Fri Jul 23 2021 Trade Signals & Journal

20210723

 

Short 5 MNQ 14956.25, 14956.25, 14956.25, 14956.25, 14956.25, -5.25, -5.25, -5.25, -5.25, -5.25,

Short 5 MNQ 14961.25, 14961.25, 14961.25, 14961.25, 14961.25, -5.25, -5.25, -5.25, -5.25, -5.25,

Short 5 MNQ 14969.25, 14969.25, 14969.25, 14969.25, 14969.25, -5.25, -5.25, -5.25, -5.25, -5.25,

Short 5 MNQ 14973.50, 14973.50, 14973.50, 14973.50, 14973.50, -5.25, -5.25, -5.25, -5.25, -5.25,

Short 5 MNQ 14979.50, 14979.50, 14979.50, 14979.50, 14979.50, -5.25, -5.25, -5.25, -5.25, -5.25,

Long 1 RTY 2190.5, -1.5

Long 1 RTY 2186.9, -0.4

Long 1 RTY 2186.1, -1.5

Short 5 MNQ 14991.5, 14991.5, 14991.5, 14991.5, 14991.5, -5.25, -5.25, -5.25, -5.25, -5.25,

Short 5 MNQ 14990.0, 14990.0, 14990.0, 14990.0, 14990.0, +13.0, +13.0, +13.0, +13.0, +13.0, 

Short 5 MNQ 14996.25, 14996.25, 14996.25, 14996.25, 14996. -5.25, -5.25, -5.25, -5.25, -5.25,

Short 5 MNQ 14999.0, 14999.0, 14999.0, 14999.0, 14999.0, -5.25, -5.25, -5.25, -5.25, -5.25,

Short 1 RTY 2193.7, -0,7

Short 1 RTY 2194.8, -1.5

Short 5 MES 4385.25, 4385.25,  4385.25,  4385.25,  4385.25, -2.75, -2.75, -2.75, -2.75, -2.75, 

Short 5 MNQ 15017.25, 15017.25, 15017.25, 15017.25, 15017.25,  -2.0, -2.0, -2.0, -2.0, -2.0, 

Short 5 MNQ 15017.75, 15017.75, 15017.75, 15017.75, 15017.75, -1.75, -1.75, -1.75, -1.75, -1.75,

Short 5 MES 4391.0, 4391.0, 4391.0, 4391.0, 4391.0, -0.75, -0.75, -0.75, -0.75, -0.75, 

Short 1 RTY 2201.2, +9.1

Short 3 NQ 15078.25, 15078.25, 15078.25, +8.25, +11.50, +14.75, 

Long 2 NQ 15060.75, 15060.75, +7.0, +14.25

Short 2 NQ 15080.25, 15080.25, +5.0, +9.25

Long 1 NQ 15064.0, +10.0

Short 3 NQ 15084.75, 15085.0, 15086.25, +5.25, +6.0, -0.75

 

Total MES -17.75

Total MNQ -163.75

Total NQ  +90.5

Total RTY +3.5

 

 

There is an oriental concept called YinYang that describes opposites that fit into each in alternates.  That phenom bears out in several market technical concepts with surprising regularity.  If the first trend direction tends to be false, the 2nd trend direction tends to be true.  If the 1st Frame of the day is choppy and irregular, then 2nd tends to be impulsive and crisp.  Just so then, trade entry opportunities will often appear in strings whose chances of success are very low for one set of signals, and then later the alternate string will appear with such confluence that larger size positions within a trade plan are invited.   

 

Just so did the trade opportunities appear today.   After a brutal set of entries produced nothing but stop-outs, a pause in my own initiatives allowed the market to move from one phase to another.    And still present in front of the screen as the Noon Hour time marker approached, I was able to witness a set of trade signals with such broadly disparate technical confluence as to allow me to switch from trading the Nasdaq micro's to trading the Nasdaq E-mini's again, which are 10 times the value.... and the risk.    And the signals, once into this Yang period, also appeared clearly in both directions, making it as inviting to flip from short to long and back again, as the signals appeared.   Thus an ugly losing day was turned nicely into a very profitable day by just being there for the Yang...        

 

For some examples of the various technical elements that were exposed as trade entry elements today, such as the Noon Hour time marker and the Rule of Alternation (YinYang), I refer you to the book, Pivots, Patterns and Intraday Swing Trades, available on line by this author.

Thurs Jul 21 2021 Trade Signals and Journal

20210721

 

Short 5 MNQ 14987.0, 14987.0, 14987.0, 14987.0, 14987.0, -5.25, -5.25, -5.25, -5.25, -5.25, 

Short 5 MNQ 14992.25, 14992.25, 14992.25, 14992.25, 14992.25, +16.25, +16.25, +16.25, +16.25, +16.25, 

Short 5 M2K 2210.+2, 2210.2, 2210.2, 2210.2, 2210.2, +5.4, +5.4, +5.4, +5.4, +5.4, 

Short 5 MNQ 14913.75, 14913.75, 14913.75, 14913.75, 14913.75, -5.25, -5.25, -5.25, -5.25, -5.25, 

Short 5 MNQ 14910.5, 14910.5, 14910.5, 14910.5, 14910.5, -5.25, -5.25, -5.25, -5.25, -5.25, 

Short 5 MNQ  14909.75, 14909.75, 14909.75, 14909.75, 14909.75, -2.0, -2.0, -2.0, -2.0, -2.0, 

Short 5 MNQ 14910.25, 14910.25, 14910.25, 14910.25, 14910.25, -1.75, -1.75, -1.75, -1.75, -1.75, 

Short 5 MNQ 14910.50, 14910.50, 14910.50, 14910.50, 14910.50, +5.50, +5.50, +5.50, +5.50, +5.50, 

 

Total M2K +27.0 

Total MNQ +11.25

Lately, the best trades, and those that exceeded my 1st Frame losses, all appeared in the Midday and Last Hour Frames.  Today was no exception, but in order to execute afternoon trades, you actually have to be in front of the screen when they appear.   Unlike the days of my youth, I am no longer able to sit in front of the screen all day.  My back forbids it, and it calls me out for a long daily walk.   

For a review of the day's main time frames, the time markers, and midday chart patterns that often reveal midday trade signals, refer to the book Pivots, Patterns and Intraday Swing Signals, available online.

Wed Jul 21 2021 Trade Signal Summary

20210721

 

Long 5 MNQ 14721.5, 14721.5, 14721.5, 14721.5, 14721.5, -5.25, -5.25, -5.25, -5.25, -5.25, 

Long 5 MNQ 14714.75, 14714.75, 14714.75, 14714.75, 14714.75, -0.25, -0.25, -0.25, -0.25, -0.25, 

Short 1 RTY 2120.9, -1.5

Short 1 RTY 2223.8 -1.5

Short 5 MNQ 14752.0, 14752.0, 14752.0, 14752.0, 14752.0, -5.25, -5.25, -5.25, -5.25, -5.25, 

Short  5 MNQ 14755.75, 14755.75, 14755.75, 14755.75, 14755.75, +19.75, +19.75, +19.75, +19.75, +19.75, 

Short 5 MNQ 14766.25, 14766.25, 14766.25, 14766.25, 14766.25, +10.25, +10.25, +10.25, +10.25, +10.25, 

Short 1 NQ 14805.0,  +7.25

 

Total MNQ +45.0

Total NQ +7.25

Total RTY -3.0

 

Tues Jul 20 2021 Trade Signals & Journal

20210720

 

Long 5 MNQ 14532.75, 14532.75, 14532.75, 14532.75, 14532.75, -5.25, -5.25, -5.25, -5.25, -5.25, 

Long 5 MNQ 14527.5, 14527.5, 14527.5, 14527.5, 14527.5, -5.25, -5.25, -5.25, -5.25, -5.25, 

Long 5 MNQ 14524.5, 14524.5, 14524.5, 14524.5, 14524.5, -5.25, -5.25, -5.25, -5.25, -5.25, 

Short 5 M2K 2139.7, 2139.7, 2139.7, 2139.7, 2139.7, -1.5, -1.5, -1.5, -1.5, -1.5, 

Short 5 MNQ 14556.25, 14556.25, 14556.25, 14556.25, 14556.25, -5.25, -5.25, -5.25, -5.25, -5.25, 

Short 5 M2K 2141.5, 2141.5, 2141.5, 2141.5, 2141.5, -0.8, -0.8, -0.8, -0.8, -0.8, 

Short 5 MNQ 14567.25, 14567.25, 14567.25, 14567.25, 14567.25, -5.25, -5.25, -5.25, -5.25, -5.25, 

Short 5 MNQ 14571.5, 14571.5, 14571.5, 14571.5, 14571.5, -5.25, -5.25, -5.25, -5.25, -5.25, 

Short 1 YM 34201, -7

Short 1 RTY 2149.9, -1.5

Short 1 YM 34234, -12

Short 1 RTY 2157.9, -1.5

Short 1 RTY 2159.0, -1.5

Short 1 RTY 2160.4, -0.7

Short 1 RTY 2161.4, -1.5

Short 15 MNQ 14717.75, 14717.75, 14717.75, 14717.75, 14717.75, 14715.5, 14715.5, 14715.5, 14715.5, 14715.5, 14713.0, 14713.0, 14713.0, 14713.0, 14713.0, +10.75, +10.75, +10.75, +10.75, +10.75, +10.25, +10.25, +10.25, +10.25, +10.25, +9.0, +9.0, +9.0, +9.0, +9.0,

Short 15 MNQ 14714.75, 14714.75, 14714.75, 14714.75, 14714.75, 14711.0, 14711.0, 14711.0, 14711.0, 14711.0, 14709.5, 14709.5, 14709.5, 14709.5, 14709.5, +7.75, +7.75, +7.75, +7.75, +7.75, +7.0, +7.0, +7.0, +7.0, +7.0, +5.0, +5.0, +5.0, +5.0, +5.0, 

Short 10 MNQ 14739.25, 14739.25, 14739.25, 14739.25, 14739.25, +22.25, +22.25, +22.25, +22.25, +22.25, +22.25, +22.25, +22.25, +22.25, +22.25, 

Short 15 MNQ  14765.75, 14765.75, 14765.75, 14765.75, 14765.75, 14765.75, 14765.75, 14765.75, 14765.75, 14765.75, +10.0, +10.0, +10.0, +10.0, +10.0, +10.0, +10.0, +10.0, +10.0, +10.0, +15.25, +15.25, +15.25, +15.25, +15.25, 

 

Total M2K -11.5 

Total MNQ  +490.0

Total YM -19    

Total RTY -6.7  

 

A modest profit goal of +$500 for 1st Frame session trading belies two things in extreme volatility.  First, it hardly measures the potential such volatility can deliver if position signals can be entered successfully, and secondly, it may encapsulate a far too small stop-loss allotment to survive entry volatility whips these same days tend to demonstrate.  

 

My 1st Frame entries were so overwhelmed by normal exhaustion and grid level readings that I was down some $800 before I could push myself away from the screen.    But that made the 2nd Frame of the day, normally a kind of doldrums of volatility about the right temperature to use normal 1st Frame techniques.   And a beautiful set of Serial Sequent fractal algorithms, known as the 3rd Substitute Sequent, appeared perfectly in confluence with the Last Hour Transition Time Marker, which put the icing on the cake of an excellent entry opportunity.    

 

That created an equity swing for the day from -$800 to +$450.  This is not the strategy that should be employed to arrive at a day's profit goal.  I violated my maximum loss of -500 even to return to trading.  But in this environment, shifting to the lower volatility Midday and Last Hour frames might be necessary for survival, and I probably should have simply sat out the 1st Frame today altogether....

 

Mon Jul 19 2021 Trade Signal Summary

20210719

 

Short 1 RTY 2121.6, 0.2

Short 1 RTY 2123.2, -1.5

Short 5 MNQ  14501.5, 14501.5, 14501.5, 14501.5, 14501.5, -5.25, -5.25, -5.25, -5.25, -5.25, 

Short 5 MNQ 14502.0, 14502.0, 14502.0, 14502.0, 14502.0, -5.25, -5.25, -5.25, -5.25, -5.25, 

Short 1 RTY 2132.5, -1.5

 

Total MNQ -52.5

Total RTY -3.2

Fri Jul 16 2021 Trade Signals & Journal

20210716

Short 5 MNQ 14826.75, 14826.75, 14826.75, 14826.75, 14826.75, -1.25, -1.25, -1.25, -1.25, -1.25, 

Short 5 MNQ 14801.75, 14801.75, 14801.75, 14801.75, 14801.75, -5.25, -5.25, -5.25, -5.25, -5.25, 

Long MNQ  14754.25, 14754.25, 14754.25, 14754.25, 14754.25, -5.25, -5.25, -5.25, -5.25, -5.25, 

Long 1 RTY 2183.1, -1.5

Long 1 RTY 2182.2, -1.5

Long 5 MES 4341.5, 4341.5, 4341.5, 4341.5, 4341.5, -2.75, -2.75,-2.75,-2.75,-2.75,

Long 1 RTY 2180.2, -1.5

Short 5 MNQ 14782.75, 14782.75, 14782.75, 14782.75, 14782.75, +20.5, +20.5, +20.5, +20.5, +20.5,

Long 5 MNQ 14741.25, 14741.25, 14741.25, 14741.25, 14741.25, -5.25, -5.25, -5.25, -5.25, -5.25,

Long 5 MNQ 14734.75, 14734.75, 14734.75, 14734.75, 14734.75, -3.25, -3.25, -3.25, -3.25, -3.25, 

Long 5 MNQ  14727.25, 14727.25, 14727.25, 14727.25, 14727.25, -4.25, -4.25,-4.25,-4.25,-4.25,

Long 5 MNQ 14722.25, 14720.25, 14720.25, 14720.25, 14720.25, -5.25, -5.25, -5.25, -5.25, 

Long 5 MNQ  14718.75, 14718.75, 14718.75, 14718.75, 14718.75, -5.25, -5.25, -5.25, -5.25, 

Long 5 MNQ 14700.25, 14700.25, 14700.25, 14700.25, 14700.25, +36.5, +36.5, +36.5, +36.5, +36.5, 

Total MES -13.75   

Total MNQ +78.75

Total RTY -4.5   

The ValhallaFutures Rule of Alnternation (not to be confused with an Elliott Wave rule of the same name) says that big waves follow small waves in the trend, and vice-a-versa.  So if part of your Trade Entry Concept is a momentum signal that has still not climaxed, but finally does so in a trend where small waves characterized the early part of the trend, you find your self trying to fade the arrival of the anticipated momentum signals in the midst of the trend's big waves--and in this environment, big wave are REALLY big, and can swallow up the size of your maximum affordable stop-loss risks like a 80's PacMan game.   

Today was just such a day.   And if I still hadn't been in front of the screen posting my trades as the Noon Hour approached, I would have missed the seldom-seen but highly consistent signal from our Fractal Algorithm, Serial Sequent, we call the 2nd Half Sequent, which gratefully cut my losses in half to at least more tolerable level.  

Have a set of Trade Entry Rules and a set of Money Management Rules to accompany all the technical rules necessary to have a methodology in the first place.   This is your Trading Plan.   Stick to your Trading Plan and limit your losses on losing days to about the same dollar figure you use as a daily profit target, and you'll at least survive from day to day and week to week, even when the volatility and trend extension is overwhelming.    

Thur Jul 15 2021 Trade Signals & Journal

20210715

 

Short 1 RTY 2180.8, -1.5

Short 1 RTY  2183.2, -1.5

Short 1 RTY 2184.1, -1.5

Short 1 RTY 2186.2, -1.5

Short 1 RTY 2187.1, -1.5

Short 5 MNQ  14857.75, 14857.75, 14857.75, 14857.75, 14857.75, -5.25, -5.25, -5.25, -5.25, -5.25,

Short 5 MNQ 14862.25, 14862.25, 14862.25, 14862.25, 14862.25, -5.25, -5.25, -5.25, -5.25, -5.25,

Short 10 MNQ 14867.50, 14867.50, 14867.50, 14867.50, 14867.50, 14869.0, 14869.0, 14869.0, 14869.0, 14869.0, +12.0, +12.0, +12.0, +12.0, +12.0, +22.25, +22.25, +22.25, +22.25, +22.25, 

Short 2 RTY 2198.2, 2198.7, -1.5, -1.5

Short 1 RTY 2100.1, +4.4

Long 1 RTY 2186.2, -1.5 

Long 1 RTY 2183.9, -0.2

Long 5 MNQ 14823.25, 14823.25, 14823.25, 14823.25, 14823.25, -5.25, -5.25, -5.25, -5.25, -5.25, 

Long 5 MNQ 14810.25, 14810.25, 14810.25, 14810.25, 14810.25, -5.25, -5.25, -5.25, -5.25, -5.25, 

Long 1 RTY 2179.0, +6.9

Long 5 MNQ 14757.25, 14757.25, 14757.25, 14757.25, 14757.25, +32.5, +32.5, +32.5, +32.5, +32.5, 

 

Total MNQ +228.75

Total RTY -5.3

 

Being down 5 bills in order to end up +2 bills is not the route you want to take getting to a positive day.   For the last weeks, it's been treading some very bifurcated waters, only to end up with a draw on most days.   But it is what it is.   These are easily the most volatile markets I've ever traded, and I've been doing this for years.   Perhaps I'll get better at it...  or this old dog is out of tricks to learn...     

Wed Jul 14 2021 Trade Signal Summary

20210714

 

Short 5 MNQ 14960.25, 14960.25, 14960.25, 14960.25, 14960.25, +20.5, +20.5, +20.5, +20.5, +20.5, 

Long 1 RTY  2242.1, -1.5

Long 1 RTY 2241.0, -1.5

Long 1 RTY 2239.2, -1.5

Short 5 MNQ 14955.5, 14955.5, 14955.5, 14955.5, 14955.5, -5.25, -5.25, -5.25, -5.25, -5.25, 

Short 5 MNQ 14959.25, 14959.25, 14959.25, 14959.25, 14959.25, +1.5, +1.5, +1.5, +1.5, +1.5, 

Long 5 MNQ 14965.25, 14965.25, 14965.25, 14965.25, 14965.25, -5.25, -5.25, -5.25, -5.25, -5.25, 

Long 5 MNQ 14960.5, 14960.5, 14960.5, 14960.5, 14960.5, -1.75, -1.75, -1.75, -1.75, -1.75, 

Short 5 MNQ 14956.25, 14956.25, 14956.25, 14956.25, 14956.25, -2.0, -2.0, -2.0, -2.0, -2.0, 

Short 10 MNQ 14919.75, 14919.75, 14919.75, 14919.75, 14919.75, +7.25, +7.25, +7.25, +7.25, +7.25, -2.5, -2.5, -2.5, -2.5, -2.5, 

Short 5 MNQ 14927.25, 14927.25, 14927.25, 14927.25, 14927.25, +6.5, +6.5, +6.5, +6.5, +6.5, 

Short 5 MNQ 14941.5, 14941.5, 14941.5, 14941.5, 14941.5, +9.25, +9.25, +9.25, +9.25, +9.25, 

 

Total MNQ +115.25

Total RTY  -4.5

Tues Jul 13 2021 Trade Signal Summary

20210713

Short 1 RTY 2265.1, +4.2

Short 5 MNQ 14910.25, 14910.25, 14910.25, 14910.25, 14910.25, -5.25, -5.25, -5.25, -5.25, -5.25, 

Short 5 MNQ 14915.5, 14915.5, 14915.5, 14915.5, 14915.5, -5.25, -5.25, -5.25, -5.25, -5.25, 

Long 1 RTY 2252.0, -1.7

Long 5 MNQ 14916.25, 14916.25, 14916.25, 14916.25, 14916.25, +13.0, +13.0, +13.0, +13.0, +13.0, 

Short 5 MNQ 14944.5, 14944.5, 14944.5, 14944.5, 14944.5, -2.5, -2.5, -2.5, -2.5, -2.5, 

Short 5 MNQ 14957.25, 14957.25, 14957.25, 14957.25, 14957.25, -5.25, -5.25, -5.25, -5.25, -5.25, 

Short 5 MNQ 14961.5, 14961.5, 14961.5, 14961.5, 14961.5, -5.25, -5.25, -5.25, -5.25, -5.25, 

 

Total MNQ -52.5

Total RTY +2.5

Mon Jul 12 2021 Trade Signal Summary

20210712

 

Long 5 MNQ 14819.5, 14819.5, 14819.5, 14819.5, 14819.5, +10.25, +10.25, +10.25, +10.25, +10.25, 

Short 1 RTY 2265.7, +2.5

 

Total MNQ +51.25

Total RTY +2.5

Fri Jul 9 Trade Signals & Journal

20210709

 

Short 5 MES 4331.25, 4331.25, 4331.25, 4331.25, 4331.25, +0.25, +0.25, +0.25, +0.25, +0.25, 

Short 5 MNQ 14693.25, 14693.25, 14693.25, 14693.25, 14693.25, -1.0, -1.0, -1.0, -1.0, -1.0, 

Short 5 MNQ 14714.25, 14714.25, 14714.25, 14714.25, 14714.25, -5.25, -5.25, -5.25, -5.25, -5.25, 

Short 5 MNQ 14723.25, 14723.25, 14723.25, 14723.25, 14723.25, +16.25, +16.25, +16.25, +16.25, +16.25, 

Short 5 M2K 2254.8, 2254.8, 2254.8, 2254.8, 2254.8, -1.5, -1.5, -1.5, -1.5, -1.5,

Short 1 YM 34637, -10

Short 5 MES 4342.25, 4342.25, 4342.25, 4342.25, 4342.25, -3.5, -3.5, -3.5, -3.5, -3.5, 

Short 1 YM  34719, +25

Short 5 MES 4348.5, 4348.5, 4348.5, 4348.5, 4348.5, -0.5, -0.5, -0.5, -0.5, -0.5, 

Short 5 M2K 2268.9, 2268.9, 2268.9, 2268.9, 2268.9, +3.7, +3.7, +3.7, +3.7, +3.7, 

Short 5 MNQ 14776.0, 14776.0, 14776.0, 14776.0, 14776.0, -5.25, -5.25, -5.25, -5.25, -5.25, 

Short 5 MNQ 14779.0, 14779.0, 14779.0, 14779.0, 14779.0, -7.25, -7.25, -7.25, -7.25, -7.25, 

Short 5 MNQ 14782.5, 14782.5, 14782.5, 14782.5, 14782.5, -5.25, -5.25, -5.25, -5.25, -5.25, 

Short 5 MNQ 14785.0, 14785.0, 14785.0, 14785.0, 14785.0, -2.0, -2.0, -2.0, -2.0, -2.0, 

Short 5 MNQ 14785.75, 14785.75, 14785.75, 14785.75, 14785.75, -2.0, -2.0, -2.0, -2.0, -2.0, 

Short 5 MNQ 14796.0, 14796.0, 14796.0, 14796.0, 14796.0, -5.25, -5.25, -5.25, -5.25, -5.25, 

Short 5 MNQ 14799.0, 14799.0, 14799.0, 14799.0, 14799.0, -2.5, -2.5, -2.5, -2.5, -2.5, 

Short 5 MNQ 14860.5, 14860.5, 14860.5, 14860.5, 14860.5, -1.5, -1.5, -1.5, -1.5, -1.5, 

Short 5 MNQ 14808.5, 14808.5, 14808.5, 14808.5, 14808.5, +6.5, +6.5, +6.5, +6.5, +6.5, 

Short 10 MES 4355.0, 4355.0, 4355.0, 4355.0, 4355.0, 4357.0, 4357.0, 4357.0, 4357.0, 4357.0,+1.5, +1.5, +1.5, +1.5, +1.5, +5.0, +5.0, +5.0, +5.0, +5.0, 

Short 1 RTY 2268.9, -0.4

Short 5 MNQ 14813.75, 14813.75, 14813.75, 14813.75, 14813.75, -3.0, -3.0, -3.0, -3.0, -3.0, 

 

Total MES +13.75

Total M2K +6.5

Total MNQ -87.5

Total YM +15

Total RTY -0.4

 

Another week treading water, as losses wash out gains trying to find swings.   Persistent grind and 'irrational exuberance' followed by cliff drop liquidations do not make for good intraday swing signals.    ...too many stop-outs.   But we'll stay with it, as no market condition ever persists for long.    In the meantime, this one has its challenges indeed.

Thur Jul 8 Trade Signal Summary

20210708

Long 1 RTY 2200.75, -1.5

Short 5 MNQ 14624.25, 14624.25, 14624.25, 14624.25, 14624.25, -5.25, -5.25, -5.25, -5.25, -5.25, 

Short 5 MNQ 14628.25, 14628.25, 14628.25, 14628.25, 14628.25, -5.25, -5.25, -5.25, -5.25, -5.25, 

Short 5 MNQ 14629.75, 14629.75, 14629.75, 14629.75, 14629.75, -5.25, -5.25, -5.25, -5.25, -5.25, 

Short 5 MNQ 14637.50, 14637.50, 14637.50, 14637.50, 14637.50, +16.5, +16.5, +16.5, +16.5, +16.5, 

Short 1 RTY 2215.7, +4.4

Long 1 YM 34039, +59

Total MNQ +3.75

Total YM +59

Total RTY +2.9

Wed Jul 7 Trade Signal Summary

20210707

 

Short 5 MNQ 14837.0, 14837.0, 14837.0, 14837.0, 14837.0, -2.0, -2.0, -2.0, -2.0, -2.0, 

Short 5 MNQ 14847.75, 14847.75, 14847.75, 14847.75, 14847.75, +15.0, +15.0, +15.0, +15.0, +15.0, 

Long 1 RTY 2255.3 -1.5

Long 1 RTY 2248.9, -0.5

Long 1 RTY 2247.8, -1.5

Long 1 RTY 2243.0, -1.5

Long 1 RTY 2242.7, -0.1

Long 1 RTY 2240.7, -0.8

Long 1 RTY 2235.5, -0.4

Long 1 RTY 2235.4, -0.4

Long 1 RTY 2230.7, +5.5

Long 5 MNQ 14731.25, 14731.25, 14731.25, 14731.25, 14731.25, +27.25, +27.25, +27.25, +27.25, +27.25, 

 

Total MNQ +201.25

Total RTY -1.2

Tue Jul 6 Trade Signal Summary

20210706

 

Short 5 MNQ 14756.75, 14756.75, 14756.75, 14756.75, 14756.75, -2.25, -2.25, -2.25, -2.25, -2.25, 

Long 1 RTY 2276.6, -1.5

Long 1 RTY 2274.3, -0.1

Long 1 RTY 2274.2, -1.5

Long 1 YM 34488, -9

Short 5 MNQ 14768.75, 14768.75, 14768.75, 14768.75, 14768.75, -5.25, -5.25, -5.25, -5.25, -5.25, 

Long 1 YM 34476, -9

Short 5 MNQ 14782.75, 14782.75, 14782.75, 14782.75, 14782.75, -1.75, -1.75, -1.75, -1.75, -1.75,  

Short 5 MNQ 14787.75, 14787.75, 14787.75, 14787.75, 14787.75, +27.0, +27.0, +27.0, +27.0, +27.0,  

Long 1 RTY 2262.7, -1.5

Long 1 YM 34367, +50

 

Total MNQ +62.5

Total YM +32

Total RTY -4.6

 

Mon Jul 5 Bank Holiday

Fri Jul 2 2021 Trade Signals and Journal

20210702

 

Long 5 MNQ 14644.5, 14644.5, 14644.5, 14644.5, 14644.5, +11.25, +11.25, +11.25, +11.25, +11.25, 

Long 5 M2K 2311.7, 2311.7, 2311.7, 2311.7, 2311.7, -1.5, -1.5, -1.5, -1.5, -1.5, 

Short 5 MNQ 14643.5, 14643.5, 14643.5, 14643.5, 14643.5, +10.25, +10.25, +10.25, +10.25, +10.25, 

 

Total M2K -7.5

Total MNQ +107.5

 

Another day playing it close to the vest, but can at least say all week was profitable.  Want to wish a great July 4th and celebration for this great nation, despite what the horrible deterioration on the political and policy front.   We're still the greatest nation on earth because we have the Constitution behind us....      all the best...  

Thur Jul 1 2021 Trade Signals and Journal

20210701

 

Long 5 MNQ 14547.0, 14547.0, 14547.0, 14547.0, 14547.0, 14547.0, -5.25, -5.25, -5.25, -5.25, -5.25, 

Long 5 MNQ 14545.75, 14545.75, 14545.75, 14545.75, 14545.75,+24.0, +24.0, +24.0, +24.0, +24.0, 

Long 5 MNQ 14537.0, 14537.0, 14537.0, 14537.0, 14537.0, -5.25, -5.25, -5.25, -5.25, -5.25, 

Long 5 MNQ 14533.75, 14533.75, 14533.75, 14533.75, 14533.75, +6.5, +6.5, +6.5, +6.5, +6.5, 

Short 1 RTY 2321.8, -1.5

Short 1 RTY 2324.2, -0.6

Short 1 RTY 2326.2, -0.2

Long 1 RTY 2319.5, -1.5

Long 1 RTY 2318.5, -0.6

Long 1 RTY 2316.3, +4.5

Total MNQ +105.0

Total RTY +0.1

 

We can keep a reasonably tolerable view of all four of the major stock index futures contracts.   The relationship between them often lends important trend and reversal information throughout the 1st frame.   All this is complicated, however, by the inconsistency of the vice-a-versa action, the bifurcation in trend direction between these major market sectors.   

This phenom is especially prevalent at market highs, where a frothy, rolling rotation continues to bubble up in sector alternation.   The odd thing thing is, on challenging days in the action, as was today, precise signals can still show up in at least one of the four index contracts, and often remains consistent in its own world all morning.   

 

But trading is emotional.   There is a strong tendency to keep trying in the contract you are being stopped out of in the mistaken belief that these stop-outs may actually be teaching you something about impending trend with each stop-out along the way.   

 

Instead, it is wiser to hone in on the contract lending consistency to its signalling and drop interest in the one you are being pulled into.   The market is not there as a puzzle for you to figure out.   That is the Analyst talking.   You are the Trader.  Your job is to execute.  

 

For more on the mental minefield that is futures trading, read the short booklet True Self, available on line at Amazon.com.

Wed Jun 30 Trade Signal Summary

20210630

Short 5 MNQ 14556.25, 14556.25, 14556.25, 14556.25, 14556.25, -5.25, -5.25, -5.25, -5.25, -5.25, 

Short 5 MNQ 14560.0, 14560.0, 14560.0, 14560.0, 14560.0, +7.25, +7.25, +7.25, +7.25, +7.25, 

Short 5 MNQ 14560.25, 14560.25, 14560.25, 14560.25, 14560.25, -5.25, -5.25, -5.25, -5.25, -5.25, 

Long 5 MNQ 14537.75, 14537.75, 14537.75, 14537.75, 14537.75, -6.0, -6.0, -6.0, -6.0, -6.0, 

Short 1 RTY 2304.5, +2.1

Long 1 RTY 2298.9, -1.5

Long 1 RTY 2298.5, +4.2

Short 5 MNQ 14564.75, 14564.75, 14564.75, 14564.75, 14564.75, -0.0, -0.0, -0.0, -0.0, -0.0, 

Short 5 MNQ 14565.25, 14565.25, 14565.25, 14565.25, 14565.25, +8.0, +8.0, +8.0, +8.0, +8.0, 

 

Total MNQ -6.25

Total RTY +4.8

Tues June 29 Trade Signals and Journal

20210629

 

Short 1 YM 34334, -6

Short 1 YM 34338, +15

Short 5 MNQ 14521.25, 14521.25, 14521.25, 14521.25, 14521.25, +12.5, +12.5, +12.5, +12.5, +12.5, 

Long 1 RTY 2320.4, +3.9

Long 5 MNQ 14510.25, 14510.25, 14510.25, 14510.25, 14510.25, -0.25, -0.25, -0.25, -0.25, -0.25, 

 

Total MNQ +61.25

Total YM +9

Total RTY +3.9

 

Sometimes, after some losing days, just narrowing your goals can bring you into tighter focus.    After reaching just 50% of goal these past two days, I ducked further trade calls so as to be sure and finish the day ahead.    Eventually, I'll be willing to continue taking risks again until my minimum goal of 5 bills is attained.   But in the meantime, I'm just taking it easy, and quitting while ahead.  

Mon Jun 28 2021 Trade Signal Summary

20210628

 

Short 5 MNQ 14454.75,  14454.75, 14454.75, 14454.75, 14454.75, +12.5, +12.5, +12.5, +12.5, +12.5, 

Short 5 MNQ 144705.0, 144705.0, 144705.0, 144705.0, 144705.0, -5.25, -5.25, -5.25, -5.25, -5.25, 

Long 1 RTY 2362.2, +3.4

 

Total MNQ +36.25

Total RTY +3.4

Fri Jun 25 2021 Trade Signals & Journal

20210625

 

Short 1 RTY 2334.5, -1.5

Short 1 RTY 2335.1, -1.5

Short 1 RTY 2339.2, -1.5

Short 2 RTY 2341.2, 2341.2, +3.2, -1.5

Long 5 MNQ 14327.25, 14327.25, 14327.25, 14327.25, 14327.25, +20.5, +20.5, +20.5, +20.5, +20.5, 

Short 5 MNQ 14371.75, 14371.75, 14371.75, 14371.75, 14371.75, +12.25, +12.25, +12.25, +12.25, +12.25, 

 

Total RTY -2.8

Total MNQ +163.75

"Most of the problems we face in our trading are those that are found in our heads."  ...or so said someone in the foreword of a book on trading.   But knowing that doesn't necessarily make it any easier to overcome.   And one aspect of clawing your way out of a losing period is the importance of putting your errors and the markets that accompanied them well behind you.   If not, then you're likely to skip taking the opportunities as they present themselves in order to avoid more mistakes--and suffer the consequences to your bottom line.    For as important it is to contain the losses of your bad trades is the necessity to take those opportunities that fall within your Trade Plan when they present themselves.   

 

...and a good weekend to all...

Thur Jun 24 2021 Trade Signals Summary

20210624

 

Short 1 RTY 2309.5, -0.1

Short 5 MNQ 14390.25, 14390.25, 14390.25, 14390.25, 14390.25, -5.25, -5.25, -5.25, -5.25, -5.25,

Short 5 MNQ 14392.50, 14392.50, 14392.50, 14392.50, 14392.50, +5.0, +5.0, +5.0, +5.0, +5.0, 

Short 5 MNQ 14392.25, 14392.25, 14392.25, 14392.25, 14392.25, -4.0, -4.0, -4.0, -4.0, -4.0, 

Short 5 MNQ 14404.75, 14404.75, 14404.75, 14404.75, 14404.75, -3.75, -3.75, -3.75, -3.75, -3.75, 

 

Total MNQ -40.0

Total RTY -0.1

 

Wed Jun 23 2021 Trade Signals and Journal

20210623

 

Short 5 M2K 2301.3, 2301.3, 2301.3, 2301.3, 2301.3, -0.6, -0.6, -0.6, -0.6, -0.6, -0.6, 

Long 5 MNQ 14278.5, 14278.5, 14278.5, 14278.5, 14278.5, -5.25, -5.25, -5.25, -5.25, -5.25, 

Long 5 MNQ 14271.25, 14271.25, 14271.25, 14271.25, 14271.25, +29.25, +29.25, +29.25, +29.25, +29.25, 

Short 5 MNQ 14304.25, 14304.25, 14304.25, 14304.25, 14304.25, -5.25, -5.25, -5.25, -5.25, -5.25, 

Short 5 MNQ 14308.0, 14308.0, 14308.0, 14308.0, 14308.0, -2.25, -2.25, -2.25, -2.25, -2.25, 

Short 5 M2K 2306.3, 2306.3, 2306.3, 2306.3, 2306.3, -0.8, -0.8, -0.8, -0.8, -0.8, 

Short 10 MNQ 14276.75, 14276.75, 14276.75, 14276.75, 14276.75, 14274.5, 14274.5, 14274.5, 14274.5, 14274.5, -0.25, -0.25, -0.25, -0.25, -0.25, -5.25, -5.25, -5.25, -5.25, -5.25, 

 

Total M2K -7.0

Total MNQ +56.25

A tiny victory in SIM mode following 2 losing days allows me out of the penalty box, but not with much enthusiasm.  One potentially profitable trade in the RTY was missed on slow reactions.   You can't be afraid of making mistakes in the fast moving futures markets.  Trades wait for no one. 

Tues Jun 22 2021 Trade Signals and Journal

20210622

Short 1 RTY 2269.7, -1.5

Short 1 RTY 2271.0, +4.0

Long 5 MNQ 14130.25, 14130.25, 14130.25, 14130.25, 14130.25,+15.25, +15.25, +15.25, +15.25, +15.25, 

Short 1 RTY  2266.3, -0.7

Short 1 RTY  2268.2, -0.1

Short 5 MNQ 14174.75, 14174.75, 14174.75, 14174.75, 14174.75, -5.25, -5.25, -5.25, -5.25, -5.25, 

Short 2 YM 33789, 33788, -11, -11

Short 10 MNQ 14192.5, 14192.5, 14192.5, 14192.5, 14192.5, 14193.75 14193.75 14193.75 14193.75 14193.75, -5.25, -5.25, -5.25, -5.25, -5.25, -5.25, -5.25, -5.25, -5.25, -5.25,

Short 10 MNQ 14198.0, 14198.0, 14198.0, 14198.0, 14198.0, 14197.5, -5.25, -5.25, -5.25, -5.25, -5.25, -5.25, -5.25, -5.25, -5.25, -5.25, 

Short 2 YM 33829, 33829, -9, -9

Short 2 RTY  2272.2, 2272.2, -1.5, -1.5

Short 1 RTY 2278.1, -1.5

 

Total MNQ -55.00

Total YM -40

Total RTY -2.8 

 

Two losing days in a row for my trading.   That puts me into the penalty box for tomorrow, and so I must trade in Simulator mode.   Most likely following this tremendous buying spike across the board, tomorrow will be a day of consolidation and 1st Frame swings, instead of vertical impulse action.  

 

Vertical markets are usually the most challenging.  ...especially those that start off dull, and therefore give you little if any indication that breakouts will be something better than stop-outs.   ...and short covering rallies  have a special flavor all their own.   Their are few if any pullbacks, and the breakouts that do work tend to come at the end, when the market is already viewed as overheated by most momentum studies, and therefore deemed too late to participate.   

Keep a tight handle on losses, and the days of swings and measured moves will return for intraday trading.

 

Mon Jun 21 2021 Trade

20210621

 

Short 1 YM 33431, -7

Short 1 YM 33449, -1

Short 1 RTY 2249.5, -1.5

Short 1 YM  33474, -7

Short 1 YM 33512, -3

Short 5 MNQ 14015.5, 14015.5, 14015.5, 14015.5, 14015.5, -5.25, -5.25, -5.25, -5.25, -5.25,

Short 5 MNQ 14020.25, 14020.25, 14020.25, 14020.25, 14020.25,  -5.25, -5.25, -5.25, -5.25, -5.25,

Short 5 MNQ 14037.24, 14037.24, 14037.24, 14037.24, 14037.24, -5.25, -5.25, -5.25, -5.25, -5.25,

Short 15 MNQ 14049.75, 14049.75, 14049.75, 14049.75, 14049.75, 14051.25, 14051.25, 14051.25, 14051.25, 14051.25, 14050.50, 14050.50, 14050.50, 14050.50, 14050.50, -3.75, -3.75, -3.75, -3.75, -3.75, -1.5, -1.5, -1.5, -1.5, -1.5, -2.5, -2.5, -2.5, -2.5, -2.5,

Short 1 YM 33518, -2

Short 2 RTY 2256.0, 2256.0,  -1.5, -1.5

Short 1 YM 33590, -7

Short 5 MNQ 14063.75, 14063.75, 14063.75, 14063.75, 14063.75, -2.25, -2.25, -2.25, -2.25, -2.25, 

Short 2 YM  33664, 33664, -4, -4, 

Total MNQ  -128.75

Total YM -35

Total RTY-4.5

Fri Jun 18 2021 No trades, away from mkt.

Thur Jun 17 2021 Trade Summary & Journal

20210617

 

Short 5 MNQ 14010.0, 14010.0, 14010.0, 14010.0, 14010.0, -5.25, -5.25, -5.25, -5.25, -5.25, 

Short 5 MNQ 14013.75, 14013.75, 14013.75, 14013.75, 14013.75, -5.25, -5.25, -5.25, -5.25, -5.25,

Short 5 MNQ 14015.5, 14015.5, 14015.5, 14015.5, 14015.5, +27.75, +27.75, +27.75, +27.75, +27.75, 

Short 5 MNQ 14018.5, 14018.5, 14018.5, 14018.5, 14018.5, -5.25, -5.25, -5.25, -5.25, -5.25, 

Short 5 MNQ 14020.5, 14020.5, 14020.5, 14020.5, 14020.5, -5.25, -5.25, -5.25, -5.25, -5.25, 

Short 5 MNQ 14045.25,  14045.25, 14045.25, 14045.25, 14045.25, +34.0, +34.0, +34.0, +34.0, +34.0, 

Long 1 RTY 2293.1, +3.8

Short 5 MNQ 14094.25, 14094.25, 14094.25, 14094.25, 14094.25, -5.25, -5.25, -5.25, -5.25, -5.25, 

Short 5 MNQ 14114.75, 14114.75, 14114.75, 14114.75, 14114.75, -3.75, -3.75, -3.75, -3.75, -3.75, 

Short 5 MNQ 14126.26, 14126.26, 14126.26, 14126.26, 14126.26, +23.0, +23.0, +23.0, +23.0, +23.0, 

 

Total MNQ  +273.75

Total RTY +3.7

The action of the Nasdaq can draw you in like moths to a flame, and although I did well with using 5-lot micro's today, I would have actually profited more by trading the far less volatile Russell 2k using its E-mini contract.   However, with the NQ volatilty you do get the added benefit of peak momentum signals, and full grid level exhaustion trips.   In the RTY, on those appraised entry reversals, price continually came up shy of both our TTI Momentum and Pivot-Exhaustion Grid signals to fulfill full Technical Event Entry Concepts.   In other words, GoldieLocks would not have been happy with bending her rules as to her just-right temperature gauge.  

Wed Jun 15 2021 Trade Signals and Journal

20210616

 

Short 5 MNQ 14054.0,  14054.0, 14054.0, 14054.0, 14054.0, -1.75, -1.75, -1.75, -1.75, -1.75, 

Short 5 MNQ 14067.25, 14067.25, 14067.25, 14067.25, 14067.25, -6.0, -6.0, -6.0, -6.0, -6.0, 

Short 5 MNQ 14077.25,  14077.25, 14077.25, 14077.25, 14077.25, -2.75, -2.75, -2.75, -2.75, -2.75, 

Short 5 MNQ 14083.25, 14083.25, 14083.25, 14083.25, 14083.25, -3.75, -3.75, -3.75, -3.75, -3.75, 

Long 5 MNQ 14064.75, 14064.75, 14064.75, 14064.75, 14064.75, -5.25, -5.25, -5.25, -5.25, -5.25, 

Long 5 MNQ 14057.5, 14057.5, 14057.5, 14057.5, 14057.5, -2.25, -2.25, -2.25, -2.25, -2.25, -2.25, 

Long 5 MNQ 14047.25, 14047.25, 14047.25, 14047.25, 14047.25, -3.25, -3.25, -3.25, -3.25, -3.25, 

 

Total MNQ -125.0 

 

You could find no better example of index bifurcation than in today's NQ and Russell 2k action.   Since we trip over medical terms like that, we just call it vice-a-versa,  or just versus play, for short.   Just study the smallest time frames in the NQ and RTY contracts for the 1st Frame of the day, and you'll quickly see what is meant.   For nearly every upward reaction in the NQ, there was a corresponding reaction downward for the RTY, and then that game became prominent again, but in the opposite direction as reversals in both contracts took hold as the noon hour approached.   

 

And yet, at other times, they were in complete sync....all while the big cap ES and YM mostly just sat there to tread water--until they didn't.  

 

You can always lend the excuse that it was FOMC day, and though even though scheduled for the Midday Frame, 1st Frame action is still under affect.   

 

I shall make no such excuse for my own trading today, as two prominent winning trades were fumbled at the keyboard, one each in RTY and NQ, that would have at least kept me treading water  better until the end of the 1st Frame.   

 

Limit your losses on challenging days.   Tomorrow is just around the corner. 

Tues Jun 15 2021 Trade Signal Summary

202106015

 

Short 5 MNQ 14085.75,  14085.75, 14085.75, 14085.75, 14085.75,  -5.75, -5.75, -5.75, -5.75, -5.75, 

Long 1 YM 34178, -11

Short 5 MNQ 14113.5, 14113.5, 14113.5, 14113.5, 14113.5, -2.0, -2.0, -2.0, -2.0, -2.0, 

Short 5 MNQ  14119.75, 14119.75, 14119.75, 14119.75, 14119.75,+39.25, +39.25, +39.25, +39.25, +39.25, 

Long 5 MNQ 14059.25, 14059.25, 14059.25, 14059.25, 14059.25, +6.0, +6.0, +6.0, +6.0, +6.0, 

Long 1 RTY 2309.5, -1.5

Long 1 RTY 2305.4, -0.7

Long 1 RTY 2304.5, +3.2

 

Total MNQ +187.5

Total YM -11

Total RTY +1.0

 

Mon Jun 14 2021 Trade Signal Summary

290210714

Short 5 MNQ 14016.5, 14016.5, 14016.5, 14016.5, 14016.5, -2.25, -2.25, -2.25, -2.25, -2.25, 

 

Total MNQ -11.25 

 

As per comments regarding Financial Juice, it seems everyone else but me is still getting a streaming voice narration of pending econ news events, and that it must be something with my browser that is now in conflict....   

 

sheesh...  computers...    ya can't live with 'em, and it seems apparently that it looks bad to the neighbors if you're caught repeatedly backing up over one at the end of your driveway in your Audi Allroad...   

Fri Jun 11 2021 Trade Signals & Journal

20210611

 

Long 5 MNQ  13943.75, 13943.75, 13943.75, 13943.75, 13943.75, 13943.75,+20.5, +20.5, +20.5, +20.5, +20.5, +20.5, 

 

Total MNQ +102.5

 

Sometimes just not losing two days in a row is a small victory unto itself.   And just so, as a Trade Plan Behavior Stop demands I begin the third day on the Simulator, if the previous two days were indeed losers.    But otherwise, I'm still smarting from the trades I missed yesterday from failing to shake my 'bull on pullbacks' trend prejudice. 

 

I really missed the Financial Juice website's no-longer-active voice narration today, where it would have been nice to have had streaming headline voice coaching me in my ears a warning that the highly anticipated Michigan Sentiment numbers were to be delayed 45 minutes.  

 

If anyone knows of a substitute talking econ headline news to replace my now silent Financial Juice, please email me at will@valhallafutures.com

 

...and a good weekend to all ....

Thurs June 10 2021 Trade Signals and Journal

20210810

 

Short 5 MNQ 13928.75, 13928.75, 13928.75, 13928.75, 13928.75, -5.25, -5.25, -5.25, -5.25, -5.25, 

Short 5 MNQ 13940.25,  13940.25, 13940.25, 13940.25, 13940.25, -5.25, -5.25, -5.25, -5.25, -5.25, 

Long 5 MNQ 13909.5, 13909.5, 13909.5, 13909.5, 13909.5, -5.25, -5.25, -5.25, -5.25, -5.25, 

Long 1 YM 34598, -11

Long 5 MNQ 13867.5, 13867.5, 13867.5, 13867.5, 13867.5, -5.25, -5.25, -5.25, -5.25, -5.25, 

Long 5 MES 4228.25, 4228.25, 4228.25, 4228.25, 4228.25, -2.75, -2.75, -2.75, -2.75, -2.75, 

Long 1 RTY 2308.1, -1.5

Long 5 MNQ 13849.00, 13849.00, 13849.00, 13849.00, 13849.00, -5.25, -5.25, -5.25, -5.25, -5.25, 

 

Total MES -13.75

Total MNQ -131.25

Total YM -11

Total RTY -1.5

 

To say such days as today fall into the extreme volatility is only to state the obvious.  But more, to capture a pullback within a perceived trend is to be fooled into thinking pullbacks are not in fact new, true trends.  There are no "pullbacks".   There are only long and super over-extending true trends. Therefore, one must learn to identify the middle ground where normal pullbacks might reside as breakout entry triggers on the way into the new over-extended extremes of the second fresh trend.   

 

Try putting that into the Trade Plan of the majority of trading days and your trading account will disappear quickly.   Breakouts are tricky as it is on any day.  But to succeed with breakouts on days like today, you have to learn the skills necessary to shake off the trend prejudice that develops from the pure amazement at the trend your ego has just missed.   "I have to at least get a piece of it", your mind is saying.  "Or how else can I possibly save face?"

 

And just so is the internal opposition towards using these middle areas coming back down into the "false pullback" as triggers for the new, true trend about to unfold with equal but in fact far greater amazement than the trend you just missed.  

 

It would all be rather just amusing if it weren't for the fact that a cold, mechanical treatment of the Inflection Breakouts offered by your pet technical analysis tool, Serial Sequent Fractal Algorithm had not given you the exact places in that foreboding middle ground to trigger breakout entries into the budding new trend.    "Is there any more room on your face for mud?" was the only question left residing for my late morning coffee.

Wed Jun 9 2021 Trade Signal Summary

20210609

Short 5 MNQ 13887.5, 13887.5, 13887.5, 13887.5, 13887.5, +27.25, +27.25, +27.25, +27.25, +27.25,

Short 5 M2K 2345.3,  2345.3, 2345.3, 2345.3, 2345.3, +5.1, +5.1, +5.1, +5.1, +5.1, 

Long 5 MNQ 13858.25, 13858.25, 13858.25, 13858.25, 13858.25, -3.25, -3.25, -3.25, -3.25, -3.25,

Short 5 MNQ 13853.25, 13853.25, 13853.25, 13853.25, 13853.25, -2.0, -2.0, -2.0, -2.0, -2.0,

Short 5 MNQ 13862.75, 13862.75, 13862.75, 13862.75, 13862.75, +19.5, 19.5, 19.5, 19.5, 19.5, 

 

Total M2K +25.5

Total MNQ +207.5

Tues Jun 8 2021 Trade Signals and Journal

20210608 

Short 5 MNQ 13885.75, 13885.75, 13885.75, 13885.75, 13885.75, -5.25, -5.25, -5.25, -5.25, -5.25,

Short 5 MNQ 13889.25, 13889.25, 13889.25, 13889.25, 13889.25, -5.25, -5.25, -5.25, -5.25, -5.25,

Short 5 MNQ 13899.25, 13899.25, 13899.25, 13899.25, 13899.25, -5.25, -5.25, -5.25, -5.25, -5.25,

Short 5 MNQ 13908.25, 13908.25, 13908.25, 13908.25, 13908.25, -5.25, -5.25, -5.25, -5.25, -5.25, 

Long 5 MNQ 13885.75, 13885.75, 13885.75, 13885.75, 13885.75,  -5.5, -5.5, -5.5, -5.5, -5.5,

Long 5 MNQ 13873.75, 13873.75, 13873.75, 13873.75, 13873.75, -5.25, -5.25, -5.25, -5.25, -5.25,

Long 5 MNQ 13865.5, 13865.5, 13865.5, 13865.5, 13865.5, -5.25, -5.25, -5.25, -5.25, -5.25,

Long 5 MNQ 13846.5, 13846.5, 13846.5, 13846.5, 13846.5,  -4.5, -4.5, -4.5, -4.5, -4.5, 

Short 1 RTY  2327.6, -1.7

 

Total MNQ -162.5

Total RTY -1.7

 

Needless to say, some of the most challenging action we've yet faced in what is historically the most volatile market in history.   Have a maximum loss figure for a behavioral stop, just like you have a profit goal for the Frame.   If x number of days of max losses in a row, and/or in a week, pull out of your cash account and go into simulator mode.   There is no shame in curtailing trades when the action override your entry targets and stop-loss ATM's.  No amount of the reappearance of fresh technical entry signals should ever override your behavioral stop-loss limits.    ....Survive to continue trading...  

Mon Jun 7 2021 Trade Signal Summary

20210607

 

Short 1 YM 34793, +40 

 

Total YM +40

Fri Jun 4 2021 Trade Signal Summary

20210604 

 

Short 10 MNQ 13687.75, 13687.75, 13687.75, 13687.75, 13687.75, 13690.5, 13690.5, 13690.5, 13690.5, 13690.5, -5.5, -5.5, -5.5, -5.5, -5.5, -6.25, -6.25, -6.25, -6.25, -6.25, 

Short 5 MNQ 13702.75, 13702.75, 13702.75, 13702.75, 13702.75, -3.75, -3.75, -3.75, -3.75, -3.75, 

Short 5 MNQ 13713.25, 13713.25, 13713.25, 13713.25, 13713.25, -5.25, -5.25, -5.25, -5.25, -5.25, 

Short 5 MNQ 13719.75, 13719.75, 13719.75, 13719.75, 13719.75, -5.0, -5.0, -5.0, -5.0, -5.0, 

Short 5 MNQ 13735.5, 13735.5, 13735.5, 13735.5, 13735.5, -5.25, -5.25, -5.25, -5.25, -5.25, 

Short 10 MNQ 13742.75, 13742.75, 13742.75, 13742.75, 13742.75, 13744.5, 13744.5, 13744.5, 13744.5, 13744.5, -5.25, -5.25, -5.25, -5.25, -5.25, -2.75, -2.75, -2.75, -2.75, -2.75, 

Long 1 RTY 2275.6, +5.6 

 

Total MNQ -195.0 

Total RTY+5.6

Thurs Jun 3 2021 Trade Signals & Journal

20210603

 

Short 5 MNQ 13545.0, 13545.0, 13545.0, 13545.0, 13545.0, -2.0, -2.0, -2.0, -2.0, -2.0, 

Long 5 MNQ 4168.5, 4168.5, 4168.5, 4168.5, 4168.5, -0.5, -0.5, -0.5, -0.5, -0.5, 

Long 5 MNQ 13483.75, 13483.75, 13483.75, 13483.75, 13483.75,  -5.25, -5.25, -5.25, -5.25, -5.25,

Long 5 MNQ 13470.25, 13470.25, 13470.25, 13470.25, 13470.25, -5.25, -5.25, -5.25, -5.25, -5.25,

Long 5 MNQ 13464.75, 13464.75, 13464.75, 13464.75, 13464.75, +33.5, +33.5, +33.5, +33.5, +33.5, 

 

Total MES -2.5

Total MNQ  +105.0

 

The market action tends to train you to do exactly the wrong things at the wrong time.  Good case in point today was my initial management of the ORB breakdown play into the first selling trend.   The signal of an ORB pennant in the MNQ was clear.   I ignored the emotional fear of calling and taking that trade despite the deep gap price started out with.   But I was Moses with my stop placement thereafter, and choked it down to a small stop once it went my direction about 10 points.   The best rule for changing a stop is the arrival and then survival of a retest back to the breakout point.   But I ignored that, and rushed to move my stop because I didn't have faith in plan management rules.   

 

After a string of 6 days of about breakeven, I quit with a small profit just to claim a victory, in what have become the most volatile markets in history..     ...at least we're having fun.

Tues Jun 2 2021 Trade Signal Summary

20210602

 

Long 5 MNQ 13669.75, 13669.75, 13669.75, 13669.75, 13669.75, -5.5, -5.5, -5.5, -5.5, -5.5, 

Long 5 MNQ 13664.75, 13664.75, 13664.75, 13664.75, 13664.75, -5.25, -5.25, -5.25, -5.25, -5.25, 

Short 5 MNQ 13706.5, 13706.5, 13706.5, 13706.5, 13706.5, +22.75, +22.75, +22.75, +22.75, +22.75, 

Short 5 MES 4209.0, 4209.0, 4209.0, 4209.0, 4209.0,-0.0, -0.0, -0.0, -0.0, -0.0, 

Short 5 MNQ  13699.75, 13699.75, 13699.75, 13699.75, 13699.75, -2.5, -2.5, -2.5, -2.5, -2.5,

Short 5 MNQ 13700.25, 13700.25, 13700.25, 13700.25, 13700.25,  -1.5, -1.5, -1.5, -1.5, -1.5, 

Short 10 MNQ 13702.75, 13702.75, 13702.75, 13702.75, 13702.75, 13702.75, 13702.75, 13702.75, 13702.75, 13702.75, -2.75, -2.75, -2.75, -2.75, -2.75, -2.75, -2.75, -2.75, -2.75, -2.75,

Short 5 MNQ 13703.25, 13703.25, 13703.25, 13703.25, 13703.25, -2.75, -2.75, -2.75, -2.75, -2.75, 

 

Total MES -0.0

Total MNQ  -1.25

Mon Jun 1 2021 Trade Signal Summary

20210601

 

Long 5 MNQ 13752.75, 13752.75, 13752.75, 13752.75, 13752.75, -2.75, -2.75, -2.75, -2.75, -2.75, 

Long 5 MNQ 13739.25, 13739.25, 13739.25, 13739.25, 13739.25, -6.25, -6.25, -6.25, -6.25, -6.25,

Long 5 MNQ 13734.25, 13734.25, 13734.25, 13734.25, 13734.25, -3.5, -3.5, -3.5, -3.5, -3.5,

Long 5 MNQ 13734.5, 13734.5, 13734.5, 13734.5, 13734.5, -2.25, -2.25, -2.25, -2.25, -2.25,

Long 10 MNQ 13725.25, 13725.25, 13725.25, 13725.25, 13725.25, 13722.0, 13722.0, 13722.0, 13722.0, 13722.0, -5.75, -5.75, -5.75, -5.75, -5.75, -3.75, -3.75, -3.75, -3.75, -3.75,

-91.25

Long 5 MNQ 13681.5, 13681.5, 13681.5, 13681.5, 13681.5, -5.25, -5.25, -5.25, -5.25, -5.25,

Long 5 MNQ 13672.75, 13672.75, 13672.75, 13672.75, 13672.75, -5.25, -5.25, -5.25, -5.25, -5.25,

Long 5 MNQ 13661.5, 13661.5, 13661.5, 13661.5, 13661.5, -2.75, -2.75, -2.75, -2.75, -2.75,

Short 10 MNQ 13674.75, 13674.75, 13674.75, 13674.75, 13674.75, 13672.75, 13672.75, 13672.75, 13672.75, 13672.75, +5.25, +5.25, +5.25, +5.25, +5.25, +35.00, +35.00, +35.00, +35.00, +35.00, 

Short 5 MNQ 13648.75, -2.0, -2.0, -2.0, -2.0, -2.0, 

 

Total MNQ +6.25

 

Fri May 28 2021 Trade Signals

20210528

 

Short 5 MNQ 13703.75, 13703.75, 13703.75, 13703.75, 13703.75, -2.5, -2.5, -2.5, -2.5, -2.5, 

Long 5 MNQ 13707.75, 13707.75, 13707.75, 13707.75, 13707.75, -4.0, -4.0, -4.0, -4.0, -4.0, 

Short 5 MNQ 13726.0, 13726.0, 13726.0, 13726.0, 13726.0, -3.0, -3.0, -3.0, -3.0, -3.0,

Short 10 MNQ 13729.0, 13729.0, 13729.0, 13729.0, 13729.0, 13730.25, 13730.25, 13730.25, 13730.25, 13730.25,+5.0, +5.0, +5.0, +5.0, +5.0, +10.75, +10.75, +10.75, +10.75, +10.75, 

 

Total MNQ  +31.25

 

Trading is full of imperfect execution.   ...both in Technical Event Confluence, and in target acquisition.   But even if your day if full of comprise, a Trade Plan still keeps your impulses and imperfect judgements intact if it is maintained with some discipline.   

 

In general, a Trade Plan should keep you away from the crowd.  Thus, I rely on Signal Confirmation, not Price Confirmation via pattern or bar pattern triggers, sometimes referred to as 'setups'.    Awaiting trend confirmation almost always puts you in with the majority.   The majority use some variation of the original Charles Drummond l-2-3 pattern trigger, made famous by Ken Roberts and his use of it the physical commodities, and the Joe Ross renaming it as the Ross Hook in the smaller time frames for intraday futures trading.  (Although it uses a different method, Mark Fisher's ACBD 15 min OR can be included in general as a breakout system that relies on price confirmation, but the stop-outs are even more brutal to the bank account. It's avoidance of stop-outs relies on the presence of the Persistent Trend Day pattern, a day model that occurs roughly only some 4 days out of the 21 day trading month. )

 

Most of the time this kind of trigger-into-trend confirmation is nothing more than the market reloading itself with traders who have freshly hooked themselves into positions in the wrong direction.  Thus the market is fed further as these traders are subsequently stopped out.  

 

Instead, if you consider that confirmation can come alternatively as disparate technical signals arriving in confluence at certain places of exhaustion--both in structure and in momentum, then the places deeper into the reversal where so those using techniques listed above will be finally tripped into the market on the assumption of reversal confirmation, can be used to exit partial positions by those of us who chose Signal Confirmation instead of Price Confirmation as our entry triggers.  We're getting part of our position out as profits where these breakout traders are just getting in.  This keeps us well out of the crowded company of 90% of the majority of traders.  

 

But on days when a true confluence of technical events afford clear entry opportunities, those of us looking for extremes to fade still suffer our share of stop-outs, and then rely on trade entry concepts that are, for the most part, incomplete as to the desired totality of possible confluence.   

 

It's once again Memorial Day...  a time to remember all those who have come before, and especially those who fell, making the ultimate sacrifice that the rest of us could enjoy the benefits of freedom, here in the greatest nation the history of civilization has yet produced.  I salute them all, and proclaim with them loudly "Freedom First!!!"  There is no peace without it.    ...and God bless all ....

Thurs May 27 2021

20210527

 

Short 5 MNQ 13682.5, 13682.5, 13682.5, 13682.5, 13682.5, +20.75, +20.75, +20.75, +20.75, +20.75, 

Short 5 MNQ  13664.25, 13664.25, 13664.25, 13664.25, 13664.25, -4.0, -4.0, -4.0, -4.0, -4.0,

Short 5 MNQ 13666.75, 13666.75, 13666.75, 13666.75, 13666.75, -1.25, -1.25, -1.25, -1.25, -1.25, 

Short 5 MNQ  13676.75, 13676.75, 13676.75, 13676.75, 13676.75, -2.5, -2.5, -2.5, -2.5, -2.5,

Short 5 MNQ 13680.5, 13680.5, 13680.5, 13680.5, 13680.5, -2.25, -2.25, -2.25, -2.25, -2.25,

Short 5 MES 4207.5, 4207.5, 4207.5, 4207.5, 4207.5, -2.5, -2.5, -2.5, -2.5, -2.5, 

Short 5 MNQ 13700.75, 13700.75, 13700.75, 13700.75, 13700.75, -1.0, -1.0, -1.0, -1.0, -1.0, 

Short 5 MNQ 13704.25, 13704.25, 13704.25, 13704.25, -4.0, -4.0, -4.0, -4.0, -4.0, 

Short 5 MNQ  13706.5, 13706.5, 13706.5, 13706.5, 13706.5, -3.0, -3.0, -3.0, -3.0, -3.0, 

Short 10 MNQ 13708.0, 13708.0, 13708.0, 13708.0, 13708.0, 13709.75, 13709.75, 13709.75, 13709.75, 13709.75, -4.25, -4.25, -4.25, -4.25, -4.25, -3.75, -3.75, -3.75, -3.75, -3.75,

Short 5 MNQ 13713.25, 13713.25, 13713.25, 13713.25, 13713.25, -3.0, 

Short 10 MNQ 13715.5, 13715.5, 13715.5, 13715.5, 13715.5, 13714.25, 13714.25, 13714.25, 13714.25, 13714.25, -2.75, -2.75, -2.75, -2.75, -2.75, -2.75, -2.75, -2.75, -2.75, -2.75, 

Short 5 MNQ  13708.75, 13708.75, 13708.75, 13708.75, 13708.75, +25.25, +25.25, +25.25, +25.25, +25.25, 

 

Total MES -12.5

Total MNQ +55.0 

 

Three frustrating days in a row for my trading.   And it seems those three days can claim about the same faults to my trading each time.   And although the last two days were about net break-even in the P&L column, it's always the profitable trades you fail to take rather than the losing trades you make that bother you the most.   

 

The MNQ is a bit notorious for over-spill at the turning points.   It takes the form of liquid mercury, and so earns that action nick-name description.   But if all other elements to the trade model are, in fact, present and in place at those general areas, there is one final positioning allowance in my Trade Plan that would allow me to re-enter one final time.  I refer to it as 'Lifting your position with an order at stop-out.'   And it can be described thus: Instead of extending your stop endlessly at this mercurial turning points, when Momentum, Exhaustion Grid and the fractal algorithm Serial Sequent are all in place, and yet another spike of unpredictable extent might take you out of position, keep your stop in tight.  Allow the stop-out, and simply witness the extend of that next price spike.   If it continues well above current action, do nothing, and await further algorithm signals as price structure proceeds.  But if instead, this extra breakout is a dud, have a stop to enter at about the same place you had entered on in the previous order.   And if the final stop-out spike turns out to be just the over-spill necessary to ignite a true reversal, you are back in the trade in the intended direction.   Use the extent of this final price spike as your stop-loss of the re-entered position, and trail to break-even if the reversal truly sets.    

 

On all three of the last days, this technique would have re-positioned me for the impulsive, profit producing reversal I was so diligently trying to capture in the first place.