2.1
Short 2 TF 1208.8, 1208.9, -0.9, +0.7
Short 2 TF 1209.9, 1209.9, +0.7, -1.0
Short 2 TF 1211.6, 1211.9, +0.7, +1.0
Short 1 YM 18061, -1
Short 1 TF 1215.3, +2.3
Short 1 TF 1214.7, -1.0
Short 1 TF 1215.1, +1.7
Long 1 TF 1207.9, +0.3
Total YM -1
Total TF +6.4
[Rather than editing the journal today for this blog format, I've simply copied what I streamed into the valhallafutures real time chat room after trading, as the 1st Frame came to an end. Although much will no doubt remain obscure to those unfamiliar, members understand these concepts which are used every day in the room to call trades.]
Wed Sep14 11:05AM
success today at the major turns
Wed Sep14 11:05AM at the LOD 1st trend
Wed Sep14 11:05AM and the HOD
Wed Sep14 11:05AM end of 2nd trend
Wed Sep14 11:05AM required
Wed Sep14 11:05AM that extra focus
Wed Sep14 11:05AM of seeing the other contracts
Wed Sep14 11:05AM offer loans
Wed Sep14 11:05AM against background of
Wed Sep14 11:05AM TTI track hooks
Wed Sep14 11:06AM the action can knock you out
Wed Sep14 11:06AM at least did me at the LOD
Wed Sep14 11:06AM because I had tight stps there
Wed Sep14 11:06AM now wanting to find out how big
Wed Sep14 11:06AM that 1st Pump might become.
Wed Sep14 11:06AM but once it turned
Wed Sep14 11:06AM and the loan signals and TTI hook were obvious
Wed Sep14 11:07AM then I re entered
Wed Sep14 11:07AM on top of being stp'd out.
Wed Sep14 11:07AM ..same at the HOD
Wed Sep14 11:07AM when the retest of the 1st Half Sequent
Wed Sep14 11:07AM didn't hold
Wed Sep14 11:07AM the 1st Pump appeared with YM NQ loan signals
Wed Sep14 11:07AM and the TTI hit track.
Wed Sep14 11:07AM even then,
Wed Sep14 11:08AM I barely caught it
Wed Sep14 11:08AM as price paused just for few moments after the 1st Pump spike
Wed Sep14 11:08AM around 1215.0 level
Wed Sep14 11:08AM just long enough to catch 1.
Wed Sep14 11:09AM but my management not so good,
Wed Sep14 11:09AM once I made up for the earlier stp-out
Wed Sep14 11:09AM took a small profit only
Wed Sep14 11:09AM and so left most of the excursion on the table.
Wed Sep14 11:10AM getting the bulk of the excur
Wed Sep14 11:10AM is a huge area of needed improvement
Wed Sep14 11:10AM comes much easier when you have 3 contracts,
Wed Sep14 11:11AM and with the Trendcheck in play at the HOD
Wed Sep14 11:11AM needed at least 2 up there.
Wed Sep14 11:11AM other things note worthy are the Inflections.
Wed Sep14 11:12AM yesterday's big inflection came on the way down
Wed Sep14 11:12AM at the First Half Sequent level
Wed Sep14 11:12AM which I faded
Wed Sep14 11:12AM but exited b/e,
Wed Sep14 11:12AM after with so many retests
Wed Sep14 11:12AM was likely to give way .
Wed Sep14 11:12AM but the waves piling up to that 1st Half SEquent
Wed Sep14 11:13AM were all InTights
Wed Sep14 11:13AM and TTI had room to spare,
Wed Sep14 11:13AM so was good candidate for stp-n-rev back into trend.
Wed Sep14 11:13AM that inflection break
Wed Sep14 11:13AM eventually stood half way
Wed Sep14 11:13AM between the HOD
Wed Sep14 11:13AM and the measured move targeted LOD
Wed Sep14 11:14AM and in true Rule of Alternation,
Wed Sep14 11:14AM the choppy waves leading into that break
Wed Sep14 11:14AM became smooth and impulsive for the rest of the trip down.
Wed Sep14 11:14AM today's best inflection level
Wed Sep14 11:15AM End of 1st Frame. If price has shown distinct trend, look for some consolidation and/or reversal. If volatile so far, could now become choppy. Further price extremes to initial direction signal possibility of Persistent Trend. Otherwise, if price has only consolidated so far, most likely will begin trending soon.
Wed Sep14 11:15AM was the breakout from the Dolly Parton level up.
Wed Sep14 11:15AM the measured move worked well from there eventualy,
Wed Sep14 11:15AM but that one faced the Kilroy pretty quickly, and so discouraged a stp-n-rev ....a well justified filter.
Wed Sep14 11:16AM This chatroom is only moderated with trade calls from 9:30am to around 11:15am ET. For explanation of trade call language, click here: [ http://www.valhallafutures.com/chatroom/language.png ]. Members may post trades, but only if BEFORE the trade entry arrives, not after. No posting of trades you are already in. This is strictly enforced.
Wed Sep14 11:16AM taking 2 contracts on those fades taken on the way up
Wed Sep14 11:16AM in 2nd trend action
Wed Sep14 11:16AM did two things:
Wed Sep14 11:16AM added to the risk,
Wed Sep14 11:16AM which I didn't want,
Wed Sep14 11:16AM but afforded partial exits
Wed Sep14 11:16AM which I needed to cover 2nd trend risk and so
Wed Sep14 11:16AM avoid the eventual losses.
Wed Sep14 11:17AM so my fighting the 2nd trend
Wed Sep14 11:17AM was really not the best thing to do.
Wed Sep14 11:17AM and not until the TTI approached the track
Wed Sep14 11:17AM on the 1st Half SEquent
Wed Sep14 11:17AM and the 1st Pump loan
Wed Sep14 11:18AM was there truly sufficient model to warrant 2nd trend fading.
Wed Sep14 11:18AM The 2nd series Sequent short was ok
Wed Sep14 11:18AM because it came at new HOD
Wed Sep14 11:18AM and that did offer some small payoff.
Wed Sep14 11:19AM so, taking small profits on 2nd trend fades
Wed Sep14 11:19AM * polarole has quit IRC
Wed Sep14 11:19AM works for keeping you out of trouble.
Wed Sep14 11:19AM but when the trend finally gets really stretched,
Wed Sep14 11:20AM you have to shift your thinking on holds
Wed Sep14 11:20AM to the bigger excursion potentials
Wed Sep14 11:20AM which the TTI track / trendcheck / loan thing offered.
Wed Sep14 11:21AM with the oil news timing in,
Wed Sep14 11:21AM all the excuse for the rally is suddenly out on the table
Wed Sep14 11:21AM with nothing else left to drive it
Wed Sep14 11:21AM and so you get that huge balloon deflation
Wed Sep14 11:22AM like a mini-FOMC.
Wed Sep14 11:22AM all these things I've enumerated
Wed Sep14 11:23AM repeat themselves in the market during these campaigns
Wed Sep14 11:23AM like a revolving checklist
Wed Sep14 11:23AM then this...
Wed Sep14 11:23AM then this...
Wed Sep14 11:23AM then this...
Wed Sep14 11:23AM and if you write them all down
Wed Sep14 11:23AM like a time line
Wed Sep14 11:23AM you become familiar with them
Wed Sep14 11:24AM and can act on them with less feelings of surprise
Wed Sep14 11:24AM and less being confounded
Wed Sep14 11:24AM by the extremes they produce.
Wed Sep14 11:25AM but I still cant get my head around the inflection b/o's well.
Wed Sep14 11:25AM it's like you
Wed Sep14 11:25AM get into fade mode
Wed Sep14 11:25AM and get stuck there
Wed Sep14 11:26AM your mind is saying you
Wed Sep14 11:26AM want the spikes to fail
Wed Sep14 11:26AM to justify your impulse to fade.
Wed Sep14 11:27AM but that mix of stp-n-rev's and fades belongs together
Wed Sep14 11:27AM ...if you can ID the right places...
Wed Sep14 11:28AM would suggest you go back to these recent Persistent Trend days
Wed Sep14 11:28AM we've had
Wed Sep14 11:28AM and ID those inflection levels
Wed Sep14 11:28AM and write down the characteristics
Wed Sep14 11:28AM of the various disparate elements leading up to them
Wed Sep14 11:28AM and then what those same levels produced coming out of them.
Wed Sep14 11:29AM that the rules of Serial Sequent are there to assist in this process of
Wed Sep14 11:29AM Inflection ID
Wed Sep14 11:30AM is an edge that most of the market players simply don't have.
Wed Sep14 11:31AM it's precision still amazes me.
Wed Sep14 11:31AM but the technical layers are still complicated
Wed Sep14 11:31AM and numerous
Wed Sep14 11:32AM and the mental game still induces me to balk
Wed Sep14 11:39AM This chatroom is only moderated with trade calls from 9:30am to around 11:15am ET. For explanation of trade call language, click here: [ http://www.valhallafutures.com/chatroom/language.png ]. Members may post trades, but only if BEFORE the trade entry arrives, not after. No posting of trades you are already in. This is strictly enforced.
Wed Sep14 11:40AM * xmopper has quit IRC
Wed Sep14 11:42AM .
