20190906
Long 1 YM 26739, -1
Short 1 NQ 7850, +3.0
Short 1 NQ 7852.25, -2.0
Short 1 NQ 7857.0, -2.25
Short 1 NQ 7858.5, -2.25
Short 2 NQ 7864.0, 7864.5, -2.25, -2.25
Short 2 NQ 7865.25, 7865.25, +5.5, +5.5
Long 1 NQ 7855.0, -2.0
Short 2 NQ 7860.5, 7860.25, +2.5, -1.0
Short 2 RTY 1516.5, 1516.4, -0.5, +0.7
Short 1 NQ 7870.0, -2.25
Short 1 RTY 1517.6, -0.7
Short 1 YM 26821, +21
Total YM +20
Total NQ +0.25
Total RTY -0.5
Several prominent mistakes in trading the 1st Frame today. The first was simply not being back in time from an errand to be in front of the screen for the Open. You can't claim to trade the ORB Trades in your plan if you're not in front of the screen to take them. And today's 3Bar and Matched Highs Combo in the RTY was simply too juicy to miss for a first trade. But the second error was far more subtle, and, in fact, I seldom ever seem to make a profit when this condition appears: Two of the key contracts reach entry signals at about the same time, but in the opposite directions. We call this condition a Screwball. And in it, you tend to get taken in by the first direction of the breaking ball, only to see it break back in the opposite direction. ..and today's was even more subtle. I actually had the first call right with a long YM trade, which pushed its signal to re buy if a break-even stop-loss was taken while going lower. But by then, I was in the NQ on a short signal, and missed the 2nd entry long signal for the YM altogether. ...usually, the NQ is the better leader... but not today... After that, trade signals were scant, and trends flattened out in anticipation of the Fed Chair Speech due midday. About the best I can say for the day is that I didn't reach a 2nd day in a row of hitting the maximum daily loss limit. That condition has a behavior governor that puts me in the penalty box of Sim-only trades on the third day thereafter.. ...so Monday is a fresh start... and a good weekend to all...
