20191031
Long 2 YM 26993, 26993, +10, -1
Long 1 YM 26944, 26936, -1, -3
Short 1 RTY 1562.4, +2.0
Long 1 NQ 8080.0, -2.0
Long 2 NQ 8079.0, 8079.0, +3.0, +11.0
Long 1 YM 27000, -3
Long 1 NQ 8070.5, -2.5
Long 1 NQ 8055.0, -2.25
Long 2 NQ 8050.0, -2.25, -2.25
Long 1 NQ 8049.5, -2.0
Short 2 NQ 8066.75, 8068.0, +2.5, -2.5
Short 2 RTY 15589.9, 1558.9, -1.4, -1.4
Short 2 NQ 8089.0, 8090.0, -2.5, -3.0
Total YM +2
Total NQ -9.25
Total RTY -0.8
Two days losses in a row means I'm in the penalty box for the Open tomorrow. ....a Trade Plan Rule I fortunately don't suffer much from. It would be easy to blame things on the market.... or trading in a hair-trigger news environment, where the perfect storm of foreign policies, politics and tea-read economics sits parked overhead like a weather front that just won't go by. But the truth is, I made trading errors on both days. Yesterday, while suffering the stp-out of my RT position in a doe-eyed, 'what hit me' trance, the ES was signalling BuyThisLow now !! But I'm too cool to trade the 'Especially Slow' ES. And today, while in an NQ 'I'll find you, no matter how much it costs me' trance, the YM meekly stuck its little neck out to say "Try Me, I can produce too!", albeit with an extra contract or two.... But I'm too stubborn to give up on the NQ, no matter if I give up all early profits doing so or not. So there's that....
By Trade Plan Rules, I can switch back to real money tomorrow if I can SIM 2 of 3, or 3 of 5 winners from the Opening....
but maybe I'll just play along the whole frame... maybe the markets, and my current stp-loss allowances, are just a bit too meager to be in these sessions... cya manana..
Wed Oct 30 Trade Signals and Journal
20191030
Long 1 NQ 8040.0, +6.0
Short 1 YM 27004, -7
Long 5 RTY, 1568.8, 1568.3, 1567.2, 1567.3, 1567.3, -1.4, -3.5, -2.6, -2.7, -2.7
Short 1 NQ 8053.0, -1.0
Short 2 RTY 1570.0, 1570.0, -0.7, -0.7
Short 1 NQ 1560.25, -1.25
Total YM -7
Total NQ +3.75
Total RTY -14.3
Trading around the news is usually not a difficult exercise. Although some try to bracket it, I find that by using a Stop-Limit, you seldom get a fill at all, and by not using Stop-Limit's you are filled at the spike extreme, just where you might want to be exiting the trade. If a solid technical signal of reversal comes a few minutes before the news, and the impending reversal trend lends you a sufficient amount of cushion, it is amazing how many times the technicals seems to have predicted the outcome of unpredictable news successfully. Thus, when in such a pre-news reversal position, I usually type the words "no ccushion no keep" into the chat room, as a heads up to prepare to liquidate the position just prior to the news, lest the impending news release go too far against your position to survive your stp-loss allowance. This game is usually fair, because most news items tend to keep to the schedule, and are released on time. ....but it was not so today... In fact, the scheduled release was in fact from the Bank of Canada, and their opinions as to rate adjustments usually not exactly packed with predictive certainty for impending economic analysis down here in the lower 48... So I thought the 4 minutes after the schedule of the BOC remarks ample time to prove the news was, in fact, a dud, to lay on a few RTY contracts for the potential bounce back up.... oops...a quick $600 stp-out. I don't much like the Canadian government today... but then I don't much like the Canadian government on any day... but that's another subject and not particularly well suited for this trading blog.. all the best otherwise...
Long 1 NQ 8040.0, +6.0
Short 1 YM 27004, -7
Long 5 RTY, 1568.8, 1568.3, 1567.2, 1567.3, 1567.3, -1.4, -3.5, -2.6, -2.7, -2.7
Short 1 NQ 8053.0, -1.0
Short 2 RTY 1570.0, 1570.0, -0.7, -0.7
Short 1 NQ 1560.25, -1.25
Total YM -7
Total NQ +3.75
Total RTY -14.3
Trading around the news is usually not a difficult exercise. Although some try to bracket it, I find that by using a Stop-Limit, you seldom get a fill at all, and by not using Stop-Limit's you are filled at the spike extreme, just where you might want to be exiting the trade. If a solid technical signal of reversal comes a few minutes before the news, and the impending reversal trend lends you a sufficient amount of cushion, it is amazing how many times the technicals seems to have predicted the outcome of unpredictable news successfully. Thus, when in such a pre-news reversal position, I usually type the words "no ccushion no keep" into the chat room, as a heads up to prepare to liquidate the position just prior to the news, lest the impending news release go too far against your position to survive your stp-loss allowance. This game is usually fair, because most news items tend to keep to the schedule, and are released on time. ....but it was not so today... In fact, the scheduled release was in fact from the Bank of Canada, and their opinions as to rate adjustments usually not exactly packed with predictive certainty for impending economic analysis down here in the lower 48... So I thought the 4 minutes after the schedule of the BOC remarks ample time to prove the news was, in fact, a dud, to lay on a few RTY contracts for the potential bounce back up.... oops...a quick $600 stp-out. I don't much like the Canadian government today... but then I don't much like the Canadian government on any day... but that's another subject and not particularly well suited for this trading blog.. all the best otherwise...
Tues Oct 29 Trade Signal Summary
20191029
Short 1 YM 27032, -9,
Short 1 YM 27045, +14
Long 1 NQ 8087.75, +5.0
Long 1 RTY 1573.0, -1.5
Long 1 YM 27038, -7
Long 1 YM 27020, +22
Long 1 NQ 8078.0, -2.25
Long 2 RTY 1571.4, 1571.4, +1.5, +2.0
Long 1 NQ 8077.0, -2.25
Short 1 YM 27060, -7
Short 2 YM 27064, 27064, +7, -3
Short 1 RTY 1577.0, -0.7
Short 1 YM 27078, -7
Short 2 NQ 8095.0, 8095.0, +3.0, -2.25
Short 2 YM 27097, 27097, -8, -8
Short 3 YM 27099, 27099, 27095, +15, +20, +10
Short 1 RTY 1777.9, -0.1
Long 1 NQ 8072.0, -2.25
Long 1 NQ 8066.0, -2.0
Long 2 NQ 8063.0, 8063.75, +3.0, +3.0
Total YM +39
Total NQ +3.0
Total RTY +1.2
Short 1 YM 27032, -9,
Short 1 YM 27045, +14
Long 1 NQ 8087.75, +5.0
Long 1 RTY 1573.0, -1.5
Long 1 YM 27038, -7
Long 1 YM 27020, +22
Long 1 NQ 8078.0, -2.25
Long 2 RTY 1571.4, 1571.4, +1.5, +2.0
Long 1 NQ 8077.0, -2.25
Short 1 YM 27060, -7
Short 2 YM 27064, 27064, +7, -3
Short 1 RTY 1577.0, -0.7
Short 1 YM 27078, -7
Short 2 NQ 8095.0, 8095.0, +3.0, -2.25
Short 2 YM 27097, 27097, -8, -8
Short 3 YM 27099, 27099, 27095, +15, +20, +10
Short 1 RTY 1777.9, -0.1
Long 1 NQ 8072.0, -2.25
Long 1 NQ 8066.0, -2.0
Long 2 NQ 8063.0, 8063.75, +3.0, +3.0
Total YM +39
Total NQ +3.0
Total RTY +1.2
Mon Oct 28 Trade Signal Summary
20191028
Short 2 YM 27095, 27095, +10, -10
Short 2 YM 28005, 28005, +12, -14
Short 2 RTY 1573.6, -1.5,
Long 1 YM 27079, +22
Short 2 NQ 8107.00, 8106.75, +7.0, +2.0
Short 2 RTY 1578.0, 1579.1, -1.5, +3.0
Short 1 NQ 8109.0, +11.5
Total YM +20
Total NQ +20.5
Total RTY -0.0
Short 2 YM 27095, 27095, +10, -10
Short 2 YM 28005, 28005, +12, -14
Short 2 RTY 1573.6, -1.5,
Long 1 YM 27079, +22
Short 2 NQ 8107.00, 8106.75, +7.0, +2.0
Short 2 RTY 1578.0, 1579.1, -1.5, +3.0
Short 1 NQ 8109.0, +11.5
Total YM +20
Total NQ +20.5
Total RTY -0.0
Fri Oct 25 Trade Signsls and Journal
20191025
Short 1 NQ 7957.0, +10.5
Short 1 RTY 1551.5, -0.0
Short 2 YM 26824, 26822, +30, +7
Short 1 NQ 7971.0, -1.0
Short 1 YM 26828, -6
Short 2 RTY 1556.8, 1557.1, -1.5, -1.5
Short 2 YM 26861, 26861, +7, +18
Short 1 NQ 7996.5, +6.0
Short 1 NQ 7998.0, -2.25
Short 1 NQ 78004.5, -2.25
Short 1 NQ 7807.0, +6.0
Short 1 NQ 7811.0, +5.0
Short 1 RTY 1561.8, -1.4
Short 1 NQ 7829.0, -0.25
Short 1 YM 26962, +22
Short 1 RTY 1564.0, 1564.0, +1.0, +1.0
Total YM +78
Total NQ +21.75
Total RTY -2.5
The most difficult day of all for futures traders is somewhat ironic. After all, it usually doubles ad the most profitable day of all for option swing traders and portfolio buy-and-holders. But futures traders who do not hold positions overnight, and often focus their entire day's worth of trading on a single frame of the day, like the First Frame, as do I, are especially challenged when the market does not make reversals and turns.
Fortunately for us, such impulsive Persistent Trend Days only number about 4 in any given 21-day business month. And with the plethora of days being those that Test-n-Reject short term trend extremes, often in both directions, fading such extremes as the market naturally pulls back into consolidation is only as difficult as identifying which price extremes to fade and those to leave alone. In the early days of stock index futures trading, I would have never even dreamed of trading the 1st Frame volatility... until Serial Sequent Fractal Method was uncovered. It was a real eye-opener, and remains the key to short term profits in the majority of trading days each month.
Still, there are ways to skin the cat of the Persistent Trend Day without the Serial Sequent Fractal Method, if you have mind to what you are looking for.. ..and are willing to sit through most of the trading day, glued attentively to the screen for the typical signals, of which there are about 4.
The first, is the ORB. This one doesn't always show. But when it does, it appears as an ORB Pennant, and often heralds in the Persistent Trend Day with a simple bracket order position. Today, the YM came the closest to this signal. To separate the more likely from the nearly-but-not-quite-good-enough, I require the ORB pennant to have either the basic complexity of one lower high and one higher low before I place the bracketed breakout triggers. The alternative to this is a double inside bar pattern, where the ORB itself telescopes down into a total of at least 3 successively smaller bars, all inside the other. The Russian doll. Today, the YM only showed 2 bars. That's one bar for the ORB, and one smaller inside bar. ....and then price exploded... The ORB, you see, is the Singularity. It precedes the Big Bang of an exploding universe. And in the space of just minutes, the whole mass of price mass has traversed an entire trend. You have to be alert, ready, and weary of any series of days where the market has lulled you to sleep with its choppy, bifurcating consolidation. I missed this one...perhaps my rules are too strict.
The second signal to act on in order to capitalize on some sparse Persistent Trend Day opportunity landscape is called the First Chance Texaco. It says "Gas up", cause the long stretch of nearly abandoned U.S. Route 66 leaves few remaining stations open for biz. It does not show up in all contracts. (That's why the market gods invented 4 otherwise decent ones to choose from...)
It does not pullback far enough to signal a volatility index climax to offset the one it just came from in the true trend extreme. It does not usually meet some convenient and easily acknowledged Support/Resistance level. After all, everyone sees those... But it does often arrive with a Substitute Serial Sequent fractal signal. Today, such a signal came in the YM. I wss short 2 contracts in the YM from the initial stall at the early high as this pullback came to an end. I covered my shorts with a decent profit. But out of respect (actually it was fear) of having achieved a momentum climax at that early high, I did NOT turn-n-rev my shorts to longs, and the Persistent Trend Day took off towards its rendezvous with history.
The third signal is usually associated with the Noon Hour High/Low phenomenon. Why does the trend so often fail when making new extremes at the Noon hour? It's sort of a chicken and egg story. Which comes first...? Lunch....or the anticipation that there won't be enough participating traders to drive prices on beyond it? Or, maybe it's a "why did the chicken cross the road" story... but nobody ever tells the joke like "why DIDN'T the chicken cross the road?" If they did, perhaps the answer would be "because he would have BECOME lunch on the other side, you idiot."
And the fourth and final potential signal for short term futures traders on Persistent Trend Days is the compliment to the First Chance Texaco, but in this case, it's Last Chance Texaco. It turns out that the First Chance Texaco was just an advertising scam. But the Last Chance Texaco is dead real. It's not an easy one to take. Price comes speeding up to it so fast that you hardly dare belief it could ever slam on its brakes hard enough to actually make the turn. But an interesting factoid for the experience observer, if price comes up too slowly to the desired end of this pullback, it usually doesn't turn at all. In fact, the ability for this pullback to hold and propel your fearful in-trend position back towards new market extremes in the Last Hour Frame of the day seems wholly dependent upon making it seem like the market reversal is actually going to stick. One other tell that is of use: this pullback is often associated with the 2:30pm ET Transition Time. ....but nobody knows why. ...and it's even more pointless to speculate as to a valid reason than why a Noon Hour new price extreme is such a poor breakout strategy to get in with in-trend.
OR, you can acquire the Serial Sequent Fractal Methodology, which--because it is Anti-Fragile--is actually exposed more clearly in the wake of volatility than overcome by it, and use that to do some really amazing counter-trend positioning even on explosive Persistent Trend Days...
You can read all about this Persistent Trend model, and the other models too, in the book Pivots, Patterns and Intraday Swing Trades, available at Amazon and other places online. ...and a good weekend to all...
Short 1 NQ 7957.0, +10.5
Short 1 RTY 1551.5, -0.0
Short 2 YM 26824, 26822, +30, +7
Short 1 NQ 7971.0, -1.0
Short 1 YM 26828, -6
Short 2 RTY 1556.8, 1557.1, -1.5, -1.5
Short 2 YM 26861, 26861, +7, +18
Short 1 NQ 7996.5, +6.0
Short 1 NQ 7998.0, -2.25
Short 1 NQ 78004.5, -2.25
Short 1 NQ 7807.0, +6.0
Short 1 NQ 7811.0, +5.0
Short 1 RTY 1561.8, -1.4
Short 1 NQ 7829.0, -0.25
Short 1 YM 26962, +22
Short 1 RTY 1564.0, 1564.0, +1.0, +1.0
Total YM +78
Total NQ +21.75
Total RTY -2.5
The most difficult day of all for futures traders is somewhat ironic. After all, it usually doubles ad the most profitable day of all for option swing traders and portfolio buy-and-holders. But futures traders who do not hold positions overnight, and often focus their entire day's worth of trading on a single frame of the day, like the First Frame, as do I, are especially challenged when the market does not make reversals and turns.
Fortunately for us, such impulsive Persistent Trend Days only number about 4 in any given 21-day business month. And with the plethora of days being those that Test-n-Reject short term trend extremes, often in both directions, fading such extremes as the market naturally pulls back into consolidation is only as difficult as identifying which price extremes to fade and those to leave alone. In the early days of stock index futures trading, I would have never even dreamed of trading the 1st Frame volatility... until Serial Sequent Fractal Method was uncovered. It was a real eye-opener, and remains the key to short term profits in the majority of trading days each month.
Still, there are ways to skin the cat of the Persistent Trend Day without the Serial Sequent Fractal Method, if you have mind to what you are looking for.. ..and are willing to sit through most of the trading day, glued attentively to the screen for the typical signals, of which there are about 4.
The first, is the ORB. This one doesn't always show. But when it does, it appears as an ORB Pennant, and often heralds in the Persistent Trend Day with a simple bracket order position. Today, the YM came the closest to this signal. To separate the more likely from the nearly-but-not-quite-good-enough, I require the ORB pennant to have either the basic complexity of one lower high and one higher low before I place the bracketed breakout triggers. The alternative to this is a double inside bar pattern, where the ORB itself telescopes down into a total of at least 3 successively smaller bars, all inside the other. The Russian doll. Today, the YM only showed 2 bars. That's one bar for the ORB, and one smaller inside bar. ....and then price exploded... The ORB, you see, is the Singularity. It precedes the Big Bang of an exploding universe. And in the space of just minutes, the whole mass of price mass has traversed an entire trend. You have to be alert, ready, and weary of any series of days where the market has lulled you to sleep with its choppy, bifurcating consolidation. I missed this one...perhaps my rules are too strict.
The second signal to act on in order to capitalize on some sparse Persistent Trend Day opportunity landscape is called the First Chance Texaco. It says "Gas up", cause the long stretch of nearly abandoned U.S. Route 66 leaves few remaining stations open for biz. It does not show up in all contracts. (That's why the market gods invented 4 otherwise decent ones to choose from...)
It does not pullback far enough to signal a volatility index climax to offset the one it just came from in the true trend extreme. It does not usually meet some convenient and easily acknowledged Support/Resistance level. After all, everyone sees those... But it does often arrive with a Substitute Serial Sequent fractal signal. Today, such a signal came in the YM. I wss short 2 contracts in the YM from the initial stall at the early high as this pullback came to an end. I covered my shorts with a decent profit. But out of respect (actually it was fear) of having achieved a momentum climax at that early high, I did NOT turn-n-rev my shorts to longs, and the Persistent Trend Day took off towards its rendezvous with history.
The third signal is usually associated with the Noon Hour High/Low phenomenon. Why does the trend so often fail when making new extremes at the Noon hour? It's sort of a chicken and egg story. Which comes first...? Lunch....or the anticipation that there won't be enough participating traders to drive prices on beyond it? Or, maybe it's a "why did the chicken cross the road" story... but nobody ever tells the joke like "why DIDN'T the chicken cross the road?" If they did, perhaps the answer would be "because he would have BECOME lunch on the other side, you idiot."
And the fourth and final potential signal for short term futures traders on Persistent Trend Days is the compliment to the First Chance Texaco, but in this case, it's Last Chance Texaco. It turns out that the First Chance Texaco was just an advertising scam. But the Last Chance Texaco is dead real. It's not an easy one to take. Price comes speeding up to it so fast that you hardly dare belief it could ever slam on its brakes hard enough to actually make the turn. But an interesting factoid for the experience observer, if price comes up too slowly to the desired end of this pullback, it usually doesn't turn at all. In fact, the ability for this pullback to hold and propel your fearful in-trend position back towards new market extremes in the Last Hour Frame of the day seems wholly dependent upon making it seem like the market reversal is actually going to stick. One other tell that is of use: this pullback is often associated with the 2:30pm ET Transition Time. ....but nobody knows why. ...and it's even more pointless to speculate as to a valid reason than why a Noon Hour new price extreme is such a poor breakout strategy to get in with in-trend.
OR, you can acquire the Serial Sequent Fractal Methodology, which--because it is Anti-Fragile--is actually exposed more clearly in the wake of volatility than overcome by it, and use that to do some really amazing counter-trend positioning even on explosive Persistent Trend Days...
You can read all about this Persistent Trend model, and the other models too, in the book Pivots, Patterns and Intraday Swing Trades, available at Amazon and other places online. ...and a good weekend to all...
Thur Oct 24 Trade Signal Summary
20191024
Long 1 YM 26760, -12
Long 2 YM 26710, +22, -2
Long 1 ES 3003.0, -0.0
Long 1 NQ 7923.0, -2.25
Long 2 NQ 7918.0, 7918.0 +5.0, +9.5
Long 1 RTY 1548.0, -0.0
Long 1 YM 26690, +20
Long 1 NQ 7923.0, -0.5
Short 2 NQ 7945.0, 7946.25, -0.0, -2.25
Short 2 NQ 7950.0, 7949.5, +3.0, -1.0
Short 1 ES 3007.0, -0.0
Short 1 NQ 7957.0, -0.25
Short 2 NQ 7966.0, 7967.0, -2.25, -2.25
Short 1 RTY 1554.0, +2.5
Short 2 NQ 7974.5, 7974.5, +4.5, +5.0
Total ES +2.5
Total YM +28
Total NQ +16.25
Total RTY +2.5
Long 1 YM 26760, -12
Long 2 YM 26710, +22, -2
Long 1 ES 3003.0, -0.0
Long 1 NQ 7923.0, -2.25
Long 2 NQ 7918.0, 7918.0 +5.0, +9.5
Long 1 RTY 1548.0, -0.0
Long 1 YM 26690, +20
Long 1 NQ 7923.0, -0.5
Short 2 NQ 7945.0, 7946.25, -0.0, -2.25
Short 2 NQ 7950.0, 7949.5, +3.0, -1.0
Short 1 ES 3007.0, -0.0
Short 1 NQ 7957.0, -0.25
Short 2 NQ 7966.0, 7967.0, -2.25, -2.25
Short 1 RTY 1554.0, +2.5
Short 2 NQ 7974.5, 7974.5, +4.5, +5.0
Total ES +2.5
Total YM +28
Total NQ +16.25
Total RTY +2.5
Wed Oct 23 Trade Signal Summary
20191023
Short 1 YM 26585, -4
Short 1 NQ 7880.0, -1.0
Short 4 NQ 7884.25, 7884.25, 7884.25, +2.5, +2.0, -2.25, -2.25
Short 2 NQ 7887.0, 7887.0, +7.0, +10.25
Short 1 RTY 1553.2, +1.0
Long 1 NQ 7864.0, -2.25
Long 2 NQ 7862.75, 7963.5, +7.0, +3.0
Total YM -4
Total NQ +24.0
Total RTY +1.0
Short 1 YM 26585, -4
Short 1 NQ 7880.0, -1.0
Short 4 NQ 7884.25, 7884.25, 7884.25, +2.5, +2.0, -2.25, -2.25
Short 2 NQ 7887.0, 7887.0, +7.0, +10.25
Short 1 RTY 1553.2, +1.0
Long 1 NQ 7864.0, -2.25
Long 2 NQ 7862.75, 7963.5, +7.0, +3.0
Total YM -4
Total NQ +24.0
Total RTY +1.0
Tues Oct 22 Trade Signal Summary
20191022
Short 1 NQ 7986.0, +10.0
Short 1 NQ 7982.75, -2.25
Short 1 NQ 7984.0, +5.0
Short 1 YM 26800, -10
Short 1 YM 26820, +33
Long 1 NQ 7957.0, -0.0
Long 1 NQ 7958.0, +4.0
Short 1 NQ 7968.25, +6.0
Total YM +23
Total NQ +22.75
Short 1 NQ 7986.0, +10.0
Short 1 NQ 7982.75, -2.25
Short 1 NQ 7984.0, +5.0
Short 1 YM 26800, -10
Short 1 YM 26820, +33
Long 1 NQ 7957.0, -0.0
Long 1 NQ 7958.0, +4.0
Short 1 NQ 7968.25, +6.0
Total YM +23
Total NQ +22.75
Mon Oct 21 Trade Signal Summary
20191021
Short 1 RTY 1555.1, -1.5
Short 1 RTY 1557.1, -1.5
Long 1 NQ 7909.0, +5.25
Long 1 NQ 7904.0, +7.0
Short 1 RTY 1549.9, -0.5
Short 1 NQ 7913.75, -2.25
Short 2 NQ 7915.0, 7915.25, -2.25, -2.25
Short 1 NQ 7920.0, -2.25
Short 1 NQ 7920.5, -2.0
Short 2 RTY 1555.7, 1555.5, -0.0, -0.2
Short 3 RTY 1555.5, 1555.5, 1555.5, +1.0, +1.2, -0.0
Short 1 RTY 1556.6, -0.0
Short 2 NQ 7936.5, 7936.0, -1.0, +3.0
Short 1 RTY 1556.8, -0.0
Total NQ +3.25
Total RTY -1.5
Short 1 RTY 1555.1, -1.5
Short 1 RTY 1557.1, -1.5
Long 1 NQ 7909.0, +5.25
Long 1 NQ 7904.0, +7.0
Short 1 RTY 1549.9, -0.5
Short 1 NQ 7913.75, -2.25
Short 2 NQ 7915.0, 7915.25, -2.25, -2.25
Short 1 NQ 7920.0, -2.25
Short 1 NQ 7920.5, -2.0
Short 2 RTY 1555.7, 1555.5, -0.0, -0.2
Short 3 RTY 1555.5, 1555.5, 1555.5, +1.0, +1.2, -0.0
Short 1 RTY 1556.6, -0.0
Short 2 NQ 7936.5, 7936.0, -1.0, +3.0
Short 1 RTY 1556.8, -0.0
Total NQ +3.25
Total RTY -1.5
Thur Oct 17 Trade Signal Summary
20191017
Short 2 YM 37034, 37034, +15, +18
Short 2 RTY 1535.5, 1336.2, -1.5, -1.5
Short 3 RTY 1538.0, 1538.0, 1537.7, +2.0, +2.0, -1.5
Short 1 NQ 7983.5, -2.25
Short 2 NQ 7985.0, 7985.0, +2.0, -2.25
Short 2 NQ 7987.0, 7987.0, +3.0, -2.0
Short 2 YM 27044, 27044, -5, -5
Short 3 NQ 7991.5, 7991.5, 7991.5, +3.0, +6.0, +11.0
Long 1 NQ 7976.25, -1.75
Short 2 RTY 1542.7, 1543.0, +0.5, +4.0
Short 1 YM 27069, +20
Total YM +43
Total NQ +16.75
Total RTY +4.0
Short 2 YM 37034, 37034, +15, +18
Short 2 RTY 1535.5, 1336.2, -1.5, -1.5
Short 3 RTY 1538.0, 1538.0, 1537.7, +2.0, +2.0, -1.5
Short 1 NQ 7983.5, -2.25
Short 2 NQ 7985.0, 7985.0, +2.0, -2.25
Short 2 NQ 7987.0, 7987.0, +3.0, -2.0
Short 2 YM 27044, 27044, -5, -5
Short 3 NQ 7991.5, 7991.5, 7991.5, +3.0, +6.0, +11.0
Long 1 NQ 7976.25, -1.75
Short 2 RTY 1542.7, 1543.0, +0.5, +4.0
Short 1 YM 27069, +20
Total YM +43
Total NQ +16.75
Total RTY +4.0
Wed Oct 16 Trade Signal Summary
20191016
Long 2 NQ 7925.0, 7925.0, +2.5, +6.0
Short 2 RTY 1527.0, 1527.5, +1.2, -0.6
Long 1 NQ 7922.75, +4.0
Long 1 NQ 7920.25, -2.25
Long 2 NQ 7918.0, 7918.0, +2.5, -1.25
Short 1 NQ 7927.0, -2.0
Short 3 NQ 7929.0, 7929.25, 7930.0, -1.5, +1.0, +3.0
Short 1 YM 26965, +22
Short 1 NQ 7938.0, +4.5
Short 1 RTY 1530.6, +1.0
Short 1 RTY 7940.25, +5.0
Total YM +22
Total NQ +24.5
Total RTY +1.6
Long 2 NQ 7925.0, 7925.0, +2.5, +6.0
Short 2 RTY 1527.0, 1527.5, +1.2, -0.6
Long 1 NQ 7922.75, +4.0
Long 1 NQ 7920.25, -2.25
Long 2 NQ 7918.0, 7918.0, +2.5, -1.25
Short 1 NQ 7927.0, -2.0
Short 3 NQ 7929.0, 7929.25, 7930.0, -1.5, +1.0, +3.0
Short 1 YM 26965, +22
Short 1 NQ 7938.0, +4.5
Short 1 RTY 1530.6, +1.0
Short 1 RTY 7940.25, +5.0
Total YM +22
Total NQ +24.5
Total RTY +1.6
Tues Oct 15 Trade Signals and Journal
20191015
Short 2 RTY 1510.4, 1511.0, -0.0, +2.0
Short 2 NQ 7900.0, 7900.0, +2.0, +4.5
Short 1 RTY 1514.1, +1.0
Short 1 NQ 7903.0, -0.5
Short 1 RTY 1516.0, -1.4
Short 2 NQ 7902.5, 7902.5, +2.0, -2.25
Short 1 YM 27035, -7
Short 2 YM 27046, 27046, -1, -1
Short 1 ES 2987.0, -0.0
Short 2 RTY 1520.1, 1520.0, +1.1, -0.1
Short 1 NQ 7918.0, -2.00
Short 1 NQ 7923.0 -1.5
Short 2 RTY 1523.2, 1523.2, -0.4, -0.4
Short 2 NQ 7926.5, 7926.25, -2.25, -2.25
Short 2 RTY 1525.5, 1525.5, , -0.7, -0.7
Short 1 ES 2994.75, -1.75
Short 2 NQ 7945.0, 7945.0, -2.5, -2.5
Short 1 NQ 7950.0, 7950.0 -2.5, -2.5
Short 1 YM 27040, -7
Total ES -1.75
Total YM -16
Total NQ -11.25
Total RTY +0.4
Normally, markets are not a straight vertical affair...but on some days, there are. Normally, they offer reversal signals, pullback signals and--if so inclined--breakout signals too. And if you have a methodology that demonstrates consistency on the majority of trading days, then you have a good shot at catching your share of the more normal signals.. Today, there was a perfect pullback signal in the NQ that would have given me a position into the straight vertical pole vault that followed... but I just couldn't get my head around the extreme readings of climax the market had already reached just shortly before that relatively shallow pullback buy opportunity appeared... and so I balked. It's very hard to stay on the sidelines as you watch the profit meter go spinning by for trades you are not in without looking for the places where these trades are most likely to end... and just so did I give up near my maximum allowable in losses trying to find a turn that did finally show up just a short distance beyond my final round of shorts...
Quit when your losses hit the high watermark allowable you have set for them. Tomorrow is another day. There is nothing to prove. There is no 'getting even'. Instead, after a losing day or two, strive for returning to consistency. Your losses are gone forever. You can't ever get them back. But it is possible to return to consistency and thus rebuilt the profit stream you were achieving just prior to your days of stop-outs.
Short 2 RTY 1510.4, 1511.0, -0.0, +2.0
Short 2 NQ 7900.0, 7900.0, +2.0, +4.5
Short 1 RTY 1514.1, +1.0
Short 1 NQ 7903.0, -0.5
Short 1 RTY 1516.0, -1.4
Short 2 NQ 7902.5, 7902.5, +2.0, -2.25
Short 1 YM 27035, -7
Short 2 YM 27046, 27046, -1, -1
Short 1 ES 2987.0, -0.0
Short 2 RTY 1520.1, 1520.0, +1.1, -0.1
Short 1 NQ 7918.0, -2.00
Short 1 NQ 7923.0 -1.5
Short 2 RTY 1523.2, 1523.2, -0.4, -0.4
Short 2 NQ 7926.5, 7926.25, -2.25, -2.25
Short 2 RTY 1525.5, 1525.5, , -0.7, -0.7
Short 1 ES 2994.75, -1.75
Short 2 NQ 7945.0, 7945.0, -2.5, -2.5
Short 1 NQ 7950.0, 7950.0 -2.5, -2.5
Short 1 YM 27040, -7
Total ES -1.75
Total YM -16
Total NQ -11.25
Total RTY +0.4
Normally, markets are not a straight vertical affair...but on some days, there are. Normally, they offer reversal signals, pullback signals and--if so inclined--breakout signals too. And if you have a methodology that demonstrates consistency on the majority of trading days, then you have a good shot at catching your share of the more normal signals.. Today, there was a perfect pullback signal in the NQ that would have given me a position into the straight vertical pole vault that followed... but I just couldn't get my head around the extreme readings of climax the market had already reached just shortly before that relatively shallow pullback buy opportunity appeared... and so I balked. It's very hard to stay on the sidelines as you watch the profit meter go spinning by for trades you are not in without looking for the places where these trades are most likely to end... and just so did I give up near my maximum allowable in losses trying to find a turn that did finally show up just a short distance beyond my final round of shorts...
Quit when your losses hit the high watermark allowable you have set for them. Tomorrow is another day. There is nothing to prove. There is no 'getting even'. Instead, after a losing day or two, strive for returning to consistency. Your losses are gone forever. You can't ever get them back. But it is possible to return to consistency and thus rebuilt the profit stream you were achieving just prior to your days of stop-outs.
Mon Oct 14 Trade Signal Summary
20191014
Long 1 ES 2962.0, +3.5
Long 1 RTY 1504.0, 1504.0, +1.0, +0.2
Short 2 NQ 7862.0, 7862.0, +2.0, -2.0
Short 1 YM 26810, -9
Short 1 YM 26816, +25
Long 1 NQ 7852.75, 7852.25, -2.25, -2.25
Long 1 YM 26765, +25
Long 1 NQ 7850.0, +10.0
Total ES +3.5
Total YM +39
Total NQ +5.5
Total RTY +1.2
Long 1 ES 2962.0, +3.5
Long 1 RTY 1504.0, 1504.0, +1.0, +0.2
Short 2 NQ 7862.0, 7862.0, +2.0, -2.0
Short 1 YM 26810, -9
Short 1 YM 26816, +25
Long 1 NQ 7852.75, 7852.25, -2.25, -2.25
Long 1 YM 26765, +25
Long 1 NQ 7850.0, +10.0
Total ES +3.5
Total YM +39
Total NQ +5.5
Total RTY +1.2
Fri Oct 11 Trade Signal Summary
20191011
Short 1 NQ 7852.0, -3.0
Short 2 RTY 1514.0, 1513.8 +0.8, -1.4
Short 2 RTY 1516.9, 1516.9, +1.5, -2.3
Short 2 NQ 7870.0, 7870.0, -2.25, -2.25
Short 2 NQ 7873.0, 7873.0, +4.0, -4.75
Short 1 YM 26840, -7
Short 1 YM 26842, 26842, +20, +30
Short 2 YM 26863, 26860, +15, +10
Short 1 ES 2984.5, +2.0
Short 2 NQ 7892.0, 7891.75, -2.25, -2.25
Short 1 NQ 7893.25, -2.25
Short 2 NQ 7896.0, 7896.0, +5.0, +13.0
Short 2 RTY 1527.3, 1527.0, -0.3, +1.0
Short 2 RTY 1529.3, 1529.5, +1.0, +2.0
Total ES +2.0
Total YM +68
Total NQ +3.0
Total RTY +2.3
Short 1 NQ 7852.0, -3.0
Short 2 RTY 1514.0, 1513.8 +0.8, -1.4
Short 2 RTY 1516.9, 1516.9, +1.5, -2.3
Short 2 NQ 7870.0, 7870.0, -2.25, -2.25
Short 2 NQ 7873.0, 7873.0, +4.0, -4.75
Short 1 YM 26840, -7
Short 1 YM 26842, 26842, +20, +30
Short 2 YM 26863, 26860, +15, +10
Short 1 ES 2984.5, +2.0
Short 2 NQ 7892.0, 7891.75, -2.25, -2.25
Short 1 NQ 7893.25, -2.25
Short 2 NQ 7896.0, 7896.0, +5.0, +13.0
Short 2 RTY 1527.3, 1527.0, -0.3, +1.0
Short 2 RTY 1529.3, 1529.5, +1.0, +2.0
Total ES +2.0
Total YM +68
Total NQ +3.0
Total RTY +2.3
Thur Oct 10 Trade Signal Summary
20191010
Short 1 RTY 1487.3, -2.4
Short 2 YM 26332, 26334, -11, -10
Short 3 YM 26404, 26404, 26404, -7, -7, -7
Short 3 YM 26410, 26410, 26410, -7, -7, -7
Short 3 RTY 1494.0, 1494.0, 1494.0, +2.0, +2.0, -0.1
Short 2 NQ 7758.50, 7760.0, +5.0, +12.0
Short 1 NQ 7761.0, -1.0
Short 1 NQ 7761.0, +5.0
Long 1 RTY 1486.4, +2.0
Short 1 YM 26520, -7
Short 1 RTY 1494.8, +2.0
Short 1 YM 26539, -1
Short 1 NQ 7780.0, -1.0
Short 2 YM 26556, 26556, +10, +11
Short 2 NQ 7785.0, 7785.0, +2.0, +4.5
Short 1 NQ 7785.0, +5.0
Total YM -50
Total NQ +31.5
Total RTY +4.5
Short 1 RTY 1487.3, -2.4
Short 2 YM 26332, 26334, -11, -10
Short 3 YM 26404, 26404, 26404, -7, -7, -7
Short 3 YM 26410, 26410, 26410, -7, -7, -7
Short 3 RTY 1494.0, 1494.0, 1494.0, +2.0, +2.0, -0.1
Short 2 NQ 7758.50, 7760.0, +5.0, +12.0
Short 1 NQ 7761.0, -1.0
Short 1 NQ 7761.0, +5.0
Long 1 RTY 1486.4, +2.0
Short 1 YM 26520, -7
Short 1 RTY 1494.8, +2.0
Short 1 YM 26539, -1
Short 1 NQ 7780.0, -1.0
Short 2 YM 26556, 26556, +10, +11
Short 2 NQ 7785.0, 7785.0, +2.0, +4.5
Short 1 NQ 7785.0, +5.0
Total YM -50
Total NQ +31.5
Total RTY +4.5
Wed Oct 9 Trade Signal Summary
20191009
Short 1 NQ 7678.0, -0.25
Short 1 NQ 7686.0, -2.0
Short 1 NQ 7692.0, -2.25
Short 2 NQ 7694.0, 7694.0, -2.25, -2.25
Short 1 YM 26255, -7
Short 2 RTY 1483.6, 1483.5, +2.0, +2.0
Short 1 NQ 7690.0 -0.5
Short 1 RTY 1482.0, -0.7
Short 1 RTY 1483.3, +2.0
Total YM -7
Total NQ -9.5
Total RTY +5.3
Short 1 NQ 7678.0, -0.25
Short 1 NQ 7686.0, -2.0
Short 1 NQ 7692.0, -2.25
Short 2 NQ 7694.0, 7694.0, -2.25, -2.25
Short 1 YM 26255, -7
Short 2 RTY 1483.6, 1483.5, +2.0, +2.0
Short 1 NQ 7690.0 -0.5
Short 1 RTY 1482.0, -0.7
Short 1 RTY 1483.3, +2.0
Total YM -7
Total NQ -9.5
Total RTY +5.3
Tues Oct 8 Trade Signal Summary
20191008
Long 1 RTY 1480.5, -0.5
Short 1 NQ 7671.75, -2.0
Long 1 YM 26170, +28
Long 1 YM 26161, +23
Long 1 NQ 7648.75, -2.25
Long 1 NQ 7644.0, -0.25
Long 1 YM 26126, +31
Short 2 RTY 1478.7, 1479.0, +1.2, +2.6
Short 1 ES 2908.0, -0.0
Short 1 ES 2908.0, +2.0
Total ES +2.0
Total YM +82
Total NQ -4.5
Total RTY +3.3
Long 1 RTY 1480.5, -0.5
Short 1 NQ 7671.75, -2.0
Long 1 YM 26170, +28
Long 1 YM 26161, +23
Long 1 NQ 7648.75, -2.25
Long 1 NQ 7644.0, -0.25
Long 1 YM 26126, +31
Short 2 RTY 1478.7, 1479.0, +1.2, +2.6
Short 1 ES 2908.0, -0.0
Short 1 ES 2908.0, +2.0
Total ES +2.0
Total YM +82
Total NQ -4.5
Total RTY +3.3
Mon Oct 7 Trade Signal Summary
20191007
Short 1 NQ 7739.5, +7.0
Long 1 NQ 7730.5, -2.25
Long 1 YM 26400, -7
Long 1 NQ 7725.0, +12.0
Long 1 YM 26382, +40
Short 2 RTY 1500.2, 1501.2, +0.9, +1.1
Total YM +33
Total NQ +16.75
Total RTY +2.0
Short 1 NQ 7739.5, +7.0
Long 1 NQ 7730.5, -2.25
Long 1 YM 26400, -7
Long 1 NQ 7725.0, +12.0
Long 1 YM 26382, +40
Short 2 RTY 1500.2, 1501.2, +0.9, +1.1
Total YM +33
Total NQ +16.75
Total RTY +2.0
Fri Oct 4 trade Signal Summary
20191004
Long 1 YM 26292, +20
Short 1 YM 26322, +21
Short 1 NQ 7720, -2..25
Short 1 NQ 7722.0, -2.25
Short 1 NQ 7723.75, -0.0
Short 1 YM 26770, +20
Long 1 NQ 7704.0, -2.25
Long 2 NQ 7700.0, 7701.5, -1.5, -1.5
Long 2 RTY 1482.5, 1482.5, +1.5, -0.4
Long 1 YM 26281, -3
Long 1 NQ 7693.0, -2.25
Long 2 NQ 7691.0, 7691.5, +10.0, +20.0
Total YM +58
Total NQ +18.0
Total RTY +1.1
Long 1 YM 26292, +20
Short 1 YM 26322, +21
Short 1 NQ 7720, -2..25
Short 1 NQ 7722.0, -2.25
Short 1 NQ 7723.75, -0.0
Short 1 YM 26770, +20
Long 1 NQ 7704.0, -2.25
Long 2 NQ 7700.0, 7701.5, -1.5, -1.5
Long 2 RTY 1482.5, 1482.5, +1.5, -0.4
Long 1 YM 26281, -3
Long 1 NQ 7693.0, -2.25
Long 2 NQ 7691.0, 7691.5, +10.0, +20.0
Total YM +58
Total NQ +18.0
Total RTY +1.1
Thurs Oct 3 Trade Signal Summary
20191003
Long 1 ES 2885.25, +2.0
Long 1 NQ 7557.0, +5.0
Long 1 RTY 1478.0, -1.4
Long 2 RTY 1475.8, 1476.0, -0.2, +1.1
Long 1 NQ 7494.0, +5.0
Long 1 YM 25790, -9
Long 1 RTY 1461.9, -1.0
Short 1 NQ 7515.5, +5.0
Short 1 NQ 7521.0, -2.25
Short 1 NQ 7524.5, -2.5
Short 2 RTY 1472.2, 1472.4, +2.0, +1.8
Short 1 YM 25909, +20
Short 1 NQ 7584.0, +10.0
Total ES +2.0
Total YM +11
Total NQ +20.25
Total RTY +2.3
Long 1 ES 2885.25, +2.0
Long 1 NQ 7557.0, +5.0
Long 1 RTY 1478.0, -1.4
Long 2 RTY 1475.8, 1476.0, -0.2, +1.1
Long 1 NQ 7494.0, +5.0
Long 1 YM 25790, -9
Long 1 RTY 1461.9, -1.0
Short 1 NQ 7515.5, +5.0
Short 1 NQ 7521.0, -2.25
Short 1 NQ 7524.5, -2.5
Short 2 RTY 1472.2, 1472.4, +2.0, +1.8
Short 1 YM 25909, +20
Short 1 NQ 7584.0, +10.0
Total ES +2.0
Total YM +11
Total NQ +20.25
Total RTY +2.3
Wed Oct 2 Trade Signals and Journal
20191002
Long 2 RTY 1476.1, 1476.8, +2.9, -0.5
Long 1 RTY 1475.5, -0.3
Long 1 NQ 7601.75, -2.25
Long 1 NQ 7599.0, -2.25
Long 1 RTY 1473.5, -1.4
Short 2 RTY 1483.1, 1483.0, +1.0, -1.7
Short 1 NQ 7617.0, -1.0
Short 1 NQ 7617.75, +12.5
Long 1 NQ 7580.0, -0.25
Long 1 NQ 7575.0, +10.0
Long 1 NQ 7563.0, -2.25
Long 1 NQ 7560.0, +5.0
Total NQ +19.5
Total RTY -0.0
It's not that hard really to recognize a tough trading environment when you see it coming... well before the opening bell. Today, my goal was simply not to dig a big hole trying to capture some emotionally-backed volatility... In such environment, just breaking even can feel like a victory. But in truth there were a number of excellent signals today in the YM and the RTY that I simply failed
to engage. ...but things will calm down again in the immediate days ahead.... they always do...
...so keep the powder dry... One thing you can always be sure of, things never stay the same...
Long 2 RTY 1476.1, 1476.8, +2.9, -0.5
Long 1 RTY 1475.5, -0.3
Long 1 NQ 7601.75, -2.25
Long 1 NQ 7599.0, -2.25
Long 1 RTY 1473.5, -1.4
Short 2 RTY 1483.1, 1483.0, +1.0, -1.7
Short 1 NQ 7617.0, -1.0
Short 1 NQ 7617.75, +12.5
Long 1 NQ 7580.0, -0.25
Long 1 NQ 7575.0, +10.0
Long 1 NQ 7563.0, -2.25
Long 1 NQ 7560.0, +5.0
Total NQ +19.5
Total RTY -0.0
It's not that hard really to recognize a tough trading environment when you see it coming... well before the opening bell. Today, my goal was simply not to dig a big hole trying to capture some emotionally-backed volatility... In such environment, just breaking even can feel like a victory. But in truth there were a number of excellent signals today in the YM and the RTY that I simply failed
to engage. ...but things will calm down again in the immediate days ahead.... they always do...
...so keep the powder dry... One thing you can always be sure of, things never stay the same...
Tues Oct 1 Trade Signal Summary
20191001
Short 1 YM 26962, -5
Short 2 RTY 1538.0, 1538.1, -1.0, +1.0
Short 2 RTY 1539.5, 1539.4, -1.5, -1.5
Short 2 RTY 1542.0, 1542.0, -0.8, -0.8
Short 3 RTY 1543.5, 1543.5, 1543.5, -0.7, -0.7, -0.7
Short 5 RTY 1544.3, 1544.3, 1544.3, 1544.5, 1544.5, +1.0, +1.0, +1.0, +1.7, +1.7
Long 2 YM 26930, 26930, +20, -10
Long 1 NQ 7809.0, -2.5
Long 2 RTY 1531.9, 1532.0, -1.6, -1.6
Long 3 RTY 1528.6, 1528.6, 1528.6, +1.0, +2.0, -0.1
Long 2 YM 26831, 26826, -10, -10
Long 2 NQ 7781.25, 7781.25, -2.5, -2.5
Long 2 NQ 7776.5, 7776.5, -1.25, -1.25
Long 3 YM 26730, 26730, 26730, -5, -5, -5
Long 2 NQ 7759.5, 7759.5, +16.0, +20.0
Total YM -30
Total NQ +26.0
Total RTY -0.6
Short 1 YM 26962, -5
Short 2 RTY 1538.0, 1538.1, -1.0, +1.0
Short 2 RTY 1539.5, 1539.4, -1.5, -1.5
Short 2 RTY 1542.0, 1542.0, -0.8, -0.8
Short 3 RTY 1543.5, 1543.5, 1543.5, -0.7, -0.7, -0.7
Short 5 RTY 1544.3, 1544.3, 1544.3, 1544.5, 1544.5, +1.0, +1.0, +1.0, +1.7, +1.7
Long 2 YM 26930, 26930, +20, -10
Long 1 NQ 7809.0, -2.5
Long 2 RTY 1531.9, 1532.0, -1.6, -1.6
Long 3 RTY 1528.6, 1528.6, 1528.6, +1.0, +2.0, -0.1
Long 2 YM 26831, 26826, -10, -10
Long 2 NQ 7781.25, 7781.25, -2.5, -2.5
Long 2 NQ 7776.5, 7776.5, -1.25, -1.25
Long 3 YM 26730, 26730, 26730, -5, -5, -5
Long 2 NQ 7759.5, 7759.5, +16.0, +20.0
Total YM -30
Total NQ +26.0
Total RTY -0.6
Mon Sep 30 Trade Signal Summary
20190930
Long 1 NQ 7712.25, +12.0
Long 1 RTY 1525.2, +2.0
Short 1 NQ 7731.0, -2.50
Short 1 NQ 7739.0, -2.25
Short 1 RTY 1528.5, +2.0
Short 1 NQ 7744.0, +14.0
Total NQ +21.75
Total RTY +4.0
Long 1 NQ 7712.25, +12.0
Long 1 RTY 1525.2, +2.0
Short 1 NQ 7731.0, -2.50
Short 1 NQ 7739.0, -2.25
Short 1 RTY 1528.5, +2.0
Short 1 NQ 7744.0, +14.0
Total NQ +21.75
Total RTY +4.0
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