20160114
Long 1 NQ 4163.25, -2.0
Long 2 TF 1003.3, 1003.5, -1.4, -1.4
Long 2 TF 999.3, 999.7, +1.0, -1.2
Long 1 NQ 4128.0, -2.5
Long 1 TF 996.7, +4.0
Short 1 YM 16070, -10
Short 2 TF 1003.7, 1004.6, -0.0, -0.7
Short 2 YM 16113, 16113, -0, -0
Short 1 TF 1010.5, -0.7
Short 2 TF 1011.4, 1011.4, +1.0, -0.5
Short 2 TF 1116.2, 1116.2, -0.4, -0.4
Short 1 ES 1909.25, +2.0
Long 1 TF 1010.8, +1.7
Long 1 TF 1007.5, -0.7
Long 1 TF 1005.7, +2.0
Total ES +2.0
Total YM -10
Total NQ -4.5
Total TF +2.3
Entry levels tend to come in zones. A trader might have an exact set of numbers from his Pivot / Exhaustion Grid, but the more volatile the day, the more likely those numbers will bleed. Same can be said of any tool that analyses structure. The momentum behind fast charging prices push the waves out far beyond expectations. If the entry models are still intact after such over-throws, then you only have two choices, to assess the day as too hot to play, or get back in the positions when the next entry level arrives after suffering a manageable dollar amount of stop-outs. But stop-outs can take the wind from your sail, and yet can come just at the time when you must be most alert to the truer turn and reversal signals. Regardless, don't let your stop outs exceed the dollar amount of your profit goal. There's always another day if you keep your losses to a minimum. With the bear tending to be more volatile than the bull, we may yet be facing some very challenging days ahead for short term futures trading.
