20150603
Long 1 NQ 4515.5, +5.0
Short 1 YM 18026, -7
Short 2 TF 1253.3, 1253.6, -0.0, +0.7
Short 4 TF 1258.3, 1258.8, 1258.8, 1258.8, -0.0, +0.7, +0.7, -1.0
Short 1 TF 1261.6, -0.6
Short 4 TF 1262.3, 1262.4, 1263.3, 1263.4, -0.0, -0.0, -0.7, -0.8
Short 2 TF 1262.8, 1263.4, -1.0, -0.5
Total YM -7
Total NQ +5.0
Total TF -2.5
Tues Jun 2 Trade Summary
20150602
Long 1 TF 1243.7, -1.4
Long 2 TF 1240.1, 1240.1, +1.5, +2.7
Long 1 TF 1240.6, +1.3
Short 1 TF 1244.3, +1.3
Long 1 TF 1242.6, +3.0
Total TF +8.4
Long 1 TF 1243.7, -1.4
Long 2 TF 1240.1, 1240.1, +1.5, +2.7
Long 1 TF 1240.6, +1.3
Short 1 TF 1244.3, +1.3
Long 1 TF 1242.6, +3.0
Total TF +8.4
Mon Jun 1 Trade Summary
20150601
Long 1 TF 1246.4, -1.4
Long 1 TF 1245.0, -0.5
Long 3 TF 1242.5, 1242.5, 1251.5, -1.4, -1.4, -0.7
Long 3 TF 1241.2, 1241.2, 1241.2, -0.4, -0.4, -0.4
Long 3 TF 1241.2, 1241.2, 1241.2, +2.0, +2.0, +2.0
Short 1 TF 1244.8, +4.0
Long 1 TF 1241.0, -0.5
Short 1 TF 1239.9, +2.0
Short 1 TF 1240.5, -0.3
Short 1 TF 1242.4, -0.4
Short 2 TF 1242.8, 1242.8, +1.0, -0.3
Short 1 TF 1248.7, +1.4
Total TF +6.3
Long 1 TF 1246.4, -1.4
Long 1 TF 1245.0, -0.5
Long 3 TF 1242.5, 1242.5, 1251.5, -1.4, -1.4, -0.7
Long 3 TF 1241.2, 1241.2, 1241.2, -0.4, -0.4, -0.4
Long 3 TF 1241.2, 1241.2, 1241.2, +2.0, +2.0, +2.0
Short 1 TF 1244.8, +4.0
Long 1 TF 1241.0, -0.5
Short 1 TF 1239.9, +2.0
Short 1 TF 1240.5, -0.3
Short 1 TF 1242.4, -0.4
Short 2 TF 1242.8, 1242.8, +1.0, -0.3
Short 1 TF 1248.7, +1.4
Total TF +6.3
Fri May 29 Trade Summy
20150529
Short 2 NQ 4533.75, 4533.75, +2.0, +3.0
Long 1 YM 18042, +20
Long 1 TF 1245.8, +2.0
Long 1 TF 1244.1, +1.2
Total YM +20
Total NQ +5.0
Total TF +3.2
Short 2 NQ 4533.75, 4533.75, +2.0, +3.0
Long 1 YM 18042, +20
Long 1 TF 1245.8, +2.0
Long 1 TF 1244.1, +1.2
Total YM +20
Total NQ +5.0
Total TF +3.2
Wed May 27 Trade Summary
20150527
Long 1 TF 1234.6, +1.5
Long 1 TF 1233.9, +1.0
Short 3 TF 1239.1, 1239.9, 1239.8, -1.4, -1.4, -1.4
Short 2 YM 18132, 18132, +20, +20
Long 3 TF 1237.3, 1237.3, 1237.3, +0.7, +1.2, +2.6
Total YM +40
Total TF +2.8
Long 1 TF 1234.6, +1.5
Long 1 TF 1233.9, +1.0
Short 3 TF 1239.1, 1239.9, 1239.8, -1.4, -1.4, -1.4
Short 2 YM 18132, 18132, +20, +20
Long 3 TF 1237.3, 1237.3, 1237.3, +0.7, +1.2, +2.6
Total YM +40
Total TF +2.8
Tues May 26 Trade Summary
20150526
Long 1 TF 1244.6, -0.5
Long 1 NQ 4404.5, -3.0
Long 2 TF 1240.0, 1240.3, 1240.7, -0.0, +1.2, -0.7
Long 2 TF 1239.0, 1237.9, -1.4, -0.4
Long 2 TF 1234.5, 1234.5, +2.0, +2.0
Long 1 TF 1235.5, -1.0
Long 1 ES 2110.25, -1.25
Long 2 NQ 4479.0, 4479.0, -2.0, -2.0
Long 1 TF 1234.7, -0.7
Long 1 TF 1233.9, +1.5
Short 2 TF 1235.4, 1236.0, 1235.7, -0.0, +0.7, +1.5
Short 2 TF 1237.5, 1237.8, +0.5, +1.2
Short 1 TF 1237.5, +1.8
Long 2 TF 1231.1, 1230.7, +0.7, +1.0
Short 1 TF 1234.4, +1.2
Total ES -1.25
Total NQ -8.0
Total +10.6
Long 1 TF 1244.6, -0.5
Long 1 NQ 4404.5, -3.0
Long 2 TF 1240.0, 1240.3, 1240.7, -0.0, +1.2, -0.7
Long 2 TF 1239.0, 1237.9, -1.4, -0.4
Long 2 TF 1234.5, 1234.5, +2.0, +2.0
Long 1 TF 1235.5, -1.0
Long 1 ES 2110.25, -1.25
Long 2 NQ 4479.0, 4479.0, -2.0, -2.0
Long 1 TF 1234.7, -0.7
Long 1 TF 1233.9, +1.5
Short 2 TF 1235.4, 1236.0, 1235.7, -0.0, +0.7, +1.5
Short 2 TF 1237.5, 1237.8, +0.5, +1.2
Short 1 TF 1237.5, +1.8
Long 2 TF 1231.1, 1230.7, +0.7, +1.0
Short 1 TF 1234.4, +1.2
Total ES -1.25
Total NQ -8.0
Total +10.6
Fri May 22 Trades & Journal
20150522
Short 2 NQ 4536.75, 4535.75, +2.0, +4.0
Long 2 YM 18247, 18247, -7, -7
Short 1 TF 1255.5, -0.2
Long 1 TF 1256.1, -0.5
Long 3 YM 18240, 18241, 18237, +7, -0, +7
Long 2 TF 1253.2, 1253.5, +0.7, +1.3
Total YM -0
Total NQ +6.0
Total TF +1.3
Just want to wish all a peaceful memorial day. ...and to tip my hat to all those who made the ultimate sacrifice on the altar of freedom, that the rest of us might live to enjoy the fruits of this great country. I salute them all ..and shout Freedom First !!! There is no peace without it. Semper Fidelis.
Short 2 NQ 4536.75, 4535.75, +2.0, +4.0
Long 2 YM 18247, 18247, -7, -7
Short 1 TF 1255.5, -0.2
Long 1 TF 1256.1, -0.5
Long 3 YM 18240, 18241, 18237, +7, -0, +7
Long 2 TF 1253.2, 1253.5, +0.7, +1.3
Total YM -0
Total NQ +6.0
Total TF +1.3
Just want to wish all a peaceful memorial day. ...and to tip my hat to all those who made the ultimate sacrifice on the altar of freedom, that the rest of us might live to enjoy the fruits of this great country. I salute them all ..and shout Freedom First !!! There is no peace without it. Semper Fidelis.
Thurs May 21 Trades & Journal
20150521
Short 2 TF 1257.7, 1258.1, +1.3, +0.7
Long 2 NQ 4498.75, 4499.0, +2.0, +5.0
Long 1 TF 1253.7, +1.5
Total NQ +7.0
Total TF +3.5
The news can inject a shot of adrenaline into the action of the market, and without a pending economic number release, there often seems less commitment to the little trend wars that appear as swings in the 1st Frame of the day. The trick is to play what's on your screen regardless of how the news is interpreted. Make use of the volatility, but don't give the underlying fundamentals even a cursory thought. The truth is, the fundamentals are not underlying. Market structure is underlying, and plays out its destiny regardless of the news. ...or as my mentor, the cotton trader Randolf Newman use to say... "The news is is meant to confuse. Follow the news and you will lose."
Short 2 TF 1257.7, 1258.1, +1.3, +0.7
Long 2 NQ 4498.75, 4499.0, +2.0, +5.0
Long 1 TF 1253.7, +1.5
Total NQ +7.0
Total TF +3.5
The news can inject a shot of adrenaline into the action of the market, and without a pending economic number release, there often seems less commitment to the little trend wars that appear as swings in the 1st Frame of the day. The trick is to play what's on your screen regardless of how the news is interpreted. Make use of the volatility, but don't give the underlying fundamentals even a cursory thought. The truth is, the fundamentals are not underlying. Market structure is underlying, and plays out its destiny regardless of the news. ...or as my mentor, the cotton trader Randolf Newman use to say... "The news is is meant to confuse. Follow the news and you will lose."
Wed May 20 Trade Summary
20150520
Long 2 NQ 4483.25, 4484.0, +5.0, +2.0
Short 1 TF 1251.8, -0.5
Short 2 TF 1252.6, 1252.6, +0.5, +1.2
Short 1 TF 1253.0, -0.5
Short 1 NQ 4499.0, +5.0
Short 2 TF 1254.2, 1254.5, -0.0, -0.0
Short 1 TF 1254.1, -0.0
Short 2 TF 1254.6, 1254.1, +0.5, +0.4
Total NQ +12
Total TF +1.6
Long 2 NQ 4483.25, 4484.0, +5.0, +2.0
Short 1 TF 1251.8, -0.5
Short 2 TF 1252.6, 1252.6, +0.5, +1.2
Short 1 TF 1253.0, -0.5
Short 1 NQ 4499.0, +5.0
Short 2 TF 1254.2, 1254.5, -0.0, -0.0
Short 1 TF 1254.1, -0.0
Short 2 TF 1254.6, 1254.1, +0.5, +0.4
Total NQ +12
Total TF +1.6
Tues May 19 Trade Summary
20150519
Short 2 NQ 4518.0, 4517.75, +2.0, +7.0
Short 1 YM 18259, -7
Long 2 NQ 4509.5, 4508.25, -0.0, -2.0
Short 3 NQ 4513.75, 4512.75, 4512.0, +2.0, +5.0, +2.0
Short 3 TF 1252.4, 1252.2, 1252.4, +0.7, +2.0, +0.8
Total YM -7
Total NQ +16.0
Total TF +3.5
Short 2 NQ 4518.0, 4517.75, +2.0, +7.0
Short 1 YM 18259, -7
Long 2 NQ 4509.5, 4508.25, -0.0, -2.0
Short 3 NQ 4513.75, 4512.75, 4512.0, +2.0, +5.0, +2.0
Short 3 TF 1252.4, 1252.2, 1252.4, +0.7, +2.0, +0.8
Total YM -7
Total NQ +16.0
Total TF +3.5
Mon May 18 Trades & Journal
20150518
Short 2 TF 1240.3, 1241.0, -0.0, -0.7
Long 1 YM 18239, -0
Short 1 TF 1242.2, -0.7
Short 2 TF 1245.9, 1245.6, +0.7, +1.8
Long 1 YM 18221, +20
Long 1 TF 1241.8, -0.8
Long 1 TF 1240.9, -0.7
Long 1 NQ 4483.75, +3.0
Total YM +20
Total NQ +3.0
Total TF -0.4
Committing to just a part of the 3-frame day for a trading window lends itself better to control and perhaps a better endurance over the long haul. The first frame of the day tends to be the most volatile, and if your methods serve to capture volatility, this is usually the best window in which to place your best energy. However, sometimes the market doesn't always agree. The auto-bot in the valhallafutures trade room posts these lines at the end of the 1s Frame each day: "Mon May18 11:15 AM End of 1st Frame. If price has shown distinct trend, look for some consolidation and/or reversal. If volatile so far, could now become choppy. Further price extremes to initial direction signal possibility of Persistent Trend. Otherwise, if price has only consolidated so far, most likely will begin trending soon." ...and sure enough, the TF finally came out of the pullback base almost as if on cue, pushing fresh volatility into a Noon Hour High. You can't catch all moves all the time, but if this Yang-to-Ying flip were more the daily norm than the exception, I'd have to consider extending my trading window more into the 2nd Frame in order to include it. You have to be willing to go the market, in all aspects. The market will not accommodate by coming to you.
Short 2 TF 1240.3, 1241.0, -0.0, -0.7
Long 1 YM 18239, -0
Short 1 TF 1242.2, -0.7
Short 2 TF 1245.9, 1245.6, +0.7, +1.8
Long 1 YM 18221, +20
Long 1 TF 1241.8, -0.8
Long 1 TF 1240.9, -0.7
Long 1 NQ 4483.75, +3.0
Total YM +20
Total NQ +3.0
Total TF -0.4
Committing to just a part of the 3-frame day for a trading window lends itself better to control and perhaps a better endurance over the long haul. The first frame of the day tends to be the most volatile, and if your methods serve to capture volatility, this is usually the best window in which to place your best energy. However, sometimes the market doesn't always agree. The auto-bot in the valhallafutures trade room posts these lines at the end of the 1s Frame each day: "Mon May18 11:15 AM End of 1st Frame. If price has shown distinct trend, look for some consolidation and/or reversal. If volatile so far, could now become choppy. Further price extremes to initial direction signal possibility of Persistent Trend. Otherwise, if price has only consolidated so far, most likely will begin trending soon." ...and sure enough, the TF finally came out of the pullback base almost as if on cue, pushing fresh volatility into a Noon Hour High. You can't catch all moves all the time, but if this Yang-to-Ying flip were more the daily norm than the exception, I'd have to consider extending my trading window more into the 2nd Frame in order to include it. You have to be willing to go the market, in all aspects. The market will not accommodate by coming to you.
Fri May 15 Trades & Journal
20150515
Long 2 TF 1239.8, 1239.6, +0.4, -0.6
Short 1 TF 1238.6, +1.0
Long 1 YM 18183, +20
Short 1 TF 1239.2, -0.6
Short 2 NQ 4490.5, 4491.0, -1.5, +2.0
Short 1 TF 1241.4, -0.3
Short 1 NQ 4492.75, -2.0
Short 1 TF 1241.4, +2.0
Total YM +20
Total NQ -1.5
Total TF +1.9
Trading takes patience, and yet paradoxically, you must be prepared at every moment to strike. Playing the outfield in baseball makes a good comparison. But in trading, a lack of patience leads directly to mistakes. Today, towards the end of the frame, I showed decent patience in waiting for bear reaction while still in a short that wouldn't roll over from its short entry level. I got stopped out and thought that was about the end of my day. ...and then the YM and NQ added in with short signals of their own, and the TF's stp-out proved to be nothing but a false breakout. What to do, as now the selling is underway across the board, but you're out of all positions...? Wait to see if the YM and NQ sell signals hold while TF makes a retest of its most recent breakout high. They did, and the TF did a sweet little retest to the breaklap, just enough to get me back into the short I was made to look so stupid getting stopped out of. Don't worry about looking the stupid. The market is always smarter than you. Accept your stop-outs. Trade what's in front of you, swallow your pride, and if the signal is still there, just get back into the trade you got knocked out of. ..and a good weekend to all....
Long 2 TF 1239.8, 1239.6, +0.4, -0.6
Short 1 TF 1238.6, +1.0
Long 1 YM 18183, +20
Short 1 TF 1239.2, -0.6
Short 2 NQ 4490.5, 4491.0, -1.5, +2.0
Short 1 TF 1241.4, -0.3
Short 1 NQ 4492.75, -2.0
Short 1 TF 1241.4, +2.0
Total YM +20
Total NQ -1.5
Total TF +1.9
Trading takes patience, and yet paradoxically, you must be prepared at every moment to strike. Playing the outfield in baseball makes a good comparison. But in trading, a lack of patience leads directly to mistakes. Today, towards the end of the frame, I showed decent patience in waiting for bear reaction while still in a short that wouldn't roll over from its short entry level. I got stopped out and thought that was about the end of my day. ...and then the YM and NQ added in with short signals of their own, and the TF's stp-out proved to be nothing but a false breakout. What to do, as now the selling is underway across the board, but you're out of all positions...? Wait to see if the YM and NQ sell signals hold while TF makes a retest of its most recent breakout high. They did, and the TF did a sweet little retest to the breaklap, just enough to get me back into the short I was made to look so stupid getting stopped out of. Don't worry about looking the stupid. The market is always smarter than you. Accept your stop-outs. Trade what's in front of you, swallow your pride, and if the signal is still there, just get back into the trade you got knocked out of. ..and a good weekend to all....
Thurs May 13 Trade Summary
20150514
Long 2 TF 1230.5, 1230.8, -0.5, -0.8
Long 2 TF 1230.0, 1230.0, +1.5, +2.0
Long 1 TF 1231.0, +1.0
Short 1 NQ 4454.0, +5.0
Short 1 TF 1233.1, +1.2
Short 1 TF 1236.3, -1.0
Short 2 NQ 4466.25, 4467.25, +3.0, +2.0
Short 1 TF 1238.7, +1.2
Total NQ +10.0
Total TF +4.6
Long 2 TF 1230.5, 1230.8, -0.5, -0.8
Long 2 TF 1230.0, 1230.0, +1.5, +2.0
Long 1 TF 1231.0, +1.0
Short 1 NQ 4454.0, +5.0
Short 1 TF 1233.1, +1.2
Short 1 TF 1236.3, -1.0
Short 2 NQ 4466.25, 4467.25, +3.0, +2.0
Short 1 TF 1238.7, +1.2
Total NQ +10.0
Total TF +4.6
Wed May 13 Trade Summary
20150513
Short 1 TF 1236.4, +1.5
Long 1 TF 1234.8, -0.2
Long 1 TF 1235.5, -0.0
Long 2 TF 1234.7, 1234.1, +0.4, +2.0
Long 2 TF 1233.9, 1232.9, -0.3, -0.5
Long 2 TF 1231.6, 1231.6, +1.0, +3.0
Total TF +6.9
Short 1 TF 1236.4, +1.5
Long 1 TF 1234.8, -0.2
Long 1 TF 1235.5, -0.0
Long 2 TF 1234.7, 1234.1, +0.4, +2.0
Long 2 TF 1233.9, 1232.9, -0.3, -0.5
Long 2 TF 1231.6, 1231.6, +1.0, +3.0
Total TF +6.9
Tues May 12 Trades & Journal
20150512
Short 1 NQ 4385.5, -1.0
Long 1 TF 1215.4, -0.5
Short 2 TF 1217.5, 1217.5, +1.0, +1.8
Short 1 TF 1218.2, +2.0
Short 1 TF 1219.1, -0.5
Short 2 TF 1221.2, -0.5
Short 2 TF 1223.6, 1223.6, -0.5, -0.5
Short 2 TF 1223.8, 1223.8, -0.5, -0.5
Short 4 TF 1227.2, 1227.2, 1227.2, 1226.8, +0.7, +0.7, -0.3, -0.0
Short 2 TF 1227.5, 1226.8, +2.0, +0.7
Short 1 TF 1229.8, -0.4
Short 1 TF 1230.0, +1.7
Total NQ -1.0
Total TF +6.4
Have seen a few of these types of reversals of late, coming without a full buy model at the lows, and then exploding on the way back up after a complex congestion pattern. That pattern at the lows came today as a well disguised continuation pattern, and my bearish trend prejudice wouldn't let me get my head around the clear breakout levels established by the YM and NQ. Instead, I let myself be mesmerized by the TF bearish divergence and general heaviness. Not only did it keep me from buy the breakout levels offered so nicely by YM and NQ, it got shorting the TF too early on the way back up, as if unable to acknowledge the TF's occasional propensity to play catch-up when in disguise. Take the trades as you see them. Forget your trend prejudice... or better yet, acknowledge that you have a distinct bias which is no doubt reflected by a predominance of traders in kind, thus putting yourself on the wrong side of the market, the majority opinion side. Acknowledge your trend prejudice as a 'tell', and consider what that could cause if the market gets pushed in the opposite direction. Remember Corollary #2., that "....most of the opportunity in the markets is missed by the traders who couldn't concede that the market could go the expected distance, but in the opposite direction."
Short 1 NQ 4385.5, -1.0
Long 1 TF 1215.4, -0.5
Short 2 TF 1217.5, 1217.5, +1.0, +1.8
Short 1 TF 1218.2, +2.0
Short 1 TF 1219.1, -0.5
Short 2 TF 1221.2, -0.5
Short 2 TF 1223.6, 1223.6, -0.5, -0.5
Short 2 TF 1223.8, 1223.8, -0.5, -0.5
Short 4 TF 1227.2, 1227.2, 1227.2, 1226.8, +0.7, +0.7, -0.3, -0.0
Short 2 TF 1227.5, 1226.8, +2.0, +0.7
Short 1 TF 1229.8, -0.4
Short 1 TF 1230.0, +1.7
Total NQ -1.0
Total TF +6.4
Have seen a few of these types of reversals of late, coming without a full buy model at the lows, and then exploding on the way back up after a complex congestion pattern. That pattern at the lows came today as a well disguised continuation pattern, and my bearish trend prejudice wouldn't let me get my head around the clear breakout levels established by the YM and NQ. Instead, I let myself be mesmerized by the TF bearish divergence and general heaviness. Not only did it keep me from buy the breakout levels offered so nicely by YM and NQ, it got shorting the TF too early on the way back up, as if unable to acknowledge the TF's occasional propensity to play catch-up when in disguise. Take the trades as you see them. Forget your trend prejudice... or better yet, acknowledge that you have a distinct bias which is no doubt reflected by a predominance of traders in kind, thus putting yourself on the wrong side of the market, the majority opinion side. Acknowledge your trend prejudice as a 'tell', and consider what that could cause if the market gets pushed in the opposite direction. Remember Corollary #2., that "....most of the opportunity in the markets is missed by the traders who couldn't concede that the market could go the expected distance, but in the opposite direction."
Mon May 11 Trade Summary
20150511
Long 1 NQ 4451.5, +6.0
Long 1 YM 18123, +18
Short 1 TF 1237.9, +2.0
Short 1 TF 1239.0, -1.4
Short 3 TF 1240.4, 1240.4, 1240.4, +1.0, +1.0, +1.0
Long 1 TF 1238.2, +0.7
Long 1 TF 1237.3, -0.4
Long 1 TF 1233.1, +1.2
Total YM +20
Total NQ +6.0
Total TF +5.1
Long 1 NQ 4451.5, +6.0
Long 1 YM 18123, +18
Short 1 TF 1237.9, +2.0
Short 1 TF 1239.0, -1.4
Short 3 TF 1240.4, 1240.4, 1240.4, +1.0, +1.0, +1.0
Long 1 TF 1238.2, +0.7
Long 1 TF 1237.3, -0.4
Long 1 TF 1233.1, +1.2
Total YM +20
Total NQ +6.0
Total TF +5.1
Fri May 8 Trade Summary
20150508
Short 1 NQ 4453.5, +2.0
Short 2 TF 1235.4, 1235.8, -1.0, +0.8
Long 1 NQ 4448.5, +3.0
Long 1 TF 1234.4, -1.0
Total NQ +5.0
Total TF -1.2
Short 1 NQ 4453.5, +2.0
Short 2 TF 1235.4, 1235.8, -1.0, +0.8
Long 1 NQ 4448.5, +3.0
Long 1 TF 1234.4, -1.0
Total NQ +5.0
Total TF -1.2
Tues May 5 Trade Summary
20150505
Long 1 TF 1229.5, -0.7
Long 1 YM 17971, -0
Long 2 TF 1223.1, 1223.1, +0.7, -1.0
Long 2 TF 1222.3, 1222.5, +1.0, -1.1
Long 2 NQ 4435.5, 4435.5, +2.0, -2.0
Long 2 NQ 4434.0, 4434.0, -3.0, -3.0
Long 2 NQ 4432.25, 4432.25, +2.0, -2.0
Long 2 TF 1218.2, 1218.2, +1.3, +2.0
Long 1 TF 1217.6, -0.3
Long 1 TF 1217.9, +1.8
Total YM -0
Total NQ -6.0
Total TF +3.7
Long 1 TF 1229.5, -0.7
Long 1 YM 17971, -0
Long 2 TF 1223.1, 1223.1, +0.7, -1.0
Long 2 TF 1222.3, 1222.5, +1.0, -1.1
Long 2 NQ 4435.5, 4435.5, +2.0, -2.0
Long 2 NQ 4434.0, 4434.0, -3.0, -3.0
Long 2 NQ 4432.25, 4432.25, +2.0, -2.0
Long 2 TF 1218.2, 1218.2, +1.3, +2.0
Long 1 TF 1217.6, -0.3
Long 1 TF 1217.9, +1.8
Total YM -0
Total NQ -6.0
Total TF +3.7
Mon May 4 Trade Summary
20150504
Short 1 TF 1227.6, -0.7
Short 3 NQ 4493.75, 4495.75, 4496.0, -3.0, -0.0, +3.0
Short 2 TF 1233.5, 1233.5, +1.2, +2.0
Short 2 TF 1237.3, 1237.5, +1.0, +0.7
Long 2 YM 18029, 18028, -0, -0
Long 2 YM 18020, 18020, +7, +3
Long 2 TF 1232.8, 1232.8, -0.5, -0.5
Long 3 TF 1231.9, 1231.9, 1231.6, +3.0, +0.7, +0.7
Total YM +10
Total NQ -0.0
Total TF +7.6
Short 1 TF 1227.6, -0.7
Short 3 NQ 4493.75, 4495.75, 4496.0, -3.0, -0.0, +3.0
Short 2 TF 1233.5, 1233.5, +1.2, +2.0
Short 2 TF 1237.3, 1237.5, +1.0, +0.7
Long 2 YM 18029, 18028, -0, -0
Long 2 YM 18020, 18020, +7, +3
Long 2 TF 1232.8, 1232.8, -0.5, -0.5
Long 3 TF 1231.9, 1231.9, 1231.6, +3.0, +0.7, +0.7
Total YM +10
Total NQ -0.0
Total TF +7.6
Fri May 1 Trade Summary
20150501
Short 1 NQ 4438.75, +3.0
Short 1 NQ 4439.75, -2.0
Short 1 TF 1225.5, +3.5
Long 2 TF 1219.3, 1219.0, +2.5, +0.7
Total NQ +1.0
Total TF +6.7
Short 1 NQ 4438.75, +3.0
Short 1 NQ 4439.75, -2.0
Short 1 TF 1225.5, +3.5
Long 2 TF 1219.3, 1219.0, +2.5, +0.7
Total NQ +1.0
Total TF +6.7
Thur Apr 30 Trade Summary
0150430
Long 2 TF 1235.4, 1234.5, -0.0, -0.4
Long 3 YM 17880, 17873, 17870, -12, +15, -7
Long 2 TF 1232.2, 1231.5, +0.3, -0.5
Long 1 TF 1231.5, -0.9
Long 3 TF 1225.9, 1225.0, 1225.2, -1.4, +2.0, +4.0
Short 2 YM 17841, 17837, +7, +15
Short 1 YM 17853, +20
Total YM +38
Total TF +3.1
Long 2 TF 1235.4, 1234.5, -0.0, -0.4
Long 3 YM 17880, 17873, 17870, -12, +15, -7
Long 2 TF 1232.2, 1231.5, +0.3, -0.5
Long 1 TF 1231.5, -0.9
Long 3 TF 1225.9, 1225.0, 1225.2, -1.4, +2.0, +4.0
Short 2 YM 17841, 17837, +7, +15
Short 1 YM 17853, +20
Total YM +38
Total TF +3.1
Wed Apr 29 Trades & Journal
20150429
Short 2 TF 1254.3, 1254.1, +0.7, +2.0
Long 1 TF 1248.5, -0.7
Long 1 TF 1248.3, +2.0
Total TF +4.0
Two losing days in a row is something to be avoided. In my own trade plan, such an event requires me to start the 3rd on the simulator, just to get back in sync. On the day after a losing day, consider that it's more important to finish the day a winner, even if missing a few trades, just to try and get the consistency back. Getting consistency back is far more important than getting back the money you lost the day before.
Short 2 TF 1254.3, 1254.1, +0.7, +2.0
Long 1 TF 1248.5, -0.7
Long 1 TF 1248.3, +2.0
Total TF +4.0
Two losing days in a row is something to be avoided. In my own trade plan, such an event requires me to start the 3rd on the simulator, just to get back in sync. On the day after a losing day, consider that it's more important to finish the day a winner, even if missing a few trades, just to try and get the consistency back. Getting consistency back is far more important than getting back the money you lost the day before.
Tues Apr 28 Trades & Journal
20150428
Short 1 TF 1253.2, +1.0
Short 1 TF 1253.8, +1.2
Long 1 NQ 4514.0, -2.0
Long 1 NQ 4508.0, -2.0
Long 1 TF 1250.9, +2.0
Long 2 NQ 4502.00, 4502.00, +4.0, +8.0
Long 1 YM 17961, -12
Long 3 TF 1243.3, 1243.5, 1243.5, -1.4, +1.5, -0.7
Long 1 TF 1241.4, -1.5
Short 3 TF 1246.6, 1246.2, 1246.6, -1.4, +0.5, +0.5
Short 1 TF 1247.8, -0.7
Short 1 NQ 4508.0, -2.0
Short 3 TF 1248.9, 1248.9, 1249.1, -1.4, -1.4, -0.4
Short 3 TF 1251.0, 1251.0, 1251.0, -0.7, -0.7, -0.7
Total YM -12
Total NQ +6.0
Total TF -4.3
The market is always bigger than you are...and on some days much, much bigger. There is a tendency to fight the 2nd trend direction of the day when the reversal into that trend fails to meet your entry qualifications required to catch it. Such is was for me today, as the bottom came shy of several technical ingredients necessary for entry, and I was left watching it progress through a number of resistance levels and structure levels without being able to enjoy it's offerings to those who, by other means, were participating in the rapid retracement back towards the Opening levels. ....thus, I fought with it with shorts, and lost all the early profits of the initial trades. Don't fight the market on strong impulse action. Your tendency to do so will only put you into the majority company of those also doing so who are only fueling it further. ....and be sure to cut your losses off at about the same number of profit points you set as a daily goal. Tomorrow is another day....
Short 1 TF 1253.2, +1.0
Short 1 TF 1253.8, +1.2
Long 1 NQ 4514.0, -2.0
Long 1 NQ 4508.0, -2.0
Long 1 TF 1250.9, +2.0
Long 2 NQ 4502.00, 4502.00, +4.0, +8.0
Long 1 YM 17961, -12
Long 3 TF 1243.3, 1243.5, 1243.5, -1.4, +1.5, -0.7
Long 1 TF 1241.4, -1.5
Short 3 TF 1246.6, 1246.2, 1246.6, -1.4, +0.5, +0.5
Short 1 TF 1247.8, -0.7
Short 1 NQ 4508.0, -2.0
Short 3 TF 1248.9, 1248.9, 1249.1, -1.4, -1.4, -0.4
Short 3 TF 1251.0, 1251.0, 1251.0, -0.7, -0.7, -0.7
Total YM -12
Total NQ +6.0
Total TF -4.3
The market is always bigger than you are...and on some days much, much bigger. There is a tendency to fight the 2nd trend direction of the day when the reversal into that trend fails to meet your entry qualifications required to catch it. Such is was for me today, as the bottom came shy of several technical ingredients necessary for entry, and I was left watching it progress through a number of resistance levels and structure levels without being able to enjoy it's offerings to those who, by other means, were participating in the rapid retracement back towards the Opening levels. ....thus, I fought with it with shorts, and lost all the early profits of the initial trades. Don't fight the market on strong impulse action. Your tendency to do so will only put you into the majority company of those also doing so who are only fueling it further. ....and be sure to cut your losses off at about the same number of profit points you set as a daily goal. Tomorrow is another day....
Mon Apr 27 Trades & Journal
20150427
Short 1 TF 1268.4, +1.7
Long 1 NQ 4543.5, +4.0
Short 2 TF 1272.1, 1273.1, 1273.2, -1.5, -1.4, -1.4
Short 2 YM 18085, 18085, +7, +14
Short 2 TF 1274.4, 1274.4, +1.2, +1.2
Long 2 YM 18065, 18066, +7, +20
Long 2 TF 1272.6, 1272.5, -0.4, +0.7
Long 2 TF 1272.2, 1272.2, +0.5, -0.7
Long 2 YM 18063, 18063, +10, -3
Long 3 TF 1271.8, 1271.7, 1271.5, -1.4, -1.4, -1.4
Long 2 NQ 4542.5, 4542.5, +2.0, -2.0
Long 4 TF 1264.8, 1264.8, 1264.5, 1264.7, -0.5, -0.5, +0.7, -0.5
Long 2 YM 18033, 18033, +7, +20
Long 1 NQ 4538.0, +5.0
Long 2 TF 1263.4, 1263.5, +1.5, +1.7
Long 1 TF 1255.9, -1.4
Long 1 TF 1250.4, +1.6
Total YM +82
Total NQ +9.0
Total TF -1.7
It has been long acknowledged here that the TF leads the market, but that also signals from the other contracts in confluence can consistently be used to trade the TF when its own signals are lacking. Today.....not so much, as the signals from the NQ and YM were true enough to be taken on their own, but proved unsuccessful for trading in the TF. Trading just one of the 4 main stock indices can be myopic, and worse, it can lead to losing days where stubborn determination to make your chosen contract obey your calls. The market does not obey. It commands. ...and we must listen and follow.
Short 1 TF 1268.4, +1.7
Long 1 NQ 4543.5, +4.0
Short 2 TF 1272.1, 1273.1, 1273.2, -1.5, -1.4, -1.4
Short 2 YM 18085, 18085, +7, +14
Short 2 TF 1274.4, 1274.4, +1.2, +1.2
Long 2 YM 18065, 18066, +7, +20
Long 2 TF 1272.6, 1272.5, -0.4, +0.7
Long 2 TF 1272.2, 1272.2, +0.5, -0.7
Long 2 YM 18063, 18063, +10, -3
Long 3 TF 1271.8, 1271.7, 1271.5, -1.4, -1.4, -1.4
Long 2 NQ 4542.5, 4542.5, +2.0, -2.0
Long 4 TF 1264.8, 1264.8, 1264.5, 1264.7, -0.5, -0.5, +0.7, -0.5
Long 2 YM 18033, 18033, +7, +20
Long 1 NQ 4538.0, +5.0
Long 2 TF 1263.4, 1263.5, +1.5, +1.7
Long 1 TF 1255.9, -1.4
Long 1 TF 1250.4, +1.6
Total YM +82
Total NQ +9.0
Total TF -1.7
It has been long acknowledged here that the TF leads the market, but that also signals from the other contracts in confluence can consistently be used to trade the TF when its own signals are lacking. Today.....not so much, as the signals from the NQ and YM were true enough to be taken on their own, but proved unsuccessful for trading in the TF. Trading just one of the 4 main stock indices can be myopic, and worse, it can lead to losing days where stubborn determination to make your chosen contract obey your calls. The market does not obey. It commands. ...and we must listen and follow.
Fri Apr 24 Trade Summary
20150424
Long 1 TF 1268.8, -0.6
Long 1 YM 17955, -5
Short 1 TF 1267.7, -0.5
Short 2 TF 1267.7, 1267.5, +1.0, -0.2
Short 4 YM 17982, 17982, 17988, 17983, -0, -0, +20, +20
Long 1 TF 1264.6, +1.3
Short 1 TF 1266.3, -0.3
Short 1 TF 1266.6, -0.3
Short 1 TF 1267.2, -0.7
Short 2 TF 1267.9, 1268.0, +0.5, -0.5
Long 2 NQ 4517.75, 4517.75, +2.0, +5.0
Total YM +35
Total NQ +7.0
Total TF -0.3
Long 1 TF 1268.8, -0.6
Long 1 YM 17955, -5
Short 1 TF 1267.7, -0.5
Short 2 TF 1267.7, 1267.5, +1.0, -0.2
Short 4 YM 17982, 17982, 17988, 17983, -0, -0, +20, +20
Long 1 TF 1264.6, +1.3
Short 1 TF 1266.3, -0.3
Short 1 TF 1266.6, -0.3
Short 1 TF 1267.2, -0.7
Short 2 TF 1267.9, 1268.0, +0.5, -0.5
Long 2 NQ 4517.75, 4517.75, +2.0, +5.0
Total YM +35
Total NQ +7.0
Total TF -0.3
Wed Apr 22 Trade Summary
20150421
Long 1 TF 1261.0, -0.5
Short 1 YM 17904, +30
Long 2 NQ 4421.0, 4421.0, +2.0, +7.0
Long 1 TF 1255.6, +2.0
Long 1 NQ 4420.0, -2.0
Long 2 YM 17836, 17837, +7, -7
Long 2 TF 1253.7, 1253.7, +0.7, -0.7
Long 2 ES 1286.75, 1286.75, -1.5, -1.5
Long 2 ES 1284.5, 1284.5, +3.0, +5.0
Short 1 ES 1289.75, +2.0
Short 1 TF 1258.5, -0.0
Short 1 NQ 4433.75, +3.0
Total ES +7.0
Total YM +30
Total NQ +10
Total TF +1.5
Long 1 TF 1261.0, -0.5
Short 1 YM 17904, +30
Long 2 NQ 4421.0, 4421.0, +2.0, +7.0
Long 1 TF 1255.6, +2.0
Long 1 NQ 4420.0, -2.0
Long 2 YM 17836, 17837, +7, -7
Long 2 TF 1253.7, 1253.7, +0.7, -0.7
Long 2 ES 1286.75, 1286.75, -1.5, -1.5
Long 2 ES 1284.5, 1284.5, +3.0, +5.0
Short 1 ES 1289.75, +2.0
Short 1 TF 1258.5, -0.0
Short 1 NQ 4433.75, +3.0
Total ES +7.0
Total YM +30
Total NQ +10
Total TF +1.5
Mon Apr 20 Trade Summary
20150420
Short 3 NQ 4387.5, 4387.5, 4389.25, -0.0, +1.0, +2.0
Short 1 TF 1258.5, +1.0
Long 1 TF 1256.0, +1.0
Long 1 TF 1255.6, -0.0
Long 1 TF 1255.0, +1.5
Long 1 TF 1261.2, +1.1
Total NQ +3.0
Total TF +4.6
Short 3 NQ 4387.5, 4387.5, 4389.25, -0.0, +1.0, +2.0
Short 1 TF 1258.5, +1.0
Long 1 TF 1256.0, +1.0
Long 1 TF 1255.6, -0.0
Long 1 TF 1255.0, +1.5
Long 1 TF 1261.2, +1.1
Total NQ +3.0
Total TF +4.6
Fri Apr 17 Trade Summary
20150417
Long 2 YM 17868, 17868, +15, +20
Long 2 YM 17855, 17846, -12, -5
Long 2 YM 17837, 17837, +10, -7
Long 2 TF 1257.7, 1257.8, -0.7, -0.8
Long 2 TF 1256.4, 1256.4, 1255.5, +0.7, +1.0, -0.7
Long 4 TF 1254.7, 1254.7, 1254.3, 1243.2, +0.7, +0.7, -0.7, -0.7
Long 2 TF 1251.6, 1251.6, +0.5, -1.0
Long 5 TF 1250. 1250.0, 1249.0, 1249.2, 1249.1, +1.4, +1.4, +2.0,+1.0, +0.7
Long 1 TF 1247.9, -0.7
Long 2 NQ 4342.25, 4342.25, +4.0, +6.0
Total YM +21
Total NQ +10.0
Total TF +4.8
Long 2 YM 17868, 17868, +15, +20
Long 2 YM 17855, 17846, -12, -5
Long 2 YM 17837, 17837, +10, -7
Long 2 TF 1257.7, 1257.8, -0.7, -0.8
Long 2 TF 1256.4, 1256.4, 1255.5, +0.7, +1.0, -0.7
Long 4 TF 1254.7, 1254.7, 1254.3, 1243.2, +0.7, +0.7, -0.7, -0.7
Long 2 TF 1251.6, 1251.6, +0.5, -1.0
Long 5 TF 1250. 1250.0, 1249.0, 1249.2, 1249.1, +1.4, +1.4, +2.0,+1.0, +0.7
Long 1 TF 1247.9, -0.7
Long 2 NQ 4342.25, 4342.25, +4.0, +6.0
Total YM +21
Total NQ +10.0
Total TF +4.8
Thur Apr 16 Trade Summary
20150416
Short 2 TF 1270.9, 1271.4, +0.3, +1.1
Long 1 TF 1269.4, -0.6
Long 1 TF 1268.7, -0.6
Long 1 NQ 4409.25, +4.0
Short 2 TF 1270.3, 1270.4, +0.7, +1.0
Short 1 TF 1270.6, -0.7
Short 1 TF 1270.5, -0.5
Short 1 NQ 4408.5, -3.0
Short 2 TF 1271.1, 1270.9, -0.3, +0.5
Short 2 NQ 4411.75, 4413.25, -2.0, +2.0
Total NQ +1.0
Total TF +0.9
Short 2 TF 1270.9, 1271.4, +0.3, +1.1
Long 1 TF 1269.4, -0.6
Long 1 TF 1268.7, -0.6
Long 1 NQ 4409.25, +4.0
Short 2 TF 1270.3, 1270.4, +0.7, +1.0
Short 1 TF 1270.6, -0.7
Short 1 TF 1270.5, -0.5
Short 1 NQ 4408.5, -3.0
Short 2 TF 1271.1, 1270.9, -0.3, +0.5
Short 2 NQ 4411.75, 4413.25, -2.0, +2.0
Total NQ +1.0
Total TF +0.9
Wed Apr 15 Trade Summary
20150415
Short 1 YM 18051, +3
Short 3 NQ 4406.25, 4405.5, 4406.5, -1.0, +2.0, -1.0
Short 1 TF 1166.5, -0.5
Short 2 TF 1268.2, 1268.0, +0.7, -0.8
Short 2 NQ 4410.25, 4409.0, +0.5, +0.4
Short 2 TF 1268.1, 1268.3, +1.2, +0.5
Long 1 TF 1267.0, +1.3
Total YM +3
Total NQ +9.0
Total TF +2.4
Short 1 YM 18051, +3
Short 3 NQ 4406.25, 4405.5, 4406.5, -1.0, +2.0, -1.0
Short 1 TF 1166.5, -0.5
Short 2 TF 1268.2, 1268.0, +0.7, -0.8
Short 2 NQ 4410.25, 4409.0, +0.5, +0.4
Short 2 TF 1268.1, 1268.3, +1.2, +0.5
Long 1 TF 1267.0, +1.3
Total YM +3
Total NQ +9.0
Total TF +2.4
Tues Apr 14 Trades & Journal
20150414
Long 1 TF 1264.4, -0.3
Long 1 TF 1264.0, -1.4
Long 2 TF 1261.1, 1261.1, +0.7, -0.4
Long 1 TF 1259.2, -0.2
Long 3 NQ 4382.0, 4381.0, -3.0, -2.0
Long 2 TF 1258.4, 1258.4, -0.7, -0.7
Long 3 NQ 4371.5, 4371.5, 4371.25, +5.0, +5.0, +8.0
Long 2 TF 1254.7, 1254.7, -0.8, -0.8
Short 2 YM 17869, 17869, +15, +20
Long 1 TF 1255.8, +1.0
Short 2 NQ 4377.5, 4378.0, +6.0, +2.0
Short 2 TF 1259.0, 1259.1, +1.1, +0.7
Short 1 TF 1261.2, -1.4
Short 4 TF 1263.4, 1263.5, 1263.6, 1264.3, -0.0, +0.5, +0.4, +1.6
Total YM +35
Total NQ +21.0
Total TF -0.7
So often I must return to my journal to criticize my lack of fortitude when breakout triggers are ignored and big moves are left on the table. But today, with a huge bull breakout inflection in the TF coming well after the lows were in is just not one of those occasions. You can learn from any market. Everyday it teaches you where the best trades reside, but the TF and YM breakout action doesn't fit any of my current models, and thus requires more study. Whenever I see something new, I take a scan of the pattern and Sequent structure in order to compare it to others I've yet also been unable to catalog. Eventually, some common details will emerge, and considerations toward trading it can be weighed against its consistency and frequency of appearance.
Long 1 TF 1264.4, -0.3
Long 1 TF 1264.0, -1.4
Long 2 TF 1261.1, 1261.1, +0.7, -0.4
Long 1 TF 1259.2, -0.2
Long 3 NQ 4382.0, 4381.0, -3.0, -2.0
Long 2 TF 1258.4, 1258.4, -0.7, -0.7
Long 3 NQ 4371.5, 4371.5, 4371.25, +5.0, +5.0, +8.0
Long 2 TF 1254.7, 1254.7, -0.8, -0.8
Short 2 YM 17869, 17869, +15, +20
Long 1 TF 1255.8, +1.0
Short 2 NQ 4377.5, 4378.0, +6.0, +2.0
Short 2 TF 1259.0, 1259.1, +1.1, +0.7
Short 1 TF 1261.2, -1.4
Short 4 TF 1263.4, 1263.5, 1263.6, 1264.3, -0.0, +0.5, +0.4, +1.6
Total YM +35
Total NQ +21.0
Total TF -0.7
So often I must return to my journal to criticize my lack of fortitude when breakout triggers are ignored and big moves are left on the table. But today, with a huge bull breakout inflection in the TF coming well after the lows were in is just not one of those occasions. You can learn from any market. Everyday it teaches you where the best trades reside, but the TF and YM breakout action doesn't fit any of my current models, and thus requires more study. Whenever I see something new, I take a scan of the pattern and Sequent structure in order to compare it to others I've yet also been unable to catalog. Eventually, some common details will emerge, and considerations toward trading it can be weighed against its consistency and frequency of appearance.
Mon Apr 13 Trade Summary
0150413
Long 1 TF 1262.8, +1.3
Short 1 TF 1264.6, -0.4
Short 2 TF 1264.6, 1265.1, -0.0, -0.2
Long 1 TF 1265.7, -0.0
Short 1 TF 1265.9, -0.4
Long 2 YM 18008, 18006, -8, -4
Long 1 NQ 4433.25, +3.0
Long 3 TF 1267.5, 1267.4, 1267.6, +1.0, +0.5, +0.5
Total YM -12
Total NQ +3.0
Total TF +2.3
Long 1 TF 1262.8, +1.3
Short 1 TF 1264.6, -0.4
Short 2 TF 1264.6, 1265.1, -0.0, -0.2
Long 1 TF 1265.7, -0.0
Short 1 TF 1265.9, -0.4
Long 2 YM 18008, 18006, -8, -4
Long 1 NQ 4433.25, +3.0
Long 3 TF 1267.5, 1267.4, 1267.6, +1.0, +0.5, +0.5
Total YM -12
Total NQ +3.0
Total TF +2.3
Fri Apr 10 Trade Summary
20150410
Long 2 NQ 4387.25, 4387.25, +2.0, +4.0
Short 2 TF 1261.3, 1260.9, +0.7, +1.2
Total NQ +6.0
Total TF +1.9
Long 2 NQ 4387.25, 4387.25, +2.0, +4.0
Short 2 TF 1261.3, 1260.9, +0.7, +1.2
Total NQ +6.0
Total TF +1.9
Thurs Apr 9 Trades & Journal
20150409
Long 3 NQ 4380.5, 4378.5, 4379.5, +2.0, -1.0, +2.0
Long 1 YM 17810, -10
Long 2 TF 1257.6, 1257.5, +1.2, +0.7
Long 2 TF 1255.6, 1255.9, +0.7, -0.7
Long 3 TF 1254.6, 1254.7, 1254.7, +0.7, +2.7, +0.7
Total YM -10
Total NQ +3.0
Total TF +6.0
Breakouts can be tricky. I often choose the wrong ones to go with and get stp'd out. When this happens a few times it becomes background as to following those entry models in my Trade Plan when they reappear. Today, with a decent set of trades under my belt and my profit goal reached early into the 1st Frame, I passed on a breakout model that appeared well before the end of the frame... and watched it fall 10 pts in profits without me. On the emotion side of things, missing that trade hurt a lot more than all the annoying stp-outs of the day before. That's how it goes. Nothing hurts more than missed opportunities... and even that can become a negative background to trading in the form of a sense of pressure not to miss potential opportunities, even trading outside one's plan in order not to miss them. Don't trade outside your plan. And if a breakout model is in your plan, then take it regardless as to whether the last one worked or not. If your breakout models are not finding any consistency in breakout mode, then you have the wrong filters and they have no business in your plan in the first place. But if they are in your plan, then trade them. You can't have it both ways. Putting anything in your plan that you do not take as a trade because you 'didn't like the trade' the very essence of weakness you thought to eradicate by having a Trade Plan in the first place.
Long 3 NQ 4380.5, 4378.5, 4379.5, +2.0, -1.0, +2.0
Long 1 YM 17810, -10
Long 2 TF 1257.6, 1257.5, +1.2, +0.7
Long 2 TF 1255.6, 1255.9, +0.7, -0.7
Long 3 TF 1254.6, 1254.7, 1254.7, +0.7, +2.7, +0.7
Total YM -10
Total NQ +3.0
Total TF +6.0
Breakouts can be tricky. I often choose the wrong ones to go with and get stp'd out. When this happens a few times it becomes background as to following those entry models in my Trade Plan when they reappear. Today, with a decent set of trades under my belt and my profit goal reached early into the 1st Frame, I passed on a breakout model that appeared well before the end of the frame... and watched it fall 10 pts in profits without me. On the emotion side of things, missing that trade hurt a lot more than all the annoying stp-outs of the day before. That's how it goes. Nothing hurts more than missed opportunities... and even that can become a negative background to trading in the form of a sense of pressure not to miss potential opportunities, even trading outside one's plan in order not to miss them. Don't trade outside your plan. And if a breakout model is in your plan, then take it regardless as to whether the last one worked or not. If your breakout models are not finding any consistency in breakout mode, then you have the wrong filters and they have no business in your plan in the first place. But if they are in your plan, then trade them. You can't have it both ways. Putting anything in your plan that you do not take as a trade because you 'didn't like the trade' the very essence of weakness you thought to eradicate by having a Trade Plan in the first place.
Wed Apr 8 Trade Summary
20150408
Short 3 TF 1253.4, 1254.3, 1254.9, -1.6, -1.0, -0.5
Short 2 TF 1254.9, 1254.9, 1255.6, -1.4, -1.4, -0.4
Short 2 TF 1256.2, 1256.4, -1.0, -1.0
Short 3 TF 1258.2, 1258.4, 1258.4, +1.5, +2.0, +2.0
Long 2 TF 1255.3, 1255.3, +0.5, +1.0
Long 2 NQ 4350.5, 4350.5, -2.0, -2.0
Long 4 NQ 4343.0, 4343.0, 4343.0, 4343.0, +2.0, +2.0, -0.0, -0.0
Long 1 NQ 4343.75, +2.0
Short 2 TF 1254.3, 1254.9, -0.0, -0.5
Short 2 NQ 4354.25, 4354.25, +2.0, +4.0
Short 2 NQ 4357.25, 4357.25, -1.0, -1.0
Short 1 TF 1257.25, -0.4
Total NQ +6.0
Total TF -2.2
Short 3 TF 1253.4, 1254.3, 1254.9, -1.6, -1.0, -0.5
Short 2 TF 1254.9, 1254.9, 1255.6, -1.4, -1.4, -0.4
Short 2 TF 1256.2, 1256.4, -1.0, -1.0
Short 3 TF 1258.2, 1258.4, 1258.4, +1.5, +2.0, +2.0
Long 2 TF 1255.3, 1255.3, +0.5, +1.0
Long 2 NQ 4350.5, 4350.5, -2.0, -2.0
Long 4 NQ 4343.0, 4343.0, 4343.0, 4343.0, +2.0, +2.0, -0.0, -0.0
Long 1 NQ 4343.75, +2.0
Short 2 TF 1254.3, 1254.9, -0.0, -0.5
Short 2 NQ 4354.25, 4354.25, +2.0, +4.0
Short 2 NQ 4357.25, 4357.25, -1.0, -1.0
Short 1 TF 1257.25, -0.4
Total NQ +6.0
Total TF -2.2
Tues Apr 7 Trade Summary
20150407
Short 2 YM 17881, 17880, +7, +20
Long 1 NQ 4354.75, -1.5
Long 2 YM 17843, 17842, -5, +7
Long 2 NQ 4348.75, 4348.0, -2.0, +2.0
Long 2 TF 1255.2, 1255.2, +1.0, +1.4
Short 1 NQ 4359.0, -1.5
Short 1 TF 1258.7, -0.5
Short 2 TF 1259.2, 1259.2, +0.5, -0.2
Short 1 TF 1259.2, -0.3
Long 1 TF 1259.6, -0.5
Short 1 TF 1258.9, -0.0
Short 1 TF 1259.1, +1.2
Total YM +29
Total NQ -3.0
Total TF +2.6
Short 2 YM 17881, 17880, +7, +20
Long 1 NQ 4354.75, -1.5
Long 2 YM 17843, 17842, -5, +7
Long 2 NQ 4348.75, 4348.0, -2.0, +2.0
Long 2 TF 1255.2, 1255.2, +1.0, +1.4
Short 1 NQ 4359.0, -1.5
Short 1 TF 1258.7, -0.5
Short 2 TF 1259.2, 1259.2, +0.5, -0.2
Short 1 TF 1259.2, -0.3
Long 1 TF 1259.6, -0.5
Short 1 TF 1258.9, -0.0
Short 1 TF 1259.1, +1.2
Total YM +29
Total NQ -3.0
Total TF +2.6
Mon Apr 6 Trade Summary
20150406
Short 2 TF 1255.7, 1255.8, -0.7, +0.7
Short 2 YM 17686, 17686, +10, +20
Short 2 TF 1256.9, 1256.9, +0.7, +0.3
Short 3 YM 17679, 17686, 17688, , +7, +7, -14
Short 1 NQ 4319.0, -3.0
Short 1 TF 1254.4, -0.7
Short 2 4320, 43.19.25, -3.0, -2.0
Short 1 TF 1258.3, +2.0
Long 1 TF 1255.5, +2.0
Total YM +30
Total NQ -8.0
Total TF +4.3
Short 2 TF 1255.7, 1255.8, -0.7, +0.7
Short 2 YM 17686, 17686, +10, +20
Short 2 TF 1256.9, 1256.9, +0.7, +0.3
Short 3 YM 17679, 17686, 17688, , +7, +7, -14
Short 1 NQ 4319.0, -3.0
Short 1 TF 1254.4, -0.7
Short 2 4320, 43.19.25, -3.0, -2.0
Short 1 TF 1258.3, +2.0
Long 1 TF 1255.5, +2.0
Total YM +30
Total NQ -8.0
Total TF +4.3
Thur Apr 2 Trades & Journal
20150402
Long 1 TF 1249.6, +1.8
Long 2 NQ 4394.5, 4394.5, +6.0, +9.0
Short 2 NQ 4306.5, 4307.25, +2.0, -2.5
Short 2 NQ 4316.5, 4317.75, -3.0, +2.0
Short 2 TF 1257.5, 1257.3, +0.7, +1.0
Total NQ +13.5
Total TF +3.5
A Blessed Easter and Passover to all....
Long 1 TF 1249.6, +1.8
Long 2 NQ 4394.5, 4394.5, +6.0, +9.0
Short 2 NQ 4306.5, 4307.25, +2.0, -2.5
Short 2 NQ 4316.5, 4317.75, -3.0, +2.0
Short 2 TF 1257.5, 1257.3, +0.7, +1.0
Total NQ +13.5
Total TF +3.5
A Blessed Easter and Passover to all....
Wed Apr 1 Trades & Journal
20150401
Long 2 YM 17582, 17582, -10, -10
Long 3 YM 17571, 17571, 17571, -7, -7, -7
Long 4 YM 17559, 17559, 17555, 17548, -0, -0, -7, -10
Long 4 TF 1237.0, 1237.0, 1237.0, 1236.9, -1.0, -1.0, -1.0 -0.5
Long 1 TF 1235.9, -1.4
Short 2 TF 1240.3, 1240.3, -0.4, -0.4
Short 4 TF 1242.5, 1242.5, 1243.5, 1243.5, +1.0, +1.0, +1.0, -0.3
Short 2 TF 1242.5, 1242.4, +1.7, +1.7
Short 2 TF 1243.8, 1243.6, -0.5, -0.5
Short 2 TF 1244.3, 1244.3, -0.5, -0.5
Short 1 TF 1245.4, -0.7,
Short 2 TF 1242.2, 1242.2, +1.0, +1.5
Short 1 TF 1242.2, +1.0
Total YM -58
Total TF +1.2
When we miss in-trend entries, and the market takes off hard without us, we are usually left waiting for pullbacks to enter into the trend we've missed, or choose structural and support level intersections from which to fade the trend into a reversal. Today, having missed both TF and NQ opening short signals, and no pullback bounces on which to get short, I was left to fading the initial collapse, and all unsuccessfully. The slowness and apparent incompleteness of that early low seemed only to extend the eventual pullback far beyond reason, so the pullback short opportunities were challenging as well. Keep your losses manageable. Valid entry models will eventually reappear at the right edge of your video screen. It may only mean that you recover from losses with subsequent gains, but not all days are destined to be profitable. The market is full of surprises that overwhelm your expectations. Stay within your limits, accept your stp-outs with humility. Stay with the game until you've reached your trading limits, whether in losses or in total number of trades taken. Today's resolution is to return to full readiness when ORB setup trades appear, and take them to get a jump on such early explosive openings to be on the right side of things... and if those trades are missed, resist entering into those early trend fades when clear signs that support levels are being ignored are playing out before your eyes. Stay calm...accept the outcome.
Long 2 YM 17582, 17582, -10, -10
Long 3 YM 17571, 17571, 17571, -7, -7, -7
Long 4 YM 17559, 17559, 17555, 17548, -0, -0, -7, -10
Long 4 TF 1237.0, 1237.0, 1237.0, 1236.9, -1.0, -1.0, -1.0 -0.5
Long 1 TF 1235.9, -1.4
Short 2 TF 1240.3, 1240.3, -0.4, -0.4
Short 4 TF 1242.5, 1242.5, 1243.5, 1243.5, +1.0, +1.0, +1.0, -0.3
Short 2 TF 1242.5, 1242.4, +1.7, +1.7
Short 2 TF 1243.8, 1243.6, -0.5, -0.5
Short 2 TF 1244.3, 1244.3, -0.5, -0.5
Short 1 TF 1245.4, -0.7,
Short 2 TF 1242.2, 1242.2, +1.0, +1.5
Short 1 TF 1242.2, +1.0
Total YM -58
Total TF +1.2
When we miss in-trend entries, and the market takes off hard without us, we are usually left waiting for pullbacks to enter into the trend we've missed, or choose structural and support level intersections from which to fade the trend into a reversal. Today, having missed both TF and NQ opening short signals, and no pullback bounces on which to get short, I was left to fading the initial collapse, and all unsuccessfully. The slowness and apparent incompleteness of that early low seemed only to extend the eventual pullback far beyond reason, so the pullback short opportunities were challenging as well. Keep your losses manageable. Valid entry models will eventually reappear at the right edge of your video screen. It may only mean that you recover from losses with subsequent gains, but not all days are destined to be profitable. The market is full of surprises that overwhelm your expectations. Stay within your limits, accept your stp-outs with humility. Stay with the game until you've reached your trading limits, whether in losses or in total number of trades taken. Today's resolution is to return to full readiness when ORB setup trades appear, and take them to get a jump on such early explosive openings to be on the right side of things... and if those trades are missed, resist entering into those early trend fades when clear signs that support levels are being ignored are playing out before your eyes. Stay calm...accept the outcome.
Tues Mar 31 Trade Summary
20150331
Long 2 TF 1247.8, 1246.9, +0.5, +2.0
Long 1 YM 17767, +20
Short 1 TF 1250.1, -0.6
Short 1 TF 1249.8, -0.3
Short 1 TF 1250.2, +1.8
Long 1 TF 1249.6, +1.5
Short 1 TF 1251.0, -0.3
Short 2 TF 1251.1, 1250.8, +1.2, +0.7
Total YM +20
Total TF +6.5
Long 2 TF 1247.8, 1246.9, +0.5, +2.0
Long 1 YM 17767, +20
Short 1 TF 1250.1, -0.6
Short 1 TF 1249.8, -0.3
Short 1 TF 1250.2, +1.8
Long 1 TF 1249.6, +1.5
Short 1 TF 1251.0, -0.3
Short 2 TF 1251.1, 1250.8, +1.2, +0.7
Total YM +20
Total TF +6.5
Mon Mar 30 Trade Summary
20150330
Short 1 ES 2046.0, -1.5
Short 2 YM 17870, 17870, -7, -7
Short 1 TF 1246.0, -1.5
Short 3 TF 1247.4, 1247.4, 1247.9, +0.7, +0.7, -0.1
Short 4 YM 17898, 17898, 17897, 17898, +7, +10, +7, +10
Long 2 TF 1246.8, 1246.4, -0.7, -0.4,
Short 2 TF 1246.0, 1246.0, +0.4, -0.5
Long 2 NQ 4355.25, 4355.25, -1.0, -1.0
Long 2 YM 17870, 17868, +10, +15
Long 1 NQ 1258.75, +6.0
Total ES -1.5
Total YM +45
Total NQ +4.0
Total TF -1.4
Short 1 ES 2046.0, -1.5
Short 2 YM 17870, 17870, -7, -7
Short 1 TF 1246.0, -1.5
Short 3 TF 1247.4, 1247.4, 1247.9, +0.7, +0.7, -0.1
Short 4 YM 17898, 17898, 17897, 17898, +7, +10, +7, +10
Long 2 TF 1246.8, 1246.4, -0.7, -0.4,
Short 2 TF 1246.0, 1246.0, +0.4, -0.5
Long 2 NQ 4355.25, 4355.25, -1.0, -1.0
Long 2 YM 17870, 17868, +10, +15
Long 1 NQ 1258.75, +6.0
Total ES -1.5
Total YM +45
Total NQ +4.0
Total TF -1.4
Fri Mar 27 Trades & Journal
20150327
Long 2 YM 17582, 16584, +7, -7
Short 1 TF 1231.6, +2.0
Long 1 TF 1232.3, -0.5
Short 2 TF 1232.6, 1232.7, -0.6, +0.5
Long 1 TF 1233.2, -0.0
Long 2 YM 17538, 17538, +7, +20
Short 1 YM 17585, -7
Short 1 ES 2049.25, -0.0
Short 1 ES 2051.25, -0.0
Short 1 TF 1230.2, -0.2
Long 1 TF 1230.5, -0.0
Short 1 TF 1230.5, -0.5
Long 1 TF 1232.2, +0.9
Total ES -0.0
Total YM +20
Total TF +1.6
Each trading day provides a whole chapter in potential learning experience and lessons in trade entry and management. But sometimes it just teaches you humility that the the methods and models you use don't call every turn. Today, after yesterday's capture of some nice swooning excursions, I went again hunting for Rhino. ....only to come home having only bagged a few squirrels. And to prove me wanting not only in method but in patience, the market offered me the expected entry model minutes after I had left the screen near the end of the 1st Frame, having quit for the day. In trading, it's usually the missed profits that bother you the most, far more even than any losses accrued. Stay patient. Wait out the frame. It doesn't matter if the market turns or breaks out without you if those entries were not in your Trade Plan. What matters only is that you stick to your Plan. ...and a good weekend to all....
Long 2 YM 17582, 16584, +7, -7
Short 1 TF 1231.6, +2.0
Long 1 TF 1232.3, -0.5
Short 2 TF 1232.6, 1232.7, -0.6, +0.5
Long 1 TF 1233.2, -0.0
Long 2 YM 17538, 17538, +7, +20
Short 1 YM 17585, -7
Short 1 ES 2049.25, -0.0
Short 1 ES 2051.25, -0.0
Short 1 TF 1230.2, -0.2
Long 1 TF 1230.5, -0.0
Short 1 TF 1230.5, -0.5
Long 1 TF 1232.2, +0.9
Total ES -0.0
Total YM +20
Total TF +1.6
Each trading day provides a whole chapter in potential learning experience and lessons in trade entry and management. But sometimes it just teaches you humility that the the methods and models you use don't call every turn. Today, after yesterday's capture of some nice swooning excursions, I went again hunting for Rhino. ....only to come home having only bagged a few squirrels. And to prove me wanting not only in method but in patience, the market offered me the expected entry model minutes after I had left the screen near the end of the 1st Frame, having quit for the day. In trading, it's usually the missed profits that bother you the most, far more even than any losses accrued. Stay patient. Wait out the frame. It doesn't matter if the market turns or breaks out without you if those entries were not in your Trade Plan. What matters only is that you stick to your Plan. ...and a good weekend to all....
Thurs Mar 26 Trades & Journal
20150326
Short 1 NQ 4288.75, -2.0
Short 1 NQ 4296.75, 4297.25, +2.0, -1.0
Short 2 TF 1229.6, 1229.4, +4.0, +0.7
Long 2 TF 1224.3, 1224.5, +0.7, -0.4
Long 1 TF 1223.3, -0.5
Long 1 NQ 4277.25, -2.0
Long 1 TF 1221.5, -0.7
Long 2 TF 1220.9, 1220.7, +3.0, +0.7
Short 1 TF 1225.0, +0.5
Short 1 TF 1226.6, -0.2
Short 1 TF 1226.8, +1.0
Total NQ -5.0
Total TF +8.8
WorkDone is an important concept in trend excursion and reversal. Today in the TF contract at the 1st Frame lows is a perfect example. Price just needed to clip the Globex night session low, even by a tick, before the excursion of that trend test was finally rejected in favor of a larger bull correction to the recent decline. Stay focused. The market tells us where the best places to buy and sell every day, but as Heraclitus noted, "Fools, although they hear, are like the deaf." And market participants, although they see, always seem to remain blind to the messages given them every day at their own place of work.
Short 1 NQ 4288.75, -2.0
Short 1 NQ 4296.75, 4297.25, +2.0, -1.0
Short 2 TF 1229.6, 1229.4, +4.0, +0.7
Long 2 TF 1224.3, 1224.5, +0.7, -0.4
Long 1 TF 1223.3, -0.5
Long 1 NQ 4277.25, -2.0
Long 1 TF 1221.5, -0.7
Long 2 TF 1220.9, 1220.7, +3.0, +0.7
Short 1 TF 1225.0, +0.5
Short 1 TF 1226.6, -0.2
Short 1 TF 1226.8, +1.0
Total NQ -5.0
Total TF +8.8
WorkDone is an important concept in trend excursion and reversal. Today in the TF contract at the 1st Frame lows is a perfect example. Price just needed to clip the Globex night session low, even by a tick, before the excursion of that trend test was finally rejected in favor of a larger bull correction to the recent decline. Stay focused. The market tells us where the best places to buy and sell every day, but as Heraclitus noted, "Fools, although they hear, are like the deaf." And market participants, although they see, always seem to remain blind to the messages given them every day at their own place of work.
Wed Mar 25 Trades & Journal
20150325
Long 2 YM 17895, 17895, +7, -7
Long 3 NQ 4406.5, 4406.5, 4406.0, +2.0, -2.0, -1.0
Long 2 TF 1253.2, 1253.2, +0.7, +1.5
Long 2 NQ 4399.5, 4399.5, +2.0, -2.25
Short 1 YM 17887, -7
Short 1 ES 2082.25, -1.5
Short 1 TF 1256.2, +1.0
Short 1 ES 2083.5, -0.5
Short 2 NQ 4407.5, 4407.25, -2.0, -2.0
Short 2 YM 17909, 17909, +7, +20
Long 2 TF 1254.0, 1254.0, -0.5, -0.2
Short 1 TF 1253.06, -0.2
Long 1 TF 1252.2, -0.9
Long 1 TF 1251.5, -0.5
Short 1 TF 1251.1, -0.4
Total ES -2.0
Total YM +20
Total NQ -5.25
Total TF +0.5
When the bear is eager, care must be taken to recognize the Trade Entry Models quickly....and have the heart to stay with them. The early fades were certainly not working well as signals for a Persistent Trend Day Down began to appear, but when the key breakdown trigger appeared as a Failing Inverted H&S, I balked at the trigger because the action was a bit choppy. I let my frustrations dictate my trade action rather than the plan. I even called the short entry in the members chat room, and yet didn't follow through on taking the trade myself. Once the breakout occurred, I was left with trying to fade at the support zones below.... again obeying my frustrations at missing the breakdown dominate instead of acting on a Trade Plan. Thus, I was left little in hand for the frame. Look over all your Trade Entry Models each day before the action begins, especially note those you haven't seen in awhile, those in particular are more likely to appear now soon. When they appear, take the entries whether you 'feel' good about the trade or not ...and almost to the degree to which you are apprehensive about the outcome is the degree to which success is more likely to occur. Be the Trade Plan and no other.
Long 2 YM 17895, 17895, +7, -7
Long 3 NQ 4406.5, 4406.5, 4406.0, +2.0, -2.0, -1.0
Long 2 TF 1253.2, 1253.2, +0.7, +1.5
Long 2 NQ 4399.5, 4399.5, +2.0, -2.25
Short 1 YM 17887, -7
Short 1 ES 2082.25, -1.5
Short 1 TF 1256.2, +1.0
Short 1 ES 2083.5, -0.5
Short 2 NQ 4407.5, 4407.25, -2.0, -2.0
Short 2 YM 17909, 17909, +7, +20
Long 2 TF 1254.0, 1254.0, -0.5, -0.2
Short 1 TF 1253.06, -0.2
Long 1 TF 1252.2, -0.9
Long 1 TF 1251.5, -0.5
Short 1 TF 1251.1, -0.4
Total ES -2.0
Total YM +20
Total NQ -5.25
Total TF +0.5
When the bear is eager, care must be taken to recognize the Trade Entry Models quickly....and have the heart to stay with them. The early fades were certainly not working well as signals for a Persistent Trend Day Down began to appear, but when the key breakdown trigger appeared as a Failing Inverted H&S, I balked at the trigger because the action was a bit choppy. I let my frustrations dictate my trade action rather than the plan. I even called the short entry in the members chat room, and yet didn't follow through on taking the trade myself. Once the breakout occurred, I was left with trying to fade at the support zones below.... again obeying my frustrations at missing the breakdown dominate instead of acting on a Trade Plan. Thus, I was left little in hand for the frame. Look over all your Trade Entry Models each day before the action begins, especially note those you haven't seen in awhile, those in particular are more likely to appear now soon. When they appear, take the entries whether you 'feel' good about the trade or not ...and almost to the degree to which you are apprehensive about the outcome is the degree to which success is more likely to occur. Be the Trade Plan and no other.
Tues Mar 24 Trade Summary
20150324
Long 2 ES 2092.25, 2091.0, -0.0, +3.0
Short 2 TF 1259.3, 1260.1, -1.4, -0.4
Short 2 NQ 4442.25, 4442.25, +2.0, -1.5
short 2 TF 1260.5, 1260.5, -0.2, -0.2
Short 3 TF 1261.5, 1262.2, 1262.3, -0.0, +0.7, +1.0
Short 2 NQ 4453.5, 4453.5, +2.0, +2.0
Long 1 ES 2094.75, +2.0
Total ES +5.0
Total NQ +4.5
Total TF -0.5
Long 2 ES 2092.25, 2091.0, -0.0, +3.0
Short 2 TF 1259.3, 1260.1, -1.4, -0.4
Short 2 NQ 4442.25, 4442.25, +2.0, -1.5
short 2 TF 1260.5, 1260.5, -0.2, -0.2
Short 3 TF 1261.5, 1262.2, 1262.3, -0.0, +0.7, +1.0
Short 2 NQ 4453.5, 4453.5, +2.0, +2.0
Long 1 ES 2094.75, +2.0
Total ES +5.0
Total NQ +4.5
Total TF -0.5
Mon Mar 23 Trade Summary
20150323
Short 2 NQ 4445.0, 4445.0, +2.0, +3.5
Long 2 TF 1260.2, 1260.5, +0.7, -0.7
Long 2 YM 18092, 18092, +7, +12
Short 1 TF 1259.5, -0.4
Long 2 TF 1259.9, 1259.9, -0.1, -0.1
Long 2 TF 1259.9, 1259.9, +0.7, +1.0
Short 1 TF 1261.3, -0.0
Short 1 TF 1261.4, +0.6
Long 1 TF 1261.0, -0.3
Total YM +19
Total NQ +5.5
Total TF +0.8
Short 2 NQ 4445.0, 4445.0, +2.0, +3.5
Long 2 TF 1260.2, 1260.5, +0.7, -0.7
Long 2 YM 18092, 18092, +7, +12
Short 1 TF 1259.5, -0.4
Long 2 TF 1259.9, 1259.9, -0.1, -0.1
Long 2 TF 1259.9, 1259.9, +0.7, +1.0
Short 1 TF 1261.3, -0.0
Short 1 TF 1261.4, +0.6
Long 1 TF 1261.0, -0.3
Total YM +19
Total NQ +5.5
Total TF +0.8
Fri Mar 20 Trade Summary
20150320
Long 1 NQ 4455.5, -1.0
Short 2 YM 17992, 17997, +20, +17
Long 1 NQ 4449.0, +4.0
Long 1 TF 1257.2, -0.5
Long 2 TF 1256.0, 1256.1, +0.7, +2.2
Long 1 NQ 4453.25, -0.0
Total YM +37
Total NQ +3.0
Total TF +2.4
Long 1 NQ 4455.5, -1.0
Short 2 YM 17992, 17997, +20, +17
Long 1 NQ 4449.0, +4.0
Long 1 TF 1257.2, -0.5
Long 2 TF 1256.0, 1256.1, +0.7, +2.2
Long 1 NQ 4453.25, -0.0
Total YM +37
Total NQ +3.0
Total TF +2.4
Wed Mar 18 Trade Summary
20150318
Long 2 NQ 4349.75, 4347.75, +6.0, +3.0
Long 2 TF 1230.4, 1230.5, +1.0, +2.5
Short 1 NQ 4357.0, -0.25
Short 1 NQ 4357.0, -2.0
Short 1 TF 1236.0, -0.2
Short 1 NQ 4358.5, -0.25
Short 1 NQ 4358.0, -1.5
Short 2 TF 1236.0, 1236.3, +0.7, +0.5
Short 1 NQ 4360.75, +8.0
Long 2 TF 1234.6, 1234.8, +0.5, +1.3
Total NQ +13.0
Total TF +7.0
Long 2 NQ 4349.75, 4347.75, +6.0, +3.0
Long 2 TF 1230.4, 1230.5, +1.0, +2.5
Short 1 NQ 4357.0, -0.25
Short 1 NQ 4357.0, -2.0
Short 1 TF 1236.0, -0.2
Short 1 NQ 4358.5, -0.25
Short 1 NQ 4358.0, -1.5
Short 2 TF 1236.0, 1236.3, +0.7, +0.5
Short 1 NQ 4360.75, +8.0
Long 2 TF 1234.6, 1234.8, +0.5, +1.3
Total NQ +13.0
Total TF +7.0
Tues Mar 17 Trade Summary
20150317
Long 1 NQ 4353.0, +4.0
Long 1 NQ 4352.0, -3.0
Long 3 TF 1230.3, 1230.3, 1229.7, +0.7, +0.7, +2.0
Long 2 TF 1230.7, 1230.5, +0.7, -0.4
Long 2 TF 1230.0, 1230.1, +0.7, +1.5
Total NQ +1.0
Total TF +5.9
Long 1 NQ 4353.0, +4.0
Long 1 NQ 4352.0, -3.0
Long 3 TF 1230.3, 1230.3, 1229.7, +0.7, +0.7, +2.0
Long 2 TF 1230.7, 1230.5, +0.7, -0.4
Long 2 TF 1230.0, 1230.1, +0.7, +1.5
Total NQ +1.0
Total TF +5.9
Mon Mar 16 Trade Summary
20150316
Long 2 TF 1233.5, 1232.4, -1.4, -0.4
Short 2 YM 17846, 17846, +7, -10
Short 2 NQ 4342.75, 4343.75, -3.25, -2.5
Long 2 NQ 4342.0, 4342.5, +2.0, +7.0
Long 2 TF 1232.3, 1232.1, +0.7, +1.5
Short 2 TF 1235.3, 1235.1, +0.7, -0.7
Short 1 NQ 4352.5, -2.0
Short 2 TF 1236.1, 1236.1, +0.5, +1.4
Long 1 TF 1234.5, -0.3
Total YM -3
Total NQ +3.25
Total TF +2.0
Long 2 TF 1233.5, 1232.4, -1.4, -0.4
Short 2 YM 17846, 17846, +7, -10
Short 2 NQ 4342.75, 4343.75, -3.25, -2.5
Long 2 NQ 4342.0, 4342.5, +2.0, +7.0
Long 2 TF 1232.3, 1232.1, +0.7, +1.5
Short 2 TF 1235.3, 1235.1, +0.7, -0.7
Short 1 NQ 4352.5, -2.0
Short 2 TF 1236.1, 1236.1, +0.5, +1.4
Long 1 TF 1234.5, -0.3
Total YM -3
Total NQ +3.25
Total TF +2.0
Fri Mar 13 Trade Summary
20150313
Long 2 TF 1228.8, 1228.7, -0.8, +0.7
Long 2 TF 1226.9, 1227.0, +2.0, +0.7
Long 2 TF 1226.0, 1226.1, -0.0, -0.0
Long 1 TF 1226.0, -0.7
Long 1 TF 1226.3, -0.0
Long 1 TF 1226.4, +1.0
Total TF +2.9
Long 2 TF 1228.8, 1228.7, -0.8, +0.7
Long 2 TF 1226.9, 1227.0, +2.0, +0.7
Long 2 TF 1226.0, 1226.1, -0.0, -0.0
Long 1 TF 1226.0, -0.7
Long 1 TF 1226.3, -0.0
Long 1 TF 1226.4, +1.0
Total TF +2.9
Thurs Mar 12 Trade Summary
20150312
Short 1 TF 1232.3, +2.2
Short 2 NQ 4327.25, 4327.25, +2.0, -2.0
Long 2 TF 1227.7, 1227.7, +0.7, -0.0
Long 2 NQ 4317.5, 4318.0, +8.0, +2.0
Long 1 TF 1225.4, +1.2
Short 1 TF 1224.7, -0.3
Total NQ +10.0
Total TF +3.8
Short 1 TF 1232.3, +2.2
Short 2 NQ 4327.25, 4327.25, +2.0, -2.0
Long 2 TF 1227.7, 1227.7, +0.7, -0.0
Long 2 NQ 4317.5, 4318.0, +8.0, +2.0
Long 1 TF 1225.4, +1.2
Short 1 TF 1224.7, -0.3
Total NQ +10.0
Total TF +3.8
Wed Mar 11 Trades & Journal
20150311
Short 3 TF 1210.0, 1211.0, 1210.6, -0.0, +1.6, +0.7
Short 1 TF 1211.7, -0.4
Short 1 YM 17722, +20
Short 2 TF 1213.4, 1213.4, +0.5, +1.6
Long 2 NQ 4328.5, 4328.5, +2.0, +6.0
Total YM +20
Total NQ +8.0
Total TF +4.0
Trading is not based on which way you think the market wants to go....it's based on the models that appear at the right edge of your video screen. Today I shorted the market at the highs of the 1st hour. I was pretty sure it was going higher and I was about to get stopped out. So tickled was I to be making some profits as it fell that I settled for a simple mechanical profit. I was wrong about my opinions but I still took the trade. The model was right and I was wrong. Trade your models. We don't predict, we position. Get in the trade, and manage the outcome. Except the outcome. That is all we know in trading, and all we need to know.
Short 3 TF 1210.0, 1211.0, 1210.6, -0.0, +1.6, +0.7
Short 1 TF 1211.7, -0.4
Short 1 YM 17722, +20
Short 2 TF 1213.4, 1213.4, +0.5, +1.6
Long 2 NQ 4328.5, 4328.5, +2.0, +6.0
Total YM +20
Total NQ +8.0
Total TF +4.0
Trading is not based on which way you think the market wants to go....it's based on the models that appear at the right edge of your video screen. Today I shorted the market at the highs of the 1st hour. I was pretty sure it was going higher and I was about to get stopped out. So tickled was I to be making some profits as it fell that I settled for a simple mechanical profit. I was wrong about my opinions but I still took the trade. The model was right and I was wrong. Trade your models. We don't predict, we position. Get in the trade, and manage the outcome. Except the outcome. That is all we know in trading, and all we need to know.
Tues Mar 10 Trade Summary
20150310
Long 2 YM 17820, 17822, -10, +7
Long 1 ES 2058.75, -1.5
Long 2 TF 1205.0, 1204.3, +0.5, +2.0
Long 1 NQ 4366.75, -1.0
Long 1 TF 1204.8, +2.0
Short 1 YM 17801, +20
Short 1 NQ 4367.25, +6.0
Long 1 NQ 4358.5, -3.0
Long 2 NQ 4352.25, 4352.75, +3.0, +2.0
Long 1 NQ 4347.0, -2.0
Long 1 NQ 4344.0, +8.0
Total ES -1.5
Total YM +17
Total NQ +13
Total TF +4.5
Long 2 YM 17820, 17822, -10, +7
Long 1 ES 2058.75, -1.5
Long 2 TF 1205.0, 1204.3, +0.5, +2.0
Long 1 NQ 4366.75, -1.0
Long 1 TF 1204.8, +2.0
Short 1 YM 17801, +20
Short 1 NQ 4367.25, +6.0
Long 1 NQ 4358.5, -3.0
Long 2 NQ 4352.25, 4352.75, +3.0, +2.0
Long 1 NQ 4347.0, -2.0
Long 1 NQ 4344.0, +8.0
Total ES -1.5
Total YM +17
Total NQ +13
Total TF +4.5
Mon Mar 9 Trade Summary
20150309
Short 1 TF 1220.2, -0.5
Short 1 TF 1221.7, +1.7
Short 1 TF 1221.8, +1.2
Long 2 TF 1218.0, 1217.5, +1.2, +0.7
Short 1 TF 1219.5, -0.3
Short 1 TF 1220.1, +1.6
Short 1 TF 1219.8, -0.1
Short 1 TF 1220.9, +1.6
Total TF +7.1
Short 1 TF 1220.2, -0.5
Short 1 TF 1221.7, +1.7
Short 1 TF 1221.8, +1.2
Long 2 TF 1218.0, 1217.5, +1.2, +0.7
Short 1 TF 1219.5, -0.3
Short 1 TF 1220.1, +1.6
Short 1 TF 1219.8, -0.1
Short 1 TF 1220.9, +1.6
Total TF +7.1
Fri Mar 6 Trade Summary
20150306
Short 2 TF 1229.0, 1228.6, +1.8, +1.4
Short 2 TF 1232.3, 1232.0, +1.0 +1.6
Long 1 TF 1227.8, +1.7
Total TF +7.5
Short 2 TF 1229.0, 1228.6, +1.8, +1.4
Short 2 TF 1232.3, 1232.0, +1.0 +1.6
Long 1 TF 1227.8, +1.7
Total TF +7.5
Thurs Mar 5 Trades & Journal
20150305
Short 1 NQ 4454.0, +5.0
Short 1 TF 1227.1, -0.4
Long 1 TF 1230.6, -0.5
Short 1 TF 1230.2, -0.7
Short 2 TF 1233.3, 1133.2, +0.7, -0.7
Short 2 NQ 4463.0, 4453.0, +2.0, +5.0
Short 1 TF 1233.5, -0.3
Long 1 NQ 4458.25, +3.0
Short 1 ES 2002.0, +0.25
Long 1 TF 1232.7, -0.5
Long 3 TF 1231.6, 1231.2, 1231.2, -0.0, +0.5, +1.5
Total ES +0.25
Total NQ +15.0
Total TF -0.4
On some days, the best trades are not fading price extremes, but the inflections that take price to them. And the filters for knowing which breakouts to take and which to ignore can be a subtle and elusive formula. Only one was clearly a model in my Trade Plan's current litany, but there is much to learn from every day, as the market always tells us where the best places are to enter, if we would be only listen... stay focused...
Short 1 NQ 4454.0, +5.0
Short 1 TF 1227.1, -0.4
Long 1 TF 1230.6, -0.5
Short 1 TF 1230.2, -0.7
Short 2 TF 1233.3, 1133.2, +0.7, -0.7
Short 2 NQ 4463.0, 4453.0, +2.0, +5.0
Short 1 TF 1233.5, -0.3
Long 1 NQ 4458.25, +3.0
Short 1 ES 2002.0, +0.25
Long 1 TF 1232.7, -0.5
Long 3 TF 1231.6, 1231.2, 1231.2, -0.0, +0.5, +1.5
Total ES +0.25
Total NQ +15.0
Total TF -0.4
On some days, the best trades are not fading price extremes, but the inflections that take price to them. And the filters for knowing which breakouts to take and which to ignore can be a subtle and elusive formula. Only one was clearly a model in my Trade Plan's current litany, but there is much to learn from every day, as the market always tells us where the best places are to enter, if we would be only listen... stay focused...
Wed Mar 4 Trade Summary
20150304
Long 2 TF 1223.9, 1123.4, -1.1, +0.7
Short 1 NQ 4428.0, -3.0
Short 2 NQ 4431.5, 4431.0, +3.0, +5.0
Short 2 TF 1226.5, 1226.4, +0.7, +2.0
Short 1 NQ 4427.25, +3.0
Short 1 TF 1224.8, -0.2
Short 2 NQ 4435.0, 4435.0, -0.0, +6.0
Total NQ +14.0
Total TF +2.1
Long 2 TF 1223.9, 1123.4, -1.1, +0.7
Short 1 NQ 4428.0, -3.0
Short 2 NQ 4431.5, 4431.0, +3.0, +5.0
Short 2 TF 1226.5, 1226.4, +0.7, +2.0
Short 1 NQ 4427.25, +3.0
Short 1 TF 1224.8, -0.2
Short 2 NQ 4435.0, 4435.0, -0.0, +6.0
Total NQ +14.0
Total TF +2.1
Tues Mar 3 Trade Summary
20150303
Long 1 TF 1234.2, -0.6
Long 2 TF 1231.8, 1231.8, -1.4, -1.4
Long 3 NQ 4456.0, 4456.0, 4456.0, +2.0, +3.0, +5.0
Long 2 TF 1229.2, 1229.2, +1.4, +3.2
Short 1 TF 1232.8, -0.5
Long 2 TF 1233.5, 1233.5, +0.5, -0.2
Short 2 TF 1133.8, 1133.7, +0.5, +2.0
Long 1 NQ 4552.25, -0.5
Long 2 NQ 4550.25, 4550.75, +2.0, +6.5
Long 1 NQ 4449.25, -0.5
Long 1 NQ 4445.0, +5.0
Total NQ +22.5
Total TF +3.5
Long 1 TF 1234.2, -0.6
Long 2 TF 1231.8, 1231.8, -1.4, -1.4
Long 3 NQ 4456.0, 4456.0, 4456.0, +2.0, +3.0, +5.0
Long 2 TF 1229.2, 1229.2, +1.4, +3.2
Short 1 TF 1232.8, -0.5
Long 2 TF 1233.5, 1233.5, +0.5, -0.2
Short 2 TF 1133.8, 1133.7, +0.5, +2.0
Long 1 NQ 4552.25, -0.5
Long 2 NQ 4550.25, 4550.75, +2.0, +6.5
Long 1 NQ 4449.25, -0.5
Long 1 NQ 4445.0, +5.0
Total NQ +22.5
Total TF +3.5
Mon Mar 2 Trade Summary
20150302
Long 1 TF 1232.3, +1.2
Long 1 TF 1232.4, +1.5
Short 1 TF 1235.1, -0.1
Short 1 NQ 4468.75, +0.25
Short 1 TF 1236.0, -0.4
Short 2 TF 1240.8, 1240.6, -0.3, +0.7
Short 1 TF 1241.0, -0.7
Short 2 TF 1241.6, 1241.6, -0.3, -1.4
Short 2 TF 1243.1, 1243.1, +1.0, +1.0
Long 1 TF 1241.0, -0.2
Long 1 TF 1239.4, +0.7
Long 1 TF 1239.4, -0.5
Total NQ +0.25
Total TF +2.2
Long 1 TF 1232.3, +1.2
Long 1 TF 1232.4, +1.5
Short 1 TF 1235.1, -0.1
Short 1 NQ 4468.75, +0.25
Short 1 TF 1236.0, -0.4
Short 2 TF 1240.8, 1240.6, -0.3, +0.7
Short 1 TF 1241.0, -0.7
Short 2 TF 1241.6, 1241.6, -0.3, -1.4
Short 2 TF 1243.1, 1243.1, +1.0, +1.0
Long 1 TF 1241.0, -0.2
Long 1 TF 1239.4, +0.7
Long 1 TF 1239.4, -0.5
Total NQ +0.25
Total TF +2.2
Fri Feb 27 Trade Summary
20150227
Short 1 TF 1236.6, -0.6
Short 2 TF 1237.1, 1237.2, +2.0, +2.0
Short 1 YM 18196, +20
Long 1 YM 18155, +12
Total YM +32
Total TF +3.4
Short 1 TF 1236.6, -0.6
Short 2 TF 1237.1, 1237.2, +2.0, +2.0
Short 1 YM 18196, +20
Long 1 YM 18155, +12
Total YM +32
Total TF +3.4
Thurs Feb 26 Trades & Journal
20150226
Long 2 TF 1233.1, 1233.1, +0.7, -0.7
Long 2 YM 18168, 18168, +7, +18
Short 2 NQ 4438.75, 4441.0, -3.5, -1.0
Short 3 TF 1231.8, 1231.9, 1231.8, +0.5, -0.6, +0.5
Short 3 TF 1234.4, 1234.4, 1234.4, -0.0, -0.3, -0.7
Short 1 NQ 4441.5, -3.0
Short 2 TF 1136.3, 1136.3, 1136.2, +0.7, -0.8, -0.0
Short 1 NQ 4456.75, -0.75
Short 3 TF 1237.5, 1137.5, 1137.5, +0.5, +0.5, +0.7
Total YM +25
Total NQ -7.5
Total TF +1.0
Sometimes you fail your Trade Plan... sometimes your Trade Plan fails you... and sometimes your internet fails during the 1st Frame on a day where the initial model entry setups were the best in several days... it did, however, come to life near the the Low-of-Day (LOD) but could only get my head around a small YM position. Thereafter, I misjudged the strength of the Die Hard Bull, but survived serious losses with decent TF net break-even management, although not so well in the NQ. Let's try that again tomorrow... only this time, let's get online first....
Long 2 TF 1233.1, 1233.1, +0.7, -0.7
Long 2 YM 18168, 18168, +7, +18
Short 2 NQ 4438.75, 4441.0, -3.5, -1.0
Short 3 TF 1231.8, 1231.9, 1231.8, +0.5, -0.6, +0.5
Short 3 TF 1234.4, 1234.4, 1234.4, -0.0, -0.3, -0.7
Short 1 NQ 4441.5, -3.0
Short 2 TF 1136.3, 1136.3, 1136.2, +0.7, -0.8, -0.0
Short 1 NQ 4456.75, -0.75
Short 3 TF 1237.5, 1137.5, 1137.5, +0.5, +0.5, +0.7
Total YM +25
Total NQ -7.5
Total TF +1.0
Sometimes you fail your Trade Plan... sometimes your Trade Plan fails you... and sometimes your internet fails during the 1st Frame on a day where the initial model entry setups were the best in several days... it did, however, come to life near the the Low-of-Day (LOD) but could only get my head around a small YM position. Thereafter, I misjudged the strength of the Die Hard Bull, but survived serious losses with decent TF net break-even management, although not so well in the NQ. Let's try that again tomorrow... only this time, let's get online first....
Wed Feb 25 Trade Summary
20150225
Long 1 YM 18170, -7
Short 1 TF 1230.8, +1.8
Short 1 NQ 4444.5, +0.5
Short 1 TF 1231.7, +1.1
Long 1 TF 1232.7, -0.4
Short 1 TF 1132.4, -0.4
Long 1 TF 1133.0, -0.4
Short 1 TF 1131.9, -0.3
Short 1 TF 1132.9, +0.4
Total YM -7
Total NQ +0.5
Total TF +1.8
Long 1 YM 18170, -7
Short 1 TF 1230.8, +1.8
Short 1 NQ 4444.5, +0.5
Short 1 TF 1231.7, +1.1
Long 1 TF 1232.7, -0.4
Short 1 TF 1132.4, -0.4
Long 1 TF 1133.0, -0.4
Short 1 TF 1131.9, -0.3
Short 1 TF 1132.9, +0.4
Total YM -7
Total NQ +0.5
Total TF +1.8
Tues Feb 24 Trades & Journal
20150224
Short 2 TF 1232.0, 1231.9, -0.4, -0.8
Short 1 YM 18122, +20
Long 1 TF 1229.1, +1.5
Short 1 YM 18141, -8
Long 1 YM 18150, +7
Long 1 TF 1233.9, -1.4
Long 1 TF 1232.3, -0.6
Long 3 TF 1232.0, 1232.1, 1232.1, +0.7, +1.0, +1.3
Total YM +19
Total TF +1.3
On some days, you fail your Trade Plan. ...as I did yesterday at a key opportunity on a morning of few TF opportunities within the Plan. But on other days, the Plan can fail you. ...or more correctly, your Trade Plan is inadequate at some junctures where turns take place without you, and successful breakouts and breakdowns take place that can only be described as a surprise. Of course you must consider what else you're missing that might have been included in future entry models, always considering changes to your Plan very, very carefully before committing to any. But otherwise, just live with it. Tomorrow is another day. Enter the trades according to your Plan, and manage them the best you can. Some days are better for trading than others....
Short 2 TF 1232.0, 1231.9, -0.4, -0.8
Short 1 YM 18122, +20
Long 1 TF 1229.1, +1.5
Short 1 YM 18141, -8
Long 1 YM 18150, +7
Long 1 TF 1233.9, -1.4
Long 1 TF 1232.3, -0.6
Long 3 TF 1232.0, 1232.1, 1232.1, +0.7, +1.0, +1.3
Total YM +19
Total TF +1.3
On some days, you fail your Trade Plan. ...as I did yesterday at a key opportunity on a morning of few TF opportunities within the Plan. But on other days, the Plan can fail you. ...or more correctly, your Trade Plan is inadequate at some junctures where turns take place without you, and successful breakouts and breakdowns take place that can only be described as a surprise. Of course you must consider what else you're missing that might have been included in future entry models, always considering changes to your Plan very, very carefully before committing to any. But otherwise, just live with it. Tomorrow is another day. Enter the trades according to your Plan, and manage them the best you can. Some days are better for trading than others....
Feb 23 Trades & Journal
20150223
Long 1 TF 1125.8, -0.7
Short 1 YM 17055, +20
Long 1 TF 1123.1, -0.5
Long 1 TF 1120.7, -1.4
Long 3 NQ 4436.75, 4436.75, 4436.75, +2.0, +2.0, +3.0
Long 3 TF 1119.5, 1119.5, 1119.6, -0.4, -0.4, -0.4
Long 1 TF 1119.5, +2.0
Short 2 TF 1122.2, 1122.3, -0.8, -0.9
Short 2 TF 1122.6, 1122.6, -0.7, -0.7
Short 3 TF 1123.1, 1123.1, 1123.1, +2.0, +2.0, +2.0
Total YM +20
Total NQ +7.0
Total TF +1.1
A single big slam down today presented some challenges in TF trading, and yet not outside the Trade Plan. I just failed to get my head around the trigger in time to acknowledge what was in front of me. I also let the NQ relative strength caution me away from trading what was in front of me in the TF contract. Trade what's in front of you. Ignore the initial divergence as action tries to uncover the trend. The TF stands alone and on its own as these efforts unfold. Read the Trade Plan of these more challenging models into the voice in your ahead before trading begins. This is how you prepare. Not with suppositions about which way the market is supposed to go based on overnight action, but on what appears in front of you at the right edge of your video screen.
Long 1 TF 1125.8, -0.7
Short 1 YM 17055, +20
Long 1 TF 1123.1, -0.5
Long 1 TF 1120.7, -1.4
Long 3 NQ 4436.75, 4436.75, 4436.75, +2.0, +2.0, +3.0
Long 3 TF 1119.5, 1119.5, 1119.6, -0.4, -0.4, -0.4
Long 1 TF 1119.5, +2.0
Short 2 TF 1122.2, 1122.3, -0.8, -0.9
Short 2 TF 1122.6, 1122.6, -0.7, -0.7
Short 3 TF 1123.1, 1123.1, 1123.1, +2.0, +2.0, +2.0
Total YM +20
Total NQ +7.0
Total TF +1.1
A single big slam down today presented some challenges in TF trading, and yet not outside the Trade Plan. I just failed to get my head around the trigger in time to acknowledge what was in front of me. I also let the NQ relative strength caution me away from trading what was in front of me in the TF contract. Trade what's in front of you. Ignore the initial divergence as action tries to uncover the trend. The TF stands alone and on its own as these efforts unfold. Read the Trade Plan of these more challenging models into the voice in your ahead before trading begins. This is how you prepare. Not with suppositions about which way the market is supposed to go based on overnight action, but on what appears in front of you at the right edge of your video screen.
Fri Feb 20 Trades & Journal
20150220
Long 1 TF 1123.6, -0.5
Long 2 NQ 4397.75, 4397.75, +3.0, +5.0
Long 1 YM 17859, -3
Long 1 TF 1216.3, -0.3
Short 2 TF 1214.8, 1214.8, +0.5, -0.7
Short 1 YM 17894, -7
Short 1 NQ 4305.75, -3.0
Short 2 TF 1218.8, 12.8.8, -0.5, -0.5
Short 3 NQ 4409.25, 4409.25, 4409.0, +1.0, +.75, -1.5
Short 2 TF 1220.1, 1220.1, +1.1, +2.7
Short 1 TF 1222.8, -0.9
Short 3 TF 1224.1, 1224.1, 1123.9, +0.5, +1.2, +0.5
Short 1 TF 1224.1, -0.5
Short 1 YM 17975, +10
Total YM -0
Total NQ +5.25
Total TF +2.6
2nd Trends require another set of entry models. But we get comfortable in our approach, and this comfort can also be aided by the trend prejudice that 1st trends often instill. So it was that I missed several decent bull breakout entries on the way back up today, and underestimated the 'after-life' so typical of 2nd trends. Stay alert. Your behavior models as a trader must be as rehearsed as your technical entry event models. If this, then that. Always note where you are in the day's events. Shift with the market. It's all in front of you. The market tells us everyday where the best entries are. Study those places wherein you were most apt to be stp'd out and proven wrong. ...therein lie the profits that have alluded you. ....and a good weekend to all...
Long 1 TF 1123.6, -0.5
Long 2 NQ 4397.75, 4397.75, +3.0, +5.0
Long 1 YM 17859, -3
Long 1 TF 1216.3, -0.3
Short 2 TF 1214.8, 1214.8, +0.5, -0.7
Short 1 YM 17894, -7
Short 1 NQ 4305.75, -3.0
Short 2 TF 1218.8, 12.8.8, -0.5, -0.5
Short 3 NQ 4409.25, 4409.25, 4409.0, +1.0, +.75, -1.5
Short 2 TF 1220.1, 1220.1, +1.1, +2.7
Short 1 TF 1222.8, -0.9
Short 3 TF 1224.1, 1224.1, 1123.9, +0.5, +1.2, +0.5
Short 1 TF 1224.1, -0.5
Short 1 YM 17975, +10
Total YM -0
Total NQ +5.25
Total TF +2.6
2nd Trends require another set of entry models. But we get comfortable in our approach, and this comfort can also be aided by the trend prejudice that 1st trends often instill. So it was that I missed several decent bull breakout entries on the way back up today, and underestimated the 'after-life' so typical of 2nd trends. Stay alert. Your behavior models as a trader must be as rehearsed as your technical entry event models. If this, then that. Always note where you are in the day's events. Shift with the market. It's all in front of you. The market tells us everyday where the best entries are. Study those places wherein you were most apt to be stp'd out and proven wrong. ...therein lie the profits that have alluded you. ....and a good weekend to all...
Thur Feb 19 Trade Summary
20150219
Short 1 TF 1223.0, +1.2
Short 1 TF 1223.5, +2.0
Short 1 TF 1126.2, -0.2
Long 1 TF 1225.5, -0.0
Total TF +3.0
Short 1 TF 1223.0, +1.2
Short 1 TF 1223.5, +2.0
Short 1 TF 1126.2, -0.2
Long 1 TF 1225.5, -0.0
Total TF +3.0
Wed Feb 18 Trade Summary
20150218
Short 2 TF 1222.1, 1122.4, -0.0, +1.5
Long 2 TF 1220.7, 1220.6, -0.6, +0.5
Long 2 TF 1218.8, 1218.8, +0.5, +1.6
Short 1 TF 1220.3, +1.5
Long 1 TF 1217.5, -0.1
Long 2 TF 1217.0, 1217.2, +3.0, +0.7
Total TF +8.6
Short 2 TF 1222.1, 1122.4, -0.0, +1.5
Long 2 TF 1220.7, 1220.6, -0.6, +0.5
Long 2 TF 1218.8, 1218.8, +0.5, +1.6
Short 1 TF 1220.3, +1.5
Long 1 TF 1217.5, -0.1
Long 2 TF 1217.0, 1217.2, +3.0, +0.7
Total TF +8.6
Tues Feb 17 Trade Summary
20150217
Long 2 NQ 4372.25, 4371.25, -1.5, +2.0
Short 1 YM 17945, -5
Short 1 TF 1221.6, -0.5
Short 1 YM 17948, -7
Short 1 TF 1223.5, +1.7
Short 1 NQ 4378.5, -0.75
Short 1 YM 17959, +10
Long 1 YM 17955, -5
Long 1 YM 17944, +13
Short 1 NQ 4383.0, -0.75
Long 1 TF 1224.3, -0.1
Long 1 NQ 4375.5, -3.0
Long 2 NQ 4375.25, 4374.5, -2.25, +2.0
Long 1 TF 1220.5, -0.5
Total YM +6
Total NQ -4.25
Total TF +0.6
Long 2 NQ 4372.25, 4371.25, -1.5, +2.0
Short 1 YM 17945, -5
Short 1 TF 1221.6, -0.5
Short 1 YM 17948, -7
Short 1 TF 1223.5, +1.7
Short 1 NQ 4378.5, -0.75
Short 1 YM 17959, +10
Long 1 YM 17955, -5
Long 1 YM 17944, +13
Short 1 NQ 4383.0, -0.75
Long 1 TF 1224.3, -0.1
Long 1 NQ 4375.5, -3.0
Long 2 NQ 4375.25, 4374.5, -2.25, +2.0
Long 1 TF 1220.5, -0.5
Total YM +6
Total NQ -4.25
Total TF +0.6
Fri Feb 13 Trades & Journal
20150213
Short 1 NQ 4361.75, +5.0
Short 1 YM 17969, -12
Long 1 TF 1217.6, +1.0
Short 1 YM 17986, -3
Short 2 YM 17986, 17986, +12, +20
Long 1 TF 1214.3, +1.0
Long 1 TF 1213.2, +1.5
Long 1 TF 1213.4, -0.0
Long 1 TF 1212.8, -0.6
Long 1 NQ 4349.0, +8.0
Long 2 TF 1212.4, 1212.4, +2.4, +2.7
Long 2 NQ 4350.57, 4350.25, -2.0, +2.0
Total YM +17
Total NQ +13
Total TF +8.0
Trading requires quick admissions of when your positioned wrong, or you have exited too soon. When at a critical turn, at a point where the market action is a persistent grind, and the individual index contracts are out of sync and giving false divergent signals, it is easy to get in too early before the turn is actually complete. Fine. You're not clairvoyant. So don't beat yourself up. Just look at what's in front of you without trend prejudice. Is the entry model there...or is it not? That is all you need to consider. And if it's still there, despite some whipsaw action, surviving the action that action knocked out your stops, then get back in. Stops are there to protect you from the big surprises, where you had everything assessed incorrectly, or failed to recognized the juncture as a potential inflection. Accept what the market is at every moment you are trading. It needs no excuse or reason. It just is. Observe the market. Be the Trade Plan. ...and a good weekend to all...
Short 1 NQ 4361.75, +5.0
Short 1 YM 17969, -12
Long 1 TF 1217.6, +1.0
Short 1 YM 17986, -3
Short 2 YM 17986, 17986, +12, +20
Long 1 TF 1214.3, +1.0
Long 1 TF 1213.2, +1.5
Long 1 TF 1213.4, -0.0
Long 1 TF 1212.8, -0.6
Long 1 NQ 4349.0, +8.0
Long 2 TF 1212.4, 1212.4, +2.4, +2.7
Long 2 NQ 4350.57, 4350.25, -2.0, +2.0
Total YM +17
Total NQ +13
Total TF +8.0
Trading requires quick admissions of when your positioned wrong, or you have exited too soon. When at a critical turn, at a point where the market action is a persistent grind, and the individual index contracts are out of sync and giving false divergent signals, it is easy to get in too early before the turn is actually complete. Fine. You're not clairvoyant. So don't beat yourself up. Just look at what's in front of you without trend prejudice. Is the entry model there...or is it not? That is all you need to consider. And if it's still there, despite some whipsaw action, surviving the action that action knocked out your stops, then get back in. Stops are there to protect you from the big surprises, where you had everything assessed incorrectly, or failed to recognized the juncture as a potential inflection. Accept what the market is at every moment you are trading. It needs no excuse or reason. It just is. Observe the market. Be the Trade Plan. ...and a good weekend to all...
Thur Feb 12 Trade Summary
20150212
Short 1 TF 1206.3, +1.6
Short 1 YM 17901, -7
Short 2 NQ 4328.0, 4327.75, -2.0, -1.0
Short 1 TF 1208.7, -0.7
Short 1 YM 17903, -4
Short 2 TF 1210.9, +0.5, +1.7
Long 1 TF 1207.9, +1.0
Long 2 YM 17877, 17877, +7, +17
Total YM +13
Total NQ -3.0
Total TF +4.1
Short 1 TF 1206.3, +1.6
Short 1 YM 17901, -7
Short 2 NQ 4328.0, 4327.75, -2.0, -1.0
Short 1 TF 1208.7, -0.7
Short 1 YM 17903, -4
Short 2 TF 1210.9, +0.5, +1.7
Long 1 TF 1207.9, +1.0
Long 2 YM 17877, 17877, +7, +17
Total YM +13
Total NQ -3.0
Total TF +4.1
Wed Feb 11 Trade Summary
20150211
Short 2 NQ 4287.25, 4288.0, -3.0, -3.0
Long 3 TF 1199.7, 1198.8, 1198.2, -1.4, -1.4, -0.7
Long 2 TF 1197.3, 1196.9, -0.0, +2.4
Long 1 NQ 4287.5, -0.5
Long 1 ES 2062.0, +1.0
Long 1 TF 1197.2, +1.0
Long 1 ES 2061.25, -1.0
Long 1 TF 1196.1, -0.5
Short 1 TF 1195.6, +0.1
Long 2 TF 1195.4, 1195.2, +1.3, +1.8
Total ES -0.0
Total NQ -6.5
Total TF +2.6
Short 2 NQ 4287.25, 4288.0, -3.0, -3.0
Long 3 TF 1199.7, 1198.8, 1198.2, -1.4, -1.4, -0.7
Long 2 TF 1197.3, 1196.9, -0.0, +2.4
Long 1 NQ 4287.5, -0.5
Long 1 ES 2062.0, +1.0
Long 1 TF 1197.2, +1.0
Long 1 ES 2061.25, -1.0
Long 1 TF 1196.1, -0.5
Short 1 TF 1195.6, +0.1
Long 2 TF 1195.4, 1195.2, +1.3, +1.8
Total ES -0.0
Total NQ -6.5
Total TF +2.6
Tues Feb 10 Trade Summary
20150210
Short 1 NQ 4239.75, -1.0
Long 1 TF 1195.8, +1.5
Long 1 TF 1192.3, -1.0
Long 1 YM 17724, +20
Long 2 TF 1189.9, 1190.0, +0.7, +2.0
Long 1 TF 1188.2, -0.5
Long 1 NQ 4231.75, +5.0
Long 1 TF 1186.6, +1.5
Total YM +20
Total NQ +4.0
Total TF +4.2
Short 1 NQ 4239.75, -1.0
Long 1 TF 1195.8, +1.5
Long 1 TF 1192.3, -1.0
Long 1 YM 17724, +20
Long 2 TF 1189.9, 1190.0, +0.7, +2.0
Long 1 TF 1188.2, -0.5
Long 1 NQ 4231.75, +5.0
Long 1 TF 1186.6, +1.5
Total YM +20
Total NQ +4.0
Total TF +4.2
Mon Feb 9 Trades & Journal
20150209
Short 1 TF 1201.4, -0.7
Short 1 TF 1204.00, +1.0
Long 1 TF 1202.0, +1.5
Short 2 TF 1106.4, 1106.3, +1.2, +0.7
Long 2 ES 2048.25, 2048.25, -1.0, -1.0
Long 1 TF 1205.6, -0.8
Long 1 ES 2046.75, +2.0
Long 2 TF 1203.2, 1303.2, -0.8, -0.8
Long 2 TF 1201.7, 1201.7, -0.7, -0.7
Long 2 YM 17692, 17692, +12, +20
Long 2 TF 1200.4, 1200.00, -1.4, +0.7
Long 1 TF 1199.5, -0.7
Long 1 TF 1198.8, 1198.9, +2.0, +3.0
Long 1 TF 1199.3, -0.5
Long 2 TF 1198.0, 1198.2, +1.7, +1.0
Total ES -0.0
Total YM +32
Total TF +5.7
A key stp-n-rev breakout trade was missed today on the short side, even after a successful short had already been near the High-of-Day just minutes prior. For some reason, had assumed some bullish trend prejudice and didn't see my way to the key elements clearly visible requiring a neutral stance that would accept further failure of the pullback as trigger and signal of a deeper reversal. When we get fixated on a trend belief, it's as if we won't let our minds hear what our eyes are already seeing. As Heraclitus noted, 'Fools, although they hear, are like the deaf'. Take a screen capture of those moments. Recall where your head was at the turn. Listen to what you should have heard. The market is always telling you the best places to enter if you'll only observe without prejudice and listen.
Short 1 TF 1201.4, -0.7
Short 1 TF 1204.00, +1.0
Long 1 TF 1202.0, +1.5
Short 2 TF 1106.4, 1106.3, +1.2, +0.7
Long 2 ES 2048.25, 2048.25, -1.0, -1.0
Long 1 TF 1205.6, -0.8
Long 1 ES 2046.75, +2.0
Long 2 TF 1203.2, 1303.2, -0.8, -0.8
Long 2 TF 1201.7, 1201.7, -0.7, -0.7
Long 2 YM 17692, 17692, +12, +20
Long 2 TF 1200.4, 1200.00, -1.4, +0.7
Long 1 TF 1199.5, -0.7
Long 1 TF 1198.8, 1198.9, +2.0, +3.0
Long 1 TF 1199.3, -0.5
Long 2 TF 1198.0, 1198.2, +1.7, +1.0
Total ES -0.0
Total YM +32
Total TF +5.7
A key stp-n-rev breakout trade was missed today on the short side, even after a successful short had already been near the High-of-Day just minutes prior. For some reason, had assumed some bullish trend prejudice and didn't see my way to the key elements clearly visible requiring a neutral stance that would accept further failure of the pullback as trigger and signal of a deeper reversal. When we get fixated on a trend belief, it's as if we won't let our minds hear what our eyes are already seeing. As Heraclitus noted, 'Fools, although they hear, are like the deaf'. Take a screen capture of those moments. Recall where your head was at the turn. Listen to what you should have heard. The market is always telling you the best places to enter if you'll only observe without prejudice and listen.
Fri Feb 6 Trades & Journal
20150206
Short 1 TF 1108.3, -1.4
Short 2 TF 1109.4, 1109.3, +1.4, +2.0
Long 1 NQ 4243.0, -3.0
Long 2 NQ 4238.25, 4238.5, +2.0, +5.0
Short 1 NQ 4245.25, -3.0
Long 1 1204.3, +1.7
Short 2 TF 1111.4, 1117, -1.0, +0.7
Long 2 TF 1110.5, 1110.2, -1.0, -0.7
Long 1 TF 1210.5, +1.5
Total NQ +1.0
Total TF +3.2
Patience is perhaps the most difficult attribute to learn as a Trader. And the moment that most calls for patience is when trying to recover from an earlier loss with the current entry that has, in fact, unbeknownst, captured the next intraday swing correctly. But because getting even or just better is such a safe haven of relief, you are all the more apt to chuck the patience right out the window for the meager piece of the looming excursion for the comfort of the Accountant's prime directive, security. How much easier it is to muster the required patience for the fuller excursion when today's P&L reflects no worries whatsoever, with enough in the bank to make the day and even some to spare. So little is required to show patience there that one can barely claim it to be patience at all. More accurate then to call it just being cavalier. No, true patience is defined, like bravery, by its opposite. As true bravery is only defined by overcoming the presence of fear, so patience is only defined by its opposite, whatever that is, shall we say, anxiety. When you can ride out a trade's fuller excursion in the face of real anxiety, only then can you say to have exhibited patience.
At another potential pivot juncture today, it was the Plan that failed me, almost as if to pour salt in the wounds of me having failed the management Plan earlier. But shaking that off, the same model appeared just before the end of the 1st Frame, and sticking to the model, recovered an earlier loss with a decent 1-lot position. Of the two more true, me or the Plan, the Plan's consistency in delivery always bests my own efforts at following it.
Also of special note today, was my repetition of yesterday's mistake of not giving the Rule of Alternation more respect. It only cost me half as much in losses as it did today, but it seemed that I only learned the lesson half way towards what it deserved. Pay attention. Renew efforts towards acknowledging precise conditions. Stay focused. Stick to the Trade Plan.
Short 1 TF 1108.3, -1.4
Short 2 TF 1109.4, 1109.3, +1.4, +2.0
Long 1 NQ 4243.0, -3.0
Long 2 NQ 4238.25, 4238.5, +2.0, +5.0
Short 1 NQ 4245.25, -3.0
Long 1 1204.3, +1.7
Short 2 TF 1111.4, 1117, -1.0, +0.7
Long 2 TF 1110.5, 1110.2, -1.0, -0.7
Long 1 TF 1210.5, +1.5
Total NQ +1.0
Total TF +3.2
Patience is perhaps the most difficult attribute to learn as a Trader. And the moment that most calls for patience is when trying to recover from an earlier loss with the current entry that has, in fact, unbeknownst, captured the next intraday swing correctly. But because getting even or just better is such a safe haven of relief, you are all the more apt to chuck the patience right out the window for the meager piece of the looming excursion for the comfort of the Accountant's prime directive, security. How much easier it is to muster the required patience for the fuller excursion when today's P&L reflects no worries whatsoever, with enough in the bank to make the day and even some to spare. So little is required to show patience there that one can barely claim it to be patience at all. More accurate then to call it just being cavalier. No, true patience is defined, like bravery, by its opposite. As true bravery is only defined by overcoming the presence of fear, so patience is only defined by its opposite, whatever that is, shall we say, anxiety. When you can ride out a trade's fuller excursion in the face of real anxiety, only then can you say to have exhibited patience.
At another potential pivot juncture today, it was the Plan that failed me, almost as if to pour salt in the wounds of me having failed the management Plan earlier. But shaking that off, the same model appeared just before the end of the 1st Frame, and sticking to the model, recovered an earlier loss with a decent 1-lot position. Of the two more true, me or the Plan, the Plan's consistency in delivery always bests my own efforts at following it.
Also of special note today, was my repetition of yesterday's mistake of not giving the Rule of Alternation more respect. It only cost me half as much in losses as it did today, but it seemed that I only learned the lesson half way towards what it deserved. Pay attention. Renew efforts towards acknowledging precise conditions. Stay focused. Stick to the Trade Plan.
Thur Feb 5 Trades & Journal
20150205
Short 2 NQ 4231.0, 4230.75, +3.0, -0.5
Short 1 TF 1198.1, -1.4
Short 1 TF 1198.8, -1.4
Short 3 TF 1199.1, 1199.1, 1199.1, -0.5, -0.5, -0.5
Long 2 NQ 4227.5, 4227.5, +2.0, +4.0
Long 1 NQ 4228.75, +5.0
Short 2 YM 17753, 17753, -8, -8
Short 2 NQ 4243.0, 4243.0, -0.5, -0.5
Short 2 NQ 4225.25, 4225.75, +2.0, +5.0
Short 1 TF 1201.3, +1.4
Total YM -16
Total NQ +19.4
Total TF -2.9
Better estimates of expected wave lengths can easily be made by simply acknowledging the Rule of Alternation. Today I left my focus relax on that issue and stepped into shorts too early in the TF twice. But when further signals in the TF failed to materialize, I did make up some ground in the NQ. Focus must exist under the dichotomy of being relaxed yet with razor sharp focus. Review the list of technical considerations as the potential Entry Model approaches. Act accordingly. Be disciplined.
Short 2 NQ 4231.0, 4230.75, +3.0, -0.5
Short 1 TF 1198.1, -1.4
Short 1 TF 1198.8, -1.4
Short 3 TF 1199.1, 1199.1, 1199.1, -0.5, -0.5, -0.5
Long 2 NQ 4227.5, 4227.5, +2.0, +4.0
Long 1 NQ 4228.75, +5.0
Short 2 YM 17753, 17753, -8, -8
Short 2 NQ 4243.0, 4243.0, -0.5, -0.5
Short 2 NQ 4225.25, 4225.75, +2.0, +5.0
Short 1 TF 1201.3, +1.4
Total YM -16
Total NQ +19.4
Total TF -2.9
Better estimates of expected wave lengths can easily be made by simply acknowledging the Rule of Alternation. Today I left my focus relax on that issue and stepped into shorts too early in the TF twice. But when further signals in the TF failed to materialize, I did make up some ground in the NQ. Focus must exist under the dichotomy of being relaxed yet with razor sharp focus. Review the list of technical considerations as the potential Entry Model approaches. Act accordingly. Be disciplined.
Wed Feb 4 Trade Summary
20150204
Short 1 YM 17609, +20
Long 2 TF 1189.1, 1189.3, +0.7, +1.5
Long 3 TF 1189.3, 1189.3, 1189.2, -0.7, -0.0, -0.4
Long 2 TF 1187.1, 1187.0, +2.0, +1.4
Total YM +20
Total TF +4.5
Short 1 YM 17609, +20
Long 2 TF 1189.1, 1189.3, +0.7, +1.5
Long 3 TF 1189.3, 1189.3, 1189.2, -0.7, -0.0, -0.4
Long 2 TF 1187.1, 1187.0, +2.0, +1.4
Total YM +20
Total TF +4.5
Tues Feb 3 Trades & Journal
20150203
Short 2 ES 2032.5, 2033.0, +1.25, +1.5
Long 2 NQ 4101.5, 4101.5, +3.0, +6.0
Short 2 TF 1192.2, 1191.9, +0.7, +2.0
Long 1 TF 1187.3, +1.5
Total ES +2.75
Total NQ +9.0
Total TF +4.2
Less trades is better than more. Looking back to yesterday, is even now hard to remember what possessed me to such over-trading. But that's how the mental game works. Sometimes it's as if something takes over for our better selves, unknown to us, as if on our behalf. That's why it's so important to give the Trader voice. The Trade Plan is the text of the Trader, and gives him voice. Read it aloud before each day's opening session, so that the Trader feels a presence and is the only voice in your head.
Today, I balked at taking a 3rd contract at the HOD as stipulated by the plan. The heat of the TF's bull leadership was so impressive, and I still had yesterday's 2nd Trend action bubbling up in my memory, and the pain of being stp'd out by it along the way. But the model was perfect. Trade the models. The Plan is comprised of them. They were included for good reason. Be the Plan.
Short 2 ES 2032.5, 2033.0, +1.25, +1.5
Long 2 NQ 4101.5, 4101.5, +3.0, +6.0
Short 2 TF 1192.2, 1191.9, +0.7, +2.0
Long 1 TF 1187.3, +1.5
Total ES +2.75
Total NQ +9.0
Total TF +4.2
Less trades is better than more. Looking back to yesterday, is even now hard to remember what possessed me to such over-trading. But that's how the mental game works. Sometimes it's as if something takes over for our better selves, unknown to us, as if on our behalf. That's why it's so important to give the Trader voice. The Trade Plan is the text of the Trader, and gives him voice. Read it aloud before each day's opening session, so that the Trader feels a presence and is the only voice in your head.
Today, I balked at taking a 3rd contract at the HOD as stipulated by the plan. The heat of the TF's bull leadership was so impressive, and I still had yesterday's 2nd Trend action bubbling up in my memory, and the pain of being stp'd out by it along the way. But the model was perfect. Trade the models. The Plan is comprised of them. They were included for good reason. Be the Plan.
Mon Feb 2 Trades & Journal
Trade Summary
20150202
Long 1 TF 1163.0, -1.4
Long 2 TF 1159.9, 1159.6, -1.0, -0.5
Long 3 NQ 4123.5, 4123.5, 4123.5, +2.0 +5.0, +10.0
Long 2 NQ 4116.25, 4116.0, -3.0, -3.0
Long 3 NQ 4115.5, 4115.5, 41.15.5, +2.0, +4.0, -2.0
Long 1 YM 17036, -12
Long 2 YM 17017, 17020, +12, -10
Long 3 TF 1149.1, 1149.5, 1149.5, +2.5, +2.0, +1.2
Short 2 NQ 4102.5, 4103.5, -3.0, +2.0
Short 2 TF 1153.8, 1153.7, -1.4, -0.7
Short 3 TF 1155.1, 1155.1, 1154.5, +1.4, -0.3, +1.1
Short 2 NQ 1141.0, 1141.0, -3.0, -3.0
Short 2 NQ 4114.0, 4113.0, +2.0, -2.5
Short 1 NQ 1114.5, -3.0
Short 2 NQ 4119.0, 4119.0, -3.0, -3.0
Short 2 TF 1157.8, 1157.8, +1.2, +2.0
Short 2 TF 1161.5, 1161.8, -0.7, +1.0
Short 2 YM 17118, 17118, +7, -10
Short 2 NQ 4146,75, 4146.75, -3.0, -3.0
Short 2 TF 1166.2, 1166.2, -0.0, -0.0
Total YM -13
Total NQ -7.5
Total TF +6.4
Volatility can draw you in like a moth to the flame. And when you start treading water and giving back profits, you can trade past your maximum number of trades allowed per frame thinking volatility will eventually come to serve you. I suffered this malaise today and gave up all the good NQ profits unable to accept the 'after life' of the 2nd trend. Today's action was especially whippy and should have filtered me out from taking those additional trades, but I succumbed to temptation and paid for it. Don't let market action and volatility tempt you to trade outside your limits. You won't miss all the opportunities. Sit it out for awhile. Take measure of the day.
20150202
Long 1 TF 1163.0, -1.4
Long 2 TF 1159.9, 1159.6, -1.0, -0.5
Long 3 NQ 4123.5, 4123.5, 4123.5, +2.0 +5.0, +10.0
Long 2 NQ 4116.25, 4116.0, -3.0, -3.0
Long 3 NQ 4115.5, 4115.5, 41.15.5, +2.0, +4.0, -2.0
Long 1 YM 17036, -12
Long 2 YM 17017, 17020, +12, -10
Long 3 TF 1149.1, 1149.5, 1149.5, +2.5, +2.0, +1.2
Short 2 NQ 4102.5, 4103.5, -3.0, +2.0
Short 2 TF 1153.8, 1153.7, -1.4, -0.7
Short 3 TF 1155.1, 1155.1, 1154.5, +1.4, -0.3, +1.1
Short 2 NQ 1141.0, 1141.0, -3.0, -3.0
Short 2 NQ 4114.0, 4113.0, +2.0, -2.5
Short 1 NQ 1114.5, -3.0
Short 2 NQ 4119.0, 4119.0, -3.0, -3.0
Short 2 TF 1157.8, 1157.8, +1.2, +2.0
Short 2 TF 1161.5, 1161.8, -0.7, +1.0
Short 2 YM 17118, 17118, +7, -10
Short 2 NQ 4146,75, 4146.75, -3.0, -3.0
Short 2 TF 1166.2, 1166.2, -0.0, -0.0
Total YM -13
Total NQ -7.5
Total TF +6.4
Volatility can draw you in like a moth to the flame. And when you start treading water and giving back profits, you can trade past your maximum number of trades allowed per frame thinking volatility will eventually come to serve you. I suffered this malaise today and gave up all the good NQ profits unable to accept the 'after life' of the 2nd trend. Today's action was especially whippy and should have filtered me out from taking those additional trades, but I succumbed to temptation and paid for it. Don't let market action and volatility tempt you to trade outside your limits. You won't miss all the opportunities. Sit it out for awhile. Take measure of the day.
Fri Jan 30 Trade Summary
20150130
Long 1 TF 1180.2, +2.0
Short 1 TF 1182.6, -0.7
Short 1 TF 1183.3, +1.1
Long 2 NQ 4181.5, 4179.75, +2.0, +2.0
Long 1 TF 1175.0, -0.4
Long 1 TF 1171.9, +2.0
Long 1 ES 2000.5, -1.75
Long 1 TF 1167.7, 1167.9, +1.1, +2.0
Total ES -1.75
Total NQ +4.0
Total TF +7.1
Long 1 TF 1180.2, +2.0
Short 1 TF 1182.6, -0.7
Short 1 TF 1183.3, +1.1
Long 2 NQ 4181.5, 4179.75, +2.0, +2.0
Long 1 TF 1175.0, -0.4
Long 1 TF 1171.9, +2.0
Long 1 ES 2000.5, -1.75
Long 1 TF 1167.7, 1167.9, +1.1, +2.0
Total ES -1.75
Total NQ +4.0
Total TF +7.1
Thurs Jan 29 Trades & Journal
20150129
Long 2 YM 17119, 17113, +10, -0
Long 1 YM 17119, -10
Long 2 TF 1166.3, 1166.4, +0.7, +4.0
Long 2 NQ 4097.75, 4097.75, +5.0, +9.0
Total YM -0
Total NQ +14.0
Total TF +4.7
Earlier in week was spanked hard by overplaying what I read as just a pullback, ignoring a WorkDone signal at the slam-down low, Channel Midpoint support from two days earlier. There is a temptation to try and get those losses back quickly. This often results in a sort of revenge trading, taking even greater risks than those that incurred the losses in the first place. But the best revenge is consistency. Once lost, that money is gone forever. You can never actually get that piece of capital back. But you can recover your positive equity curve by returning to consistently profitable days. Forget your losses, unless they trigger a Behavior Governor that returns you to the simulator. Instead, focus on the day at hand. Stay disciplined. Return to consistency and profits will return to your account to overtake your losses. ...but your losses......those are gone for good.
Long 2 YM 17119, 17113, +10, -0
Long 1 YM 17119, -10
Long 2 TF 1166.3, 1166.4, +0.7, +4.0
Long 2 NQ 4097.75, 4097.75, +5.0, +9.0
Total YM -0
Total NQ +14.0
Total TF +4.7
Earlier in week was spanked hard by overplaying what I read as just a pullback, ignoring a WorkDone signal at the slam-down low, Channel Midpoint support from two days earlier. There is a temptation to try and get those losses back quickly. This often results in a sort of revenge trading, taking even greater risks than those that incurred the losses in the first place. But the best revenge is consistency. Once lost, that money is gone forever. You can never actually get that piece of capital back. But you can recover your positive equity curve by returning to consistently profitable days. Forget your losses, unless they trigger a Behavior Governor that returns you to the simulator. Instead, focus on the day at hand. Stay disciplined. Return to consistency and profits will return to your account to overtake your losses. ...but your losses......those are gone for good.
Wed Jan 28 Trade Summary
20150128
Short 2 NQ 4220.25, 42202.5, +2.0, +5.0
Short 1 NQ 4202.25, -0.5
Short 2 NQ 4224.5, 4223.25, +8.0, +2.0
Long 1 TF 1189.5, -0.5
Short 1 YM 17398, -7
Short 1 TF 1189.4, -0.0
Short 2 TF 1190.8, 1190.7, +0.7, -0.7
Short 1 TF 1187.5, +1.5
Long 1 TF 1185.6, +1.0
Total YM -7
Total NQ +16.5
Total TF +2.0
Short 2 NQ 4220.25, 42202.5, +2.0, +5.0
Short 1 NQ 4202.25, -0.5
Short 2 NQ 4224.5, 4223.25, +8.0, +2.0
Long 1 TF 1189.5, -0.5
Short 1 YM 17398, -7
Short 1 TF 1189.4, -0.0
Short 2 TF 1190.8, 1190.7, +0.7, -0.7
Short 1 TF 1187.5, +1.5
Long 1 TF 1185.6, +1.0
Total YM -7
Total NQ +16.5
Total TF +2.0
Tues Jan 27 Trades & Journal
20150127
Long 1 YM 17322, +20
Long 1 TF 1185.9, -1.4
Long 3 TF 1185.2, 1185.4, 1185.6, +1.4, +1.0, +3.6
Total YM +20
Total TF +4.6
The most important element to your success as the Trader is consistency, not big days. Suffering through a long series of losing days in order to capitalize well and overcome those losers with a nice net profit might be good for the mind set of Larry Williams, but for most of us, a series of losing days is debilitating, to say the least. Thus as a behavior governor to a trade plan, 2 or 3 losing days in a row should have serious consequences. ...namely, it's time to go back to the simulator. Getting back your losses the very next day, however, is exactly what the Accountant wants of you. And he might be willing to take any amount of risks and stretch any number of entry models to suite an entry if it means that losses might be recovered from recent days. Instead, it is best just to regain some consistency. Be willing to quit early if necessary just in order to report a profit on a day after a losing day. Your losses are gone forever. You can't ever have that money back. But you might earn your way back into your positive equity curve by regaining a streak of consistently winning days. Put it in your Plan. Be the Plan.
Long 1 YM 17322, +20
Long 1 TF 1185.9, -1.4
Long 3 TF 1185.2, 1185.4, 1185.6, +1.4, +1.0, +3.6
Total YM +20
Total TF +4.6
The most important element to your success as the Trader is consistency, not big days. Suffering through a long series of losing days in order to capitalize well and overcome those losers with a nice net profit might be good for the mind set of Larry Williams, but for most of us, a series of losing days is debilitating, to say the least. Thus as a behavior governor to a trade plan, 2 or 3 losing days in a row should have serious consequences. ...namely, it's time to go back to the simulator. Getting back your losses the very next day, however, is exactly what the Accountant wants of you. And he might be willing to take any amount of risks and stretch any number of entry models to suite an entry if it means that losses might be recovered from recent days. Instead, it is best just to regain some consistency. Be willing to quit early if necessary just in order to report a profit on a day after a losing day. Your losses are gone forever. You can't ever have that money back. But you might earn your way back into your positive equity curve by regaining a streak of consistently winning days. Put it in your Plan. Be the Plan.
Mon Jan 26 Trades & Journal
20150126
Short 3 TF 1179.0, 1179.8, 1180.0, -1.4, -0.7, -0.7
Short 3 TF 1181.0, 1181.0, 1181.6, -1.6, -1.6, -0.7
Short 3 TF 1182.3, 1182.3, 1182.3, -0.7, -0.7, -0.7
Short 3 TF 1183.7, 1183.7, 1183.7, -0.5, -0.5, -0.5
Short 2 TF 1187.5, 1187.5, +2.0, +2.0
Total TF -6.3
Sometimes you fail your Trade Plan. The trades are all in front of you, but you balk, or believe you know better than your plan and proceed into a trade without it. But sometimes your Trade Plan fails you. On those days, its the volatility that you depend on so much blows right through your stops, one level after another. But there is always something to learn from any day's losses. And today, I failed to recognize, unlike the low on Friday, that today's low was just as significant as a WorkDone concept and more worthy of my respect than my early shorts proffered. Slow down when surprising volatility appears. Something bigger is afoot than your normal stops and swings. Let it work itself out, then step in as others are finally being stop'd out of their unworthy assumptions. Be disciplined.
Short 3 TF 1179.0, 1179.8, 1180.0, -1.4, -0.7, -0.7
Short 3 TF 1181.0, 1181.0, 1181.6, -1.6, -1.6, -0.7
Short 3 TF 1182.3, 1182.3, 1182.3, -0.7, -0.7, -0.7
Short 3 TF 1183.7, 1183.7, 1183.7, -0.5, -0.5, -0.5
Short 2 TF 1187.5, 1187.5, +2.0, +2.0
Total TF -6.3
Sometimes you fail your Trade Plan. The trades are all in front of you, but you balk, or believe you know better than your plan and proceed into a trade without it. But sometimes your Trade Plan fails you. On those days, its the volatility that you depend on so much blows right through your stops, one level after another. But there is always something to learn from any day's losses. And today, I failed to recognize, unlike the low on Friday, that today's low was just as significant as a WorkDone concept and more worthy of my respect than my early shorts proffered. Slow down when surprising volatility appears. Something bigger is afoot than your normal stops and swings. Let it work itself out, then step in as others are finally being stop'd out of their unworthy assumptions. Be disciplined.
Fri Jan 23 Trade Summary
20150123
Long 2 YM 17698, 17697, +20, +7
Long 1 YM 17690, -5
Short 2 YM 17712, 17714, -7, -5
Long 1 NQ 4262.5, +5.0
Long 1 TF 1184.4, +1.8
Short 2 TF 1186.4, 1186.2, +3.0, +1.0
Short 1 NQ 4254.0, +1.0
Short 1 YM 17723, +18
Short 2 TF 1188.2, 1188.0, +0.7, +1.4
Short 1 TF 1191.6, -0.5
Short 1 TF 1192.7, +2.0
Total YM +28
Total NQ +6.0
Total TF +9.4
Long 2 YM 17698, 17697, +20, +7
Long 1 YM 17690, -5
Short 2 YM 17712, 17714, -7, -5
Long 1 NQ 4262.5, +5.0
Long 1 TF 1184.4, +1.8
Short 2 TF 1186.4, 1186.2, +3.0, +1.0
Short 1 NQ 4254.0, +1.0
Short 1 YM 17723, +18
Short 2 TF 1188.2, 1188.0, +0.7, +1.4
Short 1 TF 1191.6, -0.5
Short 1 TF 1192.7, +2.0
Total YM +28
Total NQ +6.0
Total TF +9.4
Thurs Jan 22 Trades & Journal
20150122
Short 2 NQ 4188, 4189.0, +8.0, +2.0
Long 2 ES 2021.5, 2020.0, +3.0, +2.0
Short 2 TF 1162.5, 1162.8, -0.9, +0.7
Short 1 NQ 4187.5, -3.0
Short 2 NQ 4190.0, 4190.0, +5.0, -1.0
Short 2 TF 1166.9, +3.0
Short 1 TF 1166.2, -0.9
Short 1 TF 1167.4, -0.6
Short 2 NQ 4204.25, 4204.5, -1.5, -1.5
Short 1 YM 17550, -3
Short 3 TF 1172.7, 1172.7, 1172.7, +1.0, +1.0, +2.0
Total ES +5.0
Total YM -3
Total NQ +8.0
Total TF +5.3
Although several reversals and pullbacks were profitable, can feel the smarting from not having taken a critical set of breakouts as the 2nd trend ensued. Filters were perfect. But where was my head at the opportunities? At moments like this, it can facilitate an entry by considering certain levels of structure, price and momentum as stp-n-reverse levels. Think of the entry as a fork or inflection. Don't enter the one without considering the other. They are part of the same trade, not separate, and in so doing, can help alleviate the trend prejudice that slips in when feeling compelled to 'catch' the reaction before it gets away. What if the 'reaction' is the new trend? Then enter that pullback as a stp-n-reverse. Today, I resigned to think of the mental image of wearing a baseball cap, but turning it around backwards for some trades. It's like Tin Cup being told to untie one shoe when stuck in a shanking mode while playing golf. Throw something off kilter. Change it up. Remember, Corollary #2 to the Douglas Premise: "most of the opportunity that is missed in the markets is missed by traders who were unable to concede that the market could go the expected distance--but in the opposite direction." Get focused.
Short 2 NQ 4188, 4189.0, +8.0, +2.0
Long 2 ES 2021.5, 2020.0, +3.0, +2.0
Short 2 TF 1162.5, 1162.8, -0.9, +0.7
Short 1 NQ 4187.5, -3.0
Short 2 NQ 4190.0, 4190.0, +5.0, -1.0
Short 2 TF 1166.9, +3.0
Short 1 TF 1166.2, -0.9
Short 1 TF 1167.4, -0.6
Short 2 NQ 4204.25, 4204.5, -1.5, -1.5
Short 1 YM 17550, -3
Short 3 TF 1172.7, 1172.7, 1172.7, +1.0, +1.0, +2.0
Total ES +5.0
Total YM -3
Total NQ +8.0
Total TF +5.3
Although several reversals and pullbacks were profitable, can feel the smarting from not having taken a critical set of breakouts as the 2nd trend ensued. Filters were perfect. But where was my head at the opportunities? At moments like this, it can facilitate an entry by considering certain levels of structure, price and momentum as stp-n-reverse levels. Think of the entry as a fork or inflection. Don't enter the one without considering the other. They are part of the same trade, not separate, and in so doing, can help alleviate the trend prejudice that slips in when feeling compelled to 'catch' the reaction before it gets away. What if the 'reaction' is the new trend? Then enter that pullback as a stp-n-reverse. Today, I resigned to think of the mental image of wearing a baseball cap, but turning it around backwards for some trades. It's like Tin Cup being told to untie one shoe when stuck in a shanking mode while playing golf. Throw something off kilter. Change it up. Remember, Corollary #2 to the Douglas Premise: "most of the opportunity that is missed in the markets is missed by traders who were unable to concede that the market could go the expected distance--but in the opposite direction." Get focused.
Wed Jan 21 Trades & Journal
20150121
Short 1 YM 17444, -12
Short 3 YM 17462, 17462, 17462, +7, +17, +30
Long 3 YM 17404, 17396, 17391, -12, -12, -12
Long 3 YM 17375, 17375, 17375, +20, +20, +35
Total YM +81
Takes trades where you find them. Sometimes signals are scant in the early going. Today, it was all in the YM for the 1st frame of the day. Be prepared to re-enter after being stp'd out if the aspects of the Entry Model are still in place, but the stretch of prices has exceeded initial support levels and proceeded to the next. Such things are not predictable. We don't predict, we position. ...and then once in the trade, we manage. Be alert. Be rehearsed. If this, then that. This is the role of the Trader.
Short 1 YM 17444, -12
Short 3 YM 17462, 17462, 17462, +7, +17, +30
Long 3 YM 17404, 17396, 17391, -12, -12, -12
Long 3 YM 17375, 17375, 17375, +20, +20, +35
Total YM +81
Takes trades where you find them. Sometimes signals are scant in the early going. Today, it was all in the YM for the 1st frame of the day. Be prepared to re-enter after being stp'd out if the aspects of the Entry Model are still in place, but the stretch of prices has exceeded initial support levels and proceeded to the next. Such things are not predictable. We don't predict, we position. ...and then once in the trade, we manage. Be alert. Be rehearsed. If this, then that. This is the role of the Trader.
Tues Jan 20 Trade Summary
20150120
Short 1 TF 1174.1, +2.0
Long 1 YM 17427, +18
Long 2 NQ 4134.0, -3.0
Long 2 NQ 4128.5, 4129.0, -2.25, +2.0
Long 3 YM 17334, 17334, 17334, +7, +20, +30
Long 2 TF 1163.3, 1163.7, 1163.2, +2.8, -0.0, +1.0,
short 2 NQ 4143.0, 4143.0, +2.0, +3.0
Long 1 TF 1158.8, +1.3
Total YM +75
Total NQ +1.75
Total TF +7.1
Short 1 TF 1174.1, +2.0
Long 1 YM 17427, +18
Long 2 NQ 4134.0, -3.0
Long 2 NQ 4128.5, 4129.0, -2.25, +2.0
Long 3 YM 17334, 17334, 17334, +7, +20, +30
Long 2 TF 1163.3, 1163.7, 1163.2, +2.8, -0.0, +1.0,
short 2 NQ 4143.0, 4143.0, +2.0, +3.0
Long 1 TF 1158.8, +1.3
Total YM +75
Total NQ +1.75
Total TF +7.1
Fri Jan 16 Trade Summary
Trade Summary
20150116
Short 3 TF 1157.7, 1157.5, 1156.8, +2.0, +0.7, +1.0
Short 1 TF 1159.9, +3.0
Total TF +6.7
20150116
Short 3 TF 1157.7, 1157.5, 1156.8, +2.0, +0.7, +1.0
Short 1 TF 1159.9, +3.0
Total TF +6.7
Thur Jan 15 Trades & Journal
20150115
Long 1 TF 1170.6, +2.1
Long 1 ES 2000.00, +2.5
Long 3 TF 1164.0, 1164.0, 1164.6, +1.3, -1.2, -0.8
Long 3 TF 1162.8, 1162.8, 1163.5, +3.2, -0.4, +1.2
Long 1 YM 17287, -12
Long 2 TF 1157.4, 1157.4, +1.8, +3.5
Short 1 TF 1166.1, +1.3
Short 1 TF 1167.5, +1.4
Total ES +2.5
Total YM -12
Total TF +13.4
A runner is difficult thing to establish for several reasons. First, it requires a multiple contract position. No use trying to make a runner of a 1-lot, or even a 2nd most of the time. Giving up profits on the assumption that one's genius to find the true start of the next intraday reversal trend is just arrogance. Despite all the technical minutia that can pile up into a Trade Entry Model, no such clairvoyance is remotely possible. Therefore, it falls on the third contract of a multi-contract position for such a task. Today, I gave up a 3pt TF paper gain twice trying to survive a series of retests into a full reversal, only to get knocked out just prior to the Philly Fed release. Then, having been 'trained' by the market not to do such a thing again, I trailed my stp to +3.5 pts on a second Sequent series reversal, only to gain the 3pts but give up a runner whose excursion eventually carried some 14 pts higher. You can't undue your previous mistake by applying the solution later at the wrong place. But such subtleties are hard to learn. The best I can learn from the experience is that-when determined to make the 3rd contract a runner--not to move my the stop-loss away from break-even until the first full pullback in the lower time frame bars has completed, thus at least giving some confirmation that the trend will continue, and providing a place to hide the stop with some gain for runner in hand... Stay focused.
Long 1 TF 1170.6, +2.1
Long 1 ES 2000.00, +2.5
Long 3 TF 1164.0, 1164.0, 1164.6, +1.3, -1.2, -0.8
Long 3 TF 1162.8, 1162.8, 1163.5, +3.2, -0.4, +1.2
Long 1 YM 17287, -12
Long 2 TF 1157.4, 1157.4, +1.8, +3.5
Short 1 TF 1166.1, +1.3
Short 1 TF 1167.5, +1.4
Total ES +2.5
Total YM -12
Total TF +13.4
A runner is difficult thing to establish for several reasons. First, it requires a multiple contract position. No use trying to make a runner of a 1-lot, or even a 2nd most of the time. Giving up profits on the assumption that one's genius to find the true start of the next intraday reversal trend is just arrogance. Despite all the technical minutia that can pile up into a Trade Entry Model, no such clairvoyance is remotely possible. Therefore, it falls on the third contract of a multi-contract position for such a task. Today, I gave up a 3pt TF paper gain twice trying to survive a series of retests into a full reversal, only to get knocked out just prior to the Philly Fed release. Then, having been 'trained' by the market not to do such a thing again, I trailed my stp to +3.5 pts on a second Sequent series reversal, only to gain the 3pts but give up a runner whose excursion eventually carried some 14 pts higher. You can't undue your previous mistake by applying the solution later at the wrong place. But such subtleties are hard to learn. The best I can learn from the experience is that-when determined to make the 3rd contract a runner--not to move my the stop-loss away from break-even until the first full pullback in the lower time frame bars has completed, thus at least giving some confirmation that the trend will continue, and providing a place to hide the stop with some gain for runner in hand... Stay focused.
Wed Jan 14 Trade Summary
20150114
Long 1 YM 17304, +38
Short 2 YM 17377, 17376, +7, -7
Short 2 TF 1174.5, 1174.6, +2.2, +1.0
Short 1 NQ 4157.5, +8.0
Total YM +38
Total NQ +8.0
Total TF +3.2
Long 1 YM 17304, +38
Short 2 YM 17377, 17376, +7, -7
Short 2 TF 1174.5, 1174.6, +2.2, +1.0
Short 1 NQ 4157.5, +8.0
Total YM +38
Total NQ +8.0
Total TF +3.2
Tues Jan 13 Trades & Journal
20150113
Long 1 TF 1190.1, +1.5
Short 2 ES 2048.0, 2048.25, -1.5, +0.25
Short 3 TF 1193.9, 1193.6, 1193.5, -0.3, +0.7, +1.0
Short 2 TF 1198.4, 1198.1, 1198.3, +1.0, +0.7, +0.7
Long 2 YM 17799, 17803, +14, +7
Long 2 TF 1195.7, 1195.3, +1.4, +0.7
Total ES -1.25
Total YM +21
Total TF +7.4
Trading is full of apprehensions. "It's failing to go any higher..." at the point where it wants to breakout; "Having gone so high, this pullback has to turn soon and get back in trend..." at the juncture where it's about to fail and puke the whole morning back down. But the Trader is a machine. He leaves all the emotion to the Analyst and the Accountant. Their emotions and assumptions are congenital. There's no point in being annoyed with them. They are who they are, and they always want more of the same. But the Trader works on principles and rules. These, he imposes on himself from the outside. They are not inherited or given. They are acknowledged and practiced until habitual. The Trader is self-made. Assign the Trader limits to the temptations of bad trading behavior, and the requirement that he take certain entry models despite--or even because of--overwhelming apprehensions. The Trader is the Rule of Law.
Long 1 TF 1190.1, +1.5
Short 2 ES 2048.0, 2048.25, -1.5, +0.25
Short 3 TF 1193.9, 1193.6, 1193.5, -0.3, +0.7, +1.0
Short 2 TF 1198.4, 1198.1, 1198.3, +1.0, +0.7, +0.7
Long 2 YM 17799, 17803, +14, +7
Long 2 TF 1195.7, 1195.3, +1.4, +0.7
Total ES -1.25
Total YM +21
Total TF +7.4
Trading is full of apprehensions. "It's failing to go any higher..." at the point where it wants to breakout; "Having gone so high, this pullback has to turn soon and get back in trend..." at the juncture where it's about to fail and puke the whole morning back down. But the Trader is a machine. He leaves all the emotion to the Analyst and the Accountant. Their emotions and assumptions are congenital. There's no point in being annoyed with them. They are who they are, and they always want more of the same. But the Trader works on principles and rules. These, he imposes on himself from the outside. They are not inherited or given. They are acknowledged and practiced until habitual. The Trader is self-made. Assign the Trader limits to the temptations of bad trading behavior, and the requirement that he take certain entry models despite--or even because of--overwhelming apprehensions. The Trader is the Rule of Law.
Mon Jan 12 Trades & Journal
20150112
Long 1 TF 1172.4, -1.4
Long 3 TF 1171.3, 1170.3, 1170.8, +0.7, +1.0, -.8
Long 1 YM 17507, -7
Short 1 NQ 4163.5, -3.0
Short 1 TF 1170.6, +0.3
Short 2 TF 1170.3, 1170.4, -0.7, -1.0
Short 2 TF 1172.1, 1172.0, +1.0, +2.0
Short 1 TF 1171.4, -0.7
Short 2 TF 1172.0, 1173.0, +0.2, +2.0
Short 1 TF 1172.2, -0.5
Long 1 TF 1173.5, +0.3
Short 2 YM 17583, 17584, -7, +7
Short 2 TF 1157.6, 1175.4, +0.5, +1.2
Short 1 TF 1177.1, -1.4
Short 2 TF 1179.0, 1179.2, -0.7, +7.0
Short 3 NQ 5143.0, 4183.0, 4183.5, +2.0, +3.0, +7.0
Total YM -7
Total NQ +9.0
Total TF +2.7
After catching up with several profitable trades in the TF, I made a mistake of ignoring the still-climbing momentum and shorted too soon. On the way, up is was quite the opposite where I lacked the patience to stay in long at an inflection trigger as the market continued to climb. Patience is a difficult thing to measure while trading. But not having it at all is too often the source of critical trading errors. Take a breath before entering and before exiting before a target is acquired. Let the current bar flesh itself out... it just might surprise you in its closing moments.
Long 1 TF 1172.4, -1.4
Long 3 TF 1171.3, 1170.3, 1170.8, +0.7, +1.0, -.8
Long 1 YM 17507, -7
Short 1 NQ 4163.5, -3.0
Short 1 TF 1170.6, +0.3
Short 2 TF 1170.3, 1170.4, -0.7, -1.0
Short 2 TF 1172.1, 1172.0, +1.0, +2.0
Short 1 TF 1171.4, -0.7
Short 2 TF 1172.0, 1173.0, +0.2, +2.0
Short 1 TF 1172.2, -0.5
Long 1 TF 1173.5, +0.3
Short 2 YM 17583, 17584, -7, +7
Short 2 TF 1157.6, 1175.4, +0.5, +1.2
Short 1 TF 1177.1, -1.4
Short 2 TF 1179.0, 1179.2, -0.7, +7.0
Short 3 NQ 5143.0, 4183.0, 4183.5, +2.0, +3.0, +7.0
Total YM -7
Total NQ +9.0
Total TF +2.7
After catching up with several profitable trades in the TF, I made a mistake of ignoring the still-climbing momentum and shorted too soon. On the way, up is was quite the opposite where I lacked the patience to stay in long at an inflection trigger as the market continued to climb. Patience is a difficult thing to measure while trading. But not having it at all is too often the source of critical trading errors. Take a breath before entering and before exiting before a target is acquired. Let the current bar flesh itself out... it just might surprise you in its closing moments.
Fri Jan 9 Trades & Journal
20150109
Short 2 TF 1190.0, 1190.9, +2.1, -0.0
Short 1 TF 1189.1, +1.5
Short 1 NQ 4226.25, -3.0
Long 2 NQ 4226.5, 4226.5, +2, +3.0
Short 1 NQ 4235.25, +5.0
Short 1 1188.8, -0.4
Long 1 TF 1189.6, -0.6
Long 1 TF 1188.3, -0.7
Long 2 TF 1186.1, 1185.6, -1.4, -0.7
Long 3 NQ 4210.75, 4210.75, 4210.75, -3.0, -3.0, -3.0
Long 3 TF 1182.8, 1182.8, 1182.8, +0.7, +1.5, +2.0
Total NQ -2.0
Total TF +4.4
Today fell prey to an old nemesis, the apparent character of the action. What it seems to be doing is often just a disguise to what it will eventually do. As Heraclitus reminds us down through the ages, "Nature loves to hide". If fact, it might be said of Mother Nature that its one of her most endearing qualities....except when you've been successfully deceived by it time and time and time again. So it was today as I reached for a pullback that was no pullback at all, but actually the budding trend ready to collapse. Later trades made up for it, but I need to recall those moments when I thought I knew what the market was trying to do under that very specific type of market action, and use that as an alarm bell to trigger a reminder of Corollary #2. "....most of the money that is lost in the markets is lost by traders who thought they knew which way the market was trying to go."
Short 2 TF 1190.0, 1190.9, +2.1, -0.0
Short 1 TF 1189.1, +1.5
Short 1 NQ 4226.25, -3.0
Long 2 NQ 4226.5, 4226.5, +2, +3.0
Short 1 NQ 4235.25, +5.0
Short 1 1188.8, -0.4
Long 1 TF 1189.6, -0.6
Long 1 TF 1188.3, -0.7
Long 2 TF 1186.1, 1185.6, -1.4, -0.7
Long 3 NQ 4210.75, 4210.75, 4210.75, -3.0, -3.0, -3.0
Long 3 TF 1182.8, 1182.8, 1182.8, +0.7, +1.5, +2.0
Total NQ -2.0
Total TF +4.4
Today fell prey to an old nemesis, the apparent character of the action. What it seems to be doing is often just a disguise to what it will eventually do. As Heraclitus reminds us down through the ages, "Nature loves to hide". If fact, it might be said of Mother Nature that its one of her most endearing qualities....except when you've been successfully deceived by it time and time and time again. So it was today as I reached for a pullback that was no pullback at all, but actually the budding trend ready to collapse. Later trades made up for it, but I need to recall those moments when I thought I knew what the market was trying to do under that very specific type of market action, and use that as an alarm bell to trigger a reminder of Corollary #2. "....most of the money that is lost in the markets is lost by traders who thought they knew which way the market was trying to go."
Thurs Jan 8 Trades & Journal
20150108
Short 2 ES 2041.75, 2041.75, 2043.25, -0.0, -3.0, -1.5
Short 1 NQ 4203.75, -1.25
Short 2 TF 1183.9, 1183.3, -0.3, -0.0
Short 2 NQ 4204.0. -1.25, -1.25
Long 1 TF 1184.7, -0.7
Long 1 TF 1186.2, +1.3
Short 2 TF 1187.8, 1187.9, -0.8, +0.7
Short 2 YM 17751, 17751, +7, -7
Short 3 TF 1187.5, 1187.9, 1188.3, -0.7, -1.0, -0.7
Short 3 TF 1189.5, 1189.0, 1189.0, +1.0, -0.7, -0.7
Short 3 TF 1188.8, 1189.4, 1188.8, +1.2, +0.7, +0.5
Long 2 TF 1187.2, 1187.0, +1.0, +0.7
Total ES -4.5
Total YM -0.0
Total NQ -3.75
Total TF +1.5
Persistent Trend Days are the most challenging to trade. And an opening gap-n-go leaves the shorts covering quickly to truncate the early pullback buy-opps. On such days I suffer from lack of patience to get something on the books, mentally pushing the market where it doesn't intend to go rather than just observing coolly what it is saying it is. By that time the 1st Chance Texaco model arrived, I was making up for earlier losses, and couldn't wait to book enough profit to breathe at the near break-even point for me on the day. Thus a frustrating day. Stay cool. Consider what's in front of you without jaundiced eye. It is what it is, whatever it is. Be into what it is and not what you want it to be.
Short 2 ES 2041.75, 2041.75, 2043.25, -0.0, -3.0, -1.5
Short 1 NQ 4203.75, -1.25
Short 2 TF 1183.9, 1183.3, -0.3, -0.0
Short 2 NQ 4204.0. -1.25, -1.25
Long 1 TF 1184.7, -0.7
Long 1 TF 1186.2, +1.3
Short 2 TF 1187.8, 1187.9, -0.8, +0.7
Short 2 YM 17751, 17751, +7, -7
Short 3 TF 1187.5, 1187.9, 1188.3, -0.7, -1.0, -0.7
Short 3 TF 1189.5, 1189.0, 1189.0, +1.0, -0.7, -0.7
Short 3 TF 1188.8, 1189.4, 1188.8, +1.2, +0.7, +0.5
Long 2 TF 1187.2, 1187.0, +1.0, +0.7
Total ES -4.5
Total YM -0.0
Total NQ -3.75
Total TF +1.5
Persistent Trend Days are the most challenging to trade. And an opening gap-n-go leaves the shorts covering quickly to truncate the early pullback buy-opps. On such days I suffer from lack of patience to get something on the books, mentally pushing the market where it doesn't intend to go rather than just observing coolly what it is saying it is. By that time the 1st Chance Texaco model arrived, I was making up for earlier losses, and couldn't wait to book enough profit to breathe at the near break-even point for me on the day. Thus a frustrating day. Stay cool. Consider what's in front of you without jaundiced eye. It is what it is, whatever it is. Be into what it is and not what you want it to be.
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