Total 2018 Trade Summary
20181119
Short 2 NQ 6837.75, 6837.75, +5.0, +10.0
Short 1 RTY 1525.2, -0.7
Short 2 RTY 1527.3, 1527.3, +0.3, -0.5
Long 2 NQ 6805.0, 6805.0, -2.5, -2.5
Long 3 NQ 6801.0l 6801, 6801.0, +3.0, -1.75, -1.75
Long 3 RTY 1517.5, 1517.5, 1517.7, -1.4, -1.4, -1.5
Long 1 YM 25259, -7
Long 3 NQ 6775.0, 6775.0, 6775.0, -3.0, -3.0, -3.0
Long 4 NQ 6755.0, 6755.0, 6755.0, 6755.0, +8.0, +8.0, +10.0, +14.0
Long 1 NQ 6747.0, -2.5
Long 2 NQ 6745.5, 6745.5, -2.75, -2.75
Long 3 NQ 6740.0, 6740.0, 6740.0, -3.25, -3.25, -3.25
Long 4 NQ 6740.0, 6740.0, 6740.0, 6740.0, +8.0, +8.0, +10, -0.5
Long 1 NQ 6739.50, -2.5
Long 2 NQ 6739.75, 6739.75, +5.0, -5.25
Long 1 YM 25130, +80
Short 2 RTY 1520.5, 1520.2, +2.1, +1.0
Total YM +73
Total NQ +45.5
Total RTY -2.1
As pointed out as an noteworthy market observation many years ago in the book Pivots and Patterns..,
an ORB Pennant often preclude a Persistent Trend Day in the direction of the breakout... but it took a student
to remind me of this in the chat room today, who wisely quit his trading after the profits from today's ORB Pennant breakdown, and watched with apparent amusement as I first lost those same profits, then went into a hole, and then had to go hunting for big game to dig myself out.... which gratefully did finally arrive for a decent recovery rally, finally, towards the end of the first frame... Trend prejudice, once in place, is a hard thing to shake. And I cannot account for my bullish prejudice in today's mini crash, but clearly paid for it, forcing me to put Serial Sequent and the oversold momentum readings of 3 TTI indicators to a risky, waterfall test. And to stress that my bullish stance had still not been squelched by the early brutal liquidation, when a near perfect short opportunity to the ensuing bear appeared in the action of the bouncing RTY, I was shaken out of it with a meager profit at the first sign of adversity, only to watch it careen back downward and onto to new lows....without me.. One has to marvel at the ability of the market to dissuade from its underlying intent. ....like the way I could not grasp nor believe in the extent of the amazing bull heights the market could achieve on the way up these past many years. ...and must question myself on such a day as today, if I am to face the same but opposite prejudice of disbelief if finally the Ursa Major has at last awoken from her slumbers, and is intent to dominate the current landscape of spectators, like me, with mouths agape.
