20190628
Long 2 NQ 7683.0, 7682.0, +3.0, -3.25
Long 2 RTY 1557.5, 1557.5, -0.0, -0.0
Long 2 YM 26525, 26525, +10, +25
Long 2 NQ 7665.0, 7665.0, +6.0, +10.0
Long 1 RTY 1557.0, +2.5
Total YM +35
Total NQ +15.75
Total RTY +2.5
The market tends to deliver the better trades at the more emotionally difficult places, and the less likely successful trades at places of near-comfort. Therefore, trading is more akin to swimming up stream, and best practice against the current of disbelief and fear. If the trade feels good, or was easy to take, you're probably about to get whacked. Thus so, Test-n-Reject is the most common Day Model presented to market participants each day. And the simple, almost whimsical words of my mentor, who cut his teeth in the cotton market of New Orleans always comes to mind, "If it goes down fast, it seldom lasts. It was not until the discovery of Serial Sequent, the True Trend Momentum, and the application of a Pivot / Exhaustion Grid (in lieu of the various Support / Resistance Grids like Fibonacci and Market Profile more commonly in use) that I was able to capitalize on Randolph Newman's wise observation. For more from Randy and his market wisdom, see the books 'Pivots, Pattern and Intraday Swing Trades', and the companion piece 'True Self', both available on Amazon.com. ...and a good weekend to all...
