20191125
Short 1 ES 3126.0, -0.0
Short 2 YM 27963, 27966, -0, -0
Short 2 RTY 1608.1, 1608.1, -1.4, -1.4
Short 1 YM 27876, -7
Short 3 YM 27885, 27883, 27893, +10, -10, +11
Short 1 NQ 8355.5, -2.25
Short 1 NQ 8358.25, -2.25
Short 2 NQ 8360.0, 8360.0, +4.50, -1.25
Short 2 RTY 1612.9, 1613.0, -1.4, -1.4
Short 1 NQ 8363.0, -2.0,
Short 2 NQ 8364.25, 8364.25, -2.0, -2.0
Short 2 RTY 1616.2, 1617.0, -1.4, -1.4
Short 3 YM 28002, 28002, 28001, -0, -0, -1
Short 2 RTY 1618.0, 1618.3, -0.7, -0.5
Short 4 RTY 1619.5, 1619.5, 1619.7, 1619.7, +1.3, +1.5, -0.5, -0.5
Short 3 RTY 1621.1, 1621.1, 1621.4, -0.7, -0.7, -0.7
Short 2 RTY 1622.2, 1622.2, +3.0, +3.0
Total ES -0.0
Total YM +3
Total NQ -7.25
Total RTY -3.9
Persistent Trend Days are almost always the hardest to trade. It's the swings that allows us to gauge price returning to possible entry levels, and thereafter, the breakouts that allow us to gauge the potential for exhaustion. But the Persistent Trend Day is often an express train straight out of town... Miss your initial signal opportunities and you're bound to be left behind.. Just so was it today, that even though we were given individual entry opportunities in the YM, the NQ and the RTY, I judged with the breakout and the gap it left behind, that were we already too high up to be buying, even if the entry signals, and thus awaited fresh new price highs after the quick long entry signals to attack with shorts. Oops... As background, I had announced before the opening that it had been awhile since we saw a Persistent Trend Day, and therefore could be due. But that didn't help me one bit in acknowledging the early NQ pattern setup associated with such Persistent Trend Signals, as I simply looked at it dumbly with my proverbial doe eyes in the headlights of the oncoming truck. The early pattern signal by the NQ I named Leadership Pennant some years ago, but filtered it out as unlikely simply because I felt we were already too high up already. That's right... I "felt" it was so... and that was a buy signal in and of itself.... so to be true to this confessional blog, I ignored 3 clear signals to the budding trend. The first was the NQ Leadership Pennant, the 2nd's were the small but nonetheless indisputable Serial Sequent buy triggers in YM, NQ and RTY, and the third were my 'feelings' to the contrary. And I've been doing this for years. Sometimes you conclude that you just never learn... Tomorrow is another day... and the last for this trader in Thanksgiving week.
