20190731
Short 1 YM 27240, -7
Short 1 NQ 79810, -2.25
Short 1 NQ 7984.0, +11.25
Long 1 YM 27224, +8
Short 1 NQ 7991.5, +5.25
Long 1 NQ 7977.75, -2.50
Long 1 NQ 7969.5, +5.50
Short 1 NQ 7983.25, -1.5
Short 1 YM 27183, -5
Short 1 RTY 1581.1, -0.3
Total YM -4
Total NQ +16.0
Total RTY -0.3
Tues Jul 30 Trade Signal Summary
20190730
Short 1 NQ 7970.0, +12.0
Short 1 RTY 1566.0, +1.0
Short 1 YM 27160, -7
Short 2 YM 27176, 27176, +10, -2
Short 1 RTY 1571.5, -0.7
Short 2 YM 27180, 27180, +10, +14
Short 2 RTY 1573.3, 1573.3, -0.4, -0.4
Short 1 RTY 1575.5, -0.7
Short 1 NQ 7975.5, +5.0
Short 1 RTY 1578.2, +0.6
Short 2 RTY 1579.5, 1579.5, +1.0, +2.0
Total YM +25
Total NQ +17.0
Total RTY +2.4
Short 1 NQ 7970.0, +12.0
Short 1 RTY 1566.0, +1.0
Short 1 YM 27160, -7
Short 2 YM 27176, 27176, +10, -2
Short 1 RTY 1571.5, -0.7
Short 2 YM 27180, 27180, +10, +14
Short 2 RTY 1573.3, 1573.3, -0.4, -0.4
Short 1 RTY 1575.5, -0.7
Short 1 NQ 7975.5, +5.0
Short 1 RTY 1578.2, +0.6
Short 2 RTY 1579.5, 1579.5, +1.0, +2.0
Total YM +25
Total NQ +17.0
Total RTY +2.4
Mon Jul 29 Trade Signals and Journal
20190729
Long 1 NQ 7998.5, -2.0
Long 2 NQ 7995.0, 7994.5, -2.25, -2.25
Long 3 NQ 7989.0, 7989.0, 7989.0, -3.0, -3.0, -3.0
Short 1 NQ 7995.0, +7.0
Long 1 NQ 7984.0, -2.0
Long 2 NQ 7980.0, 7980.0, -1.25, -1.25
Long 3 NQ 7977.0, 7977.0, 7977.0, -1.25, -1.25, -1.25
Long 1 RTY 1572.8, -0.5
Long 1 NQ 7963.0, +5.0, -1.5, -1.5
Short 2 NQ 7971.75, 7971.75, -2.25, -2.25
Short 2 YM 27205, 27205, -2, -2
Short 3 NQ 7972.5, 7972.5, 7972.5, -2.25, -2.25 -2.25
Short 4 HNQ 7975.0, 7975.0, 7975.0, 7975.0, +7.0, +5.0, +5.0, +5.0
Short 2 NQ 7988.0, 7987.25, -3.5, -1.25
Short 2 NQ 7990.0, 7990, +6.5, +8.0
Total YM -4
Total RTY -0.5
Total NQ +11.0
It is usually the NQ that holds up best and shows the best bull response when approaching the end of a First Trend. As such, it usually provides the best action in recovery by virtue of this relative strength. ....but not today. By the time it was nearly reaching the Pivot Ledge from the previous week's spike down take-out selling, I was down my daily loss goal, plus about $100 more, all in the NQ alone... and I couldn't find any offsetting signals in either the YM nor the RTY, which normally provide me some valuable hedge against extreme's elsewhere. It was not until the first time marker of the day, aka the 10:30 Trend Check, and again at the Noon Hour High, did I even find enough of a pullback short opportunities to get back to even. Had it not been for the signal confirmations of those two time markers, I would have surely left the day with my losses in place.
Read about Time Markers in the book Pivots, Patterns and Intraday Swing Trades, and keep your maximum allowable loss in front of you on bad days... It's far more important to be able to come back the next day, when conditions are likely to have changed, than attempt to dig yourself out of a hole when signal information becomes too sparse without the help of such items as the Time Markers.
Long 1 NQ 7998.5, -2.0
Long 2 NQ 7995.0, 7994.5, -2.25, -2.25
Long 3 NQ 7989.0, 7989.0, 7989.0, -3.0, -3.0, -3.0
Short 1 NQ 7995.0, +7.0
Long 1 NQ 7984.0, -2.0
Long 2 NQ 7980.0, 7980.0, -1.25, -1.25
Long 3 NQ 7977.0, 7977.0, 7977.0, -1.25, -1.25, -1.25
Long 1 RTY 1572.8, -0.5
Long 1 NQ 7963.0, +5.0, -1.5, -1.5
Short 2 NQ 7971.75, 7971.75, -2.25, -2.25
Short 2 YM 27205, 27205, -2, -2
Short 3 NQ 7972.5, 7972.5, 7972.5, -2.25, -2.25 -2.25
Short 4 HNQ 7975.0, 7975.0, 7975.0, 7975.0, +7.0, +5.0, +5.0, +5.0
Short 2 NQ 7988.0, 7987.25, -3.5, -1.25
Short 2 NQ 7990.0, 7990, +6.5, +8.0
Total YM -4
Total RTY -0.5
Total NQ +11.0
It is usually the NQ that holds up best and shows the best bull response when approaching the end of a First Trend. As such, it usually provides the best action in recovery by virtue of this relative strength. ....but not today. By the time it was nearly reaching the Pivot Ledge from the previous week's spike down take-out selling, I was down my daily loss goal, plus about $100 more, all in the NQ alone... and I couldn't find any offsetting signals in either the YM nor the RTY, which normally provide me some valuable hedge against extreme's elsewhere. It was not until the first time marker of the day, aka the 10:30 Trend Check, and again at the Noon Hour High, did I even find enough of a pullback short opportunities to get back to even. Had it not been for the signal confirmations of those two time markers, I would have surely left the day with my losses in place.
Read about Time Markers in the book Pivots, Patterns and Intraday Swing Trades, and keep your maximum allowable loss in front of you on bad days... It's far more important to be able to come back the next day, when conditions are likely to have changed, than attempt to dig yourself out of a hole when signal information becomes too sparse without the help of such items as the Time Markers.
Fri Jul 26 Trade Signal Summary
20190726
Short 2 RTY 1572.6, 1573.0, +1.6, +4.0
Long 1 NQ 8018.0, +5.0
Short 2 RTY 1573.4, 1573.5, +1.0, +2.0
Total NQ +5.0
Total RTY +8.6
Short 2 RTY 1572.6, 1573.0, +1.6, +4.0
Long 1 NQ 8018.0, +5.0
Short 2 RTY 1573.4, 1573.5, +1.0, +2.0
Total NQ +5.0
Total RTY +8.6
Thur Jul 25 Trade Signals & Journal
20190725
Short 1 RTY 1577.5, -0.2
Short 1 RTY 1579.6, +2.0
Short 1 NQ 7969.25, +10.0
Total NQ +10.0
Total RTY +1.8
Just a quick note. ...had an appointment and had to miss the opening. Kuddo's to students who took the Serial Sequent algorithm signals for both the longs at the initial 1st trend lows, and then along with me for my first trade, shorting initial reaction pullback highs in NQ and RTY. So proud to see my work passed along to such sincere enthusiasts. Great work.... cya manana !!
Short 1 RTY 1577.5, -0.2
Short 1 RTY 1579.6, +2.0
Short 1 NQ 7969.25, +10.0
Total NQ +10.0
Total RTY +1.8
Just a quick note. ...had an appointment and had to miss the opening. Kuddo's to students who took the Serial Sequent algorithm signals for both the longs at the initial 1st trend lows, and then along with me for my first trade, shorting initial reaction pullback highs in NQ and RTY. So proud to see my work passed along to such sincere enthusiasts. Great work.... cya manana !!
Wed Jul 24 Trade Signal Summary
20190724
Short 1 NQ 7965.0, -2.25
Short 2 RTY 1569.2, 1569.2, +2.0, -1.5
Short 2 NQ 7967.0, 7967.0, +3.0, +5.0
Short 2 RTY 1559.4, 1559.4, -1.5, -1.5
Short 4 RTY 1560.8, 1560.8, 1560.8, 1561.0, +2.3, +2.3, +2.5, +2.0
Short 1 NQ 7980.5, -2..0
Short 1 RTY 1564.3, +2.0
Short 1 YM 27277, +20
Total YM +20
Total NQ +5.75
Total RTY +8.6
Short 1 NQ 7965.0, -2.25
Short 2 RTY 1569.2, 1569.2, +2.0, -1.5
Short 2 NQ 7967.0, 7967.0, +3.0, +5.0
Short 2 RTY 1559.4, 1559.4, -1.5, -1.5
Short 4 RTY 1560.8, 1560.8, 1560.8, 1561.0, +2.3, +2.3, +2.5, +2.0
Short 1 NQ 7980.5, -2..0
Short 1 RTY 1564.3, +2.0
Short 1 YM 27277, +20
Total YM +20
Total NQ +5.75
Total RTY +8.6
Tues Jul 23 Trade Signal Summary
20190723
Long 1 RTY 1551.2, -0.3
Long 1 RTY 1550.0, +2.3
Long 1 NQ 7941.5, +5.0
Long 1 NQ 7937.0, +5.0
Short 1 RTY 1552.7, -1.4
Short 1 RTY 1554.5, +1.5
Long 1 NQ 7922.0, +0.25
Long 1 NQ 7919.0, -2.0
Long 1 NQ 7917.0, -0.0
Long 2 NQ 7914.0, 7915.5, +3.0, +5.0
Short 2 NQ 7932.0, 7933.5, -3.25, +3.0
Total NQ +16.0
Total RTY +2.1
Long 1 RTY 1551.2, -0.3
Long 1 RTY 1550.0, +2.3
Long 1 NQ 7941.5, +5.0
Long 1 NQ 7937.0, +5.0
Short 1 RTY 1552.7, -1.4
Short 1 RTY 1554.5, +1.5
Long 1 NQ 7922.0, +0.25
Long 1 NQ 7919.0, -2.0
Long 1 NQ 7917.0, -0.0
Long 2 NQ 7914.0, 7915.5, +3.0, +5.0
Short 2 NQ 7932.0, 7933.5, -3.25, +3.0
Total NQ +16.0
Total RTY +2.1
Mon Jul 22 Trade Signal Summary
20190722
Long 1 NQ 7879.0, +10.0
Short 1 NQ 7893.0, -2.25
Short 1 NQ 7899.0, -2.0
Short 1 RTY 1555.5, -1.5
Short 2 NQ 7907.0, 7908.0, +3.0,, -3.25
Short 2 RTY 1557.2, 1557.2, +1.0, +3.0
Short 1 YM 27210, +20
Long 1 RTY 1553.0, -0.7
Long 5 RTY 1551.7, 1551.8, 1551.6, 1551.1, 1550.5, +0.7, +1.0, +1.0, +1.3, +2.0
Long 1 NQ 7901.0 -2.0
Long 1 NQ 7900.0, -2.25
Long 2 NQ 7899.0, 7899.0, -2.25, -2.25
Long 2 NQ 7898.0, 7898.0, -2.25, -2.25
Long 1 NQ 7898.0, -2.0
Long 1 RTY 1546.5, +1.5
Total YM +20
Total NQ -9.75
Total RTY +9.3
Long 1 NQ 7879.0, +10.0
Short 1 NQ 7893.0, -2.25
Short 1 NQ 7899.0, -2.0
Short 1 RTY 1555.5, -1.5
Short 2 NQ 7907.0, 7908.0, +3.0,, -3.25
Short 2 RTY 1557.2, 1557.2, +1.0, +3.0
Short 1 YM 27210, +20
Long 1 RTY 1553.0, -0.7
Long 5 RTY 1551.7, 1551.8, 1551.6, 1551.1, 1550.5, +0.7, +1.0, +1.0, +1.3, +2.0
Long 1 NQ 7901.0 -2.0
Long 1 NQ 7900.0, -2.25
Long 2 NQ 7899.0, 7899.0, -2.25, -2.25
Long 2 NQ 7898.0, 7898.0, -2.25, -2.25
Long 1 NQ 7898.0, -2.0
Long 1 RTY 1546.5, +1.5
Total YM +20
Total NQ -9.75
Total RTY +9.3
Fir Jul 19 Trade Signal Summary
20190719
Long 1 NQ 7954.5, -2.0
Long 1 NQ 7973.0, +3.0
Short 1 YM 27316, -7
Long 1 YM 27280, -8
Long 1 NQ 7950.25, -2.25
Short 1 YM 27292, -10
Short 2 RTY 1564.5, 1565.0, +4.1, +0.8
Long 1 NQ 7925.25, -1.5
Short 2 NQ 7923.75, +5.0
Short 1 YM 27296, -7
Total YM -32
Total NQ -0.75
Total RTY +4.9
Long 1 NQ 7954.5, -2.0
Long 1 NQ 7973.0, +3.0
Short 1 YM 27316, -7
Long 1 YM 27280, -8
Long 1 NQ 7950.25, -2.25
Short 1 YM 27292, -10
Short 2 RTY 1564.5, 1565.0, +4.1, +0.8
Long 1 NQ 7925.25, -1.5
Short 2 NQ 7923.75, +5.0
Short 1 YM 27296, -7
Total YM -32
Total NQ -0.75
Total RTY +4.9
Thur Jul 18 Trade Signal Summary
20190718
Long 1 RTY 1549.0, -0.0
Long 2 NQ 7884.0, 7883.0, -2.0, -2.0
Long 1 YM 27178, +20
Short 2 RTY 1551.5, 1551.8, +1.0, -0.7
Short 3 RTY 1553.0, 1553.0, 1557.3 +1.1, -1.0, -0.4
Long 1 NQ 7889.0, -2.25
Long 2 NQ 7987.5, 7987.5, -2.25, -2.25
Long 1 NQ 7975.25, +6.0
Long 1 NQ 7974.0, -2.0
Long 1 NQ 7969.0, -2.25
Short 1 YM 27142, -7
Long 1 YM 27079, -0
Long 1 NQ 7854.0, -1.5
Long 1 NQ 7850.0, -0.75
Long 1 NQ 7846.0, +4.0
Total YM +13
Total NQ -7.25
Total RTY -0
Some days it seems the market just laughs at you....
Long 1 RTY 1549.0, -0.0
Long 2 NQ 7884.0, 7883.0, -2.0, -2.0
Long 1 YM 27178, +20
Short 2 RTY 1551.5, 1551.8, +1.0, -0.7
Short 3 RTY 1553.0, 1553.0, 1557.3 +1.1, -1.0, -0.4
Long 1 NQ 7889.0, -2.25
Long 2 NQ 7987.5, 7987.5, -2.25, -2.25
Long 1 NQ 7975.25, +6.0
Long 1 NQ 7974.0, -2.0
Long 1 NQ 7969.0, -2.25
Short 1 YM 27142, -7
Long 1 YM 27079, -0
Long 1 NQ 7854.0, -1.5
Long 1 NQ 7850.0, -0.75
Long 1 NQ 7846.0, +4.0
Total YM +13
Total NQ -7.25
Total RTY -0
Some days it seems the market just laughs at you....
Wed Jul 17 Trade Signal Summary
20190717
Long 2 RTY 1557.5, 1557.5, +1.0, -1.5
Long 1 YM 27293, -7
Long 1 YM 27286, +32
Short 1 RTY 1558.0, -1.5
Short 3 RTY 1559.4, 1559.4, 1559.4, +1.7, +2.0, +4.0
Long 1 NQ 7924.75, +6.0
Total YM +25
Total NQ +6.0
Total RTY +5.7
Long 2 RTY 1557.5, 1557.5, +1.0, -1.5
Long 1 YM 27293, -7
Long 1 YM 27286, +32
Short 1 RTY 1558.0, -1.5
Short 3 RTY 1559.4, 1559.4, 1559.4, +1.7, +2.0, +4.0
Long 1 NQ 7924.75, +6.0
Total YM +25
Total NQ +6.0
Total RTY +5.7
Tues Jul 16 Trade Signal Summary
20190716
Long 1 NQ 7977.0, +5.0
Short 1 NQ 7985.5, +4.25
Short 1 RTY 1569.0, -0.4
Long 1 NQ 7975.0, -2.25
Short 1 NQ 7979.5, +4.0
Short 2 RTY 1570.6, 1570.8, +1.0, +1.5
Short 1 RTY 1573.5, -0.0
Total NQ +11.0
Total RTY +2.1
Long 1 NQ 7977.0, +5.0
Short 1 NQ 7985.5, +4.25
Short 1 RTY 1569.0, -0.4
Long 1 NQ 7975.0, -2.25
Short 1 NQ 7979.5, +4.0
Short 2 RTY 1570.6, 1570.8, +1.0, +1.5
Short 1 RTY 1573.5, -0.0
Total NQ +11.0
Total RTY +2.1
Mon Jul 15 Trade Signal Summary
20190715
Long 1 NQ 7967.75, +5.0
Long 3 RTY 1568.2, 1567.0, 1566.8, -1.5, -1.5, -1.5
Long 2 NQ 7966.0, 7965.0, -2.25, -2.25
Long 4 RTY 1564.0, 1564.0, 1564.0, 1564.0, -0.2, -0.2, -0.2, -0.2
Short 1 NQ 7972.25, -2.25
Short 2 NQ 7974.0, 7974.0, +5.0, +10.0
Short 2 RTY 1566.5, 1566.5, -0.1, -0.1
Long 1 RTY 1563.0, +4.0
Short 2 RTY 1567.3, 1567.3, +1.0, +1.8
Total NQ +13.25
Total RTY +1,3
Long 1 NQ 7967.75, +5.0
Long 3 RTY 1568.2, 1567.0, 1566.8, -1.5, -1.5, -1.5
Long 2 NQ 7966.0, 7965.0, -2.25, -2.25
Long 4 RTY 1564.0, 1564.0, 1564.0, 1564.0, -0.2, -0.2, -0.2, -0.2
Short 1 NQ 7972.25, -2.25
Short 2 NQ 7974.0, 7974.0, +5.0, +10.0
Short 2 RTY 1566.5, 1566.5, -0.1, -0.1
Long 1 RTY 1563.0, +4.0
Short 2 RTY 1567.3, 1567.3, +1.0, +1.8
Total NQ +13.25
Total RTY +1,3
Fri Jul 12 Trade Signal Summary
20190712
Short 1 NQ 7941.0, -2.0
Short 2 NQ 7941.5, 7941.5, +4.0, -4.0
Short 2 YM 27205, 27203, -7, -7
Short 2 YM 27220, 27220, -5, -5
Short 1 RTY 1564.0, -0.7
Short 2 NQ 7949.0, 7949.0, +10.0, +10.0
Short 2 RTY 1568.3, 1568.3, -1.5, -1.5
Long 1 NQ 7925.75, 7925.75, -0.5,
Long 2 YM 27194, 27194, +20, +20
Short 1 NQ 7945.0, -1.25
Total YM +16
Total NQ +16.25
Total RTY -3.7
Short 1 NQ 7941.0, -2.0
Short 2 NQ 7941.5, 7941.5, +4.0, -4.0
Short 2 YM 27205, 27203, -7, -7
Short 2 YM 27220, 27220, -5, -5
Short 1 RTY 1564.0, -0.7
Short 2 NQ 7949.0, 7949.0, +10.0, +10.0
Short 2 RTY 1568.3, 1568.3, -1.5, -1.5
Long 1 NQ 7925.75, 7925.75, -0.5,
Long 2 YM 27194, 27194, +20, +20
Short 1 NQ 7945.0, -1.25
Total YM +16
Total NQ +16.25
Total RTY -3.7
Thurs Jul 11 Trade Signal Summary
20190711
Short 1 NQ 7944.0, -1.5
Short 1 YM 26998, +38
Long 1 RTY 1564.0, -0.7
Long 1 RTY 1553.5, -0.8
Long 1 NQ 7933.0, -0.25
Long 5 RTY 1556.0, 1555.0, 1555.4, 1555.5, 1554.5 +0.2, +1.1, +1.0, -1.5, -0.7
Long 1 NQ 7922.5, +10.0
Short 1 RTY 1558.6, -0.7
Short 1 NQ 7948.0, -1.0
Total YM +38
Total NQ +7.25
Total RTY -2.1
Short 1 NQ 7944.0, -1.5
Short 1 YM 26998, +38
Long 1 RTY 1564.0, -0.7
Long 1 RTY 1553.5, -0.8
Long 1 NQ 7933.0, -0.25
Long 5 RTY 1556.0, 1555.0, 1555.4, 1555.5, 1554.5 +0.2, +1.1, +1.0, -1.5, -0.7
Long 1 NQ 7922.5, +10.0
Short 1 RTY 1558.6, -0.7
Short 1 NQ 7948.0, -1.0
Total YM +38
Total NQ +7.25
Total RTY -2.1
Wed Jul 10 Trade Signal Summary
20190710
Long 1 RTY 1573.8, -0.7
Long 1 RTY 1572.8, +3.0
Short 2 RTY 1576.0, 1576.4, -0.9, +0.7
Short 2 NQ 7946.0, 7946.0, +3.0, -3.25
2nd Frame Trades:
Long 1 YM 26825, +21
Long 2 NQ 7892.0, 7892.0, +3.0, -1.25
Long 2 YM 25815, 26815, +20, +40
Long 2 RTY 1561.0, 1561.0, +1.4, +3.0
Short 2 NQ 7902.5, 7902.5, +4.0, -2.5
Short 2 YM 26863, 26863, -2, -2
Total YM +77
Total NQ +3.25
Total RTY +6.5
Long 1 RTY 1573.8, -0.7
Long 1 RTY 1572.8, +3.0
Short 2 RTY 1576.0, 1576.4, -0.9, +0.7
Short 2 NQ 7946.0, 7946.0, +3.0, -3.25
2nd Frame Trades:
Long 1 YM 26825, +21
Long 2 NQ 7892.0, 7892.0, +3.0, -1.25
Long 2 YM 25815, 26815, +20, +40
Long 2 RTY 1561.0, 1561.0, +1.4, +3.0
Short 2 NQ 7902.5, 7902.5, +4.0, -2.5
Short 2 YM 26863, 26863, -2, -2
Total YM +77
Total NQ +3.25
Total RTY +6.5
Tues Jul 9 Trade Signal Summary
20190709
Long 1 RTY 1559.2, +3.0
Short 1 RTY 1561.7, +1.7
Long 1 RTY 1559.3, -0.7
Short 1 NQ 7807.0, -2.25
Short 1 NQ 7813.25, +6.0
Long 1 RTY 1557.0, +2.0
Short 1 RTY 1561.5, +1.6
Total NQ +3.75
Total RTY +7.6
Long 1 RTY 1559.2, +3.0
Short 1 RTY 1561.7, +1.7
Long 1 RTY 1559.3, -0.7
Short 1 NQ 7807.0, -2.25
Short 1 NQ 7813.25, +6.0
Long 1 RTY 1557.0, +2.0
Short 1 RTY 1561.5, +1.6
Total NQ +3.75
Total RTY +7.6
Mon Jul 8 Trade Signal Summary
20190708
Short 1 YM 26773, +26
Long 2 NQ 7779.0, 7779.0, +3.0, +6.0
Short 1 NQ 7790.5, -2.25
Short 2 NQ 7792.25, 7792.25, -2.25, -2.25
Short 3 NQ 7793.25, 7792.25, 7793.25, -2.25, -2.25, -2.25
Short 1 NQ 7803.0, +9.0
Long 2 RTY 1569.7, 1569.7, -1.0, -1.0
Total YM +26
Total NQ +4.5
Total RTY -2.0
Short 1 YM 26773, +26
Long 2 NQ 7779.0, 7779.0, +3.0, +6.0
Short 1 NQ 7790.5, -2.25
Short 2 NQ 7792.25, 7792.25, -2.25, -2.25
Short 3 NQ 7793.25, 7792.25, 7793.25, -2.25, -2.25, -2.25
Short 1 NQ 7803.0, +9.0
Long 2 RTY 1569.7, 1569.7, -1.0, -1.0
Total YM +26
Total NQ +4.5
Total RTY -2.0
Tues Jul 2 Trade Signal Summary
20190702
Short 1 NQ 7787.0, -2.25
Short 2 NQ 7792.0, 7792.0, -2.25, -2.25
Short 2 NQ 7795.5, 7795.5, +6.0, +5.0
Long 1 NQ 7787.75, -1.25
Long 1 RTY 1565.3, +2.0
Short 1 YM 26740, +20
Total YM +20
Total NQ +3.0
Total RTY +2.0
Short 1 NQ 7787.0, -2.25
Short 2 NQ 7792.0, 7792.0, -2.25, -2.25
Short 2 NQ 7795.5, 7795.5, +6.0, +5.0
Long 1 NQ 7787.75, -1.25
Long 1 RTY 1565.3, +2.0
Short 1 YM 26740, +20
Total YM +20
Total NQ +3.0
Total RTY +2.0
Mon Jul 1 Trade Summary and Journal
20190701
Short 1 NQ 7840.0, -2.25
Short 2 NQ 7842.0, 7842.0, +4.0, -2.0
Short 2 RTY 1587.9, 1587.9, +1.5, +4.0
Long 1 NQ 7819.0,, +7.0
Long 1 YM 26715, +20
Long 1 RTY 1577.8, -0.5
Long 1 RTY 1576.0, -0.4
Short 1 NQ 7814.0, +10.0
Total YM +20
Total NQ +16.75
Total RTY +4.6
Such extreme gap up openings always invite fade entry triggers. Watching the charts, I was reminded of the Larry Williams Oops Trade, fashionable some years back, before traders were more commonly looking at lower frame bar charts. But imagine taking that short entry today just as the gap in the ES contract finally closed at the 2:30 Transition Time. ....might have to rename that the Ouch Trade, instead. But it must be said in fairness that although far better short entry models on such opening patterns are desirable, the market does not always accommodate your entry into an immediate reaction. Thus is was in the early NQ signals where I was stopped out. That left the RTY's Opening Range Pennant, which did trigger nicely.
But the best short of the day didn't come till a bit later, when the NQ sported a classic Pre-Break Pause Pattern, triggering a steep plunge down towards the moving averages. ...except I didn't take the trade, having already reached a daily goal and was eager to hold on to it, as is my Trade Plan habit. Read about the Pre-Breakout Pause, the Transition Time Marker, and the ORB Pennant in the book Pivots, Patterns and Intraday Swing Trades.
Will only be trading these first two days of the week... and wishing a great Fourth of July celebration for all.
Short 1 NQ 7840.0, -2.25
Short 2 NQ 7842.0, 7842.0, +4.0, -2.0
Short 2 RTY 1587.9, 1587.9, +1.5, +4.0
Long 1 NQ 7819.0,, +7.0
Long 1 YM 26715, +20
Long 1 RTY 1577.8, -0.5
Long 1 RTY 1576.0, -0.4
Short 1 NQ 7814.0, +10.0
Total YM +20
Total NQ +16.75
Total RTY +4.6
Such extreme gap up openings always invite fade entry triggers. Watching the charts, I was reminded of the Larry Williams Oops Trade, fashionable some years back, before traders were more commonly looking at lower frame bar charts. But imagine taking that short entry today just as the gap in the ES contract finally closed at the 2:30 Transition Time. ....might have to rename that the Ouch Trade, instead. But it must be said in fairness that although far better short entry models on such opening patterns are desirable, the market does not always accommodate your entry into an immediate reaction. Thus is was in the early NQ signals where I was stopped out. That left the RTY's Opening Range Pennant, which did trigger nicely.
But the best short of the day didn't come till a bit later, when the NQ sported a classic Pre-Break Pause Pattern, triggering a steep plunge down towards the moving averages. ...except I didn't take the trade, having already reached a daily goal and was eager to hold on to it, as is my Trade Plan habit. Read about the Pre-Breakout Pause, the Transition Time Marker, and the ORB Pennant in the book Pivots, Patterns and Intraday Swing Trades.
Will only be trading these first two days of the week... and wishing a great Fourth of July celebration for all.
Subscribe to:
Posts (Atom)