20190819
Short 1 RTY 1512.5, +2.0
Long 1 NQ 7723.5, -2.25
Long 1 NQ 7720.0, -2.0
Long 2 NQ 7715.25, 7715.25, +5.0, -0.25
Short 1 NQ 7721.75, +5.0
Long 1 NQ 7710.0, -2.25
Long 1 NQ 7701.75, -0.25
Long 1 NQ 7696.0, +5.0
Long 1 RTY 1507.0, +2.0
Short 2 YM 26122, 26124, -7, -7
Short 2 NQ 7717.0, 7716.5, -2.0, -2.25
Short 3 NQ 7719.5, 7719.5, 7719.5, +2.0, +5.0, +2.0
Short 1 NQ 7722.0, -2.0
Short 2 NQ 7731.5, 7731.5, -2.25, -2.25
Short 1 RTY 1514.0, -0.4
Short 1 YM 26175, -0
Short 2 RTY 1514.3, 1514.3, -0.5, -0.5
Short 2 YM 26187. 26187, +13, +50
Short 2 NQ 7742.0, 7741.75, -2.0, -2.0
Total YM +49
Total NQ +2.25
Total RTY +2.6
Two-sided Test and Reject can be a challenging day model to trade. Today, with earliest action accomplishing some of the aspects of WorkDone--as price took out the Pennant Apex and PivotLedge Break-away resistance of the earlier week--the initial components were all flashing for Shorts. Unfortunately, RTY was the only index with a completed signal. Shortly thereafter, buy signals began to show up, but against those earlier resistance numbers, long signals did not inspire size more than minimal positions... an error that was mostly in my head... and consequently, the best opportunities of the morning were allowed only meager profits. This is what comes of trend prejudice taking hold... and apparently I was not alone, for pricing then proceeded to climb the wall of successively repeated resistance areas all seemingly ripe for shorting... except that those shorts were all being taken against the true 2nd trend.... where surprises love to hide. I'd like to at least be able to say from these efforts in error that the morning left me with a 'lesson learned' reaction. But the truth is, it was more like 'bad trading behavior repeated as I kept at repeated short selling into appraised price extremes like a sailor hypnotized by the Song of Sirens, leaving a bloody set of stop-outs dashed against the rocks.. In review of such an outcome, I go back to the early lows-of-the-frame, where I failed to identified a fresh set of WorkDone signals, and consider to have taken bigger size positions from those levels where a frame profit goal could have been reached.
