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.
