20180530
Long 2 NQ 6956.0, 6956.0, -1.75, -1.75
Long 3 NQ 6953.25, 6953.25, 6953.75, +6.0, +6.0, +4.0
Short 2 RTY 1642.4, 1642.4, +1.6, -1.6
Short 2 NQ 6971.5, 6970.5, +3.0, +7.0
Short 2 RTY 1644.0, 1644.0, +0.7, -1.0
Long 1 NQ 1644.5, -2.0
Long 1 NQ 1645.0, +5.0
Short 2 RTY 1645.4, 1645.4, +0.7, +2.5
Total NQ +25.5
Total RTY +2.9
Tues May 29 Trade Signal Summary
20180529
Long 2 YM 24510, 24510, +7, +35
Short 1 NQ 6942.0, -2.25
Short 2 NQ 6984.5, 6948.5, +2.0, -2.25
Short 1 YM 25548, -0
Short 1 YM 25546, -3
Short 2 RTY 1624.3, 1624.3, -1.5, -1.5
Short 4 RTY 1625.8, 1625.8, 1625.8, 1625.8, -1.5, -1.5, -1.5, -1.5
Short 3 NQ 6961.75, 6961.75, 6961.75, +2.0, +2.0, -2.5
Short 6 RTY 1627.2, 1627.2, 1627.2, 1627.2, 1627.2, 1627.2, -1.5, -1.5, -1.5, -1.5, -1.5, -1.5,
Short 6 RTY 1628.6, 1628.6, 1628.6, 1628.6, 1628.6, 1628.6, , -0.6, -0.6, -0.6, -0.6, -0.6, -0.6
Long 3 NQ 6941.5, 6941.5, 6941.5, +5.0, +5.0, +5.0
Total YM +38
Total NQ +12.0
Total RTY -21.6
Long 2 YM 24510, 24510, +7, +35
Short 1 NQ 6942.0, -2.25
Short 2 NQ 6984.5, 6948.5, +2.0, -2.25
Short 1 YM 25548, -0
Short 1 YM 25546, -3
Short 2 RTY 1624.3, 1624.3, -1.5, -1.5
Short 4 RTY 1625.8, 1625.8, 1625.8, 1625.8, -1.5, -1.5, -1.5, -1.5
Short 3 NQ 6961.75, 6961.75, 6961.75, +2.0, +2.0, -2.5
Short 6 RTY 1627.2, 1627.2, 1627.2, 1627.2, 1627.2, 1627.2, -1.5, -1.5, -1.5, -1.5, -1.5, -1.5,
Short 6 RTY 1628.6, 1628.6, 1628.6, 1628.6, 1628.6, 1628.6, , -0.6, -0.6, -0.6, -0.6, -0.6, -0.6
Long 3 NQ 6941.5, 6941.5, 6941.5, +5.0, +5.0, +5.0
Total YM +38
Total NQ +12.0
Total RTY -21.6
Fri May 25 Trade Signal Summary
20180525
Short 2 RTY 1627.4, 1627.4, +2.5, +2.5
Long 1 RTY 1624.4, -0.4
Long 2 RTY 1624.1, 1624.1, -0.5, -0.5
Long 3 RTY 1623.7, 1623.7, 1623.7, +1.0, +2.0, +2.8
Total RTY +9.4
Short 2 RTY 1627.4, 1627.4, +2.5, +2.5
Long 1 RTY 1624.4, -0.4
Long 2 RTY 1624.1, 1624.1, -0.5, -0.5
Long 3 RTY 1623.7, 1623.7, 1623.7, +1.0, +2.0, +2.8
Total RTY +9.4
Thurs May 24 Trade Signal Summary
20180524
Long 2 RTY 1625.3, 1625.5, +0.7, +1.3
Short 1 YM 24843, +60
Long 2 RTY 1618.0, 1618.0, +1.0, +2.5
Total YM +60
Total RTY +5.5
Long 2 RTY 1625.3, 1625.5, +0.7, +1.3
Short 1 YM 24843, +60
Long 2 RTY 1618.0, 1618.0, +1.0, +2.5
Total YM +60
Total RTY +5.5
Wed May 23 Trade Signal Summary
20180523
Short 2 RTY 1621.9, 1621.9, +.7, +1.0
Short 1 YM 24749, -0
Short 1 NQ 6873.75, -0.0
Long 1 RTY 1623.9, -0.7
Short 1 NQ 6879.0, +5.0
Long 1 YM 24732, +20
Short 2 NQ 6887.5, 6886.5, +2.0, -3.0
Short 1 RTY 1630.8, +3.0
Long 1 NQ 6887.0, -1.25
Long 1 NQ 6879.0, -2.0
Long 2 NQ 6878.5, 6878.5, -1.25, -1.25
Long 3 NQ 6876.75, 6876.75, 6876.75, -3.0, -3.0, -3.0
Long 1 NQ 6874.0, -2.5
Long 3 RTY 1626.9, 1626.9, 1626.9, -1.5, -1.5, -1.5
Long 3 NQ 1669.75, 1669.75, 1669.75, -2.5, -2.5, -2.5
Total YM +20
Total NQ -25.5
Total RTY -0.5
Short 2 RTY 1621.9, 1621.9, +.7, +1.0
Short 1 YM 24749, -0
Short 1 NQ 6873.75, -0.0
Long 1 RTY 1623.9, -0.7
Short 1 NQ 6879.0, +5.0
Long 1 YM 24732, +20
Short 2 NQ 6887.5, 6886.5, +2.0, -3.0
Short 1 RTY 1630.8, +3.0
Long 1 NQ 6887.0, -1.25
Long 1 NQ 6879.0, -2.0
Long 2 NQ 6878.5, 6878.5, -1.25, -1.25
Long 3 NQ 6876.75, 6876.75, 6876.75, -3.0, -3.0, -3.0
Long 1 NQ 6874.0, -2.5
Long 3 RTY 1626.9, 1626.9, 1626.9, -1.5, -1.5, -1.5
Long 3 NQ 1669.75, 1669.75, 1669.75, -2.5, -2.5, -2.5
Total YM +20
Total NQ -25.5
Total RTY -0.5
Tues May 22 Trade Signal Summary
20180522
Short 1 NQ 6947.75, -3.0
Short 2 RTY 1642.0, 1642.0, +1.2, +2.6
Short 1 NQ 6952.5, +8.0
Long 1 NQ 6943.75, -2.25
Long 2 NQ 6942.75, 6042.75, +3.0, -2.25
Long 2 RTY 1638.7, 1638.7, +1.0, +1.9
Long 2 NQ 6937.75, 6938.0, +2.0, -3.5
Short 2 RTY 1640.4, 1640.6, -0.7, -0.5
Long 3 NQ 6911.25, 6912.0, 6012.75, +3.0, +8.0, +2.0
Long 1 RTY 1636.2, -0.7
Long 3 NQ 6907.5, 6907.75, 6907.75, +10.0, +5.0, +2.0
Total NQ +30.5
Total RTY +4.8
Short 1 NQ 6947.75, -3.0
Short 2 RTY 1642.0, 1642.0, +1.2, +2.6
Short 1 NQ 6952.5, +8.0
Long 1 NQ 6943.75, -2.25
Long 2 NQ 6942.75, 6042.75, +3.0, -2.25
Long 2 RTY 1638.7, 1638.7, +1.0, +1.9
Long 2 NQ 6937.75, 6938.0, +2.0, -3.5
Short 2 RTY 1640.4, 1640.6, -0.7, -0.5
Long 3 NQ 6911.25, 6912.0, 6012.75, +3.0, +8.0, +2.0
Long 1 RTY 1636.2, -0.7
Long 3 NQ 6907.5, 6907.75, 6907.75, +10.0, +5.0, +2.0
Total NQ +30.5
Total RTY +4.8
Mon May 21 Trades & Journal
20180521
Short 1 NQ 6944.0, -3.0
Short 2 NQ 6947.0, 6947.0, +3, -1.5
Short 3 NQ 6956.0, 6956.0, 6956.0, +2.0, +2.0, +9.0
Short 1 YM 25026, +20
Long 1 YM 24986, -1
Long 1 NQ 6938.25, +2.0
Short 2 YM 25050, 25050, -10, -10
Short 1 NQ 6946.5, +7.0
Short 2 YM 25077, 25078, +7, +21
Total YM +27
Total NQ +20.5
Break-outs, (or 'break-downs', if direction makes a difference to your thinking) are more inconsistent than fades. Although Serial Sequent focuses only on a very precise fractal algorithm to focus fade entries, in truth, many attempts along the way of a trend to continue usually elicit an immediate rejection, and thus produce a profit when 'faded'. But it's the clean breakouts that produce the most immediate profits, and thus attract the most interest from 'momentum players' in the trading arena. ....but picking the right breakout levels and fractal algorithms is far trickier. The best breakouts--at least for my own trading, are those I usually miss. Either I don't see them coming, or I have discounted them, discarded them, or otherwise managed to dissuade myself of their potential. In other words, I have blocked them out of consideration. Whenever this happens to your trading for the appearance of a particular trade entry model, it is a huge opportunity to gleam the insight necessary for better trading. In trading, always go wherever your apprehensions are leading you away. Any thought that says 'that can't be true', is probably about to happen. Most reasons for you not taking a trade that is among your current Trade Plan entry models is one far more likely to produce the sought after profits--but from in the opposite trend direction than anticipated. Your apprehensions are a guidepost. In fact, they may be the best guidepost you can have for gauging the crowd. If you are so apprehensive of the event, so is the crowd, and it's trading AGAIST the crowd that produces the best results. Nowhere is this more prevalent than at sharply impulsive breakouts. That's why they move so well. They have come at a surprise to the majority. They are stopping out the crowd and proving them wrong. ...and nowhere is there a better place to take a position in the markets.
Study your trading with an eye to where you were at mentally in the precise action just at the precipice of those impulse breakouts. What was preventing you from taking that trade? Relive that moment. Savor the flavor of your misleading emotions. Those emotions will no doubt return to you. And although it's not really possible or wise to enter trades on the model of fading your own emotions, they can nonetheless be the beacon of light exposing the Trade Entry Model your Trader is being blocked from taking. Today, this happened to me in a very precise place. And although I was already finished trading for the frame, and only calling out in chat the technical models as they unfolded to the group of students who were still at their screens and in the chat room, I was completely unable to even consider a perfect breakout model example because of my faulty trade prejudices at the time. I've come back to study that place now more precisely. I'll go for coffee and give it some more thought. And then later, after I've gone on to other activities and forgotten about it completely for awhile, I'll revisit it again. Only in this way can you ever really learn to overcome some habit of blocking that is impeding the better aspects of the Trader behavior you are pursing. Be the Trade Plan, not the prejudice. Every negative apprehension is in fact it's own prediction, arriving in disguise. Predictions are crippling to the Trader. They belong to the world of the Analyst. The Analyst is not allowed to trade. Review the Trade Plan. Once the tape is going, it doesn't matter about the Analyst's or the Account's apprehensions. You are the Trader. Trade the Plan. A trade in the Trade Plan not taken is just as much an egregious trading error as a trade taken but unsuccessful. ...in fact, it may be more so.
Short 1 NQ 6944.0, -3.0
Short 2 NQ 6947.0, 6947.0, +3, -1.5
Short 3 NQ 6956.0, 6956.0, 6956.0, +2.0, +2.0, +9.0
Short 1 YM 25026, +20
Long 1 YM 24986, -1
Long 1 NQ 6938.25, +2.0
Short 2 YM 25050, 25050, -10, -10
Short 1 NQ 6946.5, +7.0
Short 2 YM 25077, 25078, +7, +21
Total YM +27
Total NQ +20.5
Break-outs, (or 'break-downs', if direction makes a difference to your thinking) are more inconsistent than fades. Although Serial Sequent focuses only on a very precise fractal algorithm to focus fade entries, in truth, many attempts along the way of a trend to continue usually elicit an immediate rejection, and thus produce a profit when 'faded'. But it's the clean breakouts that produce the most immediate profits, and thus attract the most interest from 'momentum players' in the trading arena. ....but picking the right breakout levels and fractal algorithms is far trickier. The best breakouts--at least for my own trading, are those I usually miss. Either I don't see them coming, or I have discounted them, discarded them, or otherwise managed to dissuade myself of their potential. In other words, I have blocked them out of consideration. Whenever this happens to your trading for the appearance of a particular trade entry model, it is a huge opportunity to gleam the insight necessary for better trading. In trading, always go wherever your apprehensions are leading you away. Any thought that says 'that can't be true', is probably about to happen. Most reasons for you not taking a trade that is among your current Trade Plan entry models is one far more likely to produce the sought after profits--but from in the opposite trend direction than anticipated. Your apprehensions are a guidepost. In fact, they may be the best guidepost you can have for gauging the crowd. If you are so apprehensive of the event, so is the crowd, and it's trading AGAIST the crowd that produces the best results. Nowhere is this more prevalent than at sharply impulsive breakouts. That's why they move so well. They have come at a surprise to the majority. They are stopping out the crowd and proving them wrong. ...and nowhere is there a better place to take a position in the markets.
Study your trading with an eye to where you were at mentally in the precise action just at the precipice of those impulse breakouts. What was preventing you from taking that trade? Relive that moment. Savor the flavor of your misleading emotions. Those emotions will no doubt return to you. And although it's not really possible or wise to enter trades on the model of fading your own emotions, they can nonetheless be the beacon of light exposing the Trade Entry Model your Trader is being blocked from taking. Today, this happened to me in a very precise place. And although I was already finished trading for the frame, and only calling out in chat the technical models as they unfolded to the group of students who were still at their screens and in the chat room, I was completely unable to even consider a perfect breakout model example because of my faulty trade prejudices at the time. I've come back to study that place now more precisely. I'll go for coffee and give it some more thought. And then later, after I've gone on to other activities and forgotten about it completely for awhile, I'll revisit it again. Only in this way can you ever really learn to overcome some habit of blocking that is impeding the better aspects of the Trader behavior you are pursing. Be the Trade Plan, not the prejudice. Every negative apprehension is in fact it's own prediction, arriving in disguise. Predictions are crippling to the Trader. They belong to the world of the Analyst. The Analyst is not allowed to trade. Review the Trade Plan. Once the tape is going, it doesn't matter about the Analyst's or the Account's apprehensions. You are the Trader. Trade the Plan. A trade in the Trade Plan not taken is just as much an egregious trading error as a trade taken but unsuccessful. ...in fact, it may be more so.
Fri May 18 Trade Signal Summary
20180518
Short 2 RTY 1629.2, 1629.2, -.4, -.5
Short 2 RTY 1629.7, 1629.7, -.5, -.6
Long 1 YM 24705, -3
Long 1 NQ 6873.5, +10.0
Long 2 NQ 6867.5, 6867.5, +2.0, +10.0
Short 1 NQ 6880.5, +5.0
Total YM -3
Total RTY -2.0
Total NQ +27.0
Short 2 RTY 1629.2, 1629.2, -.4, -.5
Short 2 RTY 1629.7, 1629.7, -.5, -.6
Long 1 YM 24705, -3
Long 1 NQ 6873.5, +10.0
Long 2 NQ 6867.5, 6867.5, +2.0, +10.0
Short 1 NQ 6880.5, +5.0
Total YM -3
Total RTY -2.0
Total NQ +27.0
Thur May 17 Trade Signal Summary
20180517
Long 1 NQ 6914.0, -2.0
Long 1 NQ 6908.0, +8.0
Short 2 NQ 6918.0, 6919.0, -3.0, +2.0
Short 2 NQ 2923.75, 6922.75, +3.0, +8.0
Short 2 RTY 1624.7, 1624.7, -0.1, -0.1
Short 2 NQ 6930.5, 6930.75, -3.0, -3.0
Short 3 NQ 6933.0, 6933.0, 6933.0, +3.0, +3.0, +5.5
Short 1 NQ 6934.25, -1.0
Short 2 RTY 1625.6, 1625.9, +.7, -1.0
Short 1 ES 2730.25, -0.0
Short 2 NQ 6955.5, 6956.5, -1.5, +2.25
Short 2 RTY 1629.0, 1628.9, -.5, +1.0
Short 1 NQ 6961.0, +10.0
Total ES -0.0
Total RTY -0.0
Total NQ +31.25
Long 1 NQ 6914.0, -2.0
Long 1 NQ 6908.0, +8.0
Short 2 NQ 6918.0, 6919.0, -3.0, +2.0
Short 2 NQ 2923.75, 6922.75, +3.0, +8.0
Short 2 RTY 1624.7, 1624.7, -0.1, -0.1
Short 2 NQ 6930.5, 6930.75, -3.0, -3.0
Short 3 NQ 6933.0, 6933.0, 6933.0, +3.0, +3.0, +5.5
Short 1 NQ 6934.25, -1.0
Short 2 RTY 1625.6, 1625.9, +.7, -1.0
Short 1 ES 2730.25, -0.0
Short 2 NQ 6955.5, 6956.5, -1.5, +2.25
Short 2 RTY 1629.0, 1628.9, -.5, +1.0
Short 1 NQ 6961.0, +10.0
Total ES -0.0
Total RTY -0.0
Total NQ +31.25
Wed May 16 Trade Signal Summary
20180516
Long 2 NQ 6898.75, 6897.75, +3.0, +6.0
Short 2 NQ 69.18.25, 6917.50, +2.0, -3.0
Short 2 RTY 1610.1, 1610.3, -1.5, ,-1.5
Short 1 NQ 6921.0, -2.25
Short 3 NQ 6922.25, 6922.25, 6920.25, +5.5, +5.0, +2.0
Short 2 YM 24719, 24723, -0.0, -13
Short 1 NQ 6928.75, -2.25
Short 2 NQ 6931.5, 6931.5, +2.0, -2.5
Total YM -13
Total NQ +15.5
Total RTY -3.0
Long 2 NQ 6898.75, 6897.75, +3.0, +6.0
Short 2 NQ 69.18.25, 6917.50, +2.0, -3.0
Short 2 RTY 1610.1, 1610.3, -1.5, ,-1.5
Short 1 NQ 6921.0, -2.25
Short 3 NQ 6922.25, 6922.25, 6920.25, +5.5, +5.0, +2.0
Short 2 YM 24719, 24723, -0.0, -13
Short 1 NQ 6928.75, -2.25
Short 2 NQ 6931.5, 6931.5, +2.0, -2.5
Total YM -13
Total NQ +15.5
Total RTY -3.0
Tues May 15 Trades & Journal
20180515
Short 2 RTY 1594.1, 1594.1, -1.4, -1.4
Short 3 RTY 1596.1, 1596.1, 1596.1, +1.4, +1.4, -0.5
Long 2 NQ 6875..5, 6875.5, +5.0, -5.5
Short 2 RTY 1597.6, 1598.2, +1.5, +1.2
Short 1 NQ 6880.2, -2.0
Short 3 NQ 6884.25, 6884.25, 6883.75, +6.0, +6.0, -0.0
Short 1 YM 24691, -0
Short 1 NQ 6884.75, -2.25
Short 1 NQ 6894.0, -2.25
Short 2 NQ 6897.5, 6897.5, 6897.75, -2.25, -2.25, -2.5
Short 4 NQ 6904.5, 6904.5, 6904.5, 6904.5, -3.0, -3.0, -3.0, -3.0
Short 5 YM 24723, 24723, 24723, 24723, 24723, +30, +30, +30, +30, +30
Total YM +150
Total NQ -14.0
Total RTY +2.2
If Test-n-Reject is the most common model of price in the 1st Frame of the day, then the 2nd trend is more likely to be true--and of a surprise--than the first. Emotionally, however, the 2nd trend is always easier to fade than the first. ...and here's the subtlety, for the more experienced trader, MISSING the turn of the 1st trend of the day can trigger a need to take trades in the less highly probable 2nd trend simply because of an overwhelming need to participate in the action, and to revenge the market for having successfully turned already without you. Today I was guilty of this rookie mistake, and the surprising strength of the 2nd trend in the NQ stopped me out successively, erasing all earlier NQ profits. Thus the YM trade became an act of revenge itself, and it was pure luck I was not also stopped out of that one. Somehow, I escaped my own blunders today, but I cannot claim in pride in my behavior. Respect the 2nd Trend of the frame. If the market has successfully turned from the 1st Trend price extreme, it's probably not a pullback in the first trend at all, but a roaring 2nd trend. And until it is sufficiently spent within the measurements of its own parameters instead of the measurements against the 1st trend from which it has come, all early fades will suffer the consequences. "Second trends are where the surprises hide", my mentor had to remind me. ....and even today, I still make that mistake.
Short 2 RTY 1594.1, 1594.1, -1.4, -1.4
Short 3 RTY 1596.1, 1596.1, 1596.1, +1.4, +1.4, -0.5
Long 2 NQ 6875..5, 6875.5, +5.0, -5.5
Short 2 RTY 1597.6, 1598.2, +1.5, +1.2
Short 1 NQ 6880.2, -2.0
Short 3 NQ 6884.25, 6884.25, 6883.75, +6.0, +6.0, -0.0
Short 1 YM 24691, -0
Short 1 NQ 6884.75, -2.25
Short 1 NQ 6894.0, -2.25
Short 2 NQ 6897.5, 6897.5, 6897.75, -2.25, -2.25, -2.5
Short 4 NQ 6904.5, 6904.5, 6904.5, 6904.5, -3.0, -3.0, -3.0, -3.0
Short 5 YM 24723, 24723, 24723, 24723, 24723, +30, +30, +30, +30, +30
Total YM +150
Total NQ -14.0
Total RTY +2.2
If Test-n-Reject is the most common model of price in the 1st Frame of the day, then the 2nd trend is more likely to be true--and of a surprise--than the first. Emotionally, however, the 2nd trend is always easier to fade than the first. ...and here's the subtlety, for the more experienced trader, MISSING the turn of the 1st trend of the day can trigger a need to take trades in the less highly probable 2nd trend simply because of an overwhelming need to participate in the action, and to revenge the market for having successfully turned already without you. Today I was guilty of this rookie mistake, and the surprising strength of the 2nd trend in the NQ stopped me out successively, erasing all earlier NQ profits. Thus the YM trade became an act of revenge itself, and it was pure luck I was not also stopped out of that one. Somehow, I escaped my own blunders today, but I cannot claim in pride in my behavior. Respect the 2nd Trend of the frame. If the market has successfully turned from the 1st Trend price extreme, it's probably not a pullback in the first trend at all, but a roaring 2nd trend. And until it is sufficiently spent within the measurements of its own parameters instead of the measurements against the 1st trend from which it has come, all early fades will suffer the consequences. "Second trends are where the surprises hide", my mentor had to remind me. ....and even today, I still make that mistake.
Mon May 14 Trade Signal Summary
20180514
Short 5 RTY 1614.6, 1614.6, 1615.3, 1615.6, 1615.9, -0.0, -0.0, +2.0, +2.0, +1.5
Long 2 RTY 1611.0, 1610.8, +1.4, +0.7
Short 1 NQ 7004.0, +5.0
Short 2 NQ 7006.0, 7007.0, -3.0, -3.0
Short 2 NQ 7013.0, 7012.75, +2.0, +6.5
Short 2 ES 2740.75, 2740.75, +1.0, +2.0
Total ES +3.0
Total NQ +7.5
Total RTY +7.6
Short 5 RTY 1614.6, 1614.6, 1615.3, 1615.6, 1615.9, -0.0, -0.0, +2.0, +2.0, +1.5
Long 2 RTY 1611.0, 1610.8, +1.4, +0.7
Short 1 NQ 7004.0, +5.0
Short 2 NQ 7006.0, 7007.0, -3.0, -3.0
Short 2 NQ 7013.0, 7012.75, +2.0, +6.5
Short 2 ES 2740.75, 2740.75, +1.0, +2.0
Total ES +3.0
Total NQ +7.5
Total RTY +7.6
Fri May 11 Trade Signal Summary
Trade Summary
20180511
Long 1 NQ 6946.0, -3.0
Long 2 NQ 6944.25, 6944.25, +4.0, +7.5
Short 2 NQ 6964.25, 6963.25, +4.0, +7.0
Short 2 RTY 1610.3, 1610.2, +1.2, +1.1
Short 1 RTY 1610.3, +1.1
Long 2 RTY 1606.5, 1606.5, +0.7, +1.0
Total NQ +19.5
Total RTY +5.1
20180511
Long 1 NQ 6946.0, -3.0
Long 2 NQ 6944.25, 6944.25, +4.0, +7.5
Short 2 NQ 6964.25, 6963.25, +4.0, +7.0
Short 2 RTY 1610.3, 1610.2, +1.2, +1.1
Short 1 RTY 1610.3, +1.1
Long 2 RTY 1606.5, 1606.5, +0.7, +1.0
Total NQ +19.5
Total RTY +5.1
Thur May 10 Trades & Journal
20180510
Short 1 NQ 6915.25, -2.0
Short 2 YM 24611, 24611, +10, +20
Short 3 RTY 1601.2, 1601.2, 1601.5, +1.0, -0.0, -0.3
Short 1 NQ 6930.5, +5.0
Short 2 RTY 1602.1, 1602.4, -0.8, +0.8
Short 2 YM 24622, 24628, -12, +10
Short 2 NQ 6934.5, 6934.0, +4.0, -2.0
Short 1 NQ 6936.25, -3.0
Short 1 NQ 6937.75, -1.5
Short 2 YM 24652, 24652, +10, -10
Short 2 RTY 1603.6, 1603.6, +0.8, -0.8
Short 2 YM 24655, 24655, -10, -10
Short 2 NQ 6941.74, 6941.75, +3.0, -3.0
Short 2 RTY 1604.0, 1604.0, -0.5, -0.5
Short 2 YM 24673, 24673, +10, -11
Short 1 NQ 6944.25, -2.0
Short 2 RTY 1604.4, 1604.4, -0.6, -0.6
Short 2 NQ 6949.0, 6949.0, +2.0, -1.0
Total YM +7
Total NQ -0.5
Total RTY -1.5
Persistent Trend Days are often the most difficult to trade. Ideally, a First Chance Texaco pullback will appear that allows you to get on board and in trend. ....but not today. Sometimes the secret to just staying alive on fades is to recognize the action and model earlier enough to plan for and adjust targets. For although the market will still pause at the Sequents and Substitute Sequents, a position that is not 'paid for' by a very modest partial exit will usually the suffering the indignity of being stopped out rather quickly. Keep most of your powder dry. Tomorrow is another day, and most day models are NOT the Persistent Trend.
Short 1 NQ 6915.25, -2.0
Short 2 YM 24611, 24611, +10, +20
Short 3 RTY 1601.2, 1601.2, 1601.5, +1.0, -0.0, -0.3
Short 1 NQ 6930.5, +5.0
Short 2 RTY 1602.1, 1602.4, -0.8, +0.8
Short 2 YM 24622, 24628, -12, +10
Short 2 NQ 6934.5, 6934.0, +4.0, -2.0
Short 1 NQ 6936.25, -3.0
Short 1 NQ 6937.75, -1.5
Short 2 YM 24652, 24652, +10, -10
Short 2 RTY 1603.6, 1603.6, +0.8, -0.8
Short 2 YM 24655, 24655, -10, -10
Short 2 NQ 6941.74, 6941.75, +3.0, -3.0
Short 2 RTY 1604.0, 1604.0, -0.5, -0.5
Short 2 YM 24673, 24673, +10, -11
Short 1 NQ 6944.25, -2.0
Short 2 RTY 1604.4, 1604.4, -0.6, -0.6
Short 2 NQ 6949.0, 6949.0, +2.0, -1.0
Total YM +7
Total NQ -0.5
Total RTY -1.5
Persistent Trend Days are often the most difficult to trade. Ideally, a First Chance Texaco pullback will appear that allows you to get on board and in trend. ....but not today. Sometimes the secret to just staying alive on fades is to recognize the action and model earlier enough to plan for and adjust targets. For although the market will still pause at the Sequents and Substitute Sequents, a position that is not 'paid for' by a very modest partial exit will usually the suffering the indignity of being stopped out rather quickly. Keep most of your powder dry. Tomorrow is another day, and most day models are NOT the Persistent Trend.
Wed May 9 Trade Signal Summary
20180509
Short 2 YM 24382, 24384, +10, +12
Long 3 NQ 6820.75, 6820.75, 6820.75, -2.5, -2.5, -2.5
Long 4 NQ 6820.25, 6820.25, 6820.25, 6820.25, +5.0, +5.0, +6.0, +10.0
Short 1 NQ 6833.0, -1.5
Short 1 NQ 6839.25, +10.25
Total YM +22
Total NQ +27.25
Short 2 YM 24382, 24384, +10, +12
Long 3 NQ 6820.75, 6820.75, 6820.75, -2.5, -2.5, -2.5
Long 4 NQ 6820.25, 6820.25, 6820.25, 6820.25, +5.0, +5.0, +6.0, +10.0
Short 1 NQ 6833.0, -1.5
Short 1 NQ 6839.25, +10.25
Total YM +22
Total NQ +27.25
Tues May 8 Trade Signal Summary
Trade Summary
20180508
Long 1 NQ 6798.0, -3.0
Long 2 NQ 6796.0, 6796.0, +5.0, -2.0
Long 2 NQ 6791.0, 6791.0, +3.0, -3.25
Long 3 NQ 6786.75, 6786.75, 6786.75, -3.25, -3.25, -3.25
Long 3 NQ 6784.5, 6784.5, 6784.5, +5.0, +5.0, +14.0
Long 2 RTY 1579.9, 1579.9, +1.1, +3.0
Short 2 RTY 1586.4, 1586.4, -0.7, -0.7
Long 1 RTY 1583.4, +2.3
Short 1 NQ 6814.5, -1.75
Total NQ +12.25
Total RTY +5.0
20180508
Long 1 NQ 6798.0, -3.0
Long 2 NQ 6796.0, 6796.0, +5.0, -2.0
Long 2 NQ 6791.0, 6791.0, +3.0, -3.25
Long 3 NQ 6786.75, 6786.75, 6786.75, -3.25, -3.25, -3.25
Long 3 NQ 6784.5, 6784.5, 6784.5, +5.0, +5.0, +14.0
Long 2 RTY 1579.9, 1579.9, +1.1, +3.0
Short 2 RTY 1586.4, 1586.4, -0.7, -0.7
Long 1 RTY 1583.4, +2.3
Short 1 NQ 6814.5, -1.75
Total NQ +12.25
Total RTY +5.0
Mon May 7 Trades and Journal
20180507
Short 2 YM 24345, 24341, -10, -15
Short 3 ES 2678.0, 2678.0, 2678.0, +1.25, +1.25, -0.25
Short 1 YM 24400, -7
Short 2 RTY 1575.9, 1575.9, +1.0, -1.1
Short 2 RTY 1577.1, 1577.1, -0.8, -0.8
Long 1 NQ 6821.0, +10.0
Short 2 RTY 1577.8, 1577.8, +1.0, -0.9
Short 2 NQ 6843.25, 6842.75, +4.0, +13.0
Short 2 RT 1579.8, 1580.1, +4.7, +1.0
Total ES +2.25
Total YM -32
Total NQ +27.0
Total RTY +4.1
Sometimes the strength of the underlying trend can produce surprising resurgence. And the appearance of such resurgent thrusts can also lend itself to more shallow pullbacks to the trend than would normally be desired for in-trend pullback entries. Since peaks in momentum show up on your instrument panel with those strong resurgent trend thrusts, you are even more hesitant to get into a pullback opportunity too early, for fear the over-extended trend has not had time to full correct itself. One method of accommodating this situation is to use a small initial size when these shallow, early pullback opportunities present themselves.
Use a stop order to enter in-trend for small lots when a larger pullback is otherwise expected. This will allow you to be stopped into the resurgent direction even though a better pullback level was not reached. Once in, trail the position with a stop loss order slowly, watching first for a new extreme to the prevailing trend that has been so surprising. That new price extreme might also provide surprising results. Milk your small position with a low trailing stop until it has reached extremes in momentum again, thus providing a 'double tap' on your momentum instrument panel. With these new profits in hand as cushion, you will be better position to attempt fading the trend again.
But this time, be sure to gather sufficient evidence of WorkDone, as early and shallow pullbacks that provide resurgent price extremes to the original trend of the frame are an early sign of a Persistent Trend Day, and thus all 1st Frame fading could be peppered with stop-outs until a more complex, 1st Chance Texaco pullback arrives for a larger, in-trend position to be risked. "Position yourself to be surprised," or so did my mentor have to frequently remind me. And trust this: that is what the market is really all about, the achievement of surprise. Cue the sage Heraclitus: "Expect the unexpected." And just how can such a paradox as that be incorporated into a Trade Plan? 'If this ________, then _________that is what I will do.' Accept the outcome, regardless of whether it is a surprise to your initial entries. Your contingencies kick in, and positions can then be taken that you might actually disagree with emotionally. "This can't be true", your head may be saying. But the Trader is commissioned to follow his plan. Quit thinking. It's all in the Plan. Follow the Plan. Thinking is for the Analyst. ...and the Analyst is NOT allowed in the live trading room.
Short 2 YM 24345, 24341, -10, -15
Short 3 ES 2678.0, 2678.0, 2678.0, +1.25, +1.25, -0.25
Short 1 YM 24400, -7
Short 2 RTY 1575.9, 1575.9, +1.0, -1.1
Short 2 RTY 1577.1, 1577.1, -0.8, -0.8
Long 1 NQ 6821.0, +10.0
Short 2 RTY 1577.8, 1577.8, +1.0, -0.9
Short 2 NQ 6843.25, 6842.75, +4.0, +13.0
Short 2 RT 1579.8, 1580.1, +4.7, +1.0
Total ES +2.25
Total YM -32
Total NQ +27.0
Total RTY +4.1
Sometimes the strength of the underlying trend can produce surprising resurgence. And the appearance of such resurgent thrusts can also lend itself to more shallow pullbacks to the trend than would normally be desired for in-trend pullback entries. Since peaks in momentum show up on your instrument panel with those strong resurgent trend thrusts, you are even more hesitant to get into a pullback opportunity too early, for fear the over-extended trend has not had time to full correct itself. One method of accommodating this situation is to use a small initial size when these shallow, early pullback opportunities present themselves.
Use a stop order to enter in-trend for small lots when a larger pullback is otherwise expected. This will allow you to be stopped into the resurgent direction even though a better pullback level was not reached. Once in, trail the position with a stop loss order slowly, watching first for a new extreme to the prevailing trend that has been so surprising. That new price extreme might also provide surprising results. Milk your small position with a low trailing stop until it has reached extremes in momentum again, thus providing a 'double tap' on your momentum instrument panel. With these new profits in hand as cushion, you will be better position to attempt fading the trend again.
But this time, be sure to gather sufficient evidence of WorkDone, as early and shallow pullbacks that provide resurgent price extremes to the original trend of the frame are an early sign of a Persistent Trend Day, and thus all 1st Frame fading could be peppered with stop-outs until a more complex, 1st Chance Texaco pullback arrives for a larger, in-trend position to be risked. "Position yourself to be surprised," or so did my mentor have to frequently remind me. And trust this: that is what the market is really all about, the achievement of surprise. Cue the sage Heraclitus: "Expect the unexpected." And just how can such a paradox as that be incorporated into a Trade Plan? 'If this ________, then _________that is what I will do.' Accept the outcome, regardless of whether it is a surprise to your initial entries. Your contingencies kick in, and positions can then be taken that you might actually disagree with emotionally. "This can't be true", your head may be saying. But the Trader is commissioned to follow his plan. Quit thinking. It's all in the Plan. Follow the Plan. Thinking is for the Analyst. ...and the Analyst is NOT allowed in the live trading room.
Fri May 4 Trade Signal Summary
20180504
Short 2 YM 23763, 23763, +30, +40
Short 1 YM 23855, -12
Short 2 RTY 1548.1, 1548.1, +1.2, +2.0
Short 1 YM 23879, +20
Short 1 NQ 6689.75, +7.75
Total YM +78
Total NQ +7.75
Total RTY +3.2
Short 2 YM 23763, 23763, +30, +40
Short 1 YM 23855, -12
Short 2 RTY 1548.1, 1548.1, +1.2, +2.0
Short 1 YM 23879, +20
Short 1 NQ 6689.75, +7.75
Total YM +78
Total NQ +7.75
Total RTY +3.2
Thurs May 3 Trades and Journal
20180503
Long 1 NQ 6594.25, +5.0
Long 1 NQ 6595.25, +5.0
Long 1 ES 2613.75, +3.0
Short 1 NQ 6625.0, -3.0
Short 2 NQ 6631.75, 6631.75, -2.25, -2.25
Short 3 NQ 6638.0, 6638.0, 6638.0, +5.0, +6.0, +10
Long 2 NQ 6607.75, 6607.75, +2.0, -3.5
Long 2 RTY 1540.9, 1540.2, -1.5, -1.5
Long 4 RTY 1537.8, 1537.8, 1537.8, 1537.5, +0.7, +0.7, -1.0, -1.0
Long 2 NQ 6580.25, 6580.25, +10.0, +5.0
Long 1 NQ 6573.75, -2.25
Long 2 RTY 1533.5, 1533.5, -1.5, -1.5
Long 2 NQ 6556.0, 6556.0, +5.0, -0.5
Long 2 NQ 6552.25, 6552.25, -2.25, -2.25
Long 2 NQ 6542.75, 6542.75, +5.0, -0.5
Total ES +3.0
Total NQ +39.25
Total RTY -6.6
A good example today of what so often happens when given the choice--after reaching a daily profit goal--whether to get sucked into the alluring volatility and continue with trades or quit with so much time left in the frame. Sometimes the choice isn't even the inducement of further volatility....sometimes I quit when ahead when I just feel the need for some strong coffee... but today, for whatever reason I had or didn't have, to quit while ahead, I continued trading. In this case, it might be fairly said I was induced into proving the methods I use would work against an aggressive selling trend. But the ride was so rough that the profits I made in one contract were easily overtaken by the losses in another. Net nothing. Have a daily profit goal. The more you trade after that, the greater the number of opportunities you have at trading errors and losses. Just the extended concentration alone will begin to cause errors and poor execution timing.
Long 1 NQ 6594.25, +5.0
Long 1 NQ 6595.25, +5.0
Long 1 ES 2613.75, +3.0
Short 1 NQ 6625.0, -3.0
Short 2 NQ 6631.75, 6631.75, -2.25, -2.25
Short 3 NQ 6638.0, 6638.0, 6638.0, +5.0, +6.0, +10
Long 2 NQ 6607.75, 6607.75, +2.0, -3.5
Long 2 RTY 1540.9, 1540.2, -1.5, -1.5
Long 4 RTY 1537.8, 1537.8, 1537.8, 1537.5, +0.7, +0.7, -1.0, -1.0
Long 2 NQ 6580.25, 6580.25, +10.0, +5.0
Long 1 NQ 6573.75, -2.25
Long 2 RTY 1533.5, 1533.5, -1.5, -1.5
Long 2 NQ 6556.0, 6556.0, +5.0, -0.5
Long 2 NQ 6552.25, 6552.25, -2.25, -2.25
Long 2 NQ 6542.75, 6542.75, +5.0, -0.5
Total ES +3.0
Total NQ +39.25
Total RTY -6.6
A good example today of what so often happens when given the choice--after reaching a daily profit goal--whether to get sucked into the alluring volatility and continue with trades or quit with so much time left in the frame. Sometimes the choice isn't even the inducement of further volatility....sometimes I quit when ahead when I just feel the need for some strong coffee... but today, for whatever reason I had or didn't have, to quit while ahead, I continued trading. In this case, it might be fairly said I was induced into proving the methods I use would work against an aggressive selling trend. But the ride was so rough that the profits I made in one contract were easily overtaken by the losses in another. Net nothing. Have a daily profit goal. The more you trade after that, the greater the number of opportunities you have at trading errors and losses. Just the extended concentration alone will begin to cause errors and poor execution timing.
Wed May 2 Trade Signal Summary
Long ES 2645.25, -.5
Long ES 2645.25, +2.0
Short 1 NQ 6685.25, -2.0
Short 2 NQ 6687.25, 6687.25, +3.0, -4.0
Long 2 YM 23968, 23968, +12, +30
Long 1 ES 2643.25, +1.0
Short 1 NQ 6700.5, +10.0
Short 1 NQ 6703.5, -2.0
Short 2 NQ 6705.5, 6706.5 +2.0, -0.0
Short 2 RTY 1557.7, 1557.7, +.7, +1.5
Long 1 NQ 6686.5, -2.0
Short 1 NQ 6686.25, -2.0
Short 2 RTY 1560.6, 1560.4, +1.5, -0.2
Short 2 NQ 6686.5, 6686.5, +8.0, -0.5
Total ES +2.5
Total YM +42
Total NQ +10.5
Total RTY +2.2
Long ES 2645.25, +2.0
Short 1 NQ 6685.25, -2.0
Short 2 NQ 6687.25, 6687.25, +3.0, -4.0
Long 2 YM 23968, 23968, +12, +30
Long 1 ES 2643.25, +1.0
Short 1 NQ 6700.5, +10.0
Short 1 NQ 6703.5, -2.0
Short 2 NQ 6705.5, 6706.5 +2.0, -0.0
Short 2 RTY 1557.7, 1557.7, +.7, +1.5
Long 1 NQ 6686.5, -2.0
Short 1 NQ 6686.25, -2.0
Short 2 RTY 1560.6, 1560.4, +1.5, -0.2
Short 2 NQ 6686.5, 6686.5, +8.0, -0.5
Total ES +2.5
Total YM +42
Total NQ +10.5
Total RTY +2.2
Tues May 1 Trade Signal Summary
Short 1 NQ 6604.75, +10.0
Long 2 NQ 6581.5, 6581.5, +5.0, +20
Total NQ +35.0
Long 2 NQ 6581.5, 6581.5, +5.0, +20
Total NQ +35.0
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