20171030
Long 3 RTY 1501.1, 1501.4, 1501.5, +1.0, -1.0, -0.7
Short 3 NQ 6230.5, 6230.5, 6231.75, -3.0, -3.0, -3.0
Short 3 NQ 6233.75, 6233.75, 6233.25, +3.0, +3.0, -1.0
Long 2 RTY 1498.6, 1498.6, +1.0, +3.0
Short 2 RTY 1503.3, 1503.3 +1.0, +2.1
Short 1 RTY 1503.5, -0.5
Short 2 NQ 6250.5, 6250.5, +5.0, +6.0
Long 2 RTY 1501.8, 1501.4, -0.2, -0.7
Long 2 NQ 6233.5, 6233.5, +2.0, -2.0
Long 3 RTY 1495.9, 1495.9, 1496.1, +1.0, -1.0, -0.7
Long 2 NQ 6218.75, 6218.75, -2.0, -2.0
Long 4 NQ 6217.5, 6217.5, 6217.5, 6217.5, -2.0, -2.0, -2.0, -2.0
Long 2 RTY 1493.9, 1493.9, +1.0, -0.9
Long 4 NQ 6218.25, 6218.25, 6218.25, 6218.25, +4.0, +4.0, +7.0, +7.0
Long 3 RTY 1492.6, 1492.6, 1492.5, +1.0, +1.0, +1.0
Total NQ +17.0
Total RTY +7.4
Like the 5th game of the World Series last night, I trades too many innings. The true underlying trend often is arrives in the first frame as a disguise. Today, that the disguise was more prominent in the NQ. And with that Mars launch by NQ to another set of new bull market highs came a clear short entry model, right at the top. However, the TF, which has played a good deal of catch-up to NQ's exuberance was fairly consistent in its bear leadership. These two have played a lot of vice-a-versus lately, and it definitely can complicate a set of entry signals where those entry signals depend on breadth. Which breadth do you use ...? Stay with your Plan. Entry signals will sort themselves out along with the trend, and even when that trend remains disguised by faux leadership, the combination of a target accurate Pivot / Exhaustion Grid, momentum, and the amazing fractal algorithm we call Serial Sequent can deliver pieces of the market despite the obscurity of the true underlying trend.
