20220419
Short 3 MNQ 13934.25, 13934.25, 13934.25, -5.25, -5.25, -5.25,
Short 3 MNQ 13941.50, 13941.50, 13941.50,+16.25, +16.25, +16.25,
Short 3 MNQ 13990.0, 13990.0, 13990.0, -5.25, -5.25, -5.25,
Short 3 MNQ 13989.75, 13989.75, 13989.75, -5.25, -5.25, -5.25,
Short 3 MES 4414.75, 4414.75, 4414.75, -2.25, -2.25, -2.25,
Short 3 MES 4434.75, 4434.75, 4434.75, +6.0, +6.0, +6.0,
Short 6 MNQ 14049.5, 14049.5, 14049.5, 14047.75, 14047.75, 14047.75, -5.25, -5.25, -5.25, -5.25, -5.25, -5.25,
Short 3 MNQ 14060.75, 14060.75, 14060.75, -5.25, -5.25, -5.25,
Short 6 MNQ 14090.0, 14090.0, 14090.0, 14091.75, 14091.75, 14091.75, -5.25, -5.25, -5.25, -5.25, -5.25, -5.25,
Short 6 MNQ 14097.25, 14097.25, 14097.25, 14095.75, 14095.75, 14095.75, -2.25, -2.25, -2.25, -5.25, -5.25, -5.25,
Short 6 MNQ 14151.75, 14151.75, 14151.75, 14151.0, 14151.0, 14151.0, +30.25, +30.25, +30.25, +17.0, +17.0, +17.0,
2nd Frame Trades:
Short 6 MNQ 14173.75, 14173.75, 14173.75, 14171.25, 14171.25, 14171.25, +22.0, +22.0, +22.0, +19.25, +19.25, +19.25,
Short 6 MNQ 14195.5, 14195.5, 14195.5, 14194.25, 14194.25, 14194.25, +21.5, +21.5, +21.5, +5.0, +5.0, +5.0,
Total MES +11.25
Total MNQ +228.75
The Persistent Trend Day Model is usually the most difficult of the 3 models to trade. Pullbacks are shallow and swing turns very hard to find. And so, a series of stop-out losses can put you into a P&L deficit that will often be a challenge just to climb out of, relieved just to get back to even by the end of the frame.
Without the Serial Sequent Fractal Algorithm, I would not have a chance to find even the most meager of trend exhaustion turns. In lieu of having this great trading edge, here are some of the attributes to be on the lookout for when a Persistent Trend Day appears. 1.) The evening session high or low is taken out without much consequence. Thereafter, this price extreme is broached again, but this time price keeps going. 2.) Price extends beyond the 10:30am ET Trend Check, and keeps going. 3.) Typical extremes in momentum indicators are consequently overrun, then overrun again.... and then overrun again. 4. ) All your expectations of deeper pullbacks are disappointed as price continues to extend the trend. 5.) If a more complex correction to the trend has not started by the end of the 1st Frame, around 11:15amET, then watch for a blow-out going into extremes at or near the Noon Hour. (Never take a breakout near the Noon Hour, as price nearly always fails thereafter.) 6.) A 'First Chance Texaco' will sometimes appear after the Noon Hour High pullback, or after a complex pullback that begins near the end of the First Frame. That pullback opportunity will eventually extend the trend even further, but only after the painful loss of volatility that arrives in the MidDay Frame. 7.) Somewhere late in the Midday Frame, or even right on top of the 2:30pmET Transition Time, a 'Last Chance Texaco' can appear in the form of a pullback to the 200 EMA. This opportunity will often arrive as the proverbial falling knife on bull market days, or a short covering explosion spike on bear trending days.
If trading on Persistent Trend Days were easy, every trader would be rich and no one would be poor. Read about these, and other trade day concepts in the book Pivots, Patterns and Intraday Swing Trades, with links on the ValhallaFutures.com website.