20180305
Short 1 YM 24468, +20
Short 1 YM 24470, -5
Long 3 RTY 1523.4, 1523.4, 1523.4, +1.0, +2.0, -0.0
Long 2 NQ 6763.25, 6763.25, +5.0, -5.0
Short 1 NQ 6776.75, -0.0
Short 1 NQ 6780.0, +5.0
Short 1 RTY 1530.8, +1.2
Total YM +15
Total NQ +5.0
Total RTY +4.2
As traders, we tend to fall in love with our signalling minutia. We get down in the weeds of our numbers, our counts, our levels and our cross-overs. But Day Model supersedes all. And Test-n-Reject is the most common model among the three. It can be a beauty to behold, running below your boat like a Great White threatening to surface. It's simply ominous. Best when detected to simply your pull your tuna lines. What, you're going to try and hook a shark with a tuna line? ...good luck with that. Either climb on board its back and swim with it on ahead at bull speed, or step back and wait for a pullback you can sink your hooks into. At such times, break-out plays look genius.... at least for those of us dumb traders who can't wrap our heads around them so quickly as to recognize their potential in time... on days like this... when the undercurrent of a 2nd Trend Test-n-Reject model is lurking just under the surface of the murky waters beneath.
