20170913
Short 2 RTY 1423.3, 1422.9, +0.7, -0.2
Short 2 RTY 1425.4, 1425.4, -0.5, -0.5
Short 2 NQ 6003.0, 6003.0, +2.0, +4.0
Short 1 NQ 6001.5, -2.0
Short 2 RTY 1426.6, 1426.6, +0.7, +1.2
Short 1 NQ 6003.75, +4.0
Short 1 RTY 1427.0, -0.5
Long 1 RTY 1426.9, +0.2
Total NQ +8.0
Total RTY +1.2
Tues Sep 12 Trades & Jounal
20170912
Long 1 NQ 5996.5, +5.0
Long 1 NQ 5992.5, -1.0
Long 1 NQ 5992.75, -2.0
Short 1 RTY 1420.5, +1.8
Total NQ +2.0
Total RTY +1.8
Occasionally someone asks me: Why do you only trade the 1st Frame of the day? ....because usually-although unlike today--the first frame is the most volatile, and volatility is what I want. It matches my trading plan models. They are seldom fulfilled without volatility. And if the glove don't fit....I can't commit....
Long 1 NQ 5996.5, +5.0
Long 1 NQ 5992.5, -1.0
Long 1 NQ 5992.75, -2.0
Short 1 RTY 1420.5, +1.8
Total NQ +2.0
Total RTY +1.8
Occasionally someone asks me: Why do you only trade the 1st Frame of the day? ....because usually-although unlike today--the first frame is the most volatile, and volatility is what I want. It matches my trading plan models. They are seldom fulfilled without volatility. And if the glove don't fit....I can't commit....
Mon Sep 11 Trades & Summary: In memoriam NEVER FORGET!
20170911
Short 2 YM 21950, 21950, +10, -7
Short 2 NQ 5992.5, 5992.5, +2.0, -2.0
Short 2 NQ 5995.5, 5995.5, +2.0, -1.0
Short 2 RTY 1413.7, 1413.8, +3.0, +0.7
Short 2 YM 212973, 21973, +7, -7
Long 1 NQ 5990.25, -2.0
Long 2 NQ 5987.25, 5987.25, -2.0, -2.0
Total YM +3
Total NQ -5.0
Total RTY +3.7
Short 2 YM 21950, 21950, +10, -7
Short 2 NQ 5992.5, 5992.5, +2.0, -2.0
Short 2 NQ 5995.5, 5995.5, +2.0, -1.0
Short 2 RTY 1413.7, 1413.8, +3.0, +0.7
Short 2 YM 212973, 21973, +7, -7
Long 1 NQ 5990.25, -2.0
Long 2 NQ 5987.25, 5987.25, -2.0, -2.0
Total YM +3
Total NQ -5.0
Total RTY +3.7
Fri Sep 8 Trade Summary
20170908
Long 1 NQ 5955.25, -2.0
Short 1 RTY 1395.8, -1.4
Short 4 RTY 1397.9, 1397.9, 1398.4, 1398.3, +0.7, +0.7, +1.7, +1.7
Long 1 RTY 1395.2, +2.0
Long 1 NQ 5944.5, +6.5
Short 2 RTY 1402.3, 1402.3, +1.1, +1.1
Short 1 RTY 1402.1, -1.4
Total NQ +4.5
Total RTY +6.2
Long 1 NQ 5955.25, -2.0
Short 1 RTY 1395.8, -1.4
Short 4 RTY 1397.9, 1397.9, 1398.4, 1398.3, +0.7, +0.7, +1.7, +1.7
Long 1 RTY 1395.2, +2.0
Long 1 NQ 5944.5, +6.5
Short 2 RTY 1402.3, 1402.3, +1.1, +1.1
Short 1 RTY 1402.1, -1.4
Total NQ +4.5
Total RTY +6.2
Thurs Sep 7 Trades and Journal
20170907
Short 2 RTY 1402.9, 1402.9, +1.0, +2.0
Long 2 RTY 1397.9, 1397.9, -0.2, -0.2
Long 2 NQ 5946.25, 5946.25, -2.0, -2.0
Long 2 RTY 1395.7, 1395.7, +0.8, +1.5
Long 2 NQ 59.46.0, 5946.0, +2.0, +5.0
Short 2 NQ 5972.75, 5972.75, -0.0, -0.0
Short 2 NQ 5977.25, 5977.25, -0.0, -0.0
Short 2 RTY 1401.1, 1401.1, -0.7, -0.7
Short 2 NQ 5979.5, 5979.5, +2.0, +4.0
Total NQ +9.0
Total RTY +3.5
Today contracts roll to Dec and we say goodbye to the ICE exchange... Adios....gratias Dios. If you haven't already done so, please send a brief email to any of the below addresses asking for a combined futures history for the Russell 2000 Stock Index, under is various tenures: first at the CME under symbol ER (or was it ER2 ?...how quickly we forget), then at the NYBOT/ICE under "TF" and now back again at the CME under the clumsy acronym "RTY". No one will budge until they get pressure... and yes, those combined histories ARE THE SAME CONTRACT data stream. A rose by any other name....
support@ampfutures.com
Info@ninjatraderecosystem.com
support@kinetick.com
https://www.cqg.com/support
https://www.interactivebrokers.com/en/index.php?f=customerService&p=email
....or any other broker or white label source for futures exchange data you may be a subscriber of.
Short 2 RTY 1402.9, 1402.9, +1.0, +2.0
Long 2 RTY 1397.9, 1397.9, -0.2, -0.2
Long 2 NQ 5946.25, 5946.25, -2.0, -2.0
Long 2 RTY 1395.7, 1395.7, +0.8, +1.5
Long 2 NQ 59.46.0, 5946.0, +2.0, +5.0
Short 2 NQ 5972.75, 5972.75, -0.0, -0.0
Short 2 NQ 5977.25, 5977.25, -0.0, -0.0
Short 2 RTY 1401.1, 1401.1, -0.7, -0.7
Short 2 NQ 5979.5, 5979.5, +2.0, +4.0
Total NQ +9.0
Total RTY +3.5
Today contracts roll to Dec and we say goodbye to the ICE exchange... Adios....gratias Dios. If you haven't already done so, please send a brief email to any of the below addresses asking for a combined futures history for the Russell 2000 Stock Index, under is various tenures: first at the CME under symbol ER (or was it ER2 ?...how quickly we forget), then at the NYBOT/ICE under "TF" and now back again at the CME under the clumsy acronym "RTY". No one will budge until they get pressure... and yes, those combined histories ARE THE SAME CONTRACT data stream. A rose by any other name....
support@ampfutures.com
Info@ninjatraderecosystem.com
support@kinetick.com
https://www.cqg.com/support
https://www.interactivebrokers.com/en/index.php?f=customerService&p=email
....or any other broker or white label source for futures exchange data you may be a subscriber of.
Wed Sep 6 Trade Summary
20170906
Short 2 RTY 1404.4, 1404.4, +1.0, +2.0
Short 2 RTY 1406.5, 1406.4, -0.2, +1.0
Short 1 RTY 1407.0, +2.2
Total RTY +6.0
Short 2 RTY 1404.4, 1404.4, +1.0, +2.0
Short 2 RTY 1406.5, 1406.4, -0.2, +1.0
Short 1 RTY 1407.0, +2.2
Total RTY +6.0
Tues Sep 5 Trades and Journal
20170905
Short 2 RTY 1415.7, 11415.4, +3.0, +2.0
Total RTY +5.0
Welcome back to the markets. ...and goodbye ICE....good riddance. I'll find somewhere else to trade gold futures.... assuming I ever really want to again...
Trading the Russell 2000 is still the sweetest music on the board... but couldn't CME have come up with a better contract symbol.... I mean, wouldn't renaming it ER be a bit of sweet revenge..? And when I'm invited back to sit in on the next CME Product Release meeting..... uh huhm... next week, I think.... I'm also going to recommend they take the contract size back to $100.00 per pt. All for the motion, say aye....
But there is one thing you can all do. Send a message to CQG or NinjaTrader or IB LLC or whomever,
and plead sincerely for historical RTY data that is inclusive of not only the TF ICE history, but also of the ER CME history, so that we can have long term charts that visualize price peaks and troughs in parallel with those of the ES, YM and NQ contracts. I was actually told by someone at Ninjatrader that "we can't do that. they aren't the same contract". Really ? The Russell 2000 isn't the Russell 2000, regardless of what symbol is attached to the nearby futures month or what futures exchange has leased the rights to host its servers? Well, ....what do you expect. They're not traders.... but even that bit of fundamental understanding should be obvious to them all. Plesse plead the case at:
support@ampfutures.com
Info@ninjatraderecosystem.com
support@kinetick.com
https://www.cqg.com/support
https://www.interactivebrokers.com/en/index.php?f=customerService&p=email
and respond promptly with any nonsensical replies that the RTY contract "is not the same contract"
as was the ER or TF. ...pure nonsense and a very convenient but erroneous excuse....
Short 2 RTY 1415.7, 11415.4, +3.0, +2.0
Total RTY +5.0
Welcome back to the markets. ...and goodbye ICE....good riddance. I'll find somewhere else to trade gold futures.... assuming I ever really want to again...
Trading the Russell 2000 is still the sweetest music on the board... but couldn't CME have come up with a better contract symbol.... I mean, wouldn't renaming it ER be a bit of sweet revenge..? And when I'm invited back to sit in on the next CME Product Release meeting..... uh huhm... next week, I think.... I'm also going to recommend they take the contract size back to $100.00 per pt. All for the motion, say aye....
But there is one thing you can all do. Send a message to CQG or NinjaTrader or IB LLC or whomever,
and plead sincerely for historical RTY data that is inclusive of not only the TF ICE history, but also of the ER CME history, so that we can have long term charts that visualize price peaks and troughs in parallel with those of the ES, YM and NQ contracts. I was actually told by someone at Ninjatrader that "we can't do that. they aren't the same contract". Really ? The Russell 2000 isn't the Russell 2000, regardless of what symbol is attached to the nearby futures month or what futures exchange has leased the rights to host its servers? Well, ....what do you expect. They're not traders.... but even that bit of fundamental understanding should be obvious to them all. Plesse plead the case at:
support@ampfutures.com
Info@ninjatraderecosystem.com
support@kinetick.com
https://www.cqg.com/support
https://www.interactivebrokers.com/en/index.php?f=customerService&p=email
and respond promptly with any nonsensical replies that the RTY contract "is not the same contract"
as was the ER or TF. ...pure nonsense and a very convenient but erroneous excuse....
Mon Jul 17 Begin Extended Vacation
We will assume trading again in the first week of September. Nothing unusual in this schedule, as we have taken similar breaks in the past during the late summer months. Good trading to those who continue...
Fri Jul 14 Trades & Journal
20170714
Long 2 TF 1424.5, 1424.7, +0.7, +1.3
Short 5 TF 1426.2, 1426.3, 1427.3, 1427.3, 1427.2 -1.4, -1.5, +1.5, +1.4, +2.0
Long 2 TF 1424.1, 1424.1, +0.7, +1.5
Total TF +6.2
I will be taking a month off from the markets for the rest of July and half of August. Good trading to all still at it... Although the wretched ICE exchange still has the mini Russell volume in the TF contract, that will come to a definitive end as the Sep contracts expire and the recapture of that instrument by CME Globex under the new symbol RTY takes its inevitable hold. Long live the CME....!!
Long 2 TF 1424.5, 1424.7, +0.7, +1.3
Short 5 TF 1426.2, 1426.3, 1427.3, 1427.3, 1427.2 -1.4, -1.5, +1.5, +1.4, +2.0
Long 2 TF 1424.1, 1424.1, +0.7, +1.5
Total TF +6.2
I will be taking a month off from the markets for the rest of July and half of August. Good trading to all still at it... Although the wretched ICE exchange still has the mini Russell volume in the TF contract, that will come to a definitive end as the Sep contracts expire and the recapture of that instrument by CME Globex under the new symbol RTY takes its inevitable hold. Long live the CME....!!
Thurs Jul 13 Trade Summary
20170713
Long 1 TF 1421.3, -1.4
Long 1 TF 1419.1, +1.5
Short 3 NQ 5703.5, 5703.5, 5704.5, -2.0, -2.0, -2.0
Long 2 NQ 5695.5, 5695.0, -2.0, -2.0
Long 2 NQ 5688.0, 5688.0, -1.0, -1.0
Long 3 NQ 5681.25, 5681.25, 5681.25, +6.0, +8.0, -1.0
Long 2 NQ 5691.25, 5691.25, +5.0, +5.0
Long 2 TF 1414.7, 1414.7, +1.0, +1.5
Total NQ +11.0
otal TF +2.4
Long 1 TF 1421.3, -1.4
Long 1 TF 1419.1, +1.5
Short 3 NQ 5703.5, 5703.5, 5704.5, -2.0, -2.0, -2.0
Long 2 NQ 5695.5, 5695.0, -2.0, -2.0
Long 2 NQ 5688.0, 5688.0, -1.0, -1.0
Long 3 NQ 5681.25, 5681.25, 5681.25, +6.0, +8.0, -1.0
Long 2 NQ 5691.25, 5691.25, +5.0, +5.0
Long 2 TF 1414.7, 1414.7, +1.0, +1.5
Total NQ +11.0
otal TF +2.4
Wed Jul 12 Trade Summary
20170712
Short 6 TF 1430.2, 1430.2, 1430.9, 1430.9, 1431.2, 1431.2 -1.4, -1.4, +1.2, +1.2, +1.0, +1.0
Short 3 TF 1432.5, 1432.5, +1.5, +2.2
Long 2 TF 1427.3, 1427.3, +1.0, -0.2
Long 1 TF 1427.3, +1.3
Long 1 TF 1425.1, -1.4
Long 3 TF 1423.7, 1423.7, 1423.7, +1.4, -0.4, -0.4
Total TF +6.6
Short 6 TF 1430.2, 1430.2, 1430.9, 1430.9, 1431.2, 1431.2 -1.4, -1.4, +1.2, +1.2, +1.0, +1.0
Short 3 TF 1432.5, 1432.5, +1.5, +2.2
Long 2 TF 1427.3, 1427.3, +1.0, -0.2
Long 1 TF 1427.3, +1.3
Long 1 TF 1425.1, -1.4
Long 3 TF 1423.7, 1423.7, 1423.7, +1.4, -0.4, -0.4
Total TF +6.6
Tues Jul 11 Trade Summary
20170711
Short 5 NQ 5695.5, 5695.75, 5697.5, 5697.75, 5698.75, -3.0, -3.0, +3.0, +2.0, -1.25
Short 2 TF 1410.2, 1410.2, 1410.2, -0.4, -0.4, -0.4
Short 2 NQ 5697.75, 5697.5, -2.0, -1.5
Short 3 TF 1410.6, 1410.6, 1410.9, +1.2, +0.7, +2.1
Short 2 TF 1410.6, 1410.4, +0.7, -0.7
Short 2 TF 1412.4, 1412.0, +0.7, +1.0
Short 1 NQ 5715.5, +5.5
Short 2 TF 1413.9, 1413.9, +0.7, +1.0
Long 1 TF 1410.5, -0.7
Long 2 TF 1406.8, 1406.8, -0.7, -0.7
Long 2 TF 1400.5, 1400.5, +2.5, +2.5
Short 2 TF 1412.1, 1412.1, +0.7, +1.2
Total NQ -0.25
Total TF +11.0
Short 5 NQ 5695.5, 5695.75, 5697.5, 5697.75, 5698.75, -3.0, -3.0, +3.0, +2.0, -1.25
Short 2 TF 1410.2, 1410.2, 1410.2, -0.4, -0.4, -0.4
Short 2 NQ 5697.75, 5697.5, -2.0, -1.5
Short 3 TF 1410.6, 1410.6, 1410.9, +1.2, +0.7, +2.1
Short 2 TF 1410.6, 1410.4, +0.7, -0.7
Short 2 TF 1412.4, 1412.0, +0.7, +1.0
Short 1 NQ 5715.5, +5.5
Short 2 TF 1413.9, 1413.9, +0.7, +1.0
Long 1 TF 1410.5, -0.7
Long 2 TF 1406.8, 1406.8, -0.7, -0.7
Long 2 TF 1400.5, 1400.5, +2.5, +2.5
Short 2 TF 1412.1, 1412.1, +0.7, +1.2
Total NQ -0.25
Total TF +11.0
Mon Jul 10 Trade Summary
20170710
Long 1 NQ 5653.0, +5.0
Long 1 TF 1406.4, 1406.1, +0.7, -0.8
Long 1 NQ 5652.5, +10.0
Long 2 TF 1405.5, 1405.5, -0.7, -0.7
Short 2 NQ 5674.5, 5676.75, 5676.75, 5679.25, +1.0, -0.0, -3.0, -3.0
Short 2 NQ 5681.75, 5681.5, -3.0, -2.0
Short 3 NQ 5686.25, 5686.25, 5686.25, +2.0, +3.0, -0.5
Short 2 TF 1407.4, 1407.2, +0.7, -0.7
Short 2 NQ 5687.0, 5687.0, +2.0, +5.0
Short 2 TF 1408.3, 1408.3, -0.7, -0.7
Short 2 TF 1411.2, 1411.5, -0.0, -0.3
2nd Frame Trades
Short 4 TF 1413.8, 1415.0, 1415.9, 1414.8, -0.0, +1.0, -0.3, +0.7
Short 2 TF 1415.7, 1415.4, +0.7, -1.1
Short 2 TF 1416.4, 1416.5, -0.4, +0.7
Short 2 TF 1418.9, 1418.9, +1.1, +1.7
Total NQ +16.5
Total TF +1.0
First day of trading for the CME's reborn mini-Russell 2k contact. Even in the 3-min bars, there is nothing but gaps it's so thin ....so far. But we'll be done with the ICE exchange soon enough. A little more patience is all...
Long 1 NQ 5653.0, +5.0
Long 1 TF 1406.4, 1406.1, +0.7, -0.8
Long 1 NQ 5652.5, +10.0
Long 2 TF 1405.5, 1405.5, -0.7, -0.7
Short 2 NQ 5674.5, 5676.75, 5676.75, 5679.25, +1.0, -0.0, -3.0, -3.0
Short 2 NQ 5681.75, 5681.5, -3.0, -2.0
Short 3 NQ 5686.25, 5686.25, 5686.25, +2.0, +3.0, -0.5
Short 2 TF 1407.4, 1407.2, +0.7, -0.7
Short 2 NQ 5687.0, 5687.0, +2.0, +5.0
Short 2 TF 1408.3, 1408.3, -0.7, -0.7
Short 2 TF 1411.2, 1411.5, -0.0, -0.3
2nd Frame Trades
Short 4 TF 1413.8, 1415.0, 1415.9, 1414.8, -0.0, +1.0, -0.3, +0.7
Short 2 TF 1415.7, 1415.4, +0.7, -1.1
Short 2 TF 1416.4, 1416.5, -0.4, +0.7
Short 2 TF 1418.9, 1418.9, +1.1, +1.7
Total NQ +16.5
Total TF +1.0
First day of trading for the CME's reborn mini-Russell 2k contact. Even in the 3-min bars, there is nothing but gaps it's so thin ....so far. But we'll be done with the ICE exchange soon enough. A little more patience is all...
Fri Jul 7 Trade Summary
20170707
Short 2 YM 21347, 21347, +7, +20
Short 2 TF 1408.3, 1408.3, +1.0, +3.0
Long 1 TF 1404.1, +1.7
Total YM +27
Total TF +5.7
Short 2 YM 21347, 21347, +7, +20
Short 2 TF 1408.3, 1408.3, +1.0, +3.0
Long 1 TF 1404.1, +1.7
Total YM +27
Total TF +5.7
Thurs Jul 6 Trade Summary
20170706
Long 4 TF 1405.3, 1405.3, 1405.3, 1405.3, +1.0, +1.0, +1.3, -0.5
Long 2 TF 1405.2, 1405.2, +0.7, +2.0
Short 2 TF 1408.8, 1409.2, +0.7, +1.7
Total TF +7.9
for those trading the TF....the Russell moves back to the CME on Monday, Jul 10. ICE Sep contracts continue to trade in tandem until expiration, so there's no panic to get set up. CME streaming data feed for the Russell is only an additional $5.00. Contact your broker to verify the new contract symbol and for subscription. Unfortunately, the contract size will be maintained at $5.00 per tick,a recent change by the ICE, instead of the old CME size of $10.00.
Long 4 TF 1405.3, 1405.3, 1405.3, 1405.3, +1.0, +1.0, +1.3, -0.5
Long 2 TF 1405.2, 1405.2, +0.7, +2.0
Short 2 TF 1408.8, 1409.2, +0.7, +1.7
Total TF +7.9
for those trading the TF....the Russell moves back to the CME on Monday, Jul 10. ICE Sep contracts continue to trade in tandem until expiration, so there's no panic to get set up. CME streaming data feed for the Russell is only an additional $5.00. Contact your broker to verify the new contract symbol and for subscription. Unfortunately, the contract size will be maintained at $5.00 per tick,a recent change by the ICE, instead of the old CME size of $10.00.
Fri Jun 30 Trade Summary
20170630
Short 2 NQ 5683.25, 5682.75, +2.0, +3.0
Short 1 TF 1419.3, +1.5
Short 1 TF 1417.1, +2.0
Long 1 NQ 5654.0, +5.0
Long 1 TF 1414.4, -0.6
Long 2 TF 14.0, 1413.8, -0.7, -0.5
Long 2 TF 1412.8, 1412.8, +1.5, +1.0
Total NQ +10.0
Total TF +4.2
Short 2 NQ 5683.25, 5682.75, +2.0, +3.0
Short 1 TF 1419.3, +1.5
Short 1 TF 1417.1, +2.0
Long 1 NQ 5654.0, +5.0
Long 1 TF 1414.4, -0.6
Long 2 TF 14.0, 1413.8, -0.7, -0.5
Long 2 TF 1412.8, 1412.8, +1.5, +1.0
Total NQ +10.0
Total TF +4.2
Thurs Jun 29 Trade Summary
20170629
Short 1 TF 1425.8, +2.5
Long 3 TF 1420.5, 1419.5, 1419.6, -0.1, +1.1, -0.7
Long 2 NQ 5683.5, 5683.5, -2.25, -2.25
Long 2 NQ 5678.5, 5678.5, -1.0, -1.0
Long 4 TF 1416.7, 1416.7, 1416.7, 1416.7, +2.0, +2.0, +2.0, +2.0
Short 2 TF 1421.1, 1421.2, -0.0, -0.6
Short 2 NQ 5696.25, 4697.25, -2.25, -2.25
Short 2 TF 1424.5, 1424.5, +0.1, +0.1
Short 2 NQ 5699.5, 5699.5, +8.0, +8.0
Total NQ +5.0
Total TF +10.2
Short 1 TF 1425.8, +2.5
Long 3 TF 1420.5, 1419.5, 1419.6, -0.1, +1.1, -0.7
Long 2 NQ 5683.5, 5683.5, -2.25, -2.25
Long 2 NQ 5678.5, 5678.5, -1.0, -1.0
Long 4 TF 1416.7, 1416.7, 1416.7, 1416.7, +2.0, +2.0, +2.0, +2.0
Short 2 TF 1421.1, 1421.2, -0.0, -0.6
Short 2 NQ 5696.25, 4697.25, -2.25, -2.25
Short 2 TF 1424.5, 1424.5, +0.1, +0.1
Short 2 NQ 5699.5, 5699.5, +8.0, +8.0
Total NQ +5.0
Total TF +10.2
Wed Jun 28 Trade Summary
20170628
Long 2 NQ 5679.00, 5678.0, +3.0, +6.0
Long 1 NQ 5679.0, +8.0
Short 3 NQ 5720.5, 5720.5, 5720.0 +2.0, -3.0, +2.0
Short 2 TF 1422.6, 1422.5, -0.1, -0.1
Short 2 TF 1426.9, 1426.7, +0.7, +3.2
Total NQ +17.0
Total TF +3.7
Long 2 NQ 5679.00, 5678.0, +3.0, +6.0
Long 1 NQ 5679.0, +8.0
Short 3 NQ 5720.5, 5720.5, 5720.0 +2.0, -3.0, +2.0
Short 2 TF 1422.6, 1422.5, -0.1, -0.1
Short 2 TF 1426.9, 1426.7, +0.7, +3.2
Total NQ +17.0
Total TF +3.7
Tues Jun 27 Trade Summary
20170627
Short 1 NQ 5751.25, +5.0
Long 1 TF 1411.2, 1411.2, +0.7, +1.5
Short 1 TF 1414.8, +1.0
Short 1 TF 1415.4, +1.1
Total NQ +5.0
Total TF +3.3
Short 1 NQ 5751.25, +5.0
Long 1 TF 1411.2, 1411.2, +0.7, +1.5
Short 1 TF 1414.8, +1.0
Short 1 TF 1415.4, +1.1
Total NQ +5.0
Total TF +3.3
Mon Jun 26 Trades & Journal
20170626
Short 2 NQ 5841.75, 5841.75, -0.25, -2.0
Short 2 YM 21444, 21444, -7, -7
Long 2 TF 1415.6, 1415.7, +1.3, +0.7
Long 3 TF 1414.5, 1414.5, 1413.9, -1.4, -1.4, -1.4
Long 6 TF 1412.5, 1412.5, 1412.5, 1412.5, 1412.5, 1412.5, -0.0, -0.0, -0.0, -0.0, -0.0, -0.0
Long 6 TF 1411.2, 1411.2, 1411.2, 1411.2, 1411.2, 1411.2, , +0.1, +0.1, +0.1, +0.1, +0.1, +0.1,
Long 6 TF 1410.4, 1410.4, 1410.5, 1410.5, 1410.6, 1410.6, +1.0, +1.0, -0.7, -0.7, -0.7, -0.7
Long 8 TF 1409.4, 1409.4, 1409.4, 1409.4, 1408.7, 1408.7, 1407.8, 1407.8, -1.4, -1.4, -1.4, -1.4, -1.4, -1.4, -0.7, -0.7
Long 6 TF 1407.3, 1407.3, 1407.3, 1407.3, 1407.3, 1407.3, +2.0, +2.0, +2.0, +2.0, +2.0, +2.0,
Short 6 TF 1415.9, 1415.9, 1415.6, 1415.6, 1415.6, 1415.6, +1.0, +1.0, +0.7, +0.7, +1.0, +1.0
Total YM -14
Total NQ -2.25
Total TF +5.2
The first trend of the day often fails, and its turn becomes the 2nd and truer trend of the 1st Frame. And so it is that I try so hard to I.D. that early turn and position accordingly. What I've always noticed about missing that turn (early stop outs in both the YM and NQ) is an emotional reaction to participating in the outcome of that 2nd trend, drawing you back into to trying to find the turn of the 2nd trend, long before it has finally taken its due course. So it was today, despite the fact that I've seen this so many times before, and should be able to recognize an emotional state taking over in stead of a better qualified trade model entries. An interesting complication of note worthiness today was the initial bullish divergence in both the Big Caps and the Russell Mid-Caps, which both held relative strength into early 2nd Trend buy signals while the NQ exhibited a more full mini-crash. Thus, the action helped draw me into incorrectly to fading the development of the 2nd trend instead of properly identifying the inflection levels from which I could have captured their 'catch-up' collapse and participated in that 2nd trend. Stay alert. There is often one sector leading the way that seems well out of sync with the others. That's the true cognoscenti in the market place. There is no other. Don't be discouraged or embarrassed at being stopped out at the clean turn of the 1st trend. If your attentive, there may be other ways left to participate, no doubt of lessor glory, but not necessarily at lessor profits than to have caught the leader at the initial turn.
Short 2 NQ 5841.75, 5841.75, -0.25, -2.0
Short 2 YM 21444, 21444, -7, -7
Long 2 TF 1415.6, 1415.7, +1.3, +0.7
Long 3 TF 1414.5, 1414.5, 1413.9, -1.4, -1.4, -1.4
Long 6 TF 1412.5, 1412.5, 1412.5, 1412.5, 1412.5, 1412.5, -0.0, -0.0, -0.0, -0.0, -0.0, -0.0
Long 6 TF 1411.2, 1411.2, 1411.2, 1411.2, 1411.2, 1411.2, , +0.1, +0.1, +0.1, +0.1, +0.1, +0.1,
Long 6 TF 1410.4, 1410.4, 1410.5, 1410.5, 1410.6, 1410.6, +1.0, +1.0, -0.7, -0.7, -0.7, -0.7
Long 8 TF 1409.4, 1409.4, 1409.4, 1409.4, 1408.7, 1408.7, 1407.8, 1407.8, -1.4, -1.4, -1.4, -1.4, -1.4, -1.4, -0.7, -0.7
Long 6 TF 1407.3, 1407.3, 1407.3, 1407.3, 1407.3, 1407.3, +2.0, +2.0, +2.0, +2.0, +2.0, +2.0,
Short 6 TF 1415.9, 1415.9, 1415.6, 1415.6, 1415.6, 1415.6, +1.0, +1.0, +0.7, +0.7, +1.0, +1.0
Total YM -14
Total NQ -2.25
Total TF +5.2
The first trend of the day often fails, and its turn becomes the 2nd and truer trend of the 1st Frame. And so it is that I try so hard to I.D. that early turn and position accordingly. What I've always noticed about missing that turn (early stop outs in both the YM and NQ) is an emotional reaction to participating in the outcome of that 2nd trend, drawing you back into to trying to find the turn of the 2nd trend, long before it has finally taken its due course. So it was today, despite the fact that I've seen this so many times before, and should be able to recognize an emotional state taking over in stead of a better qualified trade model entries. An interesting complication of note worthiness today was the initial bullish divergence in both the Big Caps and the Russell Mid-Caps, which both held relative strength into early 2nd Trend buy signals while the NQ exhibited a more full mini-crash. Thus, the action helped draw me into incorrectly to fading the development of the 2nd trend instead of properly identifying the inflection levels from which I could have captured their 'catch-up' collapse and participated in that 2nd trend. Stay alert. There is often one sector leading the way that seems well out of sync with the others. That's the true cognoscenti in the market place. There is no other. Don't be discouraged or embarrassed at being stopped out at the clean turn of the 1st trend. If your attentive, there may be other ways left to participate, no doubt of lessor glory, but not necessarily at lessor profits than to have caught the leader at the initial turn.
Fri Jun 23 Trade Summary
20170623
Short 2 TF 1402.4, 1402.4, +1.3, +1.4
Long 2 TF 1400.8, 1401.0, +2.0, +1.0
Short 2 TF 1408.2, 1408.2, +0.5, +1.3
Total TF +7.5
Short 2 TF 1402.4, 1402.4, +1.3, +1.4
Long 2 TF 1400.8, 1401.0, +2.0, +1.0
Short 2 TF 1408.2, 1408.2, +0.5, +1.3
Total TF +7.5
Thurs Jun 22 Trade Summary
20170622
Short 2 NQ 5778.75, 5779.0, -0.0, -0.0
Short 2 NQ 5783.75, 5783.75, +2.0, +3.0
Long 4 TF 1395.2, 1395.2, 1395.3, 1395.3, +0.7, +0.7, +1.3, +2.0
Total NQ +5.0
Total TF +4.7
Short 2 NQ 5778.75, 5779.0, -0.0, -0.0
Short 2 NQ 5783.75, 5783.75, +2.0, +3.0
Long 4 TF 1395.2, 1395.2, 1395.3, 1395.3, +0.7, +0.7, +1.3, +2.0
Total NQ +5.0
Total TF +4.7
Wed Jun 21 Trade Summary
Trade Summary
20170621
Short 2 TF 1407.7, 1407.7, +1.0, -0.4
Long 1 NQ 5741.0, +3.0
Short 1 NQ 5750.25, -2.0
Short 2 NQ 5754.25, 5754.25, +3.0, +5.0
Short 2 NQ 5760.25, 5760.25, +2.0, -0.5
Short 2 TF 1410.3, 1410.3, +1.4, -0.4
Short 2 NQ 5772.75, 5773.0, +3.0, +3.0
Short 2 TF 1412.8, 1412.8, +0.7, +1.6
Long 1 TF 1407.0, -1.4
Long 4 TF 1404.3, 1404.3, 1404.3, 1404.3, -0.2, -0.2, -0.2, -0.2
Long 2 TF 1403.8, 1403.8, +1.4, +1.0
Total NQ +16.5
Total TF +4.1
20170621
Short 2 TF 1407.7, 1407.7, +1.0, -0.4
Long 1 NQ 5741.0, +3.0
Short 1 NQ 5750.25, -2.0
Short 2 NQ 5754.25, 5754.25, +3.0, +5.0
Short 2 NQ 5760.25, 5760.25, +2.0, -0.5
Short 2 TF 1410.3, 1410.3, +1.4, -0.4
Short 2 NQ 5772.75, 5773.0, +3.0, +3.0
Short 2 TF 1412.8, 1412.8, +0.7, +1.6
Long 1 TF 1407.0, -1.4
Long 4 TF 1404.3, 1404.3, 1404.3, 1404.3, -0.2, -0.2, -0.2, -0.2
Long 2 TF 1403.8, 1403.8, +1.4, +1.0
Total NQ +16.5
Total TF +4.1
Tues Jun 19 Trade Summary
20170620
Short 1 NQ 5767.0, -3.0
Short 2 NQ 5773.75, 5772.0, +4.0, +3.0
Short 1 TF 1414.0, +1.0
Long 1 NQ 5759.0, +3.0
Long 1 TF 1408.8, +1.2
Short 1 NQ 5764.75, +2.0
Long 2 TF 1407.2, 1406.9, +1.0, +0.7
Total NQ +9.0
Total TF +3.9
Short 1 NQ 5767.0, -3.0
Short 2 NQ 5773.75, 5772.0, +4.0, +3.0
Short 1 TF 1414.0, +1.0
Long 1 NQ 5759.0, +3.0
Long 1 TF 1408.8, +1.2
Short 1 NQ 5764.75, +2.0
Long 2 TF 1407.2, 1406.9, +1.0, +0.7
Total NQ +9.0
Total TF +3.9
Mon Jun 19 Trade Summary
20170619
Short 1 NQ 5753.0, +3.0
Long 2 TF 1412.9, 1412.9, +2.0, +3.0
Short 2 TF 1417.2, 1417.0, +2.0, +0.7
Total NQ +3.0
Total TF +7.7
Short 1 NQ 5753.0, +3.0
Long 2 TF 1412.9, 1412.9, +2.0, +3.0
Short 2 TF 1417.2, 1417.0, +2.0, +0.7
Total NQ +3.0
Total TF +7.7
Fri Jun 16 Trade Summary
20170616
Short 1 NQ 5692.5, +10.0
Short 2 NQ 5696.5, 5696.0, 5697.5, -3.0, +2.0, -2.0
Short 2 NQ 5700.25, 5700.25, +2.0, +10.0
Total NQ +19.0
Short 1 NQ 5692.5, +10.0
Short 2 NQ 5696.5, 5696.0, 5697.5, -3.0, +2.0, -2.0
Short 2 NQ 5700.25, 5700.25, +2.0, +10.0
Total NQ +19.0
Thur Jun 15 Trade Summary
20170615
Short 1 NQ 5682.25, +5.0
Short 2 NQ 5673.0, 5671.0, +5.0, +5.0
Long 2 TF 1406.1, 1406.1, -0.0, -0.5
Short 1 NQ 5660.0, -2.0
Short 3 NQ 5661.0, 5661.0, 5671.75, +4.0, +2.0, -0.5
Short 1 NQ 5676.75, -2.0
Short 2 NQ 5683.5, 5683.5, +2.0, +1.0
Total NQ +19.5
Total TF -0.5
Short 1 NQ 5682.25, +5.0
Short 2 NQ 5673.0, 5671.0, +5.0, +5.0
Long 2 TF 1406.1, 1406.1, -0.0, -0.5
Short 1 NQ 5660.0, -2.0
Short 3 NQ 5661.0, 5661.0, 5671.75, +4.0, +2.0, -0.5
Short 1 NQ 5676.75, -2.0
Short 2 NQ 5683.5, 5683.5, +2.0, +1.0
Total NQ +19.5
Total TF -0.5
Wed Jun 14 Trade Summary
20170614
Short 2 NQ 5676.0, 5776.0, +2.0, +5.0
Short 2 TF 1421.7, 1421.7, +0.7, -0.3
Short 1 NQ 5777.5, +2.0
Long 2 TF 1417.5, 1417.5, +1.3, +1.2
Short 2 TF 1422.8, 1422.8, +0.7, +2.0
Long 2 TF 1419.6, 1419.6, +0.7, -0.7
Long 2 TF 1418.6, 1418.6, +0.7, -0.7
Total NQ +9.0
Total TF +5.6
Short 2 NQ 5676.0, 5776.0, +2.0, +5.0
Short 2 TF 1421.7, 1421.7, +0.7, -0.3
Short 1 NQ 5777.5, +2.0
Long 2 TF 1417.5, 1417.5, +1.3, +1.2
Short 2 TF 1422.8, 1422.8, +0.7, +2.0
Long 2 TF 1419.6, 1419.6, +0.7, -0.7
Long 2 TF 1418.6, 1418.6, +0.7, -0.7
Total NQ +9.0
Total TF +5.6
Tues Jun 13 Trade Summary
20170613
Short 2 TF 1422.7, 1422.7, +0.7, +2.5
Long 1 NQ 5749.25, -0.75
Long 1 NQ 5744.0, -0.75
Long 1 NQ 5739.25, -2.0
Long 2 NQ 5738.25, 5738.25, 5738.25, +3.0, -2.0, -2.0
Long 2 NQ 57257.5, 5727.5, -2.0, -2.0
Long 3 NQ 5717.25, 5717.25, 5717.25, +5.0, +7.0, +10.0
Total NQ +13.5
Total TF +3.2
Short 2 TF 1422.7, 1422.7, +0.7, +2.5
Long 1 NQ 5749.25, -0.75
Long 1 NQ 5744.0, -0.75
Long 1 NQ 5739.25, -2.0
Long 2 NQ 5738.25, 5738.25, 5738.25, +3.0, -2.0, -2.0
Long 2 NQ 57257.5, 5727.5, -2.0, -2.0
Long 3 NQ 5717.25, 5717.25, 5717.25, +5.0, +7.0, +10.0
Total NQ +13.5
Total TF +3.2
Mon Jun 12 Trade Summary
20170612
Long 2 TF 1420.1, 1420.1, +2.0, +2.0
Long 2 TF 1419.8, 1419.8, -0.7, -0.7
Long 2 TF 1418.4, 1418.4, +1.2, +1.1
Long 2 YM 21153, 21153, -5, -5
Long 2 TF 1415.4, 1415.4, -0.0, -0.0
Short 1 NQ 5671.0, +5.0
Short 4 NQ 5677.0, 5677.0, 5677.0, 5677.0, +5.0, +2.0, +3.0, -2.0
Short 2 NQ 5685.25, 5685.25, -2.0, -2.0
Short 3 NQ 5686.25, 5686.25, 5686.24, +3.0, +8.0, +8.0
Short 2 TF 1427.0, 1427.0, +0.7, +3.0
Total YM -10
Total NQ +28.0
Total TF +8.6
Long 2 TF 1420.1, 1420.1, +2.0, +2.0
Long 2 TF 1419.8, 1419.8, -0.7, -0.7
Long 2 TF 1418.4, 1418.4, +1.2, +1.1
Long 2 YM 21153, 21153, -5, -5
Long 2 TF 1415.4, 1415.4, -0.0, -0.0
Short 1 NQ 5671.0, +5.0
Short 4 NQ 5677.0, 5677.0, 5677.0, 5677.0, +5.0, +2.0, +3.0, -2.0
Short 2 NQ 5685.25, 5685.25, -2.0, -2.0
Short 3 NQ 5686.25, 5686.25, 5686.24, +3.0, +8.0, +8.0
Short 2 TF 1427.0, 1427.0, +0.7, +3.0
Total YM -10
Total NQ +28.0
Total TF +8.6
Fri Jun 9 Trade Summary
20170609
Short 2 TF 1421.5, 1421.5, +1.4, +2.0
Short 1 TF 1423.8, +0.6
Short 1 TF 1423.9, +1.0
Short 1 TF 1426.1, -0.5
Short 1 TF 1426.7, -0.5
Short 2 TF 1427.3, 1427.3, +1.0, +1.0
Short 1 TF 1432.5, -0.2
Short 1 TF 1432.2, +1.1
Total TF +6.9
Short 2 TF 1421.5, 1421.5, +1.4, +2.0
Short 1 TF 1423.8, +0.6
Short 1 TF 1423.9, +1.0
Short 1 TF 1426.1, -0.5
Short 1 TF 1426.7, -0.5
Short 2 TF 1427.3, 1427.3, +1.0, +1.0
Short 1 TF 1432.5, -0.2
Short 1 TF 1432.2, +1.1
Total TF +6.9
Thurs Jun 8 Trade Summary
20170608
Short 2 TF 1396.0, 1397.1, -1.5, -1.4
Short 4 TF 1398.4, 1398.4, 1398.4, 1398.4, -0.0, -0.0, -0.0, -0.0
Long 4 TF 1395.0, 1395.0, 1395.0, 1395.0, 1395.0, +1.5, +1.5, +1.5, +1.5
Short 8 TF 1401.7, 1401.7, 1401.7, 1401.7, 1402.3, 1402.3, 1402.3, 1402.3, -0.0, -0.0, -0.0, -0.0 +1.5, +1.5, -0.2, -0.2
Short 4 TF 1402.6, 1402.6, 1402.6, 1402.6, +1.2, +1.2, -1.0, -1.0
Total TF +6.1
Short 2 TF 1396.0, 1397.1, -1.5, -1.4
Short 4 TF 1398.4, 1398.4, 1398.4, 1398.4, -0.0, -0.0, -0.0, -0.0
Long 4 TF 1395.0, 1395.0, 1395.0, 1395.0, 1395.0, +1.5, +1.5, +1.5, +1.5
Short 8 TF 1401.7, 1401.7, 1401.7, 1401.7, 1402.3, 1402.3, 1402.3, 1402.3, -0.0, -0.0, -0.0, -0.0 +1.5, +1.5, -0.2, -0.2
Short 4 TF 1402.6, 1402.6, 1402.6, 1402.6, +1.2, +1.2, -1.0, -1.0
Total TF +6.1
Wed Jun 7 Trade Summary
20170607
Short 4 TF 1397.7, 1397.7, 1397.6, 1397.6, +1.0, +1.0, +1.0, +1.0,
Short 4 TF 1398.2, 1398.2, 1398.5, 1398.5, -0.7, -0.7, +0.5, +0.5
Short 2 NQ 5877.0, 5877.0, -0.0, -0.0
Long 1 TF 1397.9, +1.5
Short 2 TF 1400.0, 1400.7, +1.0, +0.5
Long 1 TF 1397.5, -1.4
Long 2 TF 1396.3, 1396.3, +0.7, +1.6
Short 1 TF 1400.0, +0.2
Total NQ -0.0
Total TF +7.7
Short 4 TF 1397.7, 1397.7, 1397.6, 1397.6, +1.0, +1.0, +1.0, +1.0,
Short 4 TF 1398.2, 1398.2, 1398.5, 1398.5, -0.7, -0.7, +0.5, +0.5
Short 2 NQ 5877.0, 5877.0, -0.0, -0.0
Long 1 TF 1397.9, +1.5
Short 2 TF 1400.0, 1400.7, +1.0, +0.5
Long 1 TF 1397.5, -1.4
Long 2 TF 1396.3, 1396.3, +0.7, +1.6
Short 1 TF 1400.0, +0.2
Total NQ -0.0
Total TF +7.7
Tues Jun 6 Trade Summary
20170606
Short 2 TF 1390.5, 1390.5, -1.5, -1.5
Short 2 TF 1391.1, 1391.1, -1.4, -1.4
Short 2 TF 1392.6, 1392.6, 1392.6, 1392.6, +1.3, +1.3, +1.3, +1.3,
Short 2 NQ 5886.5, 5886.5, +2.0, +8.0
Short 2 TF 1393.1, 1393.1, +1.4, +1.4
Long 2 TF 1389.4, 1389.4, 1388.7, 1388.8, -2.0, -1.4, -1.4, -1.4
Long 2 NQ 5882.0, 5882.0, +2.0, -2.0
Long 2 NQ 5879.5, 5879.5, -2.0, -2.0
Long 2 TF 1387.8, 1387.8, 1387.5, 1387.5, -0.3, -0.3, -0.0, -0.0
Total NQ +6.0
Total TF -4.6
Short 2 TF 1390.5, 1390.5, -1.5, -1.5
Short 2 TF 1391.1, 1391.1, -1.4, -1.4
Short 2 TF 1392.6, 1392.6, 1392.6, 1392.6, +1.3, +1.3, +1.3, +1.3,
Short 2 NQ 5886.5, 5886.5, +2.0, +8.0
Short 2 TF 1393.1, 1393.1, +1.4, +1.4
Long 2 TF 1389.4, 1389.4, 1388.7, 1388.8, -2.0, -1.4, -1.4, -1.4
Long 2 NQ 5882.0, 5882.0, +2.0, -2.0
Long 2 NQ 5879.5, 5879.5, -2.0, -2.0
Long 2 TF 1387.8, 1387.8, 1387.5, 1387.5, -0.3, -0.3, -0.0, -0.0
Total NQ +6.0
Total TF -4.6
Mon Jun 5 Trade Summary
20170605
Short 2 TF 1484.6, 1484.8, +2.0, +1.0
Short 1 NQ 5886.0, -2.0
Total NQ -2.0
Total TF +3.0
Short 2 TF 1484.6, 1484.8, +2.0, +1.0
Short 1 NQ 5886.0, -2.0
Total NQ -2.0
Total TF +3.0
Fri Jun 2 Trade Summary (abreviated attendance)
20170602
Long 1 TF 1397.3, +2.0
Total TF +2.0
(left for an early weekend)
Long 1 TF 1397.3, +2.0
Total TF +2.0
(left for an early weekend)
Thur Jun 1 Trade Summary
20170601
Short 2 NQ 5812.0, 5812.0, +6.0, +6.0
Short 4 TF 1377.5, 1377.5, 1377.7, 1377.9, +2.5, +2.0, +2.0, +0.7
Total NQ +12.0
Total TF +7.2
Short 2 NQ 5812.0, 5812.0, +6.0, +6.0
Short 4 TF 1377.5, 1377.5, 1377.7, 1377.9, +2.5, +2.0, +2.0, +0.7
Total NQ +12.0
Total TF +7.2
Wed May 31 Trade Summary
20170531
Long 1 TF 1366.5, -1.4
Long 2 NQ 5797.5, 5797.5, -2.0, -2.0
Long 2 TF 1357.3, 1357.3, 1357.2, 1357.2, -1.4, -1.4, -1.4, -1.4
Long 6 TF 1354.9, 1354.9, 1354.9, 1354.9, 1354.9, 1354.6, 1354.6, +1.0, +1.0, +1.0, +1.0, -0.5, -0.5
Long 4 TF 1352.8, 1352.8, 1352.8, 1352.8, , +1.0, +1.0, -1.0, -1.0
Short 4 TF 1355.9, 1355.9, 1355.7, 1355.7, -0.4, -0.4, -0.5, -0.5,
Long 4 TF 1356.3, 1356.3, 1356.3, 1356.3, , -0.2, -0.2, -0.2, -0.2
Short 6 TF 1357.9, 1357.9, 1358.5, 1358.5, 1358.4, 1358.4, -1.0, -1.0, -1.0, -1.0, -1.0, -1.0
Short 4 TF 1360.5, 1360.5, 1360.5, 1360.5, -0.6, -0.6, -0.6, -0.6,
Short 2 NQ 5790.0, 5790.0, -1.0, -1.0
Short 4 TF 1364.0, 1364.0, 1363.8, 1363.8, +2.0, +2.0, +2.0, +2.0,
Total NQ -6.0
Total TF -7.0
Long 1 TF 1366.5, -1.4
Long 2 NQ 5797.5, 5797.5, -2.0, -2.0
Long 2 TF 1357.3, 1357.3, 1357.2, 1357.2, -1.4, -1.4, -1.4, -1.4
Long 6 TF 1354.9, 1354.9, 1354.9, 1354.9, 1354.9, 1354.6, 1354.6, +1.0, +1.0, +1.0, +1.0, -0.5, -0.5
Long 4 TF 1352.8, 1352.8, 1352.8, 1352.8, , +1.0, +1.0, -1.0, -1.0
Short 4 TF 1355.9, 1355.9, 1355.7, 1355.7, -0.4, -0.4, -0.5, -0.5,
Long 4 TF 1356.3, 1356.3, 1356.3, 1356.3, , -0.2, -0.2, -0.2, -0.2
Short 6 TF 1357.9, 1357.9, 1358.5, 1358.5, 1358.4, 1358.4, -1.0, -1.0, -1.0, -1.0, -1.0, -1.0
Short 4 TF 1360.5, 1360.5, 1360.5, 1360.5, -0.6, -0.6, -0.6, -0.6,
Short 2 NQ 5790.0, 5790.0, -1.0, -1.0
Short 4 TF 1364.0, 1364.0, 1363.8, 1363.8, +2.0, +2.0, +2.0, +2.0,
Total NQ -6.0
Total TF -7.0
Tues May 30 Trade Summary
20170530
Short 2 TF 1379.8, 1379.8, +2.5, +2.5
Short 2 TF 1380.1, 1379.9, +1.5, +1.5
Long 1 TF 1373.1, -1.4
Long 2 TF 1372.1, 1372.1, -1.4, -1.4
Long 2 TF 1369.6. 1369.6, 1369.6, +1.0, -0.7, -0.7
Long 3 TF 1368.7, 1368.7, 1368.7, +1.4, +1.4, +2.7
Short 2 TF 1375.4, 1375.5, +1.6, +0.7
Total TF +11.2
Short 2 TF 1379.8, 1379.8, +2.5, +2.5
Short 2 TF 1380.1, 1379.9, +1.5, +1.5
Long 1 TF 1373.1, -1.4
Long 2 TF 1372.1, 1372.1, -1.4, -1.4
Long 2 TF 1369.6. 1369.6, 1369.6, +1.0, -0.7, -0.7
Long 3 TF 1368.7, 1368.7, 1368.7, +1.4, +1.4, +2.7
Short 2 TF 1375.4, 1375.5, +1.6, +0.7
Total TF +11.2
Thur May 25 Trade Summary
20170525
Short 1 TF 1384.9, -1.4
Short 2 TF 1386.7, 1386.8, +0.7, -0.8
Short 2 YM 21061, 21061, -7, -7
Short 3 TF 1389.5, 1389.5, 1389.5, +0.7, -0.0, -0.0
Short 2 NQ 5755.75, 5755.75, -2.0, -2.0
Short 3 NQ 5765.5, 5765.5, 5765.5, +2.0, +3.0, +3.0
Short 3 NQ 5768.25, 5769.0, 5769.5, -0.0, -1.0, +2.0
Short 2 NQ 5777.0, 5777.0, -0.0, -0.0
Total YM -14
Total NQ +5.0
Total TF -0.7
Short 1 TF 1384.9, -1.4
Short 2 TF 1386.7, 1386.8, +0.7, -0.8
Short 2 YM 21061, 21061, -7, -7
Short 3 TF 1389.5, 1389.5, 1389.5, +0.7, -0.0, -0.0
Short 2 NQ 5755.75, 5755.75, -2.0, -2.0
Short 3 NQ 5765.5, 5765.5, 5765.5, +2.0, +3.0, +3.0
Short 3 NQ 5768.25, 5769.0, 5769.5, -0.0, -1.0, +2.0
Short 2 NQ 5777.0, 5777.0, -0.0, -0.0
Total YM -14
Total NQ +5.0
Total TF -0.7
Wed May 24 Trade Summary
20170524
Short 2 YM 20938, 20941, -10, -10
Short 2 YM 20948, 20948, +10, +10
Short 2 NQ 5712.0, 5712.5, -0.25, +2.0
Short 2 NQ 5712.25, 5712.25, +2.0, -0.5
Short 2 YM 20949, 20948, -0, -10
Short 1 TF 1384.0, -0.0
Short 1 YM 20956, +10
Short 2 TF 1386.4, 1386.1, +0.7, +1.4
Total YM -0
Total NQ +3.25
Total TF +2.1
Short 2 YM 20938, 20941, -10, -10
Short 2 YM 20948, 20948, +10, +10
Short 2 NQ 5712.0, 5712.5, -0.25, +2.0
Short 2 NQ 5712.25, 5712.25, +2.0, -0.5
Short 2 YM 20949, 20948, -0, -10
Short 1 TF 1384.0, -0.0
Short 1 YM 20956, +10
Short 2 TF 1386.4, 1386.1, +0.7, +1.4
Total YM -0
Total NQ +3.25
Total TF +2.1
Tues May 23 Trades & Journal
20170523
Long 2 TF 1373.5, 1373.6, +1.0, +1.3
Long 4 TF 1371.1, 1371.1, 1370.7, 1370.7, -0.0, -0.0, -0.5, -0.5
Short 2 TF 1370.2, 1370.2, -0.0, -0.0
Short 2 TF 1372.2, 1372.2, +0.7, -0.7
Short 2 TF 1373.3, 1373.2, +0.7, +3.0
Short 4 TF 1371.4, 1372.0, 1372.4, 1372.6, -1.4, -0.0, +0.5, +1.2
Short 1 NQ 5706.0, +3.0
Short 5 TF 1377.5 13775. 1377.5, 1378.2, 1378.2, -.0.0 +0.4, +0.4, +1.0, 1.0
2nd frame trades:
Short 2 TF 1379.6, 1379.6, -1.4, -1.4
Short 4 TF 1381.3, 1381.3, 1381.3, 1381.3, , -0.2, -0.2, -0.2, -0.2
Short 2 TF 1381.9, 1381.9, -0.1, -0.1
Short 2 TF 1382.1, 1382.1, +0.9, -0.3
Short 1 NQ 5708.5, +10.0
Short 3 TF 1382.6, 1382.6, 1382.8, -0.0, -0.0, +2.0
Total NQ +13.0
Total TF +6.1
Grinding action can really draw you in. A climax is expected at every over-bought resistance level, and yet it won't break. Today I lost half of the 1st frame profits trying to find a sharp TF break into the 2nd frame. When it finally came, I was just trying to get back my loses, and thus did not milk the excursion of even half what it was worth. consolation prize was that I held a single NQ short contract much longer, but netted very little better than I already had at the end of the 1st frame...
If you're caught in a grinding trend, expect that it will be fed by opinions exactly like yours. Each premature short position only helping to float the grind further. Not until market action has cleared all those traders out who were just to smart to be fooled by the grind will prices finally crack, frustrating the majority, just as the market is designed to do.
Long 2 TF 1373.5, 1373.6, +1.0, +1.3
Long 4 TF 1371.1, 1371.1, 1370.7, 1370.7, -0.0, -0.0, -0.5, -0.5
Short 2 TF 1370.2, 1370.2, -0.0, -0.0
Short 2 TF 1372.2, 1372.2, +0.7, -0.7
Short 2 TF 1373.3, 1373.2, +0.7, +3.0
Short 4 TF 1371.4, 1372.0, 1372.4, 1372.6, -1.4, -0.0, +0.5, +1.2
Short 1 NQ 5706.0, +3.0
Short 5 TF 1377.5 13775. 1377.5, 1378.2, 1378.2, -.0.0 +0.4, +0.4, +1.0, 1.0
2nd frame trades:
Short 2 TF 1379.6, 1379.6, -1.4, -1.4
Short 4 TF 1381.3, 1381.3, 1381.3, 1381.3, , -0.2, -0.2, -0.2, -0.2
Short 2 TF 1381.9, 1381.9, -0.1, -0.1
Short 2 TF 1382.1, 1382.1, +0.9, -0.3
Short 1 NQ 5708.5, +10.0
Short 3 TF 1382.6, 1382.6, 1382.8, -0.0, -0.0, +2.0
Total NQ +13.0
Total TF +6.1
Grinding action can really draw you in. A climax is expected at every over-bought resistance level, and yet it won't break. Today I lost half of the 1st frame profits trying to find a sharp TF break into the 2nd frame. When it finally came, I was just trying to get back my loses, and thus did not milk the excursion of even half what it was worth. consolation prize was that I held a single NQ short contract much longer, but netted very little better than I already had at the end of the 1st frame...
If you're caught in a grinding trend, expect that it will be fed by opinions exactly like yours. Each premature short position only helping to float the grind further. Not until market action has cleared all those traders out who were just to smart to be fooled by the grind will prices finally crack, frustrating the majority, just as the market is designed to do.
Mon May 22 Trade Summary
20170522
Short 1 ES 2389.75, +1.0
Long 1 TF 1370.9, +2.0
Long 2 TF 1372.5, 1372.3, -0.9, +0.7
Long 1 YM 20868, -3
Long 2 TF 1369.2, 1369.3, +0.7, +2.0
Total ES +1.0
Total YM -3
Total TF +4.5
Short 1 ES 2389.75, +1.0
Long 1 TF 1370.9, +2.0
Long 2 TF 1372.5, 1372.3, -0.9, +0.7
Long 1 YM 20868, -3
Long 2 TF 1369.2, 1369.3, +0.7, +2.0
Total ES +1.0
Total YM -3
Total TF +4.5
Fri May 19 Trade Summary
20170519
Short 5 TF 1369.4, 1369.4, 1369.2, 1369.2, 1369.4, +0.7, +0.7, +1.0, +2.0
Short 3 TF 1371.7, 1371.7, 1371.5, +0.7, +1.0, +2.0
Total TF +8.0
Short 5 TF 1369.4, 1369.4, 1369.2, 1369.2, 1369.4, +0.7, +0.7, +1.0, +2.0
Short 3 TF 1371.7, 1371.7, 1371.5, +0.7, +1.0, +2.0
Total TF +8.0
Thurs May 18 Trade Summary
20170518
Short 2 TF 1354.5, 1354.5, -0.2, -0.2
Short 1 TF 1355.0, +2.0
Long 1 TF 1352.4, +2.0
Short 2 TF 1355.2, 1355.6, +2.0, +2.5
Long 1 TF 1351.2, +1.0
Total TF +9.1
Short 2 TF 1354.5, 1354.5, -0.2, -0.2
Short 1 TF 1355.0, +2.0
Long 1 TF 1352.4, +2.0
Short 2 TF 1355.2, 1355.6, +2.0, +2.5
Long 1 TF 1351.2, +1.0
Total TF +9.1
Wed May 17 Trade Summary
20170517
Long 1 TF 1371.7, -0.0
Long 1 NQ 5684.0, -2.0
Long 2 NQ 5679.0, 5679.0, -2.5, -2.5
Long 2 TF 1370.9, 1370.9, -0.9, -0.9
Long 2 NQ 5670.75, 5670.75, -2.0, -2.0
Long 2 NQ 5662.0, 5662.0, , -2.0, -2.0
Long 4 TF 1368.6, 1368.6, 1368.6, 1368.6, +1.4, +1.4, +1.9, +1.9
Long 2 TF 1369.4, 1369.4, +0.7, +1.1
Long 2 TF 1367.7, 1367.7, -0.5, -0.5
Short 2 TF 1367.2, 1367.2, -0.0, -0.0
Short 2 TF 1366.7, 1366.7, +1.0, -0.0
Short 2 TF 1368.1, 1368.1, +0.5, +1.4
Long 2 NQ 5631.5, 5631.5, -2.0, -2.0
Long 4 TF 1365.2, 1365.2, 1365.1, 1365.1, -0.9, -0.9, -0.2, -0.2
Long 4 TF 1363.8, 1363.8, 1363.8, 1363.8, +0.7, +0.7, -0.0, -0.0
Long 2 TF 1362.5, 1363.5, +3.0, +0.7
2nd Frame Trades:
Short 2 TF 1365.4, 1365.4, +0.7, +1.6
Short 2 NQ 5645.75, 5645.75, +2.25, +8.0
Total NQ -8.75
Total TF +13.7
Long 1 TF 1371.7, -0.0
Long 1 NQ 5684.0, -2.0
Long 2 NQ 5679.0, 5679.0, -2.5, -2.5
Long 2 TF 1370.9, 1370.9, -0.9, -0.9
Long 2 NQ 5670.75, 5670.75, -2.0, -2.0
Long 2 NQ 5662.0, 5662.0, , -2.0, -2.0
Long 4 TF 1368.6, 1368.6, 1368.6, 1368.6, +1.4, +1.4, +1.9, +1.9
Long 2 TF 1369.4, 1369.4, +0.7, +1.1
Long 2 TF 1367.7, 1367.7, -0.5, -0.5
Short 2 TF 1367.2, 1367.2, -0.0, -0.0
Short 2 TF 1366.7, 1366.7, +1.0, -0.0
Short 2 TF 1368.1, 1368.1, +0.5, +1.4
Long 2 NQ 5631.5, 5631.5, -2.0, -2.0
Long 4 TF 1365.2, 1365.2, 1365.1, 1365.1, -0.9, -0.9, -0.2, -0.2
Long 4 TF 1363.8, 1363.8, 1363.8, 1363.8, +0.7, +0.7, -0.0, -0.0
Long 2 TF 1362.5, 1363.5, +3.0, +0.7
2nd Frame Trades:
Short 2 TF 1365.4, 1365.4, +0.7, +1.6
Short 2 NQ 5645.75, 5645.75, +2.25, +8.0
Total NQ -8.75
Total TF +13.7
Tues May 16 Trade Summary
20170516
Long 1 TF 1394.9, -0.7
Long 2 TF 1383.6, 1383.6, +0.7, -0.7
Long 2 TF 1392.9, 1392.9, -1.4, -1.4
Short 2 TF 1392.7, 1392.7, +1.0, +1.4
Long 2 TF 1384.0, 1384.0, +0.7, -0.7
Long 2 YM 20921, 20921, +7, -7
Long 3 NQ 5702.5, 5202.5, 5701.5, +2.0, +5.0, +2.0
Short 3 TF 1390.5, 1391.0, 1391.0, -0.0, +0.7, +1.6
Total YM -0
Total NQ +9.0
Total TF +1.2
Long 1 TF 1394.9, -0.7
Long 2 TF 1383.6, 1383.6, +0.7, -0.7
Long 2 TF 1392.9, 1392.9, -1.4, -1.4
Short 2 TF 1392.7, 1392.7, +1.0, +1.4
Long 2 TF 1384.0, 1384.0, +0.7, -0.7
Long 2 YM 20921, 20921, +7, -7
Long 3 NQ 5702.5, 5202.5, 5701.5, +2.0, +5.0, +2.0
Short 3 TF 1390.5, 1391.0, 1391.0, -0.0, +0.7, +1.6
Total YM -0
Total NQ +9.0
Total TF +1.2
Mon May 15 Trade Summary
20170515
Short 2 TF 1391.1, 1392.0, 1392.0, -0.0, -1.4, -1.4
Short 2 YM 20930, 20828, -0, +7
Short 8 TF 1395.9, 1395.9, 1395.8, 1395.8, 1396.1, 1396.1, 1396.0, 1396.0, +2.0, +2.0, +2.0, +2.0, +0.7, +.7, +1.0, +1.0
Total YM +7
Total TF +8.6
Short 2 TF 1391.1, 1392.0, 1392.0, -0.0, -1.4, -1.4
Short 2 YM 20930, 20828, -0, +7
Short 8 TF 1395.9, 1395.9, 1395.8, 1395.8, 1396.1, 1396.1, 1396.0, 1396.0, +2.0, +2.0, +2.0, +2.0, +0.7, +.7, +1.0, +1.0
Total YM +7
Total TF +8.6
Fri May 12 Trade Summary
20170512
Short 2 NQ 5681.75, 5682.5, +5.0, +2.0
Long 1 NQ 5673.5, +4.0
Long 1 TF 1380.0, -0.0
Long 1 TF 1 1379.8, +2.5
Total NQ +11.00
Total TF +2.5
Short 2 NQ 5681.75, 5682.5, +5.0, +2.0
Long 1 NQ 5673.5, +4.0
Long 1 TF 1380.0, -0.0
Long 1 TF 1 1379.8, +2.5
Total NQ +11.00
Total TF +2.5
Thur May 11 Trades & Journal
20170511
Long 1 YM 20819, -7
Long 6 TF 1384.4, 1384.4, 1383.4, 1384.4, 1383.4, 1384.3, -1.4, -1.4, -1.4, -1.4, -1.4, -1.4
Long 8 TF 1380.89, 1380.89, 1380.89, 1380.89, 1380.89, 1380.89, 1380.88, 1380.88, -0.0, -0.0, -0.0, -0.0, -0.0, -0.0, -0.0, -0.0
Long 4 NQ 5641.25, 5641.25, 5641.25, 5641.25, +7.0, +7.0, -1.0, -1.0
Long 2 TF 1380.3, 1380.3, +2.6, -0.3
Long 4 NQ, 5639.0, 5639.0, 5639.5, 5639.5, +5.0, +5.0, +2.0, +2.0
Short 2 TF 1391.6, 1391.6, +2.0, +2.0
Short 2 TF 1383.4, 1383.4, -0.5, -0.5
Short 2 TF 1384.3, 1384.3, -1.0, -1.0
Short 4 TF 1386.0, 1386.0, 1386.0, 1386.0, -0.7, -0.7, -0.7, -0.7
Short 8 TF 1388.4, 1388.4, 1388.4, 1388.4, 1388.4, 1388.4, 1388.4, 1388.4, -0.2, -0.2, -0.2, -0.2, -0.2, -0.2, -0.2, -0.2,
Short 2 NQ 5646.75, 5646.75, -1.0, -1.0
Short 2 NQ 5648.25, 5648.25, -1.5, -1.5
Total YM -7
Total NQ +21.0
Total TF -9.5
Sometimes the TF can just be a bit too hot to handle. Today, volatility was extreme, at both ends of the big whiplash. Often, it's the NQ that makes the irrational extensions...and lately all to the upside. But NQ far more manageable today .... and saved me. Was able to come off simulator yesterday, with profitable calls and small net profit. But have to admit it's been a challenging week. Stay cool. Keep the behavior governors from your Trade Plan in place. Not every week can be easy, and some just seem beyond an understanding. The market is based on surprise.
Long 1 YM 20819, -7
Long 6 TF 1384.4, 1384.4, 1383.4, 1384.4, 1383.4, 1384.3, -1.4, -1.4, -1.4, -1.4, -1.4, -1.4
Long 8 TF 1380.89, 1380.89, 1380.89, 1380.89, 1380.89, 1380.89, 1380.88, 1380.88, -0.0, -0.0, -0.0, -0.0, -0.0, -0.0, -0.0, -0.0
Long 4 NQ 5641.25, 5641.25, 5641.25, 5641.25, +7.0, +7.0, -1.0, -1.0
Long 2 TF 1380.3, 1380.3, +2.6, -0.3
Long 4 NQ, 5639.0, 5639.0, 5639.5, 5639.5, +5.0, +5.0, +2.0, +2.0
Short 2 TF 1391.6, 1391.6, +2.0, +2.0
Short 2 TF 1383.4, 1383.4, -0.5, -0.5
Short 2 TF 1384.3, 1384.3, -1.0, -1.0
Short 4 TF 1386.0, 1386.0, 1386.0, 1386.0, -0.7, -0.7, -0.7, -0.7
Short 8 TF 1388.4, 1388.4, 1388.4, 1388.4, 1388.4, 1388.4, 1388.4, 1388.4, -0.2, -0.2, -0.2, -0.2, -0.2, -0.2, -0.2, -0.2,
Short 2 NQ 5646.75, 5646.75, -1.0, -1.0
Short 2 NQ 5648.25, 5648.25, -1.5, -1.5
Total YM -7
Total NQ +21.0
Total TF -9.5
Sometimes the TF can just be a bit too hot to handle. Today, volatility was extreme, at both ends of the big whiplash. Often, it's the NQ that makes the irrational extensions...and lately all to the upside. But NQ far more manageable today .... and saved me. Was able to come off simulator yesterday, with profitable calls and small net profit. But have to admit it's been a challenging week. Stay cool. Keep the behavior governors from your Trade Plan in place. Not every week can be easy, and some just seem beyond an understanding. The market is based on surprise.
Wed May 10 Trade Summary
20170510
Short 2 TF 1391.0, 1390.6, +2.0, +2.0
Short 2 TF 1395.5, 1395.5, -0.0, -1.5
Short 2 TF 1398.1, 1398.1, +1.4, +2.0
Long 4 TF 1390.2, 1389.3, 1389.5, 1389.4, -1.4, -1.4, -1.4, -1.4
Short 4 TF 1393.9, 1392.9, 1393.4, 1393.4, +0.7, +0.7, +1.5, +1.0
Total TF +4.2
Short 2 TF 1391.0, 1390.6, +2.0, +2.0
Short 2 TF 1395.5, 1395.5, -0.0, -1.5
Short 2 TF 1398.1, 1398.1, +1.4, +2.0
Long 4 TF 1390.2, 1389.3, 1389.5, 1389.4, -1.4, -1.4, -1.4, -1.4
Short 4 TF 1393.9, 1392.9, 1393.4, 1393.4, +0.7, +0.7, +1.5, +1.0
Total TF +4.2
Tues May 9 Trades & Journal
20170509
Short 2 NQ 5673.5, 5673.25, -2.0, -2.0
Short 2 NQ 5682.5, 5682.0, -2.0, -2.0
Short 4 NQ 5684.5, 5684.5, 5684.5, 5684.5, +2.0, +2.0, -2.5, -2.5
Short 2 TF 1394.2, 1394.2, +0.7, +2.0
Long 1 NQ 5677.75, -0.5
Long 1 TF 1386.3, -0.0
Short 2 TF 1389.4, 1389.4, +0.7, -1.0
Short 2 TF 1393.6, 1393.6, -0.1, -0.1
Short 2 TF 1393.8, 1393.8, -0.2, -0.2
Short 6 TF 1393.8, 1393.7, 1394.1, -0.5, -0.6, +0.5
Total NQ -9.5
Total TF +1.2
Days with such extreme bifurcation challenging in an of themselves, but I only added to it with mistakes of my own. And those mistakes exacerbated even more by trying so hard not so lose two days in a row. So...I lost two days in a row. And by my Trade Plan rules, that puts me into the penalty box for the opening tomorrow. I must start on the simulator and work towards achieving either 2 of 3, or 3 of 5 wining trades before I can get back off the sim. This is a good rule, but I can't express how much I hate being in it. It's a behavior governor, and prevents running too far amuck in the account before once again establishing some rhythm. And today, it feels good just to get away from the screen...
Short 2 NQ 5673.5, 5673.25, -2.0, -2.0
Short 2 NQ 5682.5, 5682.0, -2.0, -2.0
Short 4 NQ 5684.5, 5684.5, 5684.5, 5684.5, +2.0, +2.0, -2.5, -2.5
Short 2 TF 1394.2, 1394.2, +0.7, +2.0
Long 1 NQ 5677.75, -0.5
Long 1 TF 1386.3, -0.0
Short 2 TF 1389.4, 1389.4, +0.7, -1.0
Short 2 TF 1393.6, 1393.6, -0.1, -0.1
Short 2 TF 1393.8, 1393.8, -0.2, -0.2
Short 6 TF 1393.8, 1393.7, 1394.1, -0.5, -0.6, +0.5
Total NQ -9.5
Total TF +1.2
Days with such extreme bifurcation challenging in an of themselves, but I only added to it with mistakes of my own. And those mistakes exacerbated even more by trying so hard not so lose two days in a row. So...I lost two days in a row. And by my Trade Plan rules, that puts me into the penalty box for the opening tomorrow. I must start on the simulator and work towards achieving either 2 of 3, or 3 of 5 wining trades before I can get back off the sim. This is a good rule, but I can't express how much I hate being in it. It's a behavior governor, and prevents running too far amuck in the account before once again establishing some rhythm. And today, it feels good just to get away from the screen...
Mon May 8 Trades and Journal
20170508
Short 1 YM 20917, -7
Short 1 TF 1394.3, -0.7
Short 2 YM 20924, 20924, +7, +7
Short 1 NQ 5642.5, +1.0
Long 1 TF 1391.9, -0.2
Long 4 TF 1390.6, 1390.6, 1390.9, 1390.7, -0.7, -0.7, -0.7, -0.7
Short 4 TF 1390.1, 1390.1, 1390.0, 1389.7, -1.4, -1.4, -0.7, -0.7
Short 1 NQ 5644.25, -1.0
Long 2 TF 1387.7, 1387.7, -0.7, -0.7
Long 2 TF 1385.7, 1385.7, -0.7, -0.7
Long 2 TF 1385.6, 1385.6, +1.0, +1.0
Total NQ -0.0
Total YM +7
Total TF -8.7
Traders often wish for less volatility instead of more. It allows their emotions and their thinking to 'keep up' with the market. But the worse thing for trading is low volatility grinding action. In such an environment, there are few climaxes to light the way, and structure seems just to drift out of any sense of completion. Today in the TF reminded me of trading the pork bellies....many many years ago. The sole aim of trend in the pork bellie market is simply to clear out all the stops, first in one direction, then in the next. Have a loss limit. Know where you must pull all your chips. Have a trade number maximum. At some point, it's just no longer worth it. Not every day is good for trading. Tomorrow is another day.
Short 1 YM 20917, -7
Short 1 TF 1394.3, -0.7
Short 2 YM 20924, 20924, +7, +7
Short 1 NQ 5642.5, +1.0
Long 1 TF 1391.9, -0.2
Long 4 TF 1390.6, 1390.6, 1390.9, 1390.7, -0.7, -0.7, -0.7, -0.7
Short 4 TF 1390.1, 1390.1, 1390.0, 1389.7, -1.4, -1.4, -0.7, -0.7
Short 1 NQ 5644.25, -1.0
Long 2 TF 1387.7, 1387.7, -0.7, -0.7
Long 2 TF 1385.7, 1385.7, -0.7, -0.7
Long 2 TF 1385.6, 1385.6, +1.0, +1.0
Total NQ -0.0
Total YM +7
Total TF -8.7
Traders often wish for less volatility instead of more. It allows their emotions and their thinking to 'keep up' with the market. But the worse thing for trading is low volatility grinding action. In such an environment, there are few climaxes to light the way, and structure seems just to drift out of any sense of completion. Today in the TF reminded me of trading the pork bellies....many many years ago. The sole aim of trend in the pork bellie market is simply to clear out all the stops, first in one direction, then in the next. Have a loss limit. Know where you must pull all your chips. Have a trade number maximum. At some point, it's just no longer worth it. Not every day is good for trading. Tomorrow is another day.
Fri May 5 Trade Summary
Long 2 TF 1388.6, 1388.6, +0.7, -0.2
Long 1 TF 1388.0, -0.0
Long 2 TF 1386.6, 1386.7, +0.7, +2.0
Long 1 TF 1385.1, +0.3
Long 1 TF 1385.0, +1.0
Short 1 TF 1387.1, +1.0
Total TF +5.5
Long 1 TF 1388.0, -0.0
Long 2 TF 1386.6, 1386.7, +0.7, +2.0
Long 1 TF 1385.1, +0.3
Long 1 TF 1385.0, +1.0
Short 1 TF 1387.1, +1.0
Total TF +5.5
Thurs May 4 Trade Summary
20170504
Short 3 TF 1391.3, 1391.3, 1391.9, +1.0, -0.0, +1.5
Long 2 YM 20860, 20860, +7, -10
Long 1 NQ 5604.75, +6.0
Short 1 NQ 5612.75, -2.0
Short 2 NQ 5616.5, 5617.0, -0.0, +2.0
Short 2 NQ 5617.5, 56, 5618.5, -2.0, -2.0
Short 2 YM 20872, 20872, -0, -0
Long 5 TF 1387.7, 1387.7, 1387.5, 1386.5, 1386.9, -0.0, -0.0, +1.0, +1.7, +1.0
Long 4 TF 1385.2, 1385.6, 1385.2, 1385.3, 1385.2, +1.0, -0.0, +1.0, -0.5
Total YM -3
Total NQ +2.0
Total TF +7.7
Short 3 TF 1391.3, 1391.3, 1391.9, +1.0, -0.0, +1.5
Long 2 YM 20860, 20860, +7, -10
Long 1 NQ 5604.75, +6.0
Short 1 NQ 5612.75, -2.0
Short 2 NQ 5616.5, 5617.0, -0.0, +2.0
Short 2 NQ 5617.5, 56, 5618.5, -2.0, -2.0
Short 2 YM 20872, 20872, -0, -0
Long 5 TF 1387.7, 1387.7, 1387.5, 1386.5, 1386.9, -0.0, -0.0, +1.0, +1.7, +1.0
Long 4 TF 1385.2, 1385.6, 1385.2, 1385.3, 1385.2, +1.0, -0.0, +1.0, -0.5
Total YM -3
Total NQ +2.0
Total TF +7.7
Wed May 3 Trade Summary
20170503
Short 2 TF 1393.0, 1392.7, +0.7, -0.9
Short 2 NQ 5621.0, 5621.25, +2.25, +2.0
Long 2 TF 1389.8, 1389.7, -0.8, -0.7
Short 1 NQ 5615.75, +5.5
Short 2 TF 1390.0, 1390.0, +0.7, +1.2
Long 1 TF 1386.8, -0.5
Short 2 TF 1386.3, 1386.3, +1.0, +1.0
Long 2 TF 1384.8, 1384.8, +0.5, +1.5
Total NQ +9.75
Total TF +4.0
Short 2 TF 1393.0, 1392.7, +0.7, -0.9
Short 2 NQ 5621.0, 5621.25, +2.25, +2.0
Long 2 TF 1389.8, 1389.7, -0.8, -0.7
Short 1 NQ 5615.75, +5.5
Short 2 TF 1390.0, 1390.0, +0.7, +1.2
Long 1 TF 1386.8, -0.5
Short 2 TF 1386.3, 1386.3, +1.0, +1.0
Long 2 TF 1384.8, 1384.8, +0.5, +1.5
Total NQ +9.75
Total TF +4.0
Tues May 2 Trade Summary
Long 1 TF 1405.1, -1.4
Long 4 TF 1401.2, 1401.2, 1401.0, 1400.2, +0.5, +0.5, +1.0, +2.0
Short 1 TF 1402.4, 1402.6, 1402.7, +1.0, +1.4, +2.0
Total TF +7.0
Long 4 TF 1401.2, 1401.2, 1401.0, 1400.2, +0.5, +0.5, +1.0, +2.0
Short 1 TF 1402.4, 1402.6, 1402.7, +1.0, +1.4, +2.0
Total TF +7.0
Mon May 1 Trade Summary
20170501
Short 2 NQ 5606.25, 5606.25, +2.0, +5.0
Long 2 TF 1397.7, 1397.7, +0.7, -0.7
Short 1 TF 1397.2, +2.0
Short 1 NQ 5608.75, -2.0
Short 2 TF 1398.6, 1398.6, -0.7, -1.4
Short 2 NQ 5611.0, 5610.5, -3.0, -3.0
Short 3 TF 1402.1, 1402.00, 1302.00, +0.7, +1.0, +1.4
Short 1 ES 2386.25, -0.0
Total ES -0.0
Total NQ -1.0
Total TF +3.0
Short 2 NQ 5606.25, 5606.25, +2.0, +5.0
Long 2 TF 1397.7, 1397.7, +0.7, -0.7
Short 1 TF 1397.2, +2.0
Short 1 NQ 5608.75, -2.0
Short 2 TF 1398.6, 1398.6, -0.7, -1.4
Short 2 NQ 5611.0, 5610.5, -3.0, -3.0
Short 3 TF 1402.1, 1402.00, 1302.00, +0.7, +1.0, +1.4
Short 1 ES 2386.25, -0.0
Total ES -0.0
Total NQ -1.0
Total TF +3.0
Fri Apr 28 Trade Summary
20170428
Long 1 NQ 55.80, -1.5
Long 4 TF 1411.3, 1411.5, 1411.5, 1411.1, +.7, +.7, -.1, -1.0
Long 2 TF 1409.8, 1409.8, +0.6, -1.0
Long 4 TF 1406.8, 1406.8, 1407.1, 1406.7, +1.5, -0.7, +2.0, +1.2
Long 2 TF 1405.8, 1406.3, +1.0, -0.2
Long 1 TF 1405.6, -0.0
Total NQ -1.5
Total TF Total TF +4.7
Long 1 NQ 55.80, -1.5
Long 4 TF 1411.3, 1411.5, 1411.5, 1411.1, +.7, +.7, -.1, -1.0
Long 2 TF 1409.8, 1409.8, +0.6, -1.0
Long 4 TF 1406.8, 1406.8, 1407.1, 1406.7, +1.5, -0.7, +2.0, +1.2
Long 2 TF 1405.8, 1406.3, +1.0, -0.2
Long 1 TF 1405.6, -0.0
Total NQ -1.5
Total TF Total TF +4.7
Thur Apr 27 Trade Summary
20170427
Long 1 TF 1418.6, -0.0
Long 1 YM 20921, -7
Short 1 NQ 5556.5, -0.5
Short 2 NQ 5559.5, 5560.5, -2.0, +2.0
Long 2 NQ 5560.0, 5560.0, +2.0, +5.0
Total YM -7
Total NQ +6.5
Total TF -0.0
A frame without TF trades is like a day without sunshine....
Long 1 TF 1418.6, -0.0
Long 1 YM 20921, -7
Short 1 NQ 5556.5, -0.5
Short 2 NQ 5559.5, 5560.5, -2.0, +2.0
Long 2 NQ 5560.0, 5560.0, +2.0, +5.0
Total YM -7
Total NQ +6.5
Total TF -0.0
A frame without TF trades is like a day without sunshine....
Wed Apr 26 Trade Summary
20170426
Short 2 TF 1412.6, 1413.1, -1.4, -1.4
Short 3 TF 1414.0, 1414.0, 1414.0 +1.0, +1.4, +1.4, +2.3
Short 2 TF 1413.2, 1413.1, +0.7, -0.4
Short 4 TF 1414.6, 1415.3, 1415.2, 1415.3, +0.1, +0.8, +1.2, +1.2
Short 3 TF 1418.7, 1418.7, 1419.0, +0.1, +0.1, +2.0
Total TF +9.1
Short 2 TF 1412.6, 1413.1, -1.4, -1.4
Short 3 TF 1414.0, 1414.0, 1414.0 +1.0, +1.4, +1.4, +2.3
Short 2 TF 1413.2, 1413.1, +0.7, -0.4
Short 4 TF 1414.6, 1415.3, 1415.2, 1415.3, +0.1, +0.8, +1.2, +1.2
Short 3 TF 1418.7, 1418.7, 1419.0, +0.1, +0.1, +2.0
Total TF +9.1
Tues Apr 25 Trade Summary
20170425
Short 5 TF 1413.2, 1413.1, 1413.7, 1413.7, 1413.7, -0.0, -0.0, +1.5, +0.7, -0.4
Short 2 NQ 5536.75, 5536.75, +2.0, +5.0
Total NQ +7.0
Total TF +1.8
Short 5 TF 1413.2, 1413.1, 1413.7, 1413.7, 1413.7, -0.0, -0.0, +1.5, +0.7, -0.4
Short 2 NQ 5536.75, 5536.75, +2.0, +5.0
Total NQ +7.0
Total TF +1.8
Mon Apr 24 Trade Summary
20170424
Short 1 TF 1399.2, +2.1
Short 2 TF 1398.5, 1398.1, -0.7, +.07
Short 1 TF 1399.5, 1400.0, +0.5, +1.6
Short 1 TF 1395.2, +1.7
Short 1 TF 1395.2, -0.7
Total TF +5.2
Short 1 TF 1399.2, +2.1
Short 2 TF 1398.5, 1398.1, -0.7, +.07
Short 1 TF 1399.5, 1400.0, +0.5, +1.6
Short 1 TF 1395.2, +1.7
Short 1 TF 1395.2, -0.7
Total TF +5.2
Fri Apr 21 Trade Summary
20170421
Short 2 TF 1380.0, 1380.1, -0.9, +0.7
Long 2 TF 1377.7, 1377.8, +0.7, -0.7
Short 2 TF 1378.0, 1378.0, -1.0, -1.0
Short 2 NQ 5441.75, 5440.75, -0.0, -2.0
Short 2 TF 1380.9, 1380.9, +1.5, +1.1
Short 1 NQ 5443.75, +2.25
Total NQ +0.25
Total TF +0.4
Short 2 TF 1380.0, 1380.1, -0.9, +0.7
Long 2 TF 1377.7, 1377.8, +0.7, -0.7
Short 2 TF 1378.0, 1378.0, -1.0, -1.0
Short 2 NQ 5441.75, 5440.75, -0.0, -2.0
Short 2 TF 1380.9, 1380.9, +1.5, +1.1
Short 1 NQ 5443.75, +2.25
Total NQ +0.25
Total TF +0.4
Thur Apr 20 Trade Summary
20170420
Short 3 TF 1375.1, 1375.1, 1375.3, +2.0, +2.0, +1.0
Long 1 TF 1369.9, +3.0
Total TF +8.0
Short 3 TF 1375.1, 1375.1, 1375.3, +2.0, +2.0, +1.0
Long 1 TF 1369.9, +3.0
Total TF +8.0
Wed Apr 19 Trade Summary
20170419
Short 1 TF 1369.0, -1.4
Short 1 TF 1370.3, +2.3
Short 2 TF 1369.9, 1370.7, -1.4, -1.4
Short 4 TF 1372.4, 1372.4, 1372.4, 1372.3, +1.5, +1.5, +1.0, +2.0
Short 2 TF 1372.6, 1372.9, -1.6, -1.6
Short 4 TF 1375.2, 1375.2, 1375.2, 1375.8, -1.4, -1.4, -1.4, +0.7
Long 4 TF 1373.1, 1373.1, 1373.1, 1373.1, +0.7, +0.7, -0.2, -0.2
Short 1 TF 1372.4, +3.0
Total TF +1.4
Short 1 TF 1369.0, -1.4
Short 1 TF 1370.3, +2.3
Short 2 TF 1369.9, 1370.7, -1.4, -1.4
Short 4 TF 1372.4, 1372.4, 1372.4, 1372.3, +1.5, +1.5, +1.0, +2.0
Short 2 TF 1372.6, 1372.9, -1.6, -1.6
Short 4 TF 1375.2, 1375.2, 1375.2, 1375.8, -1.4, -1.4, -1.4, +0.7
Long 4 TF 1373.1, 1373.1, 1373.1, 1373.1, +0.7, +0.7, -0.2, -0.2
Short 1 TF 1372.4, +3.0
Total TF +1.4
Tues Apr 18 Trade Summary
20170418
Short 4 TF 1356.1, 1356.5, 1357.2, 1357.5, -1.4, -1.4, -1.4, -1.4
Short 3 TF 1358.7, 1358.7, 1358.7, +1.7, +1.7, +2.7
Long 1 TF 1356.1, -0.5
Short 2 TF 1359.9, 1359.9, +0.7, +2.6
Long 2 TF 1355.6, 1355.6, +0.7, -0.7
Short 2 TF 1355.8, 1344.7, +0.5, -0.7
Short 2 TF 1357.6, 1357.5, +1.5, -0.0
Total +4.6
Short 4 TF 1356.1, 1356.5, 1357.2, 1357.5, -1.4, -1.4, -1.4, -1.4
Short 3 TF 1358.7, 1358.7, 1358.7, +1.7, +1.7, +2.7
Long 1 TF 1356.1, -0.5
Short 2 TF 1359.9, 1359.9, +0.7, +2.6
Long 2 TF 1355.6, 1355.6, +0.7, -0.7
Short 2 TF 1355.8, 1344.7, +0.5, -0.7
Short 2 TF 1357.6, 1357.5, +1.5, -0.0
Total +4.6
Thurs Apr 13 Trade Summary
20170413
Short 2 TF 1359.3, 1359.3, +1.2, -0.5
Short 2 TF 1361.1, 1361.1, +0.7, +1.8
Long 1 TF 1357.0, +2.0
Long 2 TF 1356.5, 1356.2, +1.0, +1.0
Total TF +7.2
Short 2 TF 1359.3, 1359.3, +1.2, -0.5
Short 2 TF 1361.1, 1361.1, +0.7, +1.8
Long 1 TF 1357.0, +2.0
Long 2 TF 1356.5, 1356.2, +1.0, +1.0
Total TF +7.2
Wed Apr 12 Trade Summary
20170412
Short 2 TF 1373.2, 1373.2, +0.7, +1.1
Long 2 TF 1370.7, 1370.9, +1.0, +1.0
Long 2 TF 1367.4, 1367.4, +1.0. +1.0
Total TF +5.8
Short 2 TF 1373.2, 1373.2, +0.7, +1.1
Long 2 TF 1370.7, 1370.9, +1.0, +1.0
Long 2 TF 1367.4, 1367.4, +1.0. +1.0
Total TF +5.8
Tues Apr 11 Trade Summary
20170411
Long 2 TF 1361.3, 1361.3, -1.4, -1.4
Long 4 TF 1360.4, 1360,4, 1360.4, 1360.4, +1.4, +1.4, +2.0, +2.0
Long 1 NQ 5386.25, +6.0
Short 1 TF 1368.4, -0.4
Long 2 TF 1363.5, 1363.5, -0.7, -0.7
Long 1 NQ 5359.75, +8.0
Long 2 TF 1360.0, 1360.0, +0.7, -0.7
Long 2 TF 1359.4, 1359.4, +1.0, +3.0
Total NQ +14.0
Total TF +6.2
Long 2 TF 1361.3, 1361.3, -1.4, -1.4
Long 4 TF 1360.4, 1360,4, 1360.4, 1360.4, +1.4, +1.4, +2.0, +2.0
Long 1 NQ 5386.25, +6.0
Short 1 TF 1368.4, -0.4
Long 2 TF 1363.5, 1363.5, -0.7, -0.7
Long 1 NQ 5359.75, +8.0
Long 2 TF 1360.0, 1360.0, +0.7, -0.7
Long 2 TF 1359.4, 1359.4, +1.0, +3.0
Total NQ +14.0
Total TF +6.2
Mon Apr 10 Trade Summary
20170410
Short 2 NQ 5437.75, 5437.75, +2.0, +5.0
Short 2 TF 1371.0, 1371.0, +0.7, -0.9
Short 3 TF 1372.2, 1372.2, 1372.2, -0.0, -0.0, -0.0
Short 3 TF 1372.2, 1372.2, 1372.7, 1373.2, -0.0, -1.4, +0.3, -0.7
Short 6 TF 1376.2, 1376.2, 1375.9, 1375.9, 1375.9, 1375.9, +0.7, +0.7, +1.0, +1.0, +2.5, +2.5
Short 2 TF 1376.2, 1376.2, +0.7, +2.4
Total NQ +7.0
Total TF +9.5
Short 2 NQ 5437.75, 5437.75, +2.0, +5.0
Short 2 TF 1371.0, 1371.0, +0.7, -0.9
Short 3 TF 1372.2, 1372.2, 1372.2, -0.0, -0.0, -0.0
Short 3 TF 1372.2, 1372.2, 1372.7, 1373.2, -0.0, -1.4, +0.3, -0.7
Short 6 TF 1376.2, 1376.2, 1375.9, 1375.9, 1375.9, 1375.9, +0.7, +0.7, +1.0, +1.0, +2.5, +2.5
Short 2 TF 1376.2, 1376.2, +0.7, +2.4
Total NQ +7.0
Total TF +9.5
Fri Apr 7 Trade Summary
20170407
Long 2 TF 1360.2, +0.7, +3.0
Long 1 TF 1360.0, -1.4
Long 2 TF 1358.9, 1358.9, -1.0, -1.0
Long 4 TF 1356.2, 1356.2, 1355.9, 1355.9, +2.0, +2.0, +4.0, +4.0
Short 1 TF 1364.6, +2.0
Total TF +14.3
Long 2 TF 1360.2, +0.7, +3.0
Long 1 TF 1360.0, -1.4
Long 2 TF 1358.9, 1358.9, -1.0, -1.0
Long 4 TF 1356.2, 1356.2, 1355.9, 1355.9, +2.0, +2.0, +4.0, +4.0
Short 1 TF 1364.6, +2.0
Total TF +14.3
Thur Apr 6 Trade Summary
20170406
Long 1 NQ 5424.75, -2.0
Long 2 NQ 5419.75, -2.0, -2.0
Long 1 NQ 5412.0, +5..5
Short 3 TF 1354.4, 1354.4, 1354.6, +0.7, +0.7, +2.5
Total NQ -0.5
Total TF +3.9
Long 1 NQ 5424.75, -2.0
Long 2 NQ 5419.75, -2.0, -2.0
Long 1 NQ 5412.0, +5..5
Short 3 TF 1354.4, 1354.4, 1354.6, +0.7, +0.7, +2.5
Total NQ -0.5
Total TF +3.9
Wed Apr 5 Trade Summary
20170405
Short 3 TF 1376.7, 1376.7, 1377.1, -0.0, -0.0, -1.4
Short 3 TF 1380.1, 1380.1, 1380.4, -1.4, -1.4, -1.4
Short 6 TF 1381.0, 1381.0, 1381.0, 1381.0, 1381.5, 1381.5, +1.0, +1.0, +2.5, +2.5, +1.0, +1.0
Short 2 NQ 5461.5, 5461.5, +2.0, +5.0
Short 2 YM 20814, 20814, -8, -8
Total YM -16
Total YM +7.0
Total TF +3.4
Short 3 TF 1376.7, 1376.7, 1377.1, -0.0, -0.0, -1.4
Short 3 TF 1380.1, 1380.1, 1380.4, -1.4, -1.4, -1.4
Short 6 TF 1381.0, 1381.0, 1381.0, 1381.0, 1381.5, 1381.5, +1.0, +1.0, +2.5, +2.5, +1.0, +1.0
Short 2 NQ 5461.5, 5461.5, +2.0, +5.0
Short 2 YM 20814, 20814, -8, -8
Total YM -16
Total YM +7.0
Total TF +3.4
Thurs Mar 30 Trade Summary
20170330
Short 2 NQ 5431.25, 5431.25, -2.0, -2.0
Short 3 TF 1375.9, 1375.9, 1376.5, +0.7, +0.7, +1.5
Long 1 TF 1375.2, +1.5
Short 2 YM 20649, 20649, +7, -8
Long 3 TF 1373.7, 1372.8, 1372.4, -1.4, +1.1, +1.6
Short 2 TF 1375.9, 1375.9, -0.5, -0.5
Short 2 TF 1377.7, 1377.7 +0.7, +1.5
Total NQ -4.0
Total YM -1
Total TF +6.9
Short 2 NQ 5431.25, 5431.25, -2.0, -2.0
Short 3 TF 1375.9, 1375.9, 1376.5, +0.7, +0.7, +1.5
Long 1 TF 1375.2, +1.5
Short 2 YM 20649, 20649, +7, -8
Long 3 TF 1373.7, 1372.8, 1372.4, -1.4, +1.1, +1.6
Short 2 TF 1375.9, 1375.9, -0.5, -0.5
Short 2 TF 1377.7, 1377.7 +0.7, +1.5
Total NQ -4.0
Total YM -1
Total TF +6.9
Wed Mar 29 Trade Summary
20170329
Short 2 TF 1363.9, 1363.9, -0.7, -0.7
Long 3 TF 1362.6, 1362.6, 1362.6, +0.7, -0.0, -0.0
Short 2 NQ 5321.0, 5321.0, -0.0, -0.0
Long 2 NQ 5317.75, 5318.0, +3.0, +5.0
Short 2 TF 1368.6, 1368.4, +0.7, +1.4
Short 1 NQ 5323.25, +2.0
Short 2 TF 1371.5, 1371.5, +1.5, +1.5
Long 2 NQ 5322.25, 5322.25, +2.0, -0.0
Long 1 NQ 5319.0, +2.0
Total NQ +14.0
Total TF +4.4
Short 2 TF 1363.9, 1363.9, -0.7, -0.7
Long 3 TF 1362.6, 1362.6, 1362.6, +0.7, -0.0, -0.0
Short 2 NQ 5321.0, 5321.0, -0.0, -0.0
Long 2 NQ 5317.75, 5318.0, +3.0, +5.0
Short 2 TF 1368.6, 1368.4, +0.7, +1.4
Short 1 NQ 5323.25, +2.0
Short 2 TF 1371.5, 1371.5, +1.5, +1.5
Long 2 NQ 5322.25, 5322.25, +2.0, -0.0
Long 1 NQ 5319.0, +2.0
Total NQ +14.0
Total TF +4.4
Tues Mar 28 Trade Summary
20170328
Long 2 TF 1352.9, 1352.9, -1.5, -1.5
Long 3 TF 1351.3, 1351.3, 1351.3, +1.4, +1.4, -1.0
Long 2 NQ 5365.0, 5365.0, +3.0, +7.0
Short 3 TF 1355.5, 1355.4, 1355.4, +0.7, +1.0, +1.4
Long 3 TF 1351.2, 1351.2, 1350.4, +0.2, +0.2, +2.0
Total NQ +10.0
Total TF +4.3
Long 2 TF 1352.9, 1352.9, -1.5, -1.5
Long 3 TF 1351.3, 1351.3, 1351.3, +1.4, +1.4, -1.0
Long 2 NQ 5365.0, 5365.0, +3.0, +7.0
Short 3 TF 1355.5, 1355.4, 1355.4, +0.7, +1.0, +1.4
Long 3 TF 1351.2, 1351.2, 1350.4, +0.2, +0.2, +2.0
Total NQ +10.0
Total TF +4.3
Mon Mar 27 Trade Summary
20170327
Short 2 TF 1336.1, 1336.1, +0.7, -0.7
Short 3 TF 1339.9, 1339.9, 1340.4, +1.0, +1.0, +2.0
Short 2 TF 1338.8, 1338.9, +1.0, +2.0
Total TF +7.0
Short 2 TF 1336.1, 1336.1, +0.7, -0.7
Short 3 TF 1339.9, 1339.9, 1340.4, +1.0, +1.0, +2.0
Short 2 TF 1338.8, 1338.9, +1.0, +2.0
Total TF +7.0
Fri Mar 24 Trades & Journal
20170324
Short 2 NQ 5383.5, 5383.5, -2.25, -2.25
Short 2 NQ 5389.0, 5389.3, -2.0, -2.0
Short 4 TF 1370.4, 1370.4, 1370.4, 1370.4, +0.7, +0.7, +3.0, +3.0
Short 2 TF 1359.8, 1360.0, +1.1, +0.7
Short 4 TF 1361.4, 1361.4, 1361.4, 1361.4, +0.7, +0.7, +2.3, +2.3
Total NQ -8.5
Total TF +15.2
Many, many years ago (I started trading futures in 1979) I took training in the S&P pit. It didn't take me long before I realized how unfit I was for the ordeal of the noise and the crowd. However, I did learn something very important that surprised me about pit traders. They tend to trade around the edges. If you relayed to them the axiom from the basic traders rule book that warns never to sell a new high or buy a new low, they'd just laugh at you. That's where they spend most of their time. And since many new traders believe the market is supposed to benefit them with a trend, trying to first define how a trend is determined and then trade only in that pre-determined direction is the main thrust of their efforts. And indeed, if most days were of the Persistent Trend Day model, the actions of taking breakouts in the perceived trend direction or buying narrow pullbacks to that trend would succeed on a regular basis. But it does not. Most days consolidate, correct, swing and overlap whatever trend can be perceived in previous action. So when I discovered Serial Sequent as the tool most likely to identify those breakouts that would fail, I looked for the extremes to trade into, fading the breakout as the market relaxes, and riding the reversal of climax action back in the opposing direction. That put me in sync with the market's action on some 80% of trading days. And once the technique of using rising sell-stops as entries for shorts and falling buy-stops as entries for longs became natural, catching fills as the market broke 'can't break' climax zones became common. Before that, I never knew such fills were possible. And even now, I'll come across the over-educated student who still insists they are not. ...oh, but how inflexible we become in our ways...
Short 2 NQ 5383.5, 5383.5, -2.25, -2.25
Short 2 NQ 5389.0, 5389.3, -2.0, -2.0
Short 4 TF 1370.4, 1370.4, 1370.4, 1370.4, +0.7, +0.7, +3.0, +3.0
Short 2 TF 1359.8, 1360.0, +1.1, +0.7
Short 4 TF 1361.4, 1361.4, 1361.4, 1361.4, +0.7, +0.7, +2.3, +2.3
Total NQ -8.5
Total TF +15.2
Many, many years ago (I started trading futures in 1979) I took training in the S&P pit. It didn't take me long before I realized how unfit I was for the ordeal of the noise and the crowd. However, I did learn something very important that surprised me about pit traders. They tend to trade around the edges. If you relayed to them the axiom from the basic traders rule book that warns never to sell a new high or buy a new low, they'd just laugh at you. That's where they spend most of their time. And since many new traders believe the market is supposed to benefit them with a trend, trying to first define how a trend is determined and then trade only in that pre-determined direction is the main thrust of their efforts. And indeed, if most days were of the Persistent Trend Day model, the actions of taking breakouts in the perceived trend direction or buying narrow pullbacks to that trend would succeed on a regular basis. But it does not. Most days consolidate, correct, swing and overlap whatever trend can be perceived in previous action. So when I discovered Serial Sequent as the tool most likely to identify those breakouts that would fail, I looked for the extremes to trade into, fading the breakout as the market relaxes, and riding the reversal of climax action back in the opposing direction. That put me in sync with the market's action on some 80% of trading days. And once the technique of using rising sell-stops as entries for shorts and falling buy-stops as entries for longs became natural, catching fills as the market broke 'can't break' climax zones became common. Before that, I never knew such fills were possible. And even now, I'll come across the over-educated student who still insists they are not. ...oh, but how inflexible we become in our ways...
Thurs Mar 23 Trade Summary
20170323
Short 4 TF 1349.7, 1349.7, 1350.4, 1350.7, +0.7, +0.7, +1.4, +1.6
Short 3 TF 1357.0, 1357.0, 1357.0, +0.5, -0.0, +1.0
Short 1 TF 1357.6, -0.6
Short 2 TF 1357.9, 1357.9, +0.7, +1.4
Total TF +7.4
Short 4 TF 1349.7, 1349.7, 1350.4, 1350.7, +0.7, +0.7, +1.4, +1.6
Short 3 TF 1357.0, 1357.0, 1357.0, +0.5, -0.0, +1.0
Short 1 TF 1357.6, -0.6
Short 2 TF 1357.9, 1357.9, +0.7, +1.4
Total TF +7.4
Tues Mar 21 Trade Summary
20170321
Long 2 TF 1386.9, 1387.1, -1.4, -0.0
Long 2 TF 1383.3, 1383.5, -1.4, -1.4, -1.4, -1.4
Long 6 TF 1381.1, 1381.1, 1381.1, 1381.1, 1381.1, 1381.1, -0.7, -0.7, -0.7, -0.7, -0.7, -0.7
Long 8 TF 1375.3, 1375.3, 1375.3, 1375.3, 1375.3, 1375.3, 1375.5, 1375.5, +2.2, +2.2, +2.2, +2.2, +1.5, +1.5,+2.0, +2.0,
Long 4 TF 1372.1, 1372.1, 1371.7, 1371.7, -1.4, -1.4, -1.4, -1.4
Long 2 TF 1369.7, 1369.7, -1.4, -1.4
Long 6 TF 1368.6, 1368.6, 1368.6, 1368.6, 1368.6, 1368.6, +2.0, +2.0, +2.0, +2.0, +2.0, +2.0
Total TF +8.2
Long 2 TF 1386.9, 1387.1, -1.4, -0.0
Long 2 TF 1383.3, 1383.5, -1.4, -1.4, -1.4, -1.4
Long 6 TF 1381.1, 1381.1, 1381.1, 1381.1, 1381.1, 1381.1, -0.7, -0.7, -0.7, -0.7, -0.7, -0.7
Long 8 TF 1375.3, 1375.3, 1375.3, 1375.3, 1375.3, 1375.3, 1375.5, 1375.5, +2.2, +2.2, +2.2, +2.2, +1.5, +1.5,+2.0, +2.0,
Long 4 TF 1372.1, 1372.1, 1371.7, 1371.7, -1.4, -1.4, -1.4, -1.4
Long 2 TF 1369.7, 1369.7, -1.4, -1.4
Long 6 TF 1368.6, 1368.6, 1368.6, 1368.6, 1368.6, 1368.6, +2.0, +2.0, +2.0, +2.0, +2.0, +2.0
Total TF +8.2
Mon Mar 20 Trades and Journal
20170320
Short 2 YM 20856, 20856, +5, -5
Short 4 TF 1383.7, 1383.7 1384.0, 1384.0, +0.7, +0.5, +0.7, -0.7
Short 6 TF 1384.7, 1384.7, 1385.2, 1386.0, 1386.2, 1386.2, -1.7, -1.7, -1.4, -1.4, -1.4, -1.4
Short 6 TF 1387.4, 1387.4, 1387.4, 1387.4, 1387.4, 1387.4, +3.0, +3.0, +3.0, +3.0, +3.0, +3.0
Total YM -0
Total TF +10.2
Breadth and divergence can be very tricky. Sometimes the TF contract can be a good 'tell' as to the market's eventual intentions. But leadership can take turns. And in the give in take of a game of tug-a-war, one side can get dragged into playing catch-up to the other before getting its footing and regaining the upper hand. However, my early shorts in the TF today were a bit excessive. I lacked patience and needed just a bit more of a wait-n-see aspect to the development. But what's worst of all, is how many times this has happened to me. Lessons are hard to learn..... Stay focused. Learn from your mistakes.
Short 2 YM 20856, 20856, +5, -5
Short 4 TF 1383.7, 1383.7 1384.0, 1384.0, +0.7, +0.5, +0.7, -0.7
Short 6 TF 1384.7, 1384.7, 1385.2, 1386.0, 1386.2, 1386.2, -1.7, -1.7, -1.4, -1.4, -1.4, -1.4
Short 6 TF 1387.4, 1387.4, 1387.4, 1387.4, 1387.4, 1387.4, +3.0, +3.0, +3.0, +3.0, +3.0, +3.0
Total YM -0
Total TF +10.2
Breadth and divergence can be very tricky. Sometimes the TF contract can be a good 'tell' as to the market's eventual intentions. But leadership can take turns. And in the give in take of a game of tug-a-war, one side can get dragged into playing catch-up to the other before getting its footing and regaining the upper hand. However, my early shorts in the TF today were a bit excessive. I lacked patience and needed just a bit more of a wait-n-see aspect to the development. But what's worst of all, is how many times this has happened to me. Lessons are hard to learn..... Stay focused. Learn from your mistakes.
Fri Mar 17 Trade Summary
20170317
Long 2 TF 1381.7, 1381.7, -1.0, -1.0
Long 2 YM 20890, 20890, +7, -2
Long 2 NQ 5414.0, 5414.0, +2.0, -2.0
Short 2 NQ 54.14.25, 5414.5, -0.0, -0.0
Long 3 YM 20876, 20876, 20876, +7, -2, -4
Long 2 TF 1381.5, 1381.5, +0.7, -0.5
PM Trades:
Short 2 TF 1387.6, 1387.6, -0.3, -0.7
Short 2 TF 1389.3, +.04, +1.1
Total YM +6
Total NQ -0.0
Total TF -1.3
Long 2 TF 1381.7, 1381.7, -1.0, -1.0
Long 2 YM 20890, 20890, +7, -2
Long 2 NQ 5414.0, 5414.0, +2.0, -2.0
Short 2 NQ 54.14.25, 5414.5, -0.0, -0.0
Long 3 YM 20876, 20876, 20876, +7, -2, -4
Long 2 TF 1381.5, 1381.5, +0.7, -0.5
PM Trades:
Short 2 TF 1387.6, 1387.6, -0.3, -0.7
Short 2 TF 1389.3, +.04, +1.1
Total YM +6
Total NQ -0.0
Total TF -1.3
Thurs Mar 16 Trade Summary
20170316
Short 2 TF 1384.9, 1384.9, +0.5, -.5
Short 2 TF 1384.9, 1384.9, +0.7, +1.0
Short 2 NQ 5424.0, 5424.0, +2.0, +3.0
Long 4 TF 1385.0, 1384.9, 1384.0, 1384.1, -0.0, -0.1, +1.1, +1.0
Long 1 NQ 5413.75, +1.0
Total NQ +6.0
Total TF +3.7
Short 2 TF 1384.9, 1384.9, +0.5, -.5
Short 2 TF 1384.9, 1384.9, +0.7, +1.0
Short 2 NQ 5424.0, 5424.0, +2.0, +3.0
Long 4 TF 1385.0, 1384.9, 1384.0, 1384.1, -0.0, -0.1, +1.1, +1.0
Long 1 NQ 5413.75, +1.0
Total NQ +6.0
Total TF +3.7
Wed Mar 15 Trade Summary
20170315
Short 2 TF 1370.4, 1370.4, +1.3, +1.0
Short 1 TF 1370.4, -0.4
Short 2 TF 1371.0, 1370.8, -0.0, -0.6
Long 1 TF 1371.6, -0.1
Long 2 TF 1369.5, 1369.5, +0.5, +1.7
Short 1 TF 1379.3, -0.7
Short 2 TF 1374.7, 1374.7, +0.5, +1.4
Total TF +4.6
Short 2 TF 1370.4, 1370.4, +1.3, +1.0
Short 1 TF 1370.4, -0.4
Short 2 TF 1371.0, 1370.8, -0.0, -0.6
Long 1 TF 1371.6, -0.1
Long 2 TF 1369.5, 1369.5, +0.5, +1.7
Short 1 TF 1379.3, -0.7
Short 2 TF 1374.7, 1374.7, +0.5, +1.4
Total TF +4.6
Tues Mar 14 Trade Summary
20170314
Long 1 YM 20756, -7
Long 2 NQ 5364.75, 63.54.75, +3.0, +7.0
Short 2 TF 1354.9, 1354.9, -2.0, -2.0
Short 2 NQ 5374.25, 5374.25, +2.0, +5.0
Short 3 TF 1357.8, 1357.8, 1357.8, +1.6, +1.6, +1.6
Short 2 YM 20814, 20814, +7, -2
Short 1 TF 1359.8, +1.5
Total YM -2
Total NQ +17.0
Total TF +2.3
Long 1 YM 20756, -7
Long 2 NQ 5364.75, 63.54.75, +3.0, +7.0
Short 2 TF 1354.9, 1354.9, -2.0, -2.0
Short 2 NQ 5374.25, 5374.25, +2.0, +5.0
Short 3 TF 1357.8, 1357.8, 1357.8, +1.6, +1.6, +1.6
Short 2 YM 20814, 20814, +7, -2
Short 1 TF 1359.8, +1.5
Total YM -2
Total NQ +17.0
Total TF +2.3
Mon Mar 13 Trade Summary
Trade Summary
20170313
Long 2 TF 1364.5, 1364.5, +1.0, +2.0
Short 4 TF 1368.3, 1368.1, 1368.2, 1368.6, -2.0, -2.0, -1.4, -1.4
Short 6 TF 1371.6, 1371.6, 1371.6, 1371.6, 1371.6, 1371.6, +2.0, +2.0, +2.0, +1.5, +3.0, +3.0
Short 2 TF 1371.4, 11373.1, -0.5, +1.2
Long 2 TF 1369.2, 1369.2, +0.7, +1.5
Total TF +12.6
20170313
Long 2 TF 1364.5, 1364.5, +1.0, +2.0
Short 4 TF 1368.3, 1368.1, 1368.2, 1368.6, -2.0, -2.0, -1.4, -1.4
Short 6 TF 1371.6, 1371.6, 1371.6, 1371.6, 1371.6, 1371.6, +2.0, +2.0, +2.0, +1.5, +3.0, +3.0
Short 2 TF 1371.4, 11373.1, -0.5, +1.2
Long 2 TF 1369.2, 1369.2, +0.7, +1.5
Total TF +12.6
Fri Mar 10 Trade Summary
20170310
Short 1 TF 1366.4, -0.7
Long 3 TF 1364.7, 1364.7, 1364.6, +1.0, +1.0, -0.3
Long 2 TF 1364.2, 1364.4, +2.0, +2.0
Short 2 TF 1368.1, 1368.1, -0.1, -0.1
Long 3 TF 1363.4, 1363.4, 1363.0, +1.0, +0.7, +1.0
Total TF +7.5
Short 1 TF 1366.4, -0.7
Long 3 TF 1364.7, 1364.7, 1364.6, +1.0, +1.0, -0.3
Long 2 TF 1364.2, 1364.4, +2.0, +2.0
Short 2 TF 1368.1, 1368.1, -0.1, -0.1
Long 3 TF 1363.4, 1363.4, 1363.0, +1.0, +0.7, +1.0
Total TF +7.5
Thurs Mar 9 Trade Summary
20170309
Short 1 TF 1164.5, +1.0
Long 1 TF 1165.0, -0.1
Short 1 NQ 5360.75, -2.0
Short 2 TF 1367.4, 1367.4, -0.2, -0.2
Short 2 NQ 5366.0, 5366.0, +2.0, +4.0
Short 2 TF 1368.8, 1368.8, +0.7, -0.7
Short 2 YM 20892, 20892, -2, -2
Long 2 TF 1167.8, 1367.8, +0.7, +1.1
Long 1 NQ 5352.25, -1.0
Long 2 NQ 5360, 5360.0, +2.0, +3.0
Long 2 TF 1366.4. 1366.4, +0.7, +1.4
Long 2 TF 1365.0, 1365.1, +0.5, -0.7
Long 4 TF 1364.0, 1364.0, 1364.0, 1364.0, +0.5, +0.5, +1.9, +1.6
Total NQ +8.0
Total TF +8.7
Short 1 TF 1164.5, +1.0
Long 1 TF 1165.0, -0.1
Short 1 NQ 5360.75, -2.0
Short 2 TF 1367.4, 1367.4, -0.2, -0.2
Short 2 NQ 5366.0, 5366.0, +2.0, +4.0
Short 2 TF 1368.8, 1368.8, +0.7, -0.7
Short 2 YM 20892, 20892, -2, -2
Long 2 TF 1167.8, 1367.8, +0.7, +1.1
Long 1 NQ 5352.25, -1.0
Long 2 NQ 5360, 5360.0, +2.0, +3.0
Long 2 TF 1366.4. 1366.4, +0.7, +1.4
Long 2 TF 1365.0, 1365.1, +0.5, -0.7
Long 4 TF 1364.0, 1364.0, 1364.0, 1364.0, +0.5, +0.5, +1.9, +1.6
Total NQ +8.0
Total TF +8.7
Wed Mar 8 Trades & Journal
20170308
Short 2 TF 1381.6, 1381.4, 1382.1, +0.4, -0.0, +1.5
Long 1 TF 1378.6, -0.1
Long 2 TF 1377.3, 1377.5, +1.1, +1.5
Long 1 TF 1377.3, -0.6
Short 5 TF 1376.3, 1376.3, 1377.2, 1377.2, 1377.4, -1.6, -1.6, -0.7, -0.7, -0.8
Long 2 NQ 5364.25, 5364.25, +2.0, +3.0
Long 2 TF 1371.0, 1371.0, +0.5, -0.0
Long 2 NQ 5355.0, 5355.5, +2.0, +3.0
Short 2 TF 1374.1, 1373.9, -0.0, +1.2
Total NQ +10.0
Total TF +0.1
Most of my losing days are associated with large divergences between the indices. If it's the NQ going one way, the TF is going the other. The larger frame charts have told this story well over the last few months, and is echoed down into the lowest time frames in tandem. Sometimes, the best strategy is just to take both signals, even if it puts you into opposing positions. One will surely fail eventually. The problem is, one failing does not assure that the other will succeed, as opposing trend directions often produce very choppy, stutter-step action. Therefore, you can lose in both...
So, on such days of obvious divergence in trend, keep your loses small, reduce your frequency of trades and your trade size. Some days are better trading than others....
Short 2 TF 1381.6, 1381.4, 1382.1, +0.4, -0.0, +1.5
Long 1 TF 1378.6, -0.1
Long 2 TF 1377.3, 1377.5, +1.1, +1.5
Long 1 TF 1377.3, -0.6
Short 5 TF 1376.3, 1376.3, 1377.2, 1377.2, 1377.4, -1.6, -1.6, -0.7, -0.7, -0.8
Long 2 NQ 5364.25, 5364.25, +2.0, +3.0
Long 2 TF 1371.0, 1371.0, +0.5, -0.0
Long 2 NQ 5355.0, 5355.5, +2.0, +3.0
Short 2 TF 1374.1, 1373.9, -0.0, +1.2
Total NQ +10.0
Total TF +0.1
Most of my losing days are associated with large divergences between the indices. If it's the NQ going one way, the TF is going the other. The larger frame charts have told this story well over the last few months, and is echoed down into the lowest time frames in tandem. Sometimes, the best strategy is just to take both signals, even if it puts you into opposing positions. One will surely fail eventually. The problem is, one failing does not assure that the other will succeed, as opposing trend directions often produce very choppy, stutter-step action. Therefore, you can lose in both...
So, on such days of obvious divergence in trend, keep your loses small, reduce your frequency of trades and your trade size. Some days are better trading than others....
Mon Mar 6 Trade Summary
20170306
Short 1 NQ 5354.25 +3.0
Short 1 TF 1382.5, -0.3
Short 1 TF 1385.0, +2.3
Short 1 TF 1383.8, +1.2
Long 1 TF 1379.9, -0.7
Long 2 TF 1372.2, +0.7, +1.5
Total NQ +3.0
Total TF +4.7
Short 1 NQ 5354.25 +3.0
Short 1 TF 1382.5, -0.3
Short 1 TF 1385.0, +2.3
Short 1 TF 1383.8, +1.2
Long 1 TF 1379.9, -0.7
Long 2 TF 1372.2, +0.7, +1.5
Total NQ +3.0
Total TF +4.7
Fri Mar 3 Trade Summary
20170303
Short 3 TF 1399.1, 1400.1, 1400.3, -1.4, -0.0, +1.1
Long 2 TF 1396.1, 1396.1, 1395.6, -1.4, -1.4, -1.4
Long 4 TF 1393.5, 1393.5, 1393.5, 1393.5, -1.4, -1.4, -1.4, -1.4
Long 4 TF 1389.9, 1389.9, 1389.9, 1289.9, +3.2, +3.2, +3.2, +3.2
Long 2 TF 1388.1, 1388.1, -1.4, -1.4
Long 3 TF 1387.5, 1387.5, 1387.7, -0.5, -0.5, +0.7
Long 2 TF 1386.9, 1386.9, +1.5, +2.2
Total TF +3.3
Short 3 TF 1399.1, 1400.1, 1400.3, -1.4, -0.0, +1.1
Long 2 TF 1396.1, 1396.1, 1395.6, -1.4, -1.4, -1.4
Long 4 TF 1393.5, 1393.5, 1393.5, 1393.5, -1.4, -1.4, -1.4, -1.4
Long 4 TF 1389.9, 1389.9, 1389.9, 1289.9, +3.2, +3.2, +3.2, +3.2
Long 2 TF 1388.1, 1388.1, -1.4, -1.4
Long 3 TF 1387.5, 1387.5, 1387.7, -0.5, -0.5, +0.7
Long 2 TF 1386.9, 1386.9, +1.5, +2.2
Total TF +3.3
Wed Mar 1 Trade Summary
20170301
Short 1 TF 1408.3, +2.2
Short 2 TF 1407.4, 1407.4, +1.0, +1.7
Short 1 YM 21046, -0.0
Short 1 YM 21049, -7
Short 2 YM 21056, 21056, -0, -0
Short 1 YM 21054, -3
Long 1 TF 1407.6, -0.7
Long 1 TF 1406.8, +1.4
Total YM -10
Total TF +5.6
Short 1 TF 1408.3, +2.2
Short 2 TF 1407.4, 1407.4, +1.0, +1.7
Short 1 YM 21046, -0.0
Short 1 YM 21049, -7
Short 2 YM 21056, 21056, -0, -0
Short 1 YM 21054, -3
Long 1 TF 1407.6, -0.7
Long 1 TF 1406.8, +1.4
Total YM -10
Total TF +5.6
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