20210716
Short 5 MNQ 14826.75, 14826.75, 14826.75, 14826.75, 14826.75, -1.25, -1.25, -1.25, -1.25, -1.25,
Short 5 MNQ 14801.75, 14801.75, 14801.75, 14801.75, 14801.75, -5.25, -5.25, -5.25, -5.25, -5.25,
Long MNQ 14754.25, 14754.25, 14754.25, 14754.25, 14754.25, -5.25, -5.25, -5.25, -5.25, -5.25,
Long 1 RTY 2183.1, -1.5
Long 1 RTY 2182.2, -1.5
Long 5 MES 4341.5, 4341.5, 4341.5, 4341.5, 4341.5, -2.75, -2.75,-2.75,-2.75,-2.75,
Long 1 RTY 2180.2, -1.5
Short 5 MNQ 14782.75, 14782.75, 14782.75, 14782.75, 14782.75, +20.5, +20.5, +20.5, +20.5, +20.5,Long 5 MNQ 14741.25, 14741.25, 14741.25, 14741.25, 14741.25, -5.25, -5.25, -5.25, -5.25, -5.25,
Long 5 MNQ 14734.75, 14734.75, 14734.75, 14734.75, 14734.75, -3.25, -3.25, -3.25, -3.25, -3.25,
Long 5 MNQ 14727.25, 14727.25, 14727.25, 14727.25, 14727.25, -4.25, -4.25,-4.25,-4.25,-4.25,
Long 5 MNQ 14722.25, 14720.25, 14720.25, 14720.25, 14720.25, -5.25, -5.25, -5.25, -5.25,
Long 5 MNQ 14718.75, 14718.75, 14718.75, 14718.75, 14718.75, -5.25, -5.25, -5.25, -5.25,
Long 5 MNQ 14700.25, 14700.25, 14700.25, 14700.25, 14700.25, +36.5, +36.5, +36.5, +36.5, +36.5,
Total MES -13.75
Total MNQ +78.75
Total RTY -4.5
The ValhallaFutures Rule of Alnternation (not to be confused with an Elliott Wave rule of the same name) says that big waves follow small waves in the trend, and vice-a-versa. So if part of your Trade Entry Concept is a momentum signal that has still not climaxed, but finally does so in a trend where small waves characterized the early part of the trend, you find your self trying to fade the arrival of the anticipated momentum signals in the midst of the trend's big waves--and in this environment, big wave are REALLY big, and can swallow up the size of your maximum affordable stop-loss risks like a 80's PacMan game.
Today was just such a day. And if I still hadn't been in front of the screen posting my trades as the Noon Hour approached, I would have missed the seldom-seen but highly consistent signal from our Fractal Algorithm, Serial Sequent, we call the 2nd Half Sequent, which gratefully cut my losses in half to at least more tolerable level.
Have a set of Trade Entry Rules and a set of Money Management Rules to accompany all the technical rules necessary to have a methodology in the first place. This is your Trading Plan. Stick to your Trading Plan and limit your losses on losing days to about the same dollar figure you use as a daily profit target, and you'll at least survive from day to day and week to week, even when the volatility and trend extension is overwhelming.