20210520
Short 5 MNQ 13410.5, 13410.5, 13410.5, 13410.5, 13410.5, -3.5, -3.5, -3.5, -3.5, -3.5,
Short 15 MNQ 13412.5, 13412.5, 13412.5, 13412.5, 13412.5, 13412.25, 13412.25, 13412.25, 13412.25, 13412.25, 13410.5, 13410.5, 13410.5, 13410.5, 13410.5, +4.0, +4.0, +4.0, +4.0, +4.0,+12.0, +12.0, +12.0, +12.0, +12.0, -2.0, -2.0, -2.0, -2.0, -2.0,
Short 5 MNQ 13416.25, 13416.25, 13416.25, 13416.25, 13416.25, -2.5, -2.5, -2.5, -2.5, -2.5,
Short 10 MNQ 13429.75, 13429.75, 13429.75, 13429.75, 13429.75, 13432.25, 13432.25, 13432.25, 13432.25, 13432.25, +6.0, +6.0, +6.0, +6.0, +6.0, -2.0, -2.0, -2.0, -2.0, -2.0,
Short 5 MNQ 13440.5, 13440.5, 13440.5, 13440.5, 13440.5, -3.5, -3.5, -3.5, -3.5, -3.5,
Short 5 MNQ 13442.0, 13442.0, 13442.0, 13442.0, 13442.0, 13441.25, 13441.25, 13441.25, 13441.25, -2.25, -2.25, -2.25, -2.25, -2.25, +4.0, +4.0, +4.0, +4.0, +4.0,
Short 5 MNQ 13455.0, 13455.0, 13455.0, 13455.0, 13455.0, -2.25, -2.25, -2.25, -2.25, -2.25,
Short 5 MES 4148.75, 4148.75, 4148.75, 4148.75, 4148.75, -1.5, -1.5, -1.5, -1.5, -1.5,
Short 10 MNQ 13458.0, 13458.0, 13458.0, 13458.0, 13458.0, 13458.0, 13458.0, 13458.0, 13458.0, 13458.0, -2.0, -2.0, -2.0, -2.0, -2.0, -2.0, -2.0, -2.0, -2.0, -2.0,
Short 5 MNQ 13464.5, 13464.5, 13464.5, 13464.5, 13464.5, -2.25, -2.25, -2.25, -2.25, -2.25,
Short 10 MNQ 13470.0, 13470.0, 13470.0, 13470.0, 13470.0, 13470.0, 13470.0, 13470.0, 13470.0, 13470.0, -2.0, -2.0, -2.0, -2.0, -2.0, -2.0, -2.0, -2.0, -2.0, -2.0,
Short 5 MES 4155.25, 4155.25, 4155.25, 4155.25, 4155.25, -1.5, -1.5, -1.5, -1.5, -1.5,
Short 2 YM 34128, 34128, -7, -7
Short 10 MNQ 13486.75, 13486.75, 13486.75, 13486.75, 13486.75, 13486.25, 13486.25, 13486.25, 13486.25, 13486.25, -3.5, -3.5, -3.5, -3.5, -3.5, -3.5, -3.5, -3.5, -3.5, -3.5,
Short 10 13490.25, 13490.25, 13490.25, 13490.25, 13490.25, 13490.75, 13490.75, 13490.75, 13490.75, 13490.75, -1.5, -1.5, -1.5, -1.5, -1.5, -1.5, -1.5, -1.5, -1.5, -1.5,
Short 5 MES 4159.5, 4159.5, 4159.5, 4159.5, 4159.5, -1.5, -1.5, -1.5, -1.5, -1.5,
Short 2 YM 34155, 34155, -8, -8
Short 15 MNQ 13502.0, 13502.0, 13502.0, 13502.0, 13502.0, 13501.5, 13501.5, 13501.5, 13501.5, 13501.5, 13500.0, 13500.0, 13500.0, 13500.0, 13500.0, +27.25, +27.25, +27.25, +27.25, +27.25, +12.75, +12.75, +12.75, +12.75, +12.75, +5.0, +5.0, +5.0, +5.0, +5.0,
Total MES -22.5
Total MNQ +163.75
Total YM -30
As intraday futures traders, we depend on swings for entry signals. Without those swings, price tends to be vertical....either straight down with little if any significant bounce to enter a short, or straight up, sometimes accelerating into a true crescendo of short covering. Both those conditions are nearly impossible trade... unless you can credit yourself as being prescient.
But in almost every one of those moves, there was a pullback, often early on, that would have provided you an entry to go-with, with an in trend position. And on such days, those pullbacks usually appear just too shallow to warrant risking an in-trend position on a market that has already gone so far... And in just such days as today, do we look back down the mountainside from which price has miraculously ascended, to that pitifully shallow pullback that certainly seemed way too unsubstantial at the time, to the only real opportunity you had to get on board the unanticipated explosion that was to follow.
Today was just such a day. And instead of risking that one shallow pullback signal I was able to identify, I repeatedly shorted on the way up until the trend was truly exhausted, only to get back losses and put the painful job of trying to find the big turn deep enough into the red that getting back to black only recaptured about what I lost on the way up.
I need to learn from that experience of passing up the shallow pullbacks and grab onto the in-trend plays. It is all the more discouraging to think how many times I have had to enter this into my blog. Tomorrow's action should be in contrast to today's, Yin-Yang, and if so, swings in both directions should give better results from intraday swing signals in the First Frame.