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.