Trade Summary
20190214
Long 1 YM 25329, -7
Short 1 YM 25352, -7
Short 1 RTY 1540.6, -0.1
Short 1 NQ 7013.75, -1.0
Short 2 RTY 1541.6, 1541.6, +1.3, -.0.0
Short 1 YM 25416, -7
Short 1 YM 25424, -3
Short 1 YM 25430, -7
Short 2 RTY 1542.4, 1542.4, +1.8, -0.7
Short 1 YM 25443, +23
Short 1 NQ 7024.0, +7.5
Total YM -8
Total NQ +6.75
Total RTY +2.3
The technique when fading the Serial Sequents is, first, acknowledge the probable Day Model in play and adjust stop-loss, size and exits accordingly. Fading the first trend action is always wisest, since the most common Day Model of all is Test n Reject.. I tried to faded the only buy signal offered in the early trend down after the opening, with a long in the YM. The action whipped me right out, and I fumbled with where to get back in.. Thereafter, I was left with fading the 2nd trend back up, and '2nd trends are where the surprises lay in wait. Today was no exception, but I did adjust stops to near break even when offered any profits after entry, and kept to minimum size. I didn't however, temper my targets correctly,
as I let several modest profits come and go thinking I might have identified an bigger pullback lower with my short choices... ...not.
There trick thereafter, is to stalk the eventually deeper pullback to establish something in-trend... but today that didn't appear until well into the 2nd frame when I was no longer in front of the screen. ...some days are better for trading than others....
