20151022
Short 2 YM 17210, 17210, -7, -7
Short 1 TF 1148.3, -0.1
Short 1 YM 17228, -0
Short 1 NQ 4460.25, -2.0
Short 2 NQ 4461.25, 4461.25, -2.0, +2.0
Short 2 YM 17250, 17250, +7, -7
Short 2 TF 1153.9, 1153.9, +0.7, +2.0
Long 2 TF 1150.9, 1150.2, -1.4, -0.7
Long 2 TF 1149.6, 1149.6, +2.0, +3.6
Long 1 TF 1149.5, +2.0
Total YM -14
Total NQ -2.0
Total TF +8.1
At one point today, in a rather nasty pullback, my initial position got blown out. The structure was right for the model, as was the momentum of the True Trend Indicator™. As I usually use buy-stops in a falling market as an entry technique as price completes a model, a false start back up today engaged the position, only to thrust back down sharply a minute or so later. One argument might be to just use bigger protective stops in the ATM strategy and try to survive such volatility. And that's a fair argument. But I find that I think more clearly when on the sidelines. And although a bit painful, that moment of being NOT in a position that against me offers better clarity. So I don't mind getting stp'd out. It gives enough time to assess if the elements of the model are still in place, although now at a different level of the Pivot Exhaustion Grid. If so, I get right back on the saddle. And if you are getting use to watching a tick bar chart tied to your price ladder at those moments of entry instead, say your 3 or 5 min bar charts, you can see the thrusts downward a little more clearly, along with the holes they can leave at the thinner points of liquidity. That kind of action, the kind that blew me out today for instance, tends to do two things simultaneously. First, it scares you into thinking the current trend is not over and adds to the appraisal emotionally that there's far more yet to come; and secondly, it tends to exhaust the move and bring finality, just at the level mysteriously designed to cause stop-outs to most of the current players--who, like me today, got in too early thinking they knew which way the market was ready to go. In other words, the action and consequence to your position causes a 'feeling' exactly opposite to what that final thrust really is. As in life in general, including politics and ethics, "Fade your feelings, Luke" is what Yoda should have been teaching the young Skywalker.
Wed Oct 21 Trade Summary
20151021
Long 2 TF 1155.3, 1155.2, -1.0, -0.7
Long 2 TF 1155.0, 1155.0, +0.7, -0.7
Long 2 TF 1150.2, 1149.8, +2.0, +2.0
Short 2 TF 1155.1, 1155.1, +0.5, +2.0
Short 1 TF 1156.3, +1.0
Total TF +5.8
Long 2 TF 1155.3, 1155.2, -1.0, -0.7
Long 2 TF 1155.0, 1155.0, +0.7, -0.7
Long 2 TF 1150.2, 1149.8, +2.0, +2.0
Short 2 TF 1155.1, 1155.1, +0.5, +2.0
Short 1 TF 1156.3, +1.0
Total TF +5.8
Tues Oct 20 Trades & Journal
20151020
Short 1 NQ 4447.5, +13.00
Long 2 TF 1158.3, 1157.7, -0.0, +1.8
Short 1 TF 1163.9, +0.7
Long 2 TF 1163.8, 1163.8, +0.5, +1.2
Total NQ +13.00
Total TF +4.7
Holding the position for the better piece of the excursion is often the more challenging thing about trading. Getting in is easy, on the other hand. In fact, getting in is often too easy and facilitated for no other reason than an eagerness often just to pull the trigger, or an anxiety that the profits are passing you by like numbers on filling station meter. "Where's mine?", you might be say to yourself. And nothing can be more endemic to bad trading than the anxiety that ensues when--after you have exited a position too soon and can do nothing but watch the profits in that dollar meter roll on to someone else--you feel compelled to fade the trend as if to capture the profits you are missing in the remainder of the excursion while revenging your stupidity. Don't try to get even with the failure from your stupidity. Instead, take a moment and examine where you were mentally when you let the better position go too soon. What can be learned about this for next time? What were the technical event minutia that arrived simultaneously to lend this particular swing reversal such and extended excursion...? ...and, how do I translate that into a better trade management plan next time? "When this....then that." Those are your action triggers to either take a larger position, or hold on to something as a runner as the trade from these more complete event criteria unfolds.
Short 1 NQ 4447.5, +13.00
Long 2 TF 1158.3, 1157.7, -0.0, +1.8
Short 1 TF 1163.9, +0.7
Long 2 TF 1163.8, 1163.8, +0.5, +1.2
Total NQ +13.00
Total TF +4.7
Holding the position for the better piece of the excursion is often the more challenging thing about trading. Getting in is easy, on the other hand. In fact, getting in is often too easy and facilitated for no other reason than an eagerness often just to pull the trigger, or an anxiety that the profits are passing you by like numbers on filling station meter. "Where's mine?", you might be say to yourself. And nothing can be more endemic to bad trading than the anxiety that ensues when--after you have exited a position too soon and can do nothing but watch the profits in that dollar meter roll on to someone else--you feel compelled to fade the trend as if to capture the profits you are missing in the remainder of the excursion while revenging your stupidity. Don't try to get even with the failure from your stupidity. Instead, take a moment and examine where you were mentally when you let the better position go too soon. What can be learned about this for next time? What were the technical event minutia that arrived simultaneously to lend this particular swing reversal such and extended excursion...? ...and, how do I translate that into a better trade management plan next time? "When this....then that." Those are your action triggers to either take a larger position, or hold on to something as a runner as the trade from these more complete event criteria unfolds.
Mon Oct 19 Trade Summary
Trade Summary
20151019
Short 2 TF 1160.6, 1161.1, +1.3, +2.2
Short 1 NQ 4434.0, -2.0
Short 1 TF 1163.2, +1.4
Long 1 TF 1159.5, -0.1
Total NQ -2.0
Total TF +4.8
20151019
Short 2 TF 1160.6, 1161.1, +1.3, +2.2
Short 1 NQ 4434.0, -2.0
Short 1 TF 1163.2, +1.4
Long 1 TF 1159.5, -0.1
Total NQ -2.0
Total TF +4.8
Fri Oct 16 Trade Summary
20151016
Short 2 NQ 4412.0, 4411.25, +6.0, +2.0
Long 1 TF 1157.0, -0.1
Short 1 YM 17066, -7
Short 1 NQ 4415.5, +7.0
Long 1 TF 1155.4, +1.0
Short 1 TF 1157.1, -0.7
Short 1 TF 1157.7, -0.5
Short 1 TF 1157.1, -0.7
Short 1 TF 1158.4, -0.2
Short 1 TF 1159.5, +1.0
Total YM -7
Total NQ +15
Total TF -0.2
Short 2 NQ 4412.0, 4411.25, +6.0, +2.0
Long 1 TF 1157.0, -0.1
Short 1 YM 17066, -7
Short 1 NQ 4415.5, +7.0
Long 1 TF 1155.4, +1.0
Short 1 TF 1157.1, -0.7
Short 1 TF 1157.7, -0.5
Short 1 TF 1157.1, -0.7
Short 1 TF 1158.4, -0.2
Short 1 TF 1159.5, +1.0
Total YM -7
Total NQ +15
Total TF -0.2
Thurs Oct 15 Trade Summary
20151015
Short 1 NQ 4366.0, -2.0
Short 2 TF 1139.7, 1139.5, +3.0, +0.7
Short 1 TF 1139.6, -0.5
Short 1 TF 1139.5, +2.0
Long 1 TF 1139.0, -0.5
Long 1 TF 1137.6, +1.3
Short 1 TF 1141.8, +1.3
Total NQ -2.0
Total TF +7.3
Short 1 NQ 4366.0, -2.0
Short 2 TF 1139.7, 1139.5, +3.0, +0.7
Short 1 TF 1139.6, -0.5
Short 1 TF 1139.5, +2.0
Long 1 TF 1139.0, -0.5
Long 1 TF 1137.6, +1.3
Short 1 TF 1141.8, +1.3
Total NQ -2.0
Total TF +7.3
Wed Oct 14 Trades & Journal
20151014
Short 1 TF 1148.4, -1.4,
Short 2 TF 1151.1, 1151.1, +1.4, +1.0
Short 1 YM 17004, -7
Short 2 TF 1150.7, +0.2, -0.4
Short 1 TF 1150.6, +1.2
Long 1 NQ 4341.5, -2.0
long 1 NQ 4336.75, -2.0
Long 2 TF 1142.4, 1142.5, +1.0, -1.1
Long 5 TF 1141.8, 1141.1, 1140.4, 1140.3, 1140.4, -1.4, -1.4, +1.0, -0.5, -0.5
Long 2 TF 1138.5, 1138.5, -0.0, -0.0
Long 2 TF 1139.1, 1139.1, -0.8, -0.8
Long 3 TF 1138.0, 1138.0, 1138.2, -0.5, -0.5 -0.5
Long 2 TF 1136.8, 1136.8, -0.0, -1.0
Total YM -7
Total NQ -4.0
Total TF -5.0
The weaker trader's mind is always looking to participate in the profits that are going by. Having only profited small at the initial highs-of-day--mostly because I mishandled the entry signals--I was left with the mental affectation of wanting to be apart of the short profits I reckoned I was owed. Unable to find an entry, I over-aggressively counter traded with longs, giving up all the small gains of the short positions I hadn't held and going into a hole for the day. I knew better. The 2nd trend tends to be truer than the 1st, and there I was fighting the 2nd trend for revenge profits against the excursion I had failed to remain short in. Don't fight the trend you failed to be in, especially when it's the 2nd trend of the frame. You can't recapture an excursion once spent any better than you can recapture profits once lost. Stay cool, for the the pullback that lends itself to being an identifiable entry model. It's the market you must be in sync with to succeed, not your need to recapture lost gains. Consistency is the key. ...and always quit when your losses have equaled the goal of your profits you didn't make.
Short 1 TF 1148.4, -1.4,
Short 2 TF 1151.1, 1151.1, +1.4, +1.0
Short 1 YM 17004, -7
Short 2 TF 1150.7, +0.2, -0.4
Short 1 TF 1150.6, +1.2
Long 1 NQ 4341.5, -2.0
long 1 NQ 4336.75, -2.0
Long 2 TF 1142.4, 1142.5, +1.0, -1.1
Long 5 TF 1141.8, 1141.1, 1140.4, 1140.3, 1140.4, -1.4, -1.4, +1.0, -0.5, -0.5
Long 2 TF 1138.5, 1138.5, -0.0, -0.0
Long 2 TF 1139.1, 1139.1, -0.8, -0.8
Long 3 TF 1138.0, 1138.0, 1138.2, -0.5, -0.5 -0.5
Long 2 TF 1136.8, 1136.8, -0.0, -1.0
Total YM -7
Total NQ -4.0
Total TF -5.0
The weaker trader's mind is always looking to participate in the profits that are going by. Having only profited small at the initial highs-of-day--mostly because I mishandled the entry signals--I was left with the mental affectation of wanting to be apart of the short profits I reckoned I was owed. Unable to find an entry, I over-aggressively counter traded with longs, giving up all the small gains of the short positions I hadn't held and going into a hole for the day. I knew better. The 2nd trend tends to be truer than the 1st, and there I was fighting the 2nd trend for revenge profits against the excursion I had failed to remain short in. Don't fight the trend you failed to be in, especially when it's the 2nd trend of the frame. You can't recapture an excursion once spent any better than you can recapture profits once lost. Stay cool, for the the pullback that lends itself to being an identifiable entry model. It's the market you must be in sync with to succeed, not your need to recapture lost gains. Consistency is the key. ...and always quit when your losses have equaled the goal of your profits you didn't make.
Tues Oct 13 Trade Summary
Trade Summary
20151013
Short 2 TF 1158.2, 1158.0, +0.7, -0.9
Short 2 YM 16988, 16988, -7, -7
Short 2 TF 1161.8, 1161.7, +0.7, +2.2
Short 1 YM 17021, -7
Short 1 TF 1161.3, -0.8
Short 3 TF 1162.7, 1162.7, 1162.4, +0.7, -0.2, +1.0
Short 1 NQ 4378.25, -2.0
Short 2 TF 1164.5, 1164.5, +0.5, -0.7
Short 3 YM 17043, 17044, 17042, -3, +7, +7
Short 2 TF 1167.1, 1166.9, +0.7, +1.5
Total YM -10
Total NQ -2.0
Total TF +5.4
20151013
Short 2 TF 1158.2, 1158.0, +0.7, -0.9
Short 2 YM 16988, 16988, -7, -7
Short 2 TF 1161.8, 1161.7, +0.7, +2.2
Short 1 YM 17021, -7
Short 1 TF 1161.3, -0.8
Short 3 TF 1162.7, 1162.7, 1162.4, +0.7, -0.2, +1.0
Short 1 NQ 4378.25, -2.0
Short 2 TF 1164.5, 1164.5, +0.5, -0.7
Short 3 YM 17043, 17044, 17042, -3, +7, +7
Short 2 TF 1167.1, 1166.9, +0.7, +1.5
Total YM -10
Total NQ -2.0
Total TF +5.4
Mon Oct 12 Trade Summary
20151012
Short 2 YM 17070, 17010, +20, +7
Short 1 TF 1159.6, -0.3
Short 1 TF 1160.8, +3.5
Short 1 TF 1158.9, -0.5
Short 1 NQ 4366.75, -2.0
Short 1 TF 1161.1, +1.5
Short 1 NQ 4372.0, +5.0
Total YM +27
Total NQ +3.0
Total TF +4.2
Short 2 YM 17070, 17010, +20, +7
Short 1 TF 1159.6, -0.3
Short 1 TF 1160.8, +3.5
Short 1 TF 1158.9, -0.5
Short 1 NQ 4366.75, -2.0
Short 1 TF 1161.1, +1.5
Short 1 NQ 4372.0, +5.0
Total YM +27
Total NQ +3.0
Total TF +4.2
Fri Oct 9 Trade Summary
20151009
Long 1 TF 1161.5, -0.6
Short 1 YM 17010, -3
Short 3 TF 1162.5, 1162.3, 1163.2, -1.5, -0.0, +2.2
Short 1 YM 17070, +30
Long 3 TF 1160.2, 1159.3, 1159.0, 1158.8, -1.4, +0.3, +1.4, +2.0
Short 2 TF 1162.4, 1162.2, +1.0, +2.0
Short 1 TF 1163.3, +1.0
Total YM +27
Total TF +6.4
Long 1 TF 1161.5, -0.6
Short 1 YM 17010, -3
Short 3 TF 1162.5, 1162.3, 1163.2, -1.5, -0.0, +2.2
Short 1 YM 17070, +30
Long 3 TF 1160.2, 1159.3, 1159.0, 1158.8, -1.4, +0.3, +1.4, +2.0
Short 2 TF 1162.4, 1162.2, +1.0, +2.0
Short 1 TF 1163.3, +1.0
Total YM +27
Total TF +6.4
Thurs Oct 8 Trade Summary
20151008
Long 1 TF 1144.2, +1.4
Short 1 NQ 4298.0, -2.0
Short 1 NQ 4301.5, -2.0
Short 2 NQ 4307.5, 4307.5, +3.0, +3.0
Short 3 TF 1147.3, 1148.1, 1147.5, -1.4, +1.0, -1.4
Short 2 YM 16807, 16806, +7, -7
Short 1 TF 1149.1, +2.2
Short 1 NQ 4284.5, -2.0
Short 2 TF 1147.9, 1148.8, -0.0, -0.1
Total YM -0
Total NQ -0.0
Total TF +1.7
Long 1 TF 1144.2, +1.4
Short 1 NQ 4298.0, -2.0
Short 1 NQ 4301.5, -2.0
Short 2 NQ 4307.5, 4307.5, +3.0, +3.0
Short 3 TF 1147.3, 1148.1, 1147.5, -1.4, +1.0, -1.4
Short 2 YM 16807, 16806, +7, -7
Short 1 TF 1149.1, +2.2
Short 1 NQ 4284.5, -2.0
Short 2 TF 1147.9, 1148.8, -0.0, -0.1
Total YM -0
Total NQ -0.0
Total TF +1.7
Wed Oct 7 Trade Summary
20151007
Short 2 TF 1135.2, 1135.2, +0.5, -0.7
Long 1 TF 1134.9, +2.5
Short 3 TF 1140.4, 1140.2, 1141.0, -1.1, +0.1, 1.0
Long 1 TF 1134.6, +1.0
Total TF +3.3
Short 2 TF 1135.2, 1135.2, +0.5, -0.7
Long 1 TF 1134.9, +2.5
Short 3 TF 1140.4, 1140.2, 1141.0, -1.1, +0.1, 1.0
Long 1 TF 1134.6, +1.0
Total TF +3.3
Tues Oct 6 Trade Summary
20151006
Short 2 TF 1134.5, 1134.5, -0.7, -0.7
Short 2 TF 1135.9, 1135.9, +3.0, +3.0
Short 1 TF 1136.8, -1.0
Short 1 TF 1137.9, -0.5
Long 2 TF 1136.8, 1136.8, +0.7, +2.0
Long 1 NQ 4296.0, -2.0
Long 1 NQ 4295.25, -2.0
Long 2 TF 1132.2, 1132.0, -1.0, -0.7
Total NQ -4.0
Total TF +4.1
Short 2 TF 1134.5, 1134.5, -0.7, -0.7
Short 2 TF 1135.9, 1135.9, +3.0, +3.0
Short 1 TF 1136.8, -1.0
Short 1 TF 1137.9, -0.5
Long 2 TF 1136.8, 1136.8, +0.7, +2.0
Long 1 NQ 4296.0, -2.0
Long 1 NQ 4295.25, -2.0
Long 2 TF 1132.2, 1132.0, -1.0, -0.7
Total NQ -4.0
Total TF +4.1
Mon Oct 5 Trades & Journal
20151005
Short 3 TF 1122.1, 1121.9, 1122.4, +2.0, +0.7, -1.1
Short 1 NQ 4290.25, -2.0
Short 3 TF 1125.5, 1125.5, 1125.4, +1.0, -0.6, -0.7,
Short 1 TF 1127.2, -1.0
Short 1 NQ 4301.25, 4301.5, -2.0, -2.0
Short 3 TF 1128.5, 1128.5, 1129.5, -1.6, -1.6, -0.7
Short 1 TF 4304.0, -2.5
Total NQ -8.5
Total TF -3.6
Sometimes price simply stretches beyond your signals, or just stops you out with whipsaws. There is never any reason to fight it. Getting even is getting deeper in the hole. Take your losses and try to keep them on any day no bigger than your daily profit goal. If your entry models work far more often than they fail, you'll regroup soon to get back in sync. Consistency is more important than recapturing your losses. Your losses are gone for good. Reestablish your consistency, and if you kept your losses under control, your profits will overtake them soon enough.
Short 3 TF 1122.1, 1121.9, 1122.4, +2.0, +0.7, -1.1
Short 1 NQ 4290.25, -2.0
Short 3 TF 1125.5, 1125.5, 1125.4, +1.0, -0.6, -0.7,
Short 1 TF 1127.2, -1.0
Short 1 NQ 4301.25, 4301.5, -2.0, -2.0
Short 3 TF 1128.5, 1128.5, 1129.5, -1.6, -1.6, -0.7
Short 1 TF 4304.0, -2.5
Total NQ -8.5
Total TF -3.6
Sometimes price simply stretches beyond your signals, or just stops you out with whipsaws. There is never any reason to fight it. Getting even is getting deeper in the hole. Take your losses and try to keep them on any day no bigger than your daily profit goal. If your entry models work far more often than they fail, you'll regroup soon to get back in sync. Consistency is more important than recapturing your losses. Your losses are gone for good. Reestablish your consistency, and if you kept your losses under control, your profits will overtake them soon enough.
Fri Oct 2 Trade Summary
20151002
Long 1 NQ 4122.25, -2.0
Short 1 TF 1078.8, -0.2
Long 3 TF 1175.9, 1175.8, 1176.3, +1.0, +3.0, +1.0
Total NQ -2.0
Total TF +4.8
Long 1 NQ 4122.25, -2.0
Short 1 TF 1078.8, -0.2
Long 3 TF 1175.9, 1175.8, 1176.3, +1.0, +3.0, +1.0
Total NQ -2.0
Total TF +4.8
Thur Oct 1 Trade Summary
20151001
Long 4 TF 1191.4, 1190.5, 1190.4, 1190.2, +0.1, +1.3, +2.0, +3.2,
Total TF +6.6
Long 4 TF 1191.4, 1190.5, 1190.4, 1190.2, +0.1, +1.3, +2.0, +3.2,
Total TF +6.6
Wed Sep 30 Trade Summary
20150930
Long 2 TF 1187.5, 1187.5, +1.5, +1.6
Short 1 TF 1191.8, -0.3
Short 2 TF 1193.7, 1193.7, +0.7, -0.7
Short 1 NQ 4161.75, -2.0
Short 1 NQ 4163.75, +5.0
Total NQ +3.0
Total TF +2.8
Long 2 TF 1187.5, 1187.5, +1.5, +1.6
Short 1 TF 1191.8, -0.3
Short 2 TF 1193.7, 1193.7, +0.7, -0.7
Short 1 NQ 4161.75, -2.0
Short 1 NQ 4163.75, +5.0
Total NQ +3.0
Total TF +2.8
Tues Sep 29 Trade Summary
20150929
Long 1 TF 1184.2, -0.7
Long 1 TF 1181.9, -1.4
Long 2 TF 1180.2, 1180.2, -1.4, -1.4
Long 2 TF 1178.8, 1179.7, +4.5, +1.8
Short 2 TF 1188.3, 1187.8, -1.4, -1.4
Short 2 TF 1190.2, 1190.2, +3.0, +3.0
Short 1 TF 1189.4, +1.4
Total TF +6.0
Long 1 TF 1184.2, -0.7
Long 1 TF 1181.9, -1.4
Long 2 TF 1180.2, 1180.2, -1.4, -1.4
Long 2 TF 1178.8, 1179.7, +4.5, +1.8
Short 2 TF 1188.3, 1187.8, -1.4, -1.4
Short 2 TF 1190.2, 1190.2, +3.0, +3.0
Short 1 TF 1189.4, +1.4
Total TF +6.0
Mon Sep 28 Trade Summary
20150928
Short 2 TF 1111.0, 1111.2, -0.0, +1.0
Short 1 TF 1112..3, +1.0
Long 1 TF 1107.2, -1.4
Long 4 TF 1103.5, 1103.5, 1104.0, 1103.7, -1.4, +1.2, -0.0, -0.7
Long 2 TF 1199.0, 1199.2, +2.4, +1.0
Long 1 TF 1197.4, -0.5
Long 1 TF 1197.2, +2.0
Short 1 TF 1103.3, +3.0
Total TF +7.6
Short 2 TF 1111.0, 1111.2, -0.0, +1.0
Short 1 TF 1112..3, +1.0
Long 1 TF 1107.2, -1.4
Long 4 TF 1103.5, 1103.5, 1104.0, 1103.7, -1.4, +1.2, -0.0, -0.7
Long 2 TF 1199.0, 1199.2, +2.4, +1.0
Long 1 TF 1197.4, -0.5
Long 1 TF 1197.2, +2.0
Short 1 TF 1103.3, +3.0
Total TF +7.6
Fri Sep 25 Trade Summary
20150924
Long 2 TF 1134.5, 1134.9, +2.7, +1.0
Long 1 TF 1135.5, +1.5
Total TF +5.2
Long 2 TF 1134.5, 1134.9, +2.7, +1.0
Long 1 TF 1135.5, +1.5
Total TF +5.2
Wed Sep 23 Trade Summary
Trade Summary
20150923
Short 1 TF 1141.1, +1.3
Long 2 TF 1137.0, 1136.6, +0.7, +2.0
Short 1 TF 1140.4, +0.5
Short 1 TF 1141.5, +0.5
Long 1 TF 1138.2, +1.5
Total TF +5.5
20150923
Short 1 TF 1141.1, +1.3
Long 2 TF 1137.0, 1136.6, +0.7, +2.0
Short 1 TF 1140.4, +0.5
Short 1 TF 1141.5, +0.5
Long 1 TF 1138.2, +1.5
Total TF +5.5
Tues Sep 22 Trade Summary
20150922
Long 4 TF 1144.9, 1144.0, 1143.7, 1143.8, -1.4, +0.7, +1.0, +3.4
Long 4 TF 1140.7, 1140.2, 1140.2, 1140.2, -0.0, -0.2, +1.5, +2.8
Total TF +7.8
Long 4 TF 1144.9, 1144.0, 1143.7, 1143.8, -1.4, +0.7, +1.0, +3.4
Long 4 TF 1140.7, 1140.2, 1140.2, 1140.2, -0.0, -0.2, +1.5, +2.8
Total TF +7.8
Mon Sep 21 Trade Summary
20150921
Long 1 TF 1167.3, -0.2
Long 1 TF 1163.3, +2.0
Short 2 NQ 4341.5, 4341.5, -2.0, -2.0
Short 1 TF 1168.2, -0.4
Short 2 NQ 4144.75, 4144.75, +3.0, +4.0
Long 1 NQ 4135.75, +4.0
Short 1 1171.1, +0.8
Short 1 1173.3, +1.2
Total NQ +7.0
Total TF +3.4
Long 1 TF 1167.3, -0.2
Long 1 TF 1163.3, +2.0
Short 2 NQ 4341.5, 4341.5, -2.0, -2.0
Short 1 TF 1168.2, -0.4
Short 2 NQ 4144.75, 4144.75, +3.0, +4.0
Long 1 NQ 4135.75, +4.0
Short 1 1171.1, +0.8
Short 1 1173.3, +1.2
Total NQ +7.0
Total TF +3.4
Fri Sep 18 Trade Summary
20150918
Short 2 TF 1163.2, 1164.0, -1.4, -0.5
Short 1 TF 1165.0, +3.0
Short 1 TF 1165.8, +1.1
Short 1 TF 1164.6, +1.4
Total TF +3.6
Short 2 TF 1163.2, 1164.0, -1.4, -0.5
Short 1 TF 1165.0, +3.0
Short 1 TF 1165.8, +1.1
Short 1 TF 1164.6, +1.4
Total TF +3.6
Thurs Sep 17 Trade Summary
20150917
Short 1 TF 1168.8, -0.4
Long 1 TF 1169.3, +1.0
Short 1 TF 1170.4, +1.3
Short 1 TF 1172.2, -0.0
Short 1 TF 1172.0, +1.0
PM trades:
Long 1 TF 1173.2, -1.4
Long 1 TF 1172.0, -1.4
Long 1 TF 1172.1, +5.0
Total +5.1
note: this page was updated to include trades taken after the FOMC, just after 2pm ET.
Short 1 TF 1168.8, -0.4
Long 1 TF 1169.3, +1.0
Short 1 TF 1170.4, +1.3
Short 1 TF 1172.2, -0.0
Short 1 TF 1172.0, +1.0
PM trades:
Long 1 TF 1173.2, -1.4
Long 1 TF 1172.0, -1.4
Long 1 TF 1172.1, +5.0
Total +5.1
note: this page was updated to include trades taken after the FOMC, just after 2pm ET.
Wed Sep 16 Trade Summary
20150916
Short 2 TF 1164.1, 1164.3, +1.0, +2.0
Long 1 TF 1160.1, -0.4
Short 1 TF 1161.4, -0.6
Total TF +2.0
Short 2 TF 1164.1, 1164.3, +1.0, +2.0
Long 1 TF 1160.1, -0.4
Short 1 TF 1161.4, -0.6
Total TF +2.0
Tues Sep 15 Trade Summary
20150915
Long 1 TF 1148.7, +2.0
Short 2 NQ 4329.75, 4330.75, -1.0, +2.0
Short 1 TF 1154.5, -0.4
Short 2 NQ 4339.50, 4339.50, +2.0, +3.0
Total NQ +6.0
Total TF +1.6
Long 1 TF 1148.7, +2.0
Short 2 NQ 4329.75, 4330.75, -1.0, +2.0
Short 1 TF 1154.5, -0.4
Short 2 NQ 4339.50, 4339.50, +2.0, +3.0
Total NQ +6.0
Total TF +1.6
Mon Sep 14 Trade Summary
20150914
Long 1 Sep TF 1154.9, +0.1
Long 1 TF 1147.3, -1.4
Long 2 TF 1145.8, 1145.8, +1.0, +2.0
Short 1 NQ 4300.25, -3.0
Short 2 TF 1148.6, 1149.3, -1.4, -0.7
Short 2 ES 1946.5, 1946.5, +1.0, -1.0
Short 1 TF 1150.0, +1.5
Short 1 TF 1148.1, -0.2
Total ES -0.0
Total NQ -3.0
Total +0.9
Long 1 Sep TF 1154.9, +0.1
Long 1 TF 1147.3, -1.4
Long 2 TF 1145.8, 1145.8, +1.0, +2.0
Short 1 NQ 4300.25, -3.0
Short 2 TF 1148.6, 1149.3, -1.4, -0.7
Short 2 ES 1946.5, 1946.5, +1.0, -1.0
Short 1 TF 1150.0, +1.5
Short 1 TF 1148.1, -0.2
Total ES -0.0
Total NQ -3.0
Total +0.9
Fri Sep 11 Trade Summary
20150911
Short 1 TF 1148.0, -0.2
Short 1 TF 1148.1, +1.2
Long 2 TF 1146.6, 1146.7, 1146.3, 1145.9 -1.4, -0.0, +0.7, +0.7
Long 2 TF 1142.9, 1142.9, +0.7, +1.5
Short 1 TF 1144.7, -0.3
Total TF +2.9
Short 1 TF 1148.0, -0.2
Short 1 TF 1148.1, +1.2
Long 2 TF 1146.6, 1146.7, 1146.3, 1145.9 -1.4, -0.0, +0.7, +0.7
Long 2 TF 1142.9, 1142.9, +0.7, +1.5
Short 1 TF 1144.7, -0.3
Total TF +2.9
Thur Sep 10 Trade Summary
20150910
Short 3 TF 1148.6, 1149.5, 1150.5, -0.0, -0.0, +2.0
Long 1 TF 1147.8, +1.6
Long 2 TF 1147.4, 1146.9, +0.7, +2.0
Long 1 TF 1153.1, -1.0
Long 1 TF 1152.1, -0.0
Long 1 TF 1150.7, +1.5
Long 1 TF 1152.1, +1.9
Total TF +8.7
Short 3 TF 1148.6, 1149.5, 1150.5, -0.0, -0.0, +2.0
Long 1 TF 1147.8, +1.6
Long 2 TF 1147.4, 1146.9, +0.7, +2.0
Long 1 TF 1153.1, -1.0
Long 1 TF 1152.1, -0.0
Long 1 TF 1150.7, +1.5
Long 1 TF 1152.1, +1.9
Total TF +8.7
Wed Sep 9 Trades & Journal
20150909
Long 1 TF 1166.6, -0.0
Long 2 TF 1165.6, 1165.1, -1.5, -0.7
Long 1 TF 1163.0, +1.2
Long 1 TF 1162.6, -0.2,
Long 1 TF 1162.6, +1.5
Long 1 TF 1160.5, -0.5
Long 2 TF 1160.4, 1160.4, +0.7, -0.3
Long 1 TF 1160.4, -0.3
Long 1 TF 1159.4, -0.7
Long 1 TF 1159.1, +2.0
Long 1 TF 1159.9, -0.5
Long 2 TF 1154.5, 1154.3, -0.7, +0.5
Long 1 NQ 4307.5, -2.0
Long 2 NQ 4305.5, 4305.5, +2.0, +3.0
Short 2 TF 1158.7, 1159.3, -0.0, +1.0
Total NQ +3.0
Total TF +1.5
At the opening today, we fulfilled in the daily frame a minimum requirement for the correction back up from the August crash to be complete, and thus be open to selling, as I posted in the room just at the opening (albeit a more complete bounce gets one more wave up). But that doesn't get us in a futures short position in the smaller frame automatically at the open. For that we need more precise modeling. When selling is eager, ideal short entry level and structure models go often unfulfilled and unfilled. That leaves selling on breakdowns, and if not chosen correctly, those can be painfully choppy. Today, the best breakdown came right from an example in the book 'Pivots, Patterns...' ...and so all the more embarrassingly emphatic to have missed it. When faced with poor counter trend bounces, be sure to keep the losses small. Partial out more quickly, and keep an eye on the Inflection Levels for the breakdown opportunities. The bear is usually much faster and impulsive than the oft-grinding bull. Thus, an eye for these breakdown levels is critical for participation. Although I've personally called at least 4 of the last 2 bear markets, straining my credibility just a bit...ha! ....that doesn't preclude me from having to be ready to trade in such an environment as the bear structures require. Be ready to shift to those more appropriate models accordingly.
Long 1 TF 1166.6, -0.0
Long 2 TF 1165.6, 1165.1, -1.5, -0.7
Long 1 TF 1163.0, +1.2
Long 1 TF 1162.6, -0.2,
Long 1 TF 1162.6, +1.5
Long 1 TF 1160.5, -0.5
Long 2 TF 1160.4, 1160.4, +0.7, -0.3
Long 1 TF 1160.4, -0.3
Long 1 TF 1159.4, -0.7
Long 1 TF 1159.1, +2.0
Long 1 TF 1159.9, -0.5
Long 2 TF 1154.5, 1154.3, -0.7, +0.5
Long 1 NQ 4307.5, -2.0
Long 2 NQ 4305.5, 4305.5, +2.0, +3.0
Short 2 TF 1158.7, 1159.3, -0.0, +1.0
Total NQ +3.0
Total TF +1.5
At the opening today, we fulfilled in the daily frame a minimum requirement for the correction back up from the August crash to be complete, and thus be open to selling, as I posted in the room just at the opening (albeit a more complete bounce gets one more wave up). But that doesn't get us in a futures short position in the smaller frame automatically at the open. For that we need more precise modeling. When selling is eager, ideal short entry level and structure models go often unfulfilled and unfilled. That leaves selling on breakdowns, and if not chosen correctly, those can be painfully choppy. Today, the best breakdown came right from an example in the book 'Pivots, Patterns...' ...and so all the more embarrassingly emphatic to have missed it. When faced with poor counter trend bounces, be sure to keep the losses small. Partial out more quickly, and keep an eye on the Inflection Levels for the breakdown opportunities. The bear is usually much faster and impulsive than the oft-grinding bull. Thus, an eye for these breakdown levels is critical for participation. Although I've personally called at least 4 of the last 2 bear markets, straining my credibility just a bit...ha! ....that doesn't preclude me from having to be ready to trade in such an environment as the bear structures require. Be ready to shift to those more appropriate models accordingly.
Tues Sep 8 Trades and Journal
20150908
Short 1 TF 1150.9, +2.0
Long 1 TF 1149.3, +1.0
Short 1 TF 1153.4, +2.0
Total TF +5.0
Volatility usually accompanies clarity in the turns. As volatility wanes, so usually does the clarity in the entry models. Thus the importance in capturing as much of the excursion of the early trade opportunities as possible, lest the opps turn scant thereafter. The short at the early High-of-Day called for a 2nd unit minimum what with all 4 contracts flashing sell signals simultaneously. But I shied away and was left managing a 1 lot into what turned out to be the best excursion of the frame. Seize the moment. Fulfill the plan. Only bad habits reinforced otherwise.
Short 1 TF 1150.9, +2.0
Long 1 TF 1149.3, +1.0
Short 1 TF 1153.4, +2.0
Total TF +5.0
Volatility usually accompanies clarity in the turns. As volatility wanes, so usually does the clarity in the entry models. Thus the importance in capturing as much of the excursion of the early trade opportunities as possible, lest the opps turn scant thereafter. The short at the early High-of-Day called for a 2nd unit minimum what with all 4 contracts flashing sell signals simultaneously. But I shied away and was left managing a 1 lot into what turned out to be the best excursion of the frame. Seize the moment. Fulfill the plan. Only bad habits reinforced otherwise.
Fri Sep 4 Trade Summary
20150904
Short 1 TF 1136.1, -0.4
Short 1 TF 1138.0, +2.2
Long 2 TF 1132.7, 1132.4, +1.0, +2.0
Total TF +4.8
Short 1 TF 1136.1, -0.4
Short 1 TF 1138.0, +2.2
Long 2 TF 1132.7, 1132.4, +1.0, +2.0
Total TF +4.8
Thurs Sep 3 Trade Summary
20150903
Short 1 TF 1149.3, +1.1
Long 2 NQ 4273.0, 4273.0, +4.0, +7.0
Short 1 TF 1152.7, +1.0
Long 3 TF 1149.7, 1149.0, 1149.0, -0.0, +1.0, +2.0
Total NQ +11.0
Total TF 5.1
Short 1 TF 1149.3, +1.1
Long 2 NQ 4273.0, 4273.0, +4.0, +7.0
Short 1 TF 1152.7, +1.0
Long 3 TF 1149.7, 1149.0, 1149.0, -0.0, +1.0, +2.0
Total NQ +11.0
Total TF 5.1
Wed Sep 2 Trade Summary
20150902
Long 2 TF 1132.1, 1132.1, +1.0, +1.6
Long 1 TF 1132.5, +2.0
Total TF +4.6
Long 2 TF 1132.1, 1132.1, +1.0, +1.6
Long 1 TF 1132.5, +2.0
Total TF +4.6
Tues Sep 1 Trade Summary
20150901
Short 1 TF 1145.5, -1.4
Short 1 TF 1145.9, +2.0
Long 1 TF 1141.2, +2.0
Long 2 TF 1138.3, 1138.3, -0.0, -1.4
Long 1 TF 1138.3, -0.7
Long 1 TF 1138.5, -0.7
Long 1 TF 1134.9, +3.0
Total TF +3.1
Short 1 TF 1145.5, -1.4
Short 1 TF 1145.9, +2.0
Long 1 TF 1141.2, +2.0
Long 2 TF 1138.3, 1138.3, -0.0, -1.4
Long 1 TF 1138.3, -0.7
Long 1 TF 1138.5, -0.7
Long 1 TF 1134.9, +3.0
Total TF +3.1
Fri Jul 31 Trade Summary
Trade Summary
20150731
Short 1 TF 1235.5, +2.0
Total TF +2.0
The trade room will be closed during the month of August.
20150731
Short 1 TF 1235.5, +2.0
Total TF +2.0
The trade room will be closed during the month of August.
Thur Jul 30 Trade Summary
20150730
Long 1 YM 17560, +30
Long 1 NQ 4533.0, +8.0
Short 2 TF 1223.1, 1222.9, -0.2, -0.3
Long 2 TF 1220.5, 1220.8, -0.5, +1.0
Long 1 TF 1220.4, +2.0
Total YM +30
Total NQ +8.0
Total TF +2.0
Long 1 YM 17560, +30
Long 1 NQ 4533.0, +8.0
Short 2 TF 1223.1, 1222.9, -0.2, -0.3
Long 2 TF 1220.5, 1220.8, -0.5, +1.0
Long 1 TF 1220.4, +2.0
Total YM +30
Total NQ +8.0
Total TF +2.0
Wed Jul 29 Trade Summary
20150729
Long 1 NQ 4561.25, +6.0
Long 1 TF 1216.4, -0.1
Long 2 NQ 4550.25, 4551.5, +2.0, +6.0
Long 1 NQ 4548.25, -1.0
Long 3 NQ 4545.75, 4545.75, 4645.25, +2.0, +8.0, +2.0
Total NQ +25.0
Total TF -0.1
Long 1 NQ 4561.25, +6.0
Long 1 TF 1216.4, -0.1
Long 2 NQ 4550.25, 4551.5, +2.0, +6.0
Long 1 NQ 4548.25, -1.0
Long 3 NQ 4545.75, 4545.75, 4645.25, +2.0, +8.0, +2.0
Total NQ +25.0
Total TF -0.1
Tues Jul 28 Trade Summary
20150728
Long 1 ES 2065.5, +2.0
Long 3 TF 1203.2, 1203.0, 1202.6, -1.0, +1.0, +1.0
Long 1 TF 1201.8, -1.4
Long 1 NQ 4504.5, +8.0
Long 1 YM 17395, -10
Long 2 TF 1203.7, 1203.9, +4.0, +1.0
Total ES +2.0
Total YM -10
Total NQ +8.0
Total TF +4.6
Long 1 ES 2065.5, +2.0
Long 3 TF 1203.2, 1203.0, 1202.6, -1.0, +1.0, +1.0
Long 1 TF 1201.8, -1.4
Long 1 NQ 4504.5, +8.0
Long 1 YM 17395, -10
Long 2 TF 1203.7, 1203.9, +4.0, +1.0
Total ES +2.0
Total YM -10
Total NQ +8.0
Total TF +4.6
Mon Jul 27 Trade Summary
20150727
Long 2 YM 17321, 17321, +20, +40
Short 1 TF 1216.0, +2.0
Total YM +60
Total TF +2.0
Long 2 YM 17321, 17321, +20, +40
Short 1 TF 1216.0, +2.0
Total YM +60
Total TF +2.0
Fri Jul 24 Trade Summary
20150723
Long 1 TF 1235.2, -1.4
Short 1 NQ 4697.75, +2.0
Short 1 TF 1235.3, +1.4
Total NQ +2.0
Total TF -0.0
Long 1 TF 1235.2, -1.4
Short 1 NQ 4697.75, +2.0
Short 1 TF 1235.3, +1.4
Total NQ +2.0
Total TF -0.0
Thur Jul 23 Trade Summary
20150723
Long 4 TF 1255.4, 1254.9, 1253.8, 1254.2, -0.0, -0.0, +2.0, +0.7
Short 2 NQ 4621.75, 4621.50, -3.5, -3.75
Short 3 TF 1256.0, 1256.0, 1255.8, -0.4, -0.5, -0.6
Short 3 TF 1257.1, 1256.7, 1257.1, -0.6, -1.0, -0.6
Short 2 TF 1258.3, 1258.4, -0.3, -0.4
Short 1 TF 1260.0, +2.0
Total NQ -7.25
Total TF +0.3
Long 4 TF 1255.4, 1254.9, 1253.8, 1254.2, -0.0, -0.0, +2.0, +0.7
Short 2 NQ 4621.75, 4621.50, -3.5, -3.75
Short 3 TF 1256.0, 1256.0, 1255.8, -0.4, -0.5, -0.6
Short 3 TF 1257.1, 1256.7, 1257.1, -0.6, -1.0, -0.6
Short 2 TF 1258.3, 1258.4, -0.3, -0.4
Short 1 TF 1260.0, +2.0
Total NQ -7.25
Total TF +0.3
Wed Jul 22 Trade Summary
20150722
Short 1 TF 1248.6, -0.7
Short 1 ES 2108.0, -0.0
Long 1 TF 1248.7, +2.0
Short 1 YM 17832, +10
Short 1 TF 1253.6, -0.4
Short 1 TF 1253.4, +1.0
Long 2 TF 1251.9, 1251.7, -0.6, +0.5
Long 2 TF 1250.2, 1249.5, +0.5, +1.6
Total ES -0.0
Total YM +10
Total TF +3.9
Short 1 TF 1248.6, -0.7
Short 1 ES 2108.0, -0.0
Long 1 TF 1248.7, +2.0
Short 1 YM 17832, +10
Short 1 TF 1253.6, -0.4
Short 1 TF 1253.4, +1.0
Long 2 TF 1251.9, 1251.7, -0.6, +0.5
Long 2 TF 1250.2, 1249.5, +0.5, +1.6
Total ES -0.0
Total YM +10
Total TF +3.9
Tues Jul 21 Trades & Journal
20150721
Short 2 YM 1 17907, 17909, +7, +7
Short 2 TF 1263.2, 1263.2, +0.4, +2.0
Short 2 NQ 4677.5, 4677.25, +2.0, +7.0
Long 1 TF 1259.8, -1.4
Long 3 TF 1256.1, 1256.1, 1256.3, +0.7, +0.7, -0.7
Long 1 TF 1259.5, -0.5
Long 2 TF 1271.7, 1252.0, -0.5, -0.0
Long 2 TF 1250,6 1250.6, -0.4, -0.4
Long 3 TF 1247.7, 1247.7, 1247.5, +0.7, +1.0, +0.7
Total YM +14
Total NQ +9.0
Total TF +2.3
Numbers from a support / resistance grid--or as we call it: the Pivot-Exhaustion Grid--can play a double role. As some junctures, if price fails to hold at some, more critical levels, a 2nd trend or leg can ensue, and often in an impulsive, range expanding pattern. Those are the best breakouts to find, as they present opportunities for quick gains. Those trades can also lend a great deal of satisfaction to trading. It makes you feel you are in the cognoscenti, or even one of Minority Report's 'precogs', with prescience of what's about to happen. This can be very dangerous to your health, as the feeling of gratification that comes from picking the right breakouts is so strong that it draws you back to places where such trades only fail and cause you losses. Nature loves to hide, and the poorer performing breakouts far too often arrive with the kind of action that brings too many to the expectation of the breakout. Therefore, the best breakouts tend to come in disguise of support/resistance numbers that look too formidable to break, and therefore are far less expected. Take note of your head at such junctures. "Most of the opportunity that is missed in the market is missed by traders who could not concede that the action would go the expected distance--but in the opposite direction."
Short 2 YM 1 17907, 17909, +7, +7
Short 2 TF 1263.2, 1263.2, +0.4, +2.0
Short 2 NQ 4677.5, 4677.25, +2.0, +7.0
Long 1 TF 1259.8, -1.4
Long 3 TF 1256.1, 1256.1, 1256.3, +0.7, +0.7, -0.7
Long 1 TF 1259.5, -0.5
Long 2 TF 1271.7, 1252.0, -0.5, -0.0
Long 2 TF 1250,6 1250.6, -0.4, -0.4
Long 3 TF 1247.7, 1247.7, 1247.5, +0.7, +1.0, +0.7
Total YM +14
Total NQ +9.0
Total TF +2.3
Numbers from a support / resistance grid--or as we call it: the Pivot-Exhaustion Grid--can play a double role. As some junctures, if price fails to hold at some, more critical levels, a 2nd trend or leg can ensue, and often in an impulsive, range expanding pattern. Those are the best breakouts to find, as they present opportunities for quick gains. Those trades can also lend a great deal of satisfaction to trading. It makes you feel you are in the cognoscenti, or even one of Minority Report's 'precogs', with prescience of what's about to happen. This can be very dangerous to your health, as the feeling of gratification that comes from picking the right breakouts is so strong that it draws you back to places where such trades only fail and cause you losses. Nature loves to hide, and the poorer performing breakouts far too often arrive with the kind of action that brings too many to the expectation of the breakout. Therefore, the best breakouts tend to come in disguise of support/resistance numbers that look too formidable to break, and therefore are far less expected. Take note of your head at such junctures. "Most of the opportunity that is missed in the market is missed by traders who could not concede that the action would go the expected distance--but in the opposite direction."
Fri Jul 17 Trade Summary
20150717
Long 1 TF 1269.2, -1.0
Long 1 YM 17970, -5
Short 1 NQ 4624.75, -2.0
Short 1 NQ 4625.5, -2.0
Short 2 NQ 4631.0, 4631.5, +5.0, +2.0
Long 2 TF 1263.2, 1263.4, +0.7, +1.7
Long 2 TF 1264.6, 1263.2, -0.0, +1.9
Total YM -5
Total NQ +3.0
Total TF +3.3
Long 1 TF 1269.2, -1.0
Long 1 YM 17970, -5
Short 1 NQ 4624.75, -2.0
Short 1 NQ 4625.5, -2.0
Short 2 NQ 4631.0, 4631.5, +5.0, +2.0
Long 2 TF 1263.2, 1263.4, +0.7, +1.7
Long 2 TF 1264.6, 1263.2, -0.0, +1.9
Total YM -5
Total NQ +3.0
Total TF +3.3
Thur Jul 16 Trade Summary
20150716
Long 1 TF 1267.4, +1.6
Short 2 TF 1270.3, 1271.3, -1.5, -0.7
Short 1 TF 1273.4, +2.0
Long 2 TF 1270.2, 1268.8, +0.7, +0.7
Long 1 TF 1269.9, +1.2
Total TF +4.0
Long 1 TF 1267.4, +1.6
Short 2 TF 1270.3, 1271.3, -1.5, -0.7
Short 1 TF 1273.4, +2.0
Long 2 TF 1270.2, 1268.8, +0.7, +0.7
Long 1 TF 1269.9, +1.2
Total TF +4.0
Wed Jul 15 Trade Summary
20150715
Short 2 TF 1168.9, 1268.8, +0.7, +1.7
Short 1 TF 1269.1, +1.0
Total TF +3.4
Short 2 TF 1168.9, 1268.8, +0.7, +1.7
Short 1 TF 1269.1, +1.0
Total TF +3.4
Tues Jul 14 Trade Summary
20150714
Long 1 TF 1261.2, +1.3
Short 1 ES 2095.75, -1.5
Short 2 TF 1264.7, 1264.5, +0.7, -0.2
Short 1 TF 1265.4, +1.6
Short 1 TF 1265.0, +0.9
Short 1 TF 1266.1, +1.0
Short 1 NQ 4510.25, +3.0
Total ES -1.5
Total NQ +3.0
Total TF +5.3
Long 1 TF 1261.2, +1.3
Short 1 ES 2095.75, -1.5
Short 2 TF 1264.7, 1264.5, +0.7, -0.2
Short 1 TF 1265.4, +1.6
Short 1 TF 1265.0, +0.9
Short 1 TF 1266.1, +1.0
Short 1 NQ 4510.25, +3.0
Total ES -1.5
Total NQ +3.0
Total TF +5.3
Mon Jul 13 Trade Summary
20150713
Short 1 NQ 4464.75, -2.0
Short 2 TF 1258.7, 1259.2, -1.7, -0.7
Short 2 TF 1260.5, 1260.6, +3.0, +1.2
Short 1 TF 1260.2, +1.7
Long 1 NQ 4469.5, -0.5
Long 1 NQ 4468.25, +2.0
Total NQ -0.5
Total TF +3.8
Short 1 NQ 4464.75, -2.0
Short 2 TF 1258.7, 1259.2, -1.7, -0.7
Short 2 TF 1260.5, 1260.6, +3.0, +1.2
Short 1 TF 1260.2, +1.7
Long 1 NQ 4469.5, -0.5
Long 1 NQ 4468.25, +2.0
Total NQ -0.5
Total TF +3.8
Fri Jul 10 Trade Summary
20150710
Long 1 TF 1245.6, -1.4
Long 1 TF 1244.0, +0.5
Long 1 TF 1243.7, -0.0
Short 1 TF 1243.2, -0.7
Short 1 TF 1245.4, +2.3
Long 1 TF 1242.3, +1.0
Short 1 ES 2064.5, +2.0
Short 2 YM 17632, 17632, +7, +22
Short 2 NQ 4389.75, 4390.75, +2.0, +3.0
Total ES +2.0
Total YM +29
Total NQ +5.0
Total TF +1.7
Long 1 TF 1245.6, -1.4
Long 1 TF 1244.0, +0.5
Long 1 TF 1243.7, -0.0
Short 1 TF 1243.2, -0.7
Short 1 TF 1245.4, +2.3
Long 1 TF 1242.3, +1.0
Short 1 ES 2064.5, +2.0
Short 2 YM 17632, 17632, +7, +22
Short 2 NQ 4389.75, 4390.75, +2.0, +3.0
Total ES +2.0
Total YM +29
Total NQ +5.0
Total TF +1.7
Wed Jul 8 Trades & Journal
20150708
Long 1 NQ 4385.5, -3.0
Long 2 NQ 4379.5, 4380.5, +6.0, +3.0
Long 2 NQ 4381.0, 4379.5, -2.0, -2.0
Long 2 NQ 4365.0, 4365.0, +2.0, -2.0
Long 2 TF 1230.8, 1230.8, +0.7, +3.0
Long 3 NQ 4363.75, 4363.75, 4362.75, +2.0, -2.0, -2.0
Long 3 TF 1229.8, 1229.1, 1228.9, +0.7, +2.0, -0.5
Short 1 TF 1234.9, +1.4
Long 1 TF 1232.3, -0.0
Long 2 TF 1231.4, 1230.4, -1.4, -0.4
Long 2 TF 1229.8, 1229.8, -0.4, -0.4
Long 2 TF 1229.4, 1229.4, -0.5, -0.5
Long 3 TF 1229.4, 1229.4, 1228.7, -1.4, -1.4, -0.7
Long 2 TF 1229.7, 1228.7, -0.3, -0.3
Long 2 TF 1228.4, 1228.4, +2.1, +2.1
Total NQ +0.0
Total TF +3.8
Over-trading is a disgusting disease. It takes over your head usually when you find yourself trying to recoup a loss, and believe you see the same buy or sell opportunity repeat itself in succession, but only to stop out repeatedly as the market fails to produce the expected result. And to add to it, I already had a days profit goal as the 1st Frame came to an end. I made the mistake of taking one more trade because I thought I understood it. It was cocky. Then I took another to try to make back the loss when that one extra trade failed, but that trade failed too. I gave back all my profits before I finally found a winner, recouping just about half the day. Pyrrhic victories leave little satisfaction and usually less compensation. Quit when you've reached your goal, especially if it's at the end of the Frame your Trade Plan is limited to.
Long 1 NQ 4385.5, -3.0
Long 2 NQ 4379.5, 4380.5, +6.0, +3.0
Long 2 NQ 4381.0, 4379.5, -2.0, -2.0
Long 2 NQ 4365.0, 4365.0, +2.0, -2.0
Long 2 TF 1230.8, 1230.8, +0.7, +3.0
Long 3 NQ 4363.75, 4363.75, 4362.75, +2.0, -2.0, -2.0
Long 3 TF 1229.8, 1229.1, 1228.9, +0.7, +2.0, -0.5
Short 1 TF 1234.9, +1.4
Long 1 TF 1232.3, -0.0
Long 2 TF 1231.4, 1230.4, -1.4, -0.4
Long 2 TF 1229.8, 1229.8, -0.4, -0.4
Long 2 TF 1229.4, 1229.4, -0.5, -0.5
Long 3 TF 1229.4, 1229.4, 1228.7, -1.4, -1.4, -0.7
Long 2 TF 1229.7, 1228.7, -0.3, -0.3
Long 2 TF 1228.4, 1228.4, +2.1, +2.1
Total NQ +0.0
Total TF +3.8
Over-trading is a disgusting disease. It takes over your head usually when you find yourself trying to recoup a loss, and believe you see the same buy or sell opportunity repeat itself in succession, but only to stop out repeatedly as the market fails to produce the expected result. And to add to it, I already had a days profit goal as the 1st Frame came to an end. I made the mistake of taking one more trade because I thought I understood it. It was cocky. Then I took another to try to make back the loss when that one extra trade failed, but that trade failed too. I gave back all my profits before I finally found a winner, recouping just about half the day. Pyrrhic victories leave little satisfaction and usually less compensation. Quit when you've reached your goal, especially if it's at the end of the Frame your Trade Plan is limited to.
Tues Jul 7 Trades & Journal
20150707
Long 2 TF 1233.9, 1233.6, -0.9, +0.7
Long 4 TF 1232.3, 1232.3, 1231.5, 1231.5, +0.2, +0.1, +2.0, +1.9
Long 1 TF 1231.8, -0.7
Long 1 TF 1231.5, -0.5
Long 1 TF 1231.8, -0.9
Short 1 TF 1230.5, -0.0
Long 1 TF 1229.0, -0.7
Long 3 TF 1227.6, 1227.6, 1227.4, -0.7, -0.7, +0.7
Long 1 ES 2043.0, -1.5
Long 2 TF 1225.7, 1225.7, -0.5, -0.5
Long 2 TF 1222.6, 1222.6, -0.7, -0.7
Long 3 TF 1222.3, 1222.3, 1223.6, +3.0, +3.5, +2.0
Total ES -1.5
Total TF +6.6
Low volatility days can put you to sleep. You almost forget how to trade bigger volatility. And the absence of real bear market development does the same. ...then, it reappears. Today, all four contracts created pre-break pause patterns simultaneously for bear leg trigger. I recognized the juncture. Went long, and then did, in fact, go short as the Trade Plan prescribed. But then I lost faith once I was triggered into the short, and backed out the short at break-even... only to watch the expected bear leg tack on a further 10 pt decline ....without me. Whether this show of bear fur is really the beginning of a greater period of volatility and steep impulse action is unknowable. And I'm guilty of calling at least 6 of the last 0 bear markets the past few years... at least in my head, if not out loud in the trade room. But it's not a matter of if the bear returns, but only a matter of when. And with all the Hindenburg sell signals that have appeared in the last weeks, a bear is now very likely only matter of days away. When it comes, the impulse moves tend to be strong, and one must master and have faith in the breakdown signal levels when they appear, as counter trend fades can be far more difficult and costly once those impulse breaks do appear.
Long 2 TF 1233.9, 1233.6, -0.9, +0.7
Long 4 TF 1232.3, 1232.3, 1231.5, 1231.5, +0.2, +0.1, +2.0, +1.9
Long 1 TF 1231.8, -0.7
Long 1 TF 1231.5, -0.5
Long 1 TF 1231.8, -0.9
Short 1 TF 1230.5, -0.0
Long 1 TF 1229.0, -0.7
Long 3 TF 1227.6, 1227.6, 1227.4, -0.7, -0.7, +0.7
Long 1 ES 2043.0, -1.5
Long 2 TF 1225.7, 1225.7, -0.5, -0.5
Long 2 TF 1222.6, 1222.6, -0.7, -0.7
Long 3 TF 1222.3, 1222.3, 1223.6, +3.0, +3.5, +2.0
Total ES -1.5
Total TF +6.6
Low volatility days can put you to sleep. You almost forget how to trade bigger volatility. And the absence of real bear market development does the same. ...then, it reappears. Today, all four contracts created pre-break pause patterns simultaneously for bear leg trigger. I recognized the juncture. Went long, and then did, in fact, go short as the Trade Plan prescribed. But then I lost faith once I was triggered into the short, and backed out the short at break-even... only to watch the expected bear leg tack on a further 10 pt decline ....without me. Whether this show of bear fur is really the beginning of a greater period of volatility and steep impulse action is unknowable. And I'm guilty of calling at least 6 of the last 0 bear markets the past few years... at least in my head, if not out loud in the trade room. But it's not a matter of if the bear returns, but only a matter of when. And with all the Hindenburg sell signals that have appeared in the last weeks, a bear is now very likely only matter of days away. When it comes, the impulse moves tend to be strong, and one must master and have faith in the breakdown signal levels when they appear, as counter trend fades can be far more difficult and costly once those impulse breaks do appear.
Mon Jul 6 Trade Summary
20150706
Long 1 TF 1236.4, +1.6
Short 1 ES 2059.0, +2.0
Short 2 TF 1242.7, 1242.4, +0.7, -0.7
Short 2 TF 1242.8, 1242.7, +0.7, -0.7
Short 3 TF 1243.6, 1244.0, 1243.5, +0.7, +0.7, +0.7
Short 1 TF 1245.2, -0.0
Short 4 TF 1246.3, 1247.2, 1247.0, 1247.2, -0.0, +0.7, -1.1, -0.7
Short 2 TF 1247.8, 1247.8, -0.7, -0.7
short 2 YM 17636, 17635, +7, +15
Long 1 TF 1243.1, -1.0
Long 2 TF 1241.5, 1241.5, +0.5, -0.8
Long 4 TF 1241.1, 1240.9, 1240.6, 1240.1, -0.0, -0.0, +0.7, +1.6
Total ES +2.0
Total YM +22
Total TF +2.2
Long 1 TF 1236.4, +1.6
Short 1 ES 2059.0, +2.0
Short 2 TF 1242.7, 1242.4, +0.7, -0.7
Short 2 TF 1242.8, 1242.7, +0.7, -0.7
Short 3 TF 1243.6, 1244.0, 1243.5, +0.7, +0.7, +0.7
Short 1 TF 1245.2, -0.0
Short 4 TF 1246.3, 1247.2, 1247.0, 1247.2, -0.0, +0.7, -1.1, -0.7
Short 2 TF 1247.8, 1247.8, -0.7, -0.7
short 2 YM 17636, 17635, +7, +15
Long 1 TF 1243.1, -1.0
Long 2 TF 1241.5, 1241.5, +0.5, -0.8
Long 4 TF 1241.1, 1240.9, 1240.6, 1240.1, -0.0, -0.0, +0.7, +1.6
Total ES +2.0
Total YM +22
Total TF +2.2
Thurs Jul 2 Trade Summary
20150702
Short 1 NQ 4432.5, +2.0
Long 1 NQ 4433.0, -2.5
Long 2 NQ 4429.0, +5.0
Short 1 NQ 4435.5, +7.0
Long 2 TF 1248.7, 1248.9, +0.7, +1.0
Short 1 TF 1251.1, +0.5
Long 1 NQ 4421.0, +4.0
Long 1 TF 1250.1, -0.5
Long 2 TF 1249.0, 1248.5, +0.7, +1.5
Short 1 TF 1250.1, +0.9
Long 1 NQ 4420.0, +2.0
Total NQ +17.5
Total TF +4.8
Short 1 NQ 4432.5, +2.0
Long 1 NQ 4433.0, -2.5
Long 2 NQ 4429.0, +5.0
Short 1 NQ 4435.5, +7.0
Long 2 TF 1248.7, 1248.9, +0.7, +1.0
Short 1 TF 1251.1, +0.5
Long 1 NQ 4421.0, +4.0
Long 1 TF 1250.1, -0.5
Long 2 TF 1249.0, 1248.5, +0.7, +1.5
Short 1 TF 1250.1, +0.9
Long 1 NQ 4420.0, +2.0
Total NQ +17.5
Total TF +4.8
Wed Jul 1 Trade Summary
20150701
Long 1 TF 1259.3, -0.5
Long 2 TF 1255.3, 1254.8, +1.2, +1.2
Short 1 TF 1256.6, -1.2
Short 2 TF 1259.0, 1259.0, +0.5, -0.7
Short 1 NQ 4433.75, -2.5
Long 1 NQ 4432.25, -2.0
Long 2 TF 1259.9, 1260.1, -0.7, -0.7
Long 1 NQ 4428.5, +5.0
Long 2 TF 1258.6, 1258.6, -1.4, -1.4
Long 3 TF 1257.9, 1257.9, 1257.8, +1.8, +1.8, +1.9
Long 1 NQ 4422.25, -2.0
Long 1 TF 1255.8, +1.5
Long 1 TF 1255.8, -0.8
Long 2 TF 1253.6, 1253.6, -0.7, -0.7
Long 2 TF 1253.1, 1253.1, +1.4, +1.7
Total NQ -1.5
Total TF +4.2
Long 1 TF 1259.3, -0.5
Long 2 TF 1255.3, 1254.8, +1.2, +1.2
Short 1 TF 1256.6, -1.2
Short 2 TF 1259.0, 1259.0, +0.5, -0.7
Short 1 NQ 4433.75, -2.5
Long 1 NQ 4432.25, -2.0
Long 2 TF 1259.9, 1260.1, -0.7, -0.7
Long 1 NQ 4428.5, +5.0
Long 2 TF 1258.6, 1258.6, -1.4, -1.4
Long 3 TF 1257.9, 1257.9, 1257.8, +1.8, +1.8, +1.9
Long 1 NQ 4422.25, -2.0
Long 1 TF 1255.8, +1.5
Long 1 TF 1255.8, -0.8
Long 2 TF 1253.6, 1253.6, -0.7, -0.7
Long 2 TF 1253.1, 1253.1, +1.4, +1.7
Total NQ -1.5
Total TF +4.2
Tues Jun 30 Trade Summary
20150630
Long 1 NQ 4396.0, -2.0
Short 1 TF 1251.0, +1.5
Long 1 TF 1247.5, 1247.0, +1.2, +1.5
Long 1 TF 1246.3, -0.4
Long 2 TF 1246.0, 1246.0, +1.0, +1.5
Long 1 TF 1245.4, +2.0
Total NQ -2.0
Total TF +8.3
Long 1 NQ 4396.0, -2.0
Short 1 TF 1251.0, +1.5
Long 1 TF 1247.5, 1247.0, +1.2, +1.5
Long 1 TF 1246.3, -0.4
Long 2 TF 1246.0, 1246.0, +1.0, +1.5
Long 1 TF 1245.4, +2.0
Total NQ -2.0
Total TF +8.3
Mon Jun 29 Trade Summary
20150629
Long 1 NQ 4423.0, +8.0
Long 1 TF 1266.3, +2.0
Short 1 NQ 4440.25, -2.0
Short 1 TF 1271.5, +1.0
Long 1 TF 1266.0, +2.0
Total NQ +6.0
Total TF +5.0
Long 1 NQ 4423.0, +8.0
Long 1 TF 1266.3, +2.0
Short 1 NQ 4440.25, -2.0
Short 1 TF 1271.5, +1.0
Long 1 TF 1266.0, +2.0
Total NQ +6.0
Total TF +5.0
Fri Jun 26 Trade Summary
20150626
Long 1 YM 17834, +20
Short 2 TF 1282.4, 1282.3, -1.5, +0.7
Short 2 TF 1284.0, 1284.1, +2.0, +0.7
Long 2 TF 1279.4, 1279.5, +0.7, -0.7
Long 2 TF 1278.1, 1277.8, +1.5, +1.0
Long 1 TF 1276.6, -0.3
Long 1 TF 1275.6, +2.0
Total YM +20
Total TF +6.1
Long 1 YM 17834, +20
Short 2 TF 1282.4, 1282.3, -1.5, +0.7
Short 2 TF 1284.0, 1284.1, +2.0, +0.7
Long 2 TF 1279.4, 1279.5, +0.7, -0.7
Long 2 TF 1278.1, 1277.8, +1.5, +1.0
Long 1 TF 1276.6, -0.3
Long 1 TF 1275.6, +2.0
Total YM +20
Total TF +6.1
Thurs Jun 25 Trade Summary
20150625
Long 1 NQ 4523.25, -2.0
Long 2 TF 1279.6, 1279.6, -0.0, -0.0
Long 2 TF 1279.1, 1279.2, +0.7, +1.0
Short 2 NQ 4528.0, 4528.5, +3.0, +2.0
Long 1 TF 1279.2, -0.7
Short 1 NQ 4532.25, +2.0
Short 1 NQ 4532.25, -2.0
Short 2 YM 18914, 18914, +7, +20
Short 1 TF 1279.5, -0.7
Short 2 TF 1281.6, 1281.5, -0.4, -0.5
Short 3 TF 1282.9, 1282.7, 1283.6, +0.7, -0.0, +1.6
Total YM +27
Total NQ +3.0
Total TF +1.7
Long 1 NQ 4523.25, -2.0
Long 2 TF 1279.6, 1279.6, -0.0, -0.0
Long 2 TF 1279.1, 1279.2, +0.7, +1.0
Short 2 NQ 4528.0, 4528.5, +3.0, +2.0
Long 1 TF 1279.2, -0.7
Short 1 NQ 4532.25, +2.0
Short 1 NQ 4532.25, -2.0
Short 2 YM 18914, 18914, +7, +20
Short 1 TF 1279.5, -0.7
Short 2 TF 1281.6, 1281.5, -0.4, -0.5
Short 3 TF 1282.9, 1282.7, 1283.6, +0.7, -0.0, +1.6
Total YM +27
Total NQ +3.0
Total TF +1.7
Wed Jun 24 Trade Summary
20150624
Long 3 TF 1288.9, 1287.5, 1287.4, -1.4, -0.1, +1.0
Long 1 NQ 4538.50, -2.0
Short 1 TF 1288.1, +1.5
Long 1 TF 1286.2, +1.8
Short 1 TF 1285.8, -0.2
Total NQ -2.0
Total TF +2.6
Long 3 TF 1288.9, 1287.5, 1287.4, -1.4, -0.1, +1.0
Long 1 NQ 4538.50, -2.0
Short 1 TF 1288.1, +1.5
Long 1 TF 1286.2, +1.8
Short 1 TF 1285.8, -0.2
Total NQ -2.0
Total TF +2.6
Tues Jun 23 Trade Summary
20150623
Long 1 TF 1288.1, -0.1
Short 1 TF 1287.5, -0.6
Long 1 TF 1287.5, -0.6
Long 1 NQ 4533.5, +6.0
Long 1 YM 18068, 18067, 18057, +2, +3, +7
Long 2 NQ 4527.25, 4527.0, -1.5, +2.0
Short 1 TF 1284.9, -0.2
Short 1 NQ 4525.5, +1.5
Long 2 YM 18052, 18047, +10, +7,
Long 2 YM 18052, 18047, -8, +7
Total YM +28
Total NQ +8.0
Total TF -1.5
Long 1 TF 1288.1, -0.1
Short 1 TF 1287.5, -0.6
Long 1 TF 1287.5, -0.6
Long 1 NQ 4533.5, +6.0
Long 1 YM 18068, 18067, 18057, +2, +3, +7
Long 2 NQ 4527.25, 4527.0, -1.5, +2.0
Short 1 TF 1284.9, -0.2
Short 1 NQ 4525.5, +1.5
Long 2 YM 18052, 18047, +10, +7,
Long 2 YM 18052, 18047, -8, +7
Total YM +28
Total NQ +8.0
Total TF -1.5
Mon Jun 22 Trade Summary
20150622
Short 1 NQ 4538.76, -3.0
Short 3 TF 1285.9, 1286.9, 1287.3, -1.4, -0.7, -0.4
Short 1 NQ 4540.5, -3.0
Short 2 TF 1287.6, 1287.6, +0.7, -0.7
Long 1 TF 1287.9, +0.7
Long 1 TF 1286.4, -0.7
Short 1 YM 18074, -7
Short 2 NQ 4543.75, 4543.75, +2.0, +7.0
Long 1 TF 1285.7, -0.6
Long 1 TF 1284.4, +1.5
Total YM -7
Total NQ +3.0
Total TF -1.6
Short 1 NQ 4538.76, -3.0
Short 3 TF 1285.9, 1286.9, 1287.3, -1.4, -0.7, -0.4
Short 1 NQ 4540.5, -3.0
Short 2 TF 1287.6, 1287.6, +0.7, -0.7
Long 1 TF 1287.9, +0.7
Long 1 TF 1286.4, -0.7
Short 1 YM 18074, -7
Short 2 NQ 4543.75, 4543.75, +2.0, +7.0
Long 1 TF 1285.7, -0.6
Long 1 TF 1284.4, +1.5
Total YM -7
Total NQ +3.0
Total TF -1.6
Fri Jun 19 Trade Summary
20150619
Short 2 NQ 4518.5, 4518.5, +2.0, +4.0
Short 2 TF 1280.0, 1280.0, +0.5, -0.2
Short 1 TF 1281.4, -0.2
Short 2 TF 1282.1, 1282.0, +0.7, +0.4
Total NQ +6.0
Total TF +1.2
Short 2 NQ 4518.5, 4518.5, +2.0, +4.0
Short 2 TF 1280.0, 1280.0, +0.5, -0.2
Short 1 TF 1281.4, -0.2
Short 2 TF 1282.1, 1282.0, +0.7, +0.4
Total NQ +6.0
Total TF +1.2
Thurs Jun 18 Trade Summary
0150618
Long 2 NQ 4488.75, 4488.75, +2.0, +10.0
Short 2 TF 1273.5, 1273.7, -1.1, -1.0
Short 2 TF 1275.2, 1275.2, +0.7, -0.3
Short 2 YM 18014, 18015, +11, +7
Short 1 TF 1275.8, +1.0
Short 1 TF 1276.4, +1.4
Short 2 NQ 4522.5, 4523.25, -1.0, -1.5
Short 2 YM 18052, 18052, -6, -6
Short 1 TF 1278.2, -0.7
Short 3 TF 1280.2, 1280.1, 1280.2, +0.5, , -0.3, +0.4
Short 2 TF 1281.0, 1280.9, -0.4, -0.0
Short 1 TF 1281.1, -0.4
Total YM +6
Total NQ +10.5
Total TF -0.2
Long 2 NQ 4488.75, 4488.75, +2.0, +10.0
Short 2 TF 1273.5, 1273.7, -1.1, -1.0
Short 2 TF 1275.2, 1275.2, +0.7, -0.3
Short 2 YM 18014, 18015, +11, +7
Short 1 TF 1275.8, +1.0
Short 1 TF 1276.4, +1.4
Short 2 NQ 4522.5, 4523.25, -1.0, -1.5
Short 2 YM 18052, 18052, -6, -6
Short 1 TF 1278.2, -0.7
Short 3 TF 1280.2, 1280.1, 1280.2, +0.5, , -0.3, +0.4
Short 2 TF 1281.0, 1280.9, -0.4, -0.0
Short 1 TF 1281.1, -0.4
Total YM +6
Total NQ +10.5
Total TF -0.2
Wed Jun 17 Trade Summary
20150617
Long 2 TF 1269.1, 1269.2, +0.7, -0.7
Long 3 TF 1268.7, 1269.2, 1268.7, -0.0, +0.7, -0.0
Long 2 TF 1267.4, 1267.7, +0.7, -0.7
Long 1 TF 1267.1, -0.3
Long 3 TF 1267.3, 1266.7, 1266.5 -0.0, -0.5, +0.7
Long 2 TF 1266.3, 1266.3, +1.0, +1.4
Total TF +3.0
Long 2 TF 1269.1, 1269.2, +0.7, -0.7
Long 3 TF 1268.7, 1269.2, 1268.7, -0.0, +0.7, -0.0
Long 2 TF 1267.4, 1267.7, +0.7, -0.7
Long 1 TF 1267.1, -0.3
Long 3 TF 1267.3, 1266.7, 1266.5 -0.0, -0.5, +0.7
Long 2 TF 1266.3, 1266.3, +1.0, +1.4
Total TF +3.0
Tues Jun 16 Trade Summary
20150616
Long 2 YM 17710, 17710, +7, +20
Long 1 TF 1258.1, +1.0
Long 1 TF 1256.8, -0.7
Short 1 TF 1259.8, +1.7
Long 1 YM 17740, -7
Long 2 YM 17723, 17723, -10, -10
Long 3 YM 17712, 17712, 17712, +20, +20, +20
Total YM +60
Total TF +2.0
Long 2 YM 17710, 17710, +7, +20
Long 1 TF 1258.1, +1.0
Long 1 TF 1256.8, -0.7
Short 1 TF 1259.8, +1.7
Long 1 YM 17740, -7
Long 2 YM 17723, 17723, -10, -10
Long 3 YM 17712, 17712, 17712, +20, +20, +20
Total YM +60
Total TF +2.0
Mon Trade Summary
20150615
Short 1 TF 1241.9, +2.5
Short 2 TF 1244.2, 1244.9, -0.0, -0.5
Short 1 TF 1245.5, -0.6
Short 1 TF 1248.4, +1.2
Short 1 TF 1252.2, +0.7
Short 1 TF 1256.7, +0.5
Total TF +3.8
Short 1 TF 1241.9, +2.5
Short 2 TF 1244.2, 1244.9, -0.0, -0.5
Short 1 TF 1245.5, -0.6
Short 1 TF 1248.4, +1.2
Short 1 TF 1252.2, +0.7
Short 1 TF 1256.7, +0.5
Total TF +3.8
Thurs Jun 11 Trades & Journal
20150611
Long 1 NQ 4499.0, +10.0
Short 1 TF 1269.7, -0.4
Long 4 TF 1267.3, 1267.5, 1267.0, 1266.9, -1.4, -0.0, -1.4, -1.4
Long 3 TF 1265.3, 1265.3, 1265.3, +2.2, +2.2, +2.2
Long 2 TF 1266.4, 1265.8, -0.0, -0.2
Long 1 TF 1265.7, +1.3
Total NQ +10.0
Total TF +3.0
Two Persistent Trend Days in the same direction seldom follow each other back to back. But if even a correction / consolidation is likely, that doesn't mean the turns will necessarily be clear. And today, although better prepared that the previous 2 days to take breakouts, the one clean breakdown action was not accompanied by the Trade Plan aspects that were called for. Don't go to sleep on your models just because they don't appear everyday... especially those of your more selective breakout set. They'll reappear....and probably on a day you're least expecting them ....on a day when you've forgotten to keep them fresh. Nature loves to hide.
Long 1 NQ 4499.0, +10.0
Short 1 TF 1269.7, -0.4
Long 4 TF 1267.3, 1267.5, 1267.0, 1266.9, -1.4, -0.0, -1.4, -1.4
Long 3 TF 1265.3, 1265.3, 1265.3, +2.2, +2.2, +2.2
Long 2 TF 1266.4, 1265.8, -0.0, -0.2
Long 1 TF 1265.7, +1.3
Total NQ +10.0
Total TF +3.0
Two Persistent Trend Days in the same direction seldom follow each other back to back. But if even a correction / consolidation is likely, that doesn't mean the turns will necessarily be clear. And today, although better prepared that the previous 2 days to take breakouts, the one clean breakdown action was not accompanied by the Trade Plan aspects that were called for. Don't go to sleep on your models just because they don't appear everyday... especially those of your more selective breakout set. They'll reappear....and probably on a day you're least expecting them ....on a day when you've forgotten to keep them fresh. Nature loves to hide.
Wed Jun 10 Trades & Journal
20150610
Short 1 TF 1255.4, -0.7
Long 2 YM 17841, 17841, +20, +20
Short 1 NQ 4447.5, -1.5
Short 2 TF 1260.3, 1260.4, -0.9, +0.7
Short 1 NQ 4453.5, -0.0
Long 2 TF 1260.5, 1260.4, +1.7, +0.5
Short 1 TF 1261.1, -0.6
Short 1 YM 17938, -7
Short 1 TF 1267.0, -0.2
Short 1 TF 1266.9, -0.4
Short 1 TF 1267.2, -0.4
Long 2 TF 1166.7, 1166.6, +1.5, +0.7
Total YM +33
Total NQ -1.5
Total TF +1.9
The Persistent Trend Model is often the most difficult to trade of all. On those days, breakout players look like they knew what they were doing, and fade traders are full of stp-outs in their port. What often hurts worse than the stp-outs, however, are the breakouts that you missed when filters aligned, as I did in at least one key place, or in early pullback and/or ORB breakout trades that you succeeded in identifying and entering, but failed to hold for the full excursion the Persistent Trend offers to those of greater patience. I suffer more personal annoyance at the breakout trades I missed than the early trades I failed to make into runners, since most days are not of the Persistent Trend model and those runners turn out to be break-even stp-outs and wasteful of nice paper profits. It's the breakout opportunities that I miss that get me most, and peak my resolve to do better. Today, I resolve to keep the filter checklist in front of me, and review it not only before the day begins, but when faced with those fork-in-the-road opportunities we call Inflection levels that should be played first as fades, but with the added stp-n-reverse provision to get back into trend should they fail to reverse.
Short 1 TF 1255.4, -0.7
Long 2 YM 17841, 17841, +20, +20
Short 1 NQ 4447.5, -1.5
Short 2 TF 1260.3, 1260.4, -0.9, +0.7
Short 1 NQ 4453.5, -0.0
Long 2 TF 1260.5, 1260.4, +1.7, +0.5
Short 1 TF 1261.1, -0.6
Short 1 YM 17938, -7
Short 1 TF 1267.0, -0.2
Short 1 TF 1266.9, -0.4
Short 1 TF 1267.2, -0.4
Long 2 TF 1166.7, 1166.6, +1.5, +0.7
Total YM +33
Total NQ -1.5
Total TF +1.9
The Persistent Trend Model is often the most difficult to trade of all. On those days, breakout players look like they knew what they were doing, and fade traders are full of stp-outs in their port. What often hurts worse than the stp-outs, however, are the breakouts that you missed when filters aligned, as I did in at least one key place, or in early pullback and/or ORB breakout trades that you succeeded in identifying and entering, but failed to hold for the full excursion the Persistent Trend offers to those of greater patience. I suffer more personal annoyance at the breakout trades I missed than the early trades I failed to make into runners, since most days are not of the Persistent Trend model and those runners turn out to be break-even stp-outs and wasteful of nice paper profits. It's the breakout opportunities that I miss that get me most, and peak my resolve to do better. Today, I resolve to keep the filter checklist in front of me, and review it not only before the day begins, but when faced with those fork-in-the-road opportunities we call Inflection levels that should be played first as fades, but with the added stp-n-reverse provision to get back into trend should they fail to reverse.
Jun 9 Trades & Journal
20150609
Long 2 YM 17754, 17757, -7, -7
Long 2 YM 1737, 1737, -7, -7
Long 2 TF 1245.5, 1245.3, +1.5, +1.0
Short 1 TF 1244.6, -0.8
short 1 TF 1244.0, -0.7
Short 2 TF 1243.1, 1243.1, +0.7, -0.7
Long 1 TF 1241.1, -0.7,
Long 1 TF 1241.4, +2.2
Short 1 TF 1245.1, -0.7
Short 1 TF 1246.0, -0.5
Short 2 TF 1249.6, 1249.6, +0.7, -0.7
Short 2 TF 1249.7, 1249.9, -0.7, +0.5
Total YM -28
Total TF +1.1
Market action can influence and prejudice your appraisal of trend. But the market often appears as one thing, only to become the other. Today, I let myself suffer from that and although I acted on longs at the lows, did too little commitment to capture the fuller excursion and insufficient size to overcome smaller losses. After the lows were in, I allowed that same prejudice to block me from an important bull inflection breakout opportunity, also which would have put me into profits on the day....
In order to learn from the days mistakes, consider the 'swing thoughts' that occupied your motives at the time the errors were made...both immediately after the day's trading is done, and then again a bit later when emotions have subsided. What were the entry models that would have put you into action at the right places? Why did you ignore them, and what internal conflicts can next time serve as helpful 'tells' to get your rally cap around the other way next time this occurs...? ...and it will occur again, of this you can be sure. The question is, will you be a different trader when it does?
Long 2 YM 17754, 17757, -7, -7
Long 2 YM 1737, 1737, -7, -7
Long 2 TF 1245.5, 1245.3, +1.5, +1.0
Short 1 TF 1244.6, -0.8
short 1 TF 1244.0, -0.7
Short 2 TF 1243.1, 1243.1, +0.7, -0.7
Long 1 TF 1241.1, -0.7,
Long 1 TF 1241.4, +2.2
Short 1 TF 1245.1, -0.7
Short 1 TF 1246.0, -0.5
Short 2 TF 1249.6, 1249.6, +0.7, -0.7
Short 2 TF 1249.7, 1249.9, -0.7, +0.5
Total YM -28
Total TF +1.1
Market action can influence and prejudice your appraisal of trend. But the market often appears as one thing, only to become the other. Today, I let myself suffer from that and although I acted on longs at the lows, did too little commitment to capture the fuller excursion and insufficient size to overcome smaller losses. After the lows were in, I allowed that same prejudice to block me from an important bull inflection breakout opportunity, also which would have put me into profits on the day....
In order to learn from the days mistakes, consider the 'swing thoughts' that occupied your motives at the time the errors were made...both immediately after the day's trading is done, and then again a bit later when emotions have subsided. What were the entry models that would have put you into action at the right places? Why did you ignore them, and what internal conflicts can next time serve as helpful 'tells' to get your rally cap around the other way next time this occurs...? ...and it will occur again, of this you can be sure. The question is, will you be a different trader when it does?
Mon Jun 8 Trades and Journal
20150608
Long 1 TF 1257.8, -0.5
Long 1 TF 1257.8, +4.0
Long 2 TF 1256.4, 1256.6, +1.0, -1.1
Long 1 NQ 4456.5, +2.0
Long 2 TF 1255.0, 1255.3, +0.7, +2.0
Total NQ +2.0
Total TF +6.1
Even if you don't get back all of a previous day's losses, it's more important to finish the day after a losing day with a winning day. Get back in sync. Find your consistency. You'll recover your losses in the consistency of executing your trade plan. Do not let the previous day's losses hang over you like a pall. When your entry models appear, take them. If you've lost faith in some of your trade entry models, it's an indication those should not be included in your trade plan in the first place.
Long 1 TF 1257.8, -0.5
Long 1 TF 1257.8, +4.0
Long 2 TF 1256.4, 1256.6, +1.0, -1.1
Long 1 NQ 4456.5, +2.0
Long 2 TF 1255.0, 1255.3, +0.7, +2.0
Total NQ +2.0
Total TF +6.1
Even if you don't get back all of a previous day's losses, it's more important to finish the day after a losing day with a winning day. Get back in sync. Find your consistency. You'll recover your losses in the consistency of executing your trade plan. Do not let the previous day's losses hang over you like a pall. When your entry models appear, take them. If you've lost faith in some of your trade entry models, it's an indication those should not be included in your trade plan in the first place.
Fri Jun 5 Trades & Journal
20150605
Short 1 TF 1245.1, -1.4
Short 1 NQ 4463.5, -3.0
Short 3 TF 1246.5, 1247.1, 1247.7, -1.4, -1.4, -0.7
Short 3 TF 1250.2, 1250.0, 1250.4, -1.0, -1.3, -0.9
Total NQ -3.0
Total TF -8.1
There a number of filters that go into using the 2nd trend direction as breakout opportunities. On most days, breakouts fail, and although vendors will often reveal their methods by cherry picking those breakouts that, in fact, were successful as indicative of justification for a concentration of breakout utilization for trading efforts, such focus relies heavily on surviving a surplus of losses against letting the fewer winners run into a maximum of their excursion. As a whole, fading the market works more consistently, despite--or perhaps because--a fewer number of market participants employ fading the action. But that doesn't mean breakouts lack merit and even necessity as part of a Trade Plan. What it means is a more selective criteria should be employed before considering them. (cont'd)
Today teaches us an important filter that although I've been intimately familiar with these many years as an analyst, writer and educator of trade concepts, I still have not actually added to a list of filters I summarize as ingredients for breakout entry qualification: Day Model rotation. As painfully apparent as this may be to anyone who has read the book Pivots, Patterns and Intraday Swing Trades, my list of breakout minutia up to this point in time has only contained technical event criteria from within the day of action itself, from the ORB forward, without due consideration and weighting as to where in the Day Model rotation sits the short term cycle. So prescribed, one would accordingly add to today's breakout filtering what the day model yesterday displayed, and if a cycle turning point as has laid down its marker in the prior day's behavior, weight the following day's list of 'best models to succeed' appropriately. Otherwise, one might tend to fight the day's trend action, as I did today, oblivious to those important 'tells', stubbornly giving back some important profits in disregard of breakout opportunities from recent days where breakouts were not the models of choice. ...a good weekend and good trading next week to all...
Short 1 TF 1245.1, -1.4
Short 1 NQ 4463.5, -3.0
Short 3 TF 1246.5, 1247.1, 1247.7, -1.4, -1.4, -0.7
Short 3 TF 1250.2, 1250.0, 1250.4, -1.0, -1.3, -0.9
Total NQ -3.0
Total TF -8.1
There a number of filters that go into using the 2nd trend direction as breakout opportunities. On most days, breakouts fail, and although vendors will often reveal their methods by cherry picking those breakouts that, in fact, were successful as indicative of justification for a concentration of breakout utilization for trading efforts, such focus relies heavily on surviving a surplus of losses against letting the fewer winners run into a maximum of their excursion. As a whole, fading the market works more consistently, despite--or perhaps because--a fewer number of market participants employ fading the action. But that doesn't mean breakouts lack merit and even necessity as part of a Trade Plan. What it means is a more selective criteria should be employed before considering them. (cont'd)
Today teaches us an important filter that although I've been intimately familiar with these many years as an analyst, writer and educator of trade concepts, I still have not actually added to a list of filters I summarize as ingredients for breakout entry qualification: Day Model rotation. As painfully apparent as this may be to anyone who has read the book Pivots, Patterns and Intraday Swing Trades, my list of breakout minutia up to this point in time has only contained technical event criteria from within the day of action itself, from the ORB forward, without due consideration and weighting as to where in the Day Model rotation sits the short term cycle. So prescribed, one would accordingly add to today's breakout filtering what the day model yesterday displayed, and if a cycle turning point as has laid down its marker in the prior day's behavior, weight the following day's list of 'best models to succeed' appropriately. Otherwise, one might tend to fight the day's trend action, as I did today, oblivious to those important 'tells', stubbornly giving back some important profits in disregard of breakout opportunities from recent days where breakouts were not the models of choice. ...a good weekend and good trading next week to all...
Thur Jun 4 Trade Summary
20150604
Short 1 NQ 4501.25, -2.0
Long 1 NQ 4499.5, -3.0
Short 2 YM 18006, 18005, +7, -1
Long 2 TF 1257.3, 1257.5, +0.7, -0.7
Long 3 TF 1257.0, 1257.0, 1256.2, -0.2, +0.7, +3.0
Long 2 TF 1258.8, 1258.9, +0.7, -1.0
Long 2 ES 1208.75, 1208.75, -1.5, -1.5
Long 4 TF 1255.4, 1255.6, 1255.7, 1256.1, +0.7, +1.0, +2.0, +1.0
Total ES -3.0
Total YM +6
Total NQ -5.0
Total TF +7.9
Short 1 NQ 4501.25, -2.0
Long 1 NQ 4499.5, -3.0
Short 2 YM 18006, 18005, +7, -1
Long 2 TF 1257.3, 1257.5, +0.7, -0.7
Long 3 TF 1257.0, 1257.0, 1256.2, -0.2, +0.7, +3.0
Long 2 TF 1258.8, 1258.9, +0.7, -1.0
Long 2 ES 1208.75, 1208.75, -1.5, -1.5
Long 4 TF 1255.4, 1255.6, 1255.7, 1256.1, +0.7, +1.0, +2.0, +1.0
Total ES -3.0
Total YM +6
Total NQ -5.0
Total TF +7.9
Wed Jun 3 Trade Summary
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
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
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