20161003
Short 1 NQ 4862.0, -1.0
Long 2 TF 1239.6, 1239.6, +0.6, -0.7
Long 2 NQ 4851.0, 4851.0, -1.25, -1.25
Short 1 YM 18129, -1
Short 2 YM 18146, 18146, -10, -10
Short 2 YM 18179, 18179, +20, +25
Short 2 TF 1241.6, 1241.4, -0.9, +0.7
Short 1 TF 1243.1, -0.7
Short 2 TF 1243.4, 1243.4, -1.4, -1.4
Short 1 TF 1244.5, -1.4
Long 1 TF 1242.6, -0.5
Total YM +44
Total NQ -3.5
Total TF -5.7
Second trend directions can be tricky. Disguised as pullbacks to the 1st trend direction, they often come accompanied by stutter-step action, which can draw you in as encourage to fade the dwindling strength. But 2nd trends are where the surprises often lie. A strategy when the entry models are ambiguous, and assume the roles both of pullback opportunities as well as inflection break-out opp's, is to use smaller stp-loos values, and lessen the pain if surprised by the short covering build. Today, I did not, and consequently paid the price of a full days' loss limit to bring my trading to a halt.
