20180521
Short 1 NQ 6944.0, -3.0
Short 2 NQ 6947.0, 6947.0, +3, -1.5
Short 3 NQ 6956.0, 6956.0, 6956.0, +2.0, +2.0, +9.0
Short 1 YM 25026, +20
Long 1 YM 24986, -1
Long 1 NQ 6938.25, +2.0
Short 2 YM 25050, 25050, -10, -10
Short 1 NQ 6946.5, +7.0
Short 2 YM 25077, 25078, +7, +21
Total YM +27
Total NQ +20.5
Break-outs, (or 'break-downs', if direction makes a difference to your thinking) are more inconsistent than fades. Although Serial Sequent focuses only on a very precise fractal algorithm to focus fade entries, in truth, many attempts along the way of a trend to continue usually elicit an immediate rejection, and thus produce a profit when 'faded'. But it's the clean breakouts that produce the most immediate profits, and thus attract the most interest from 'momentum players' in the trading arena. ....but picking the right breakout levels and fractal algorithms is far trickier. The best breakouts--at least for my own trading, are those I usually miss. Either I don't see them coming, or I have discounted them, discarded them, or otherwise managed to dissuade myself of their potential. In other words, I have blocked them out of consideration. Whenever this happens to your trading for the appearance of a particular trade entry model, it is a huge opportunity to gleam the insight necessary for better trading. In trading, always go wherever your apprehensions are leading you away. Any thought that says 'that can't be true', is probably about to happen. Most reasons for you not taking a trade that is among your current Trade Plan entry models is one far more likely to produce the sought after profits--but from in the opposite trend direction than anticipated. Your apprehensions are a guidepost. In fact, they may be the best guidepost you can have for gauging the crowd. If you are so apprehensive of the event, so is the crowd, and it's trading AGAIST the crowd that produces the best results. Nowhere is this more prevalent than at sharply impulsive breakouts. That's why they move so well. They have come at a surprise to the majority. They are stopping out the crowd and proving them wrong. ...and nowhere is there a better place to take a position in the markets.
Study your trading with an eye to where you were at mentally in the precise action just at the precipice of those impulse breakouts. What was preventing you from taking that trade? Relive that moment. Savor the flavor of your misleading emotions. Those emotions will no doubt return to you. And although it's not really possible or wise to enter trades on the model of fading your own emotions, they can nonetheless be the beacon of light exposing the Trade Entry Model your Trader is being blocked from taking. Today, this happened to me in a very precise place. And although I was already finished trading for the frame, and only calling out in chat the technical models as they unfolded to the group of students who were still at their screens and in the chat room, I was completely unable to even consider a perfect breakout model example because of my faulty trade prejudices at the time. I've come back to study that place now more precisely. I'll go for coffee and give it some more thought. And then later, after I've gone on to other activities and forgotten about it completely for awhile, I'll revisit it again. Only in this way can you ever really learn to overcome some habit of blocking that is impeding the better aspects of the Trader behavior you are pursing. Be the Trade Plan, not the prejudice. Every negative apprehension is in fact it's own prediction, arriving in disguise. Predictions are crippling to the Trader. They belong to the world of the Analyst. The Analyst is not allowed to trade. Review the Trade Plan. Once the tape is going, it doesn't matter about the Analyst's or the Account's apprehensions. You are the Trader. Trade the Plan. A trade in the Trade Plan not taken is just as much an egregious trading error as a trade taken but unsuccessful. ...in fact, it may be more so.
Fri May 18 Trade Signal Summary
20180518
Short 2 RTY 1629.2, 1629.2, -.4, -.5
Short 2 RTY 1629.7, 1629.7, -.5, -.6
Long 1 YM 24705, -3
Long 1 NQ 6873.5, +10.0
Long 2 NQ 6867.5, 6867.5, +2.0, +10.0
Short 1 NQ 6880.5, +5.0
Total YM -3
Total RTY -2.0
Total NQ +27.0
Short 2 RTY 1629.2, 1629.2, -.4, -.5
Short 2 RTY 1629.7, 1629.7, -.5, -.6
Long 1 YM 24705, -3
Long 1 NQ 6873.5, +10.0
Long 2 NQ 6867.5, 6867.5, +2.0, +10.0
Short 1 NQ 6880.5, +5.0
Total YM -3
Total RTY -2.0
Total NQ +27.0
Thur May 17 Trade Signal Summary
20180517
Long 1 NQ 6914.0, -2.0
Long 1 NQ 6908.0, +8.0
Short 2 NQ 6918.0, 6919.0, -3.0, +2.0
Short 2 NQ 2923.75, 6922.75, +3.0, +8.0
Short 2 RTY 1624.7, 1624.7, -0.1, -0.1
Short 2 NQ 6930.5, 6930.75, -3.0, -3.0
Short 3 NQ 6933.0, 6933.0, 6933.0, +3.0, +3.0, +5.5
Short 1 NQ 6934.25, -1.0
Short 2 RTY 1625.6, 1625.9, +.7, -1.0
Short 1 ES 2730.25, -0.0
Short 2 NQ 6955.5, 6956.5, -1.5, +2.25
Short 2 RTY 1629.0, 1628.9, -.5, +1.0
Short 1 NQ 6961.0, +10.0
Total ES -0.0
Total RTY -0.0
Total NQ +31.25
Long 1 NQ 6914.0, -2.0
Long 1 NQ 6908.0, +8.0
Short 2 NQ 6918.0, 6919.0, -3.0, +2.0
Short 2 NQ 2923.75, 6922.75, +3.0, +8.0
Short 2 RTY 1624.7, 1624.7, -0.1, -0.1
Short 2 NQ 6930.5, 6930.75, -3.0, -3.0
Short 3 NQ 6933.0, 6933.0, 6933.0, +3.0, +3.0, +5.5
Short 1 NQ 6934.25, -1.0
Short 2 RTY 1625.6, 1625.9, +.7, -1.0
Short 1 ES 2730.25, -0.0
Short 2 NQ 6955.5, 6956.5, -1.5, +2.25
Short 2 RTY 1629.0, 1628.9, -.5, +1.0
Short 1 NQ 6961.0, +10.0
Total ES -0.0
Total RTY -0.0
Total NQ +31.25
Wed May 16 Trade Signal Summary
20180516
Long 2 NQ 6898.75, 6897.75, +3.0, +6.0
Short 2 NQ 69.18.25, 6917.50, +2.0, -3.0
Short 2 RTY 1610.1, 1610.3, -1.5, ,-1.5
Short 1 NQ 6921.0, -2.25
Short 3 NQ 6922.25, 6922.25, 6920.25, +5.5, +5.0, +2.0
Short 2 YM 24719, 24723, -0.0, -13
Short 1 NQ 6928.75, -2.25
Short 2 NQ 6931.5, 6931.5, +2.0, -2.5
Total YM -13
Total NQ +15.5
Total RTY -3.0
Long 2 NQ 6898.75, 6897.75, +3.0, +6.0
Short 2 NQ 69.18.25, 6917.50, +2.0, -3.0
Short 2 RTY 1610.1, 1610.3, -1.5, ,-1.5
Short 1 NQ 6921.0, -2.25
Short 3 NQ 6922.25, 6922.25, 6920.25, +5.5, +5.0, +2.0
Short 2 YM 24719, 24723, -0.0, -13
Short 1 NQ 6928.75, -2.25
Short 2 NQ 6931.5, 6931.5, +2.0, -2.5
Total YM -13
Total NQ +15.5
Total RTY -3.0
Tues May 15 Trades & Journal
20180515
Short 2 RTY 1594.1, 1594.1, -1.4, -1.4
Short 3 RTY 1596.1, 1596.1, 1596.1, +1.4, +1.4, -0.5
Long 2 NQ 6875..5, 6875.5, +5.0, -5.5
Short 2 RTY 1597.6, 1598.2, +1.5, +1.2
Short 1 NQ 6880.2, -2.0
Short 3 NQ 6884.25, 6884.25, 6883.75, +6.0, +6.0, -0.0
Short 1 YM 24691, -0
Short 1 NQ 6884.75, -2.25
Short 1 NQ 6894.0, -2.25
Short 2 NQ 6897.5, 6897.5, 6897.75, -2.25, -2.25, -2.5
Short 4 NQ 6904.5, 6904.5, 6904.5, 6904.5, -3.0, -3.0, -3.0, -3.0
Short 5 YM 24723, 24723, 24723, 24723, 24723, +30, +30, +30, +30, +30
Total YM +150
Total NQ -14.0
Total RTY +2.2
If Test-n-Reject is the most common model of price in the 1st Frame of the day, then the 2nd trend is more likely to be true--and of a surprise--than the first. Emotionally, however, the 2nd trend is always easier to fade than the first. ...and here's the subtlety, for the more experienced trader, MISSING the turn of the 1st trend of the day can trigger a need to take trades in the less highly probable 2nd trend simply because of an overwhelming need to participate in the action, and to revenge the market for having successfully turned already without you. Today I was guilty of this rookie mistake, and the surprising strength of the 2nd trend in the NQ stopped me out successively, erasing all earlier NQ profits. Thus the YM trade became an act of revenge itself, and it was pure luck I was not also stopped out of that one. Somehow, I escaped my own blunders today, but I cannot claim in pride in my behavior. Respect the 2nd Trend of the frame. If the market has successfully turned from the 1st Trend price extreme, it's probably not a pullback in the first trend at all, but a roaring 2nd trend. And until it is sufficiently spent within the measurements of its own parameters instead of the measurements against the 1st trend from which it has come, all early fades will suffer the consequences. "Second trends are where the surprises hide", my mentor had to remind me. ....and even today, I still make that mistake.
Short 2 RTY 1594.1, 1594.1, -1.4, -1.4
Short 3 RTY 1596.1, 1596.1, 1596.1, +1.4, +1.4, -0.5
Long 2 NQ 6875..5, 6875.5, +5.0, -5.5
Short 2 RTY 1597.6, 1598.2, +1.5, +1.2
Short 1 NQ 6880.2, -2.0
Short 3 NQ 6884.25, 6884.25, 6883.75, +6.0, +6.0, -0.0
Short 1 YM 24691, -0
Short 1 NQ 6884.75, -2.25
Short 1 NQ 6894.0, -2.25
Short 2 NQ 6897.5, 6897.5, 6897.75, -2.25, -2.25, -2.5
Short 4 NQ 6904.5, 6904.5, 6904.5, 6904.5, -3.0, -3.0, -3.0, -3.0
Short 5 YM 24723, 24723, 24723, 24723, 24723, +30, +30, +30, +30, +30
Total YM +150
Total NQ -14.0
Total RTY +2.2
If Test-n-Reject is the most common model of price in the 1st Frame of the day, then the 2nd trend is more likely to be true--and of a surprise--than the first. Emotionally, however, the 2nd trend is always easier to fade than the first. ...and here's the subtlety, for the more experienced trader, MISSING the turn of the 1st trend of the day can trigger a need to take trades in the less highly probable 2nd trend simply because of an overwhelming need to participate in the action, and to revenge the market for having successfully turned already without you. Today I was guilty of this rookie mistake, and the surprising strength of the 2nd trend in the NQ stopped me out successively, erasing all earlier NQ profits. Thus the YM trade became an act of revenge itself, and it was pure luck I was not also stopped out of that one. Somehow, I escaped my own blunders today, but I cannot claim in pride in my behavior. Respect the 2nd Trend of the frame. If the market has successfully turned from the 1st Trend price extreme, it's probably not a pullback in the first trend at all, but a roaring 2nd trend. And until it is sufficiently spent within the measurements of its own parameters instead of the measurements against the 1st trend from which it has come, all early fades will suffer the consequences. "Second trends are where the surprises hide", my mentor had to remind me. ....and even today, I still make that mistake.
Mon May 14 Trade Signal Summary
20180514
Short 5 RTY 1614.6, 1614.6, 1615.3, 1615.6, 1615.9, -0.0, -0.0, +2.0, +2.0, +1.5
Long 2 RTY 1611.0, 1610.8, +1.4, +0.7
Short 1 NQ 7004.0, +5.0
Short 2 NQ 7006.0, 7007.0, -3.0, -3.0
Short 2 NQ 7013.0, 7012.75, +2.0, +6.5
Short 2 ES 2740.75, 2740.75, +1.0, +2.0
Total ES +3.0
Total NQ +7.5
Total RTY +7.6
Short 5 RTY 1614.6, 1614.6, 1615.3, 1615.6, 1615.9, -0.0, -0.0, +2.0, +2.0, +1.5
Long 2 RTY 1611.0, 1610.8, +1.4, +0.7
Short 1 NQ 7004.0, +5.0
Short 2 NQ 7006.0, 7007.0, -3.0, -3.0
Short 2 NQ 7013.0, 7012.75, +2.0, +6.5
Short 2 ES 2740.75, 2740.75, +1.0, +2.0
Total ES +3.0
Total NQ +7.5
Total RTY +7.6
Fri May 11 Trade Signal Summary
Trade Summary
20180511
Long 1 NQ 6946.0, -3.0
Long 2 NQ 6944.25, 6944.25, +4.0, +7.5
Short 2 NQ 6964.25, 6963.25, +4.0, +7.0
Short 2 RTY 1610.3, 1610.2, +1.2, +1.1
Short 1 RTY 1610.3, +1.1
Long 2 RTY 1606.5, 1606.5, +0.7, +1.0
Total NQ +19.5
Total RTY +5.1
20180511
Long 1 NQ 6946.0, -3.0
Long 2 NQ 6944.25, 6944.25, +4.0, +7.5
Short 2 NQ 6964.25, 6963.25, +4.0, +7.0
Short 2 RTY 1610.3, 1610.2, +1.2, +1.1
Short 1 RTY 1610.3, +1.1
Long 2 RTY 1606.5, 1606.5, +0.7, +1.0
Total NQ +19.5
Total RTY +5.1
Thur May 10 Trades & Journal
20180510
Short 1 NQ 6915.25, -2.0
Short 2 YM 24611, 24611, +10, +20
Short 3 RTY 1601.2, 1601.2, 1601.5, +1.0, -0.0, -0.3
Short 1 NQ 6930.5, +5.0
Short 2 RTY 1602.1, 1602.4, -0.8, +0.8
Short 2 YM 24622, 24628, -12, +10
Short 2 NQ 6934.5, 6934.0, +4.0, -2.0
Short 1 NQ 6936.25, -3.0
Short 1 NQ 6937.75, -1.5
Short 2 YM 24652, 24652, +10, -10
Short 2 RTY 1603.6, 1603.6, +0.8, -0.8
Short 2 YM 24655, 24655, -10, -10
Short 2 NQ 6941.74, 6941.75, +3.0, -3.0
Short 2 RTY 1604.0, 1604.0, -0.5, -0.5
Short 2 YM 24673, 24673, +10, -11
Short 1 NQ 6944.25, -2.0
Short 2 RTY 1604.4, 1604.4, -0.6, -0.6
Short 2 NQ 6949.0, 6949.0, +2.0, -1.0
Total YM +7
Total NQ -0.5
Total RTY -1.5
Persistent Trend Days are often the most difficult to trade. Ideally, a First Chance Texaco pullback will appear that allows you to get on board and in trend. ....but not today. Sometimes the secret to just staying alive on fades is to recognize the action and model earlier enough to plan for and adjust targets. For although the market will still pause at the Sequents and Substitute Sequents, a position that is not 'paid for' by a very modest partial exit will usually the suffering the indignity of being stopped out rather quickly. Keep most of your powder dry. Tomorrow is another day, and most day models are NOT the Persistent Trend.
Short 1 NQ 6915.25, -2.0
Short 2 YM 24611, 24611, +10, +20
Short 3 RTY 1601.2, 1601.2, 1601.5, +1.0, -0.0, -0.3
Short 1 NQ 6930.5, +5.0
Short 2 RTY 1602.1, 1602.4, -0.8, +0.8
Short 2 YM 24622, 24628, -12, +10
Short 2 NQ 6934.5, 6934.0, +4.0, -2.0
Short 1 NQ 6936.25, -3.0
Short 1 NQ 6937.75, -1.5
Short 2 YM 24652, 24652, +10, -10
Short 2 RTY 1603.6, 1603.6, +0.8, -0.8
Short 2 YM 24655, 24655, -10, -10
Short 2 NQ 6941.74, 6941.75, +3.0, -3.0
Short 2 RTY 1604.0, 1604.0, -0.5, -0.5
Short 2 YM 24673, 24673, +10, -11
Short 1 NQ 6944.25, -2.0
Short 2 RTY 1604.4, 1604.4, -0.6, -0.6
Short 2 NQ 6949.0, 6949.0, +2.0, -1.0
Total YM +7
Total NQ -0.5
Total RTY -1.5
Persistent Trend Days are often the most difficult to trade. Ideally, a First Chance Texaco pullback will appear that allows you to get on board and in trend. ....but not today. Sometimes the secret to just staying alive on fades is to recognize the action and model earlier enough to plan for and adjust targets. For although the market will still pause at the Sequents and Substitute Sequents, a position that is not 'paid for' by a very modest partial exit will usually the suffering the indignity of being stopped out rather quickly. Keep most of your powder dry. Tomorrow is another day, and most day models are NOT the Persistent Trend.
Wed May 9 Trade Signal Summary
20180509
Short 2 YM 24382, 24384, +10, +12
Long 3 NQ 6820.75, 6820.75, 6820.75, -2.5, -2.5, -2.5
Long 4 NQ 6820.25, 6820.25, 6820.25, 6820.25, +5.0, +5.0, +6.0, +10.0
Short 1 NQ 6833.0, -1.5
Short 1 NQ 6839.25, +10.25
Total YM +22
Total NQ +27.25
Short 2 YM 24382, 24384, +10, +12
Long 3 NQ 6820.75, 6820.75, 6820.75, -2.5, -2.5, -2.5
Long 4 NQ 6820.25, 6820.25, 6820.25, 6820.25, +5.0, +5.0, +6.0, +10.0
Short 1 NQ 6833.0, -1.5
Short 1 NQ 6839.25, +10.25
Total YM +22
Total NQ +27.25
Tues May 8 Trade Signal Summary
Trade Summary
20180508
Long 1 NQ 6798.0, -3.0
Long 2 NQ 6796.0, 6796.0, +5.0, -2.0
Long 2 NQ 6791.0, 6791.0, +3.0, -3.25
Long 3 NQ 6786.75, 6786.75, 6786.75, -3.25, -3.25, -3.25
Long 3 NQ 6784.5, 6784.5, 6784.5, +5.0, +5.0, +14.0
Long 2 RTY 1579.9, 1579.9, +1.1, +3.0
Short 2 RTY 1586.4, 1586.4, -0.7, -0.7
Long 1 RTY 1583.4, +2.3
Short 1 NQ 6814.5, -1.75
Total NQ +12.25
Total RTY +5.0
20180508
Long 1 NQ 6798.0, -3.0
Long 2 NQ 6796.0, 6796.0, +5.0, -2.0
Long 2 NQ 6791.0, 6791.0, +3.0, -3.25
Long 3 NQ 6786.75, 6786.75, 6786.75, -3.25, -3.25, -3.25
Long 3 NQ 6784.5, 6784.5, 6784.5, +5.0, +5.0, +14.0
Long 2 RTY 1579.9, 1579.9, +1.1, +3.0
Short 2 RTY 1586.4, 1586.4, -0.7, -0.7
Long 1 RTY 1583.4, +2.3
Short 1 NQ 6814.5, -1.75
Total NQ +12.25
Total RTY +5.0
Mon May 7 Trades and Journal
20180507
Short 2 YM 24345, 24341, -10, -15
Short 3 ES 2678.0, 2678.0, 2678.0, +1.25, +1.25, -0.25
Short 1 YM 24400, -7
Short 2 RTY 1575.9, 1575.9, +1.0, -1.1
Short 2 RTY 1577.1, 1577.1, -0.8, -0.8
Long 1 NQ 6821.0, +10.0
Short 2 RTY 1577.8, 1577.8, +1.0, -0.9
Short 2 NQ 6843.25, 6842.75, +4.0, +13.0
Short 2 RT 1579.8, 1580.1, +4.7, +1.0
Total ES +2.25
Total YM -32
Total NQ +27.0
Total RTY +4.1
Sometimes the strength of the underlying trend can produce surprising resurgence. And the appearance of such resurgent thrusts can also lend itself to more shallow pullbacks to the trend than would normally be desired for in-trend pullback entries. Since peaks in momentum show up on your instrument panel with those strong resurgent trend thrusts, you are even more hesitant to get into a pullback opportunity too early, for fear the over-extended trend has not had time to full correct itself. One method of accommodating this situation is to use a small initial size when these shallow, early pullback opportunities present themselves.
Use a stop order to enter in-trend for small lots when a larger pullback is otherwise expected. This will allow you to be stopped into the resurgent direction even though a better pullback level was not reached. Once in, trail the position with a stop loss order slowly, watching first for a new extreme to the prevailing trend that has been so surprising. That new price extreme might also provide surprising results. Milk your small position with a low trailing stop until it has reached extremes in momentum again, thus providing a 'double tap' on your momentum instrument panel. With these new profits in hand as cushion, you will be better position to attempt fading the trend again.
But this time, be sure to gather sufficient evidence of WorkDone, as early and shallow pullbacks that provide resurgent price extremes to the original trend of the frame are an early sign of a Persistent Trend Day, and thus all 1st Frame fading could be peppered with stop-outs until a more complex, 1st Chance Texaco pullback arrives for a larger, in-trend position to be risked. "Position yourself to be surprised," or so did my mentor have to frequently remind me. And trust this: that is what the market is really all about, the achievement of surprise. Cue the sage Heraclitus: "Expect the unexpected." And just how can such a paradox as that be incorporated into a Trade Plan? 'If this ________, then _________that is what I will do.' Accept the outcome, regardless of whether it is a surprise to your initial entries. Your contingencies kick in, and positions can then be taken that you might actually disagree with emotionally. "This can't be true", your head may be saying. But the Trader is commissioned to follow his plan. Quit thinking. It's all in the Plan. Follow the Plan. Thinking is for the Analyst. ...and the Analyst is NOT allowed in the live trading room.
Short 2 YM 24345, 24341, -10, -15
Short 3 ES 2678.0, 2678.0, 2678.0, +1.25, +1.25, -0.25
Short 1 YM 24400, -7
Short 2 RTY 1575.9, 1575.9, +1.0, -1.1
Short 2 RTY 1577.1, 1577.1, -0.8, -0.8
Long 1 NQ 6821.0, +10.0
Short 2 RTY 1577.8, 1577.8, +1.0, -0.9
Short 2 NQ 6843.25, 6842.75, +4.0, +13.0
Short 2 RT 1579.8, 1580.1, +4.7, +1.0
Total ES +2.25
Total YM -32
Total NQ +27.0
Total RTY +4.1
Sometimes the strength of the underlying trend can produce surprising resurgence. And the appearance of such resurgent thrusts can also lend itself to more shallow pullbacks to the trend than would normally be desired for in-trend pullback entries. Since peaks in momentum show up on your instrument panel with those strong resurgent trend thrusts, you are even more hesitant to get into a pullback opportunity too early, for fear the over-extended trend has not had time to full correct itself. One method of accommodating this situation is to use a small initial size when these shallow, early pullback opportunities present themselves.
Use a stop order to enter in-trend for small lots when a larger pullback is otherwise expected. This will allow you to be stopped into the resurgent direction even though a better pullback level was not reached. Once in, trail the position with a stop loss order slowly, watching first for a new extreme to the prevailing trend that has been so surprising. That new price extreme might also provide surprising results. Milk your small position with a low trailing stop until it has reached extremes in momentum again, thus providing a 'double tap' on your momentum instrument panel. With these new profits in hand as cushion, you will be better position to attempt fading the trend again.
But this time, be sure to gather sufficient evidence of WorkDone, as early and shallow pullbacks that provide resurgent price extremes to the original trend of the frame are an early sign of a Persistent Trend Day, and thus all 1st Frame fading could be peppered with stop-outs until a more complex, 1st Chance Texaco pullback arrives for a larger, in-trend position to be risked. "Position yourself to be surprised," or so did my mentor have to frequently remind me. And trust this: that is what the market is really all about, the achievement of surprise. Cue the sage Heraclitus: "Expect the unexpected." And just how can such a paradox as that be incorporated into a Trade Plan? 'If this ________, then _________that is what I will do.' Accept the outcome, regardless of whether it is a surprise to your initial entries. Your contingencies kick in, and positions can then be taken that you might actually disagree with emotionally. "This can't be true", your head may be saying. But the Trader is commissioned to follow his plan. Quit thinking. It's all in the Plan. Follow the Plan. Thinking is for the Analyst. ...and the Analyst is NOT allowed in the live trading room.
Fri May 4 Trade Signal Summary
20180504
Short 2 YM 23763, 23763, +30, +40
Short 1 YM 23855, -12
Short 2 RTY 1548.1, 1548.1, +1.2, +2.0
Short 1 YM 23879, +20
Short 1 NQ 6689.75, +7.75
Total YM +78
Total NQ +7.75
Total RTY +3.2
Short 2 YM 23763, 23763, +30, +40
Short 1 YM 23855, -12
Short 2 RTY 1548.1, 1548.1, +1.2, +2.0
Short 1 YM 23879, +20
Short 1 NQ 6689.75, +7.75
Total YM +78
Total NQ +7.75
Total RTY +3.2
Thurs May 3 Trades and Journal
20180503
Long 1 NQ 6594.25, +5.0
Long 1 NQ 6595.25, +5.0
Long 1 ES 2613.75, +3.0
Short 1 NQ 6625.0, -3.0
Short 2 NQ 6631.75, 6631.75, -2.25, -2.25
Short 3 NQ 6638.0, 6638.0, 6638.0, +5.0, +6.0, +10
Long 2 NQ 6607.75, 6607.75, +2.0, -3.5
Long 2 RTY 1540.9, 1540.2, -1.5, -1.5
Long 4 RTY 1537.8, 1537.8, 1537.8, 1537.5, +0.7, +0.7, -1.0, -1.0
Long 2 NQ 6580.25, 6580.25, +10.0, +5.0
Long 1 NQ 6573.75, -2.25
Long 2 RTY 1533.5, 1533.5, -1.5, -1.5
Long 2 NQ 6556.0, 6556.0, +5.0, -0.5
Long 2 NQ 6552.25, 6552.25, -2.25, -2.25
Long 2 NQ 6542.75, 6542.75, +5.0, -0.5
Total ES +3.0
Total NQ +39.25
Total RTY -6.6
A good example today of what so often happens when given the choice--after reaching a daily profit goal--whether to get sucked into the alluring volatility and continue with trades or quit with so much time left in the frame. Sometimes the choice isn't even the inducement of further volatility....sometimes I quit when ahead when I just feel the need for some strong coffee... but today, for whatever reason I had or didn't have, to quit while ahead, I continued trading. In this case, it might be fairly said I was induced into proving the methods I use would work against an aggressive selling trend. But the ride was so rough that the profits I made in one contract were easily overtaken by the losses in another. Net nothing. Have a daily profit goal. The more you trade after that, the greater the number of opportunities you have at trading errors and losses. Just the extended concentration alone will begin to cause errors and poor execution timing.
Long 1 NQ 6594.25, +5.0
Long 1 NQ 6595.25, +5.0
Long 1 ES 2613.75, +3.0
Short 1 NQ 6625.0, -3.0
Short 2 NQ 6631.75, 6631.75, -2.25, -2.25
Short 3 NQ 6638.0, 6638.0, 6638.0, +5.0, +6.0, +10
Long 2 NQ 6607.75, 6607.75, +2.0, -3.5
Long 2 RTY 1540.9, 1540.2, -1.5, -1.5
Long 4 RTY 1537.8, 1537.8, 1537.8, 1537.5, +0.7, +0.7, -1.0, -1.0
Long 2 NQ 6580.25, 6580.25, +10.0, +5.0
Long 1 NQ 6573.75, -2.25
Long 2 RTY 1533.5, 1533.5, -1.5, -1.5
Long 2 NQ 6556.0, 6556.0, +5.0, -0.5
Long 2 NQ 6552.25, 6552.25, -2.25, -2.25
Long 2 NQ 6542.75, 6542.75, +5.0, -0.5
Total ES +3.0
Total NQ +39.25
Total RTY -6.6
A good example today of what so often happens when given the choice--after reaching a daily profit goal--whether to get sucked into the alluring volatility and continue with trades or quit with so much time left in the frame. Sometimes the choice isn't even the inducement of further volatility....sometimes I quit when ahead when I just feel the need for some strong coffee... but today, for whatever reason I had or didn't have, to quit while ahead, I continued trading. In this case, it might be fairly said I was induced into proving the methods I use would work against an aggressive selling trend. But the ride was so rough that the profits I made in one contract were easily overtaken by the losses in another. Net nothing. Have a daily profit goal. The more you trade after that, the greater the number of opportunities you have at trading errors and losses. Just the extended concentration alone will begin to cause errors and poor execution timing.
Wed May 2 Trade Signal Summary
Long ES 2645.25, -.5
Long ES 2645.25, +2.0
Short 1 NQ 6685.25, -2.0
Short 2 NQ 6687.25, 6687.25, +3.0, -4.0
Long 2 YM 23968, 23968, +12, +30
Long 1 ES 2643.25, +1.0
Short 1 NQ 6700.5, +10.0
Short 1 NQ 6703.5, -2.0
Short 2 NQ 6705.5, 6706.5 +2.0, -0.0
Short 2 RTY 1557.7, 1557.7, +.7, +1.5
Long 1 NQ 6686.5, -2.0
Short 1 NQ 6686.25, -2.0
Short 2 RTY 1560.6, 1560.4, +1.5, -0.2
Short 2 NQ 6686.5, 6686.5, +8.0, -0.5
Total ES +2.5
Total YM +42
Total NQ +10.5
Total RTY +2.2
Long ES 2645.25, +2.0
Short 1 NQ 6685.25, -2.0
Short 2 NQ 6687.25, 6687.25, +3.0, -4.0
Long 2 YM 23968, 23968, +12, +30
Long 1 ES 2643.25, +1.0
Short 1 NQ 6700.5, +10.0
Short 1 NQ 6703.5, -2.0
Short 2 NQ 6705.5, 6706.5 +2.0, -0.0
Short 2 RTY 1557.7, 1557.7, +.7, +1.5
Long 1 NQ 6686.5, -2.0
Short 1 NQ 6686.25, -2.0
Short 2 RTY 1560.6, 1560.4, +1.5, -0.2
Short 2 NQ 6686.5, 6686.5, +8.0, -0.5
Total ES +2.5
Total YM +42
Total NQ +10.5
Total RTY +2.2
Tues May 1 Trade Signal Summary
Short 1 NQ 6604.75, +10.0
Long 2 NQ 6581.5, 6581.5, +5.0, +20
Total NQ +35.0
Long 2 NQ 6581.5, 6581.5, +5.0, +20
Total NQ +35.0
Mon Apr 30 Trade Signal Summary
20180430
Short 1 RTY 1562.7, -0.5
Short 2 RTY 1567.2, 1566.8, +2.0, +1.2
Short 1 NQ 6796.5, -0.0
Short 2 NQ 6703.0, 6702.25, -2.0, +4.0
Short 2 NQ 6717.25, 6717.5, +10.0, +4.0
Total NQ +16.0
Total RTY +2.7
Short 1 RTY 1562.7, -0.5
Short 2 RTY 1567.2, 1566.8, +2.0, +1.2
Short 1 NQ 6796.5, -0.0
Short 2 NQ 6703.0, 6702.25, -2.0, +4.0
Short 2 NQ 6717.25, 6717.5, +10.0, +4.0
Total NQ +16.0
Total RTY +2.7
Fri Apr 27 Trade Signal Summary
20180427
Long 5 RTY 1561.0, 1560.0, 1559.6, 1559.8, 1560.2, -1.6, +4.0 +4.0, +4.0, +2.6
Long 1 RTY 1555.0, -1.6
Long 2 RTY 1554.9, 1554.9, -0.0, -0.0
Long 2 RTY 1548.7, 1548.7, +2.0, +5.0
Total RTY +14.4
Long 5 RTY 1561.0, 1560.0, 1559.6, 1559.8, 1560.2, -1.6, +4.0 +4.0, +4.0, +2.6
Long 1 RTY 1555.0, -1.6
Long 2 RTY 1554.9, 1554.9, -0.0, -0.0
Long 2 RTY 1548.7, 1548.7, +2.0, +5.0
Total RTY +14.4
Thurs Apr 26 Trade Signal Summary
20180426
Short 1 NQ 6597.0, +10.0
Short 1 RTY 1554.3, +3.0
Long 2 RTY 1550.4, 1550.4, +1.2, +4.0
Short 1 NQ 6617.0, -2.25
Total NQ +7.75
Total RTY +8.2
Short 1 NQ 6597.0, +10.0
Short 1 RTY 1554.3, +3.0
Long 2 RTY 1550.4, 1550.4, +1.2, +4.0
Short 1 NQ 6617.0, -2.25
Total NQ +7.75
Total RTY +8.2
Wed Apr 25 Trade Signal Summary
20180425
Short 1 NQ 6524.0, +14.0
Short 1 YM 23863, +20
Long 2 NQ 6436.75, 6436.75, -2.25, -2.25
Long 3 NQ 6431.75, 6431.75, 6431.75, +7.0, +20.0, +19.5
Total YM +20
Total NQ +56.0
Short 1 NQ 6524.0, +14.0
Short 1 YM 23863, +20
Long 2 NQ 6436.75, 6436.75, -2.25, -2.25
Long 3 NQ 6431.75, 6431.75, 6431.75, +7.0, +20.0, +19.5
Total YM +20
Total NQ +56.0
Tues Apr 24 Trade Signal Summary
20180424
Short 1 YM 24510, -9
Short 2 NQ 6695.0, 6694.25, +5.0, +10.0
Short 2 YM 24531, 24531, +10, +20
Long 1 NQ 6671.25, -2.50
Long 2 NQ 6664.5, 6664.5, +3.0, -3.25
Long 2 RTY 1570.7, 1570.3, +2.0, +1.2
Long 2 NQ 6626.5, 6626.5, -2..25, -2.25
Long 1 NQ 6621.5, -2.25
Long 2 RTY 1571.1, 1571.1, -1.4, -1.4
Long 3 NQ 6616.5, 6616.5, 66.16.5, +5.0, +10.0, +10.0
Long 2 RTY 1569.3, 1569.3, +1.2, -0.0
Total YM +21
Total NQ +30.5
Total RTY +1.6
Short 1 YM 24510, -9
Short 2 NQ 6695.0, 6694.25, +5.0, +10.0
Short 2 YM 24531, 24531, +10, +20
Long 1 NQ 6671.25, -2.50
Long 2 NQ 6664.5, 6664.5, +3.0, -3.25
Long 2 RTY 1570.7, 1570.3, +2.0, +1.2
Long 2 NQ 6626.5, 6626.5, -2..25, -2.25
Long 1 NQ 6621.5, -2.25
Long 2 RTY 1571.1, 1571.1, -1.4, -1.4
Long 3 NQ 6616.5, 6616.5, 66.16.5, +5.0, +10.0, +10.0
Long 2 RTY 1569.3, 1569.3, +1.2, -0.0
Total YM +21
Total NQ +30.5
Total RTY +1.6
Mon Apr 23 Trades & Journal
20180423
Long 1 ES 2673.0, -1.25
Long 2 NQ 6681.0, 6681.0, +5.0, -1.0
Long 2 NQ 6677.0, 6677.0, -2.25, -2.25
Long 3 NQ 6676.5, 6676.5, 6676.5, -2.25, -2.25, -2.25
Long 2 RTY 1563.3, 1563.3, -1.1, -1.1
Long 2 NQ 6662.75, 6662.75, -2.25, -2.25
Long 3 RTY 1562.3, 1562.3, 1562.5, +3.0, +3.0, +3.6
Long 3 NQ 6660.25, 6660.25, 6662.5, +10.0, +10.0, +12.0
Total ES -1.25
Total NQ +20.25
Total RTY +7.4
That the 2nd trend of the 1st Frame is more likely to be true and the 1st trend false is an observation every floor trader makes early on in his career. Just do the statistics: nearly 80% of all trading day models are of the Test-n-Reject variety, and only 20% or so each month are Persistent Trend. (see the book Pivots, Patterns and Intraday Swings for examples. Or as my mentor was fond of saying "if it goes up fast, it seldom lasts". The problem is, how to judge when this first trend is over and ripe to be faded. Even with all the displays of irrational volatility seen in recent days, it was still a surprise to me that the NQ, the RTY and even the YM would eventually make it all the way down to the ETH lows before this ripeness would finally set in. And yet I threw some good money at this first trend too early because I couldn't believe it would actually arrive there. Chart your highs and lows. Know the market came from in both directions in over-night trading. Be prepared to take these levels into consideration as your possible trade entry levels for the frame.
And I can hear the usual refrain from chat room rookies complaining about this action. "They knew where my stops were and they came and got me. The market is rigged." Nonsense. Nobody knows where your stops are. EVERYBODY KNOWS WHERE THE STOPS ARE. All you have to do is look at a chart of all-session highs and lows to know that. Thus the Douglas Corollary: "....most of the money to be made in the markets is made at the places where most traders are being stopped out and proven wrong." For the complete Douglas Premise and its two corollaries, see the book True Self, available on Amazon.com for a few dollars in Kindle format.
Long 1 ES 2673.0, -1.25
Long 2 NQ 6681.0, 6681.0, +5.0, -1.0
Long 2 NQ 6677.0, 6677.0, -2.25, -2.25
Long 3 NQ 6676.5, 6676.5, 6676.5, -2.25, -2.25, -2.25
Long 2 RTY 1563.3, 1563.3, -1.1, -1.1
Long 2 NQ 6662.75, 6662.75, -2.25, -2.25
Long 3 RTY 1562.3, 1562.3, 1562.5, +3.0, +3.0, +3.6
Long 3 NQ 6660.25, 6660.25, 6662.5, +10.0, +10.0, +12.0
Total ES -1.25
Total NQ +20.25
Total RTY +7.4
That the 2nd trend of the 1st Frame is more likely to be true and the 1st trend false is an observation every floor trader makes early on in his career. Just do the statistics: nearly 80% of all trading day models are of the Test-n-Reject variety, and only 20% or so each month are Persistent Trend. (see the book Pivots, Patterns and Intraday Swings for examples. Or as my mentor was fond of saying "if it goes up fast, it seldom lasts". The problem is, how to judge when this first trend is over and ripe to be faded. Even with all the displays of irrational volatility seen in recent days, it was still a surprise to me that the NQ, the RTY and even the YM would eventually make it all the way down to the ETH lows before this ripeness would finally set in. And yet I threw some good money at this first trend too early because I couldn't believe it would actually arrive there. Chart your highs and lows. Know the market came from in both directions in over-night trading. Be prepared to take these levels into consideration as your possible trade entry levels for the frame.
And I can hear the usual refrain from chat room rookies complaining about this action. "They knew where my stops were and they came and got me. The market is rigged." Nonsense. Nobody knows where your stops are. EVERYBODY KNOWS WHERE THE STOPS ARE. All you have to do is look at a chart of all-session highs and lows to know that. Thus the Douglas Corollary: "....most of the money to be made in the markets is made at the places where most traders are being stopped out and proven wrong." For the complete Douglas Premise and its two corollaries, see the book True Self, available on Amazon.com for a few dollars in Kindle format.
Fri Apr 20 Trade Signal Summary
20180420
Short 1 NQ 6742.0, +10.0
Long 1 ES 2086.25, -0.0
Long 1 NQ 6720.0, +10.0
Long 1 RTY 1570.3, -0.5
Long 1 NQ 6720.25, -2.0
Long 1 NQ 6718.25, -1.0
Long 2 RTY 1567.2, 1567.0, +1.2, +3.0
Total ES -0.0
Total NQ +17.0
Total RTY +3.7
Short 1 NQ 6742.0, +10.0
Long 1 ES 2086.25, -0.0
Long 1 NQ 6720.0, +10.0
Long 1 RTY 1570.3, -0.5
Long 1 NQ 6720.25, -2.0
Long 1 NQ 6718.25, -1.0
Long 2 RTY 1567.2, 1567.0, +1.2, +3.0
Total ES -0.0
Total NQ +17.0
Total RTY +3.7
Thur Apr 19 Trade Signal Summary
20180419
Long 2 RTY 1582.2, 1582.2, -1.5, -1.5
Long 4 RTY 1581.8, 1581.8, 1581.8, 1581.8, -1.5, -1.5, -1.5, -1.5
Long 2 YM 24601, 24601, +10, +37
Long 6 RTY 1580.2, 1580.2, 1580.2, 1580.2, 1580.2, 1580.2, +1.4, +1.4, +1.4, +2.0, +2.0, +2.0, +2.0
Long 5 RTY 1578.9, 1578.9, 1578.9, 1578.2, 1578.2, +1.0, +1.0, +1.0, +4.0, +4.0
Total YM +47
Total RTY +12.2
Long 2 RTY 1582.2, 1582.2, -1.5, -1.5
Long 4 RTY 1581.8, 1581.8, 1581.8, 1581.8, -1.5, -1.5, -1.5, -1.5
Long 2 YM 24601, 24601, +10, +37
Long 6 RTY 1580.2, 1580.2, 1580.2, 1580.2, 1580.2, 1580.2, +1.4, +1.4, +1.4, +2.0, +2.0, +2.0, +2.0
Long 5 RTY 1578.9, 1578.9, 1578.9, 1578.2, 1578.2, +1.0, +1.0, +1.0, +4.0, +4.0
Total YM +47
Total RTY +12.2
Wed Apr 18 Trade Signal Summary
20180418
Short 1 RTY 1588.8, -0.7
Long 2 YM 24750, 24748, +20, +10
Long 1 NQ 6820.5, -2.0
Short 2 RTY 1587.7, 1588.1, -0.0, +1.7
Long 1 YM 24726, -7
Long 1 RTY 1584.9, +2.0
Long 2 YM 24711, +10, -10
Long 1 NQ 8607.25, -3.0
Long 2 RTY 1584.2, 1384.2, 1383.7, +1.0, +1.0, +2.8
Short 2 NQ 6823.75, 68.24.25, -2.0, +2.0
Short 1 NQ 6830.75, -1.0
Short 2 RTY 1590.5, 1590.2, +1.0, -0.3
Short 1 NQ 6841.5, -2.5
Short 2 RTY 1591.3, 1591.3, -0.5, -0.5
Short 2 NQ 6447.57, 6847.75, -2.25, -2.25
Short 2 NQ 6850.5, 6850.5, +3.0, +7.0
Total YM +23
Total NQ -3.0
Total RTY +7.5
Short 1 RTY 1588.8, -0.7
Long 2 YM 24750, 24748, +20, +10
Long 1 NQ 6820.5, -2.0
Short 2 RTY 1587.7, 1588.1, -0.0, +1.7
Long 1 YM 24726, -7
Long 1 RTY 1584.9, +2.0
Long 2 YM 24711, +10, -10
Long 1 NQ 8607.25, -3.0
Long 2 RTY 1584.2, 1384.2, 1383.7, +1.0, +1.0, +2.8
Short 2 NQ 6823.75, 68.24.25, -2.0, +2.0
Short 1 NQ 6830.75, -1.0
Short 2 RTY 1590.5, 1590.2, +1.0, -0.3
Short 1 NQ 6841.5, -2.5
Short 2 RTY 1591.3, 1591.3, -0.5, -0.5
Short 2 NQ 6447.57, 6847.75, -2.25, -2.25
Short 2 NQ 6850.5, 6850.5, +3.0, +7.0
Total YM +23
Total NQ -3.0
Total RTY +7.5
Tues Apr 17 Trade Signal Summary
20180417
Short 2 NQ 6768.5, 6768.5, +5.0, +8.0
Short 2 RTY 1575.4, 1575.4, +0.7, +1.0
Short 1 NQ 6777.0, +5.0
Total NQ +18.0
Total RTY +1.7
Short 2 NQ 6768.5, 6768.5, +5.0, +8.0
Short 2 RTY 1575.4, 1575.4, +0.7, +1.0
Short 1 NQ 6777.0, +5.0
Total NQ +18.0
Total RTY +1.7
Mon Apr 16 Trade Signal Summary
20180416
Long 1 NQ 6657.75, -2.0
Long 2 NQ 6656.0, 6656.0, +5.0, +9.0
Short 1 RTY 1557.6, +2.5
Long 2 RTY 1553.4, 1553.5, +4.0, +1.0
Short 2 RTY 1561.7, 1561.7, +1.0, +2.0
Total NQ +12.0
Total RTY +10.5
Long 1 NQ 6657.75, -2.0
Long 2 NQ 6656.0, 6656.0, +5.0, +9.0
Short 1 RTY 1557.6, +2.5
Long 2 RTY 1553.4, 1553.5, +4.0, +1.0
Short 2 RTY 1561.7, 1561.7, +1.0, +2.0
Total NQ +12.0
Total RTY +10.5
Fri Apr 13 Trade Signals and Journal
20180413
Long 4 RTY 1559.2, 1559.3, 15585, 1558.6, +.3, +.2, , -0.7, -0.7
Long 1 NQ 6692.5, -3.0
Long 2 NQ 6685.25, 6683.0, -3.0, -3.0
Long 2 YM 24516, 24509, -12, -12
Long 3 NQ 6677.75, +3.0, +3.0, -3.0
Long 4 RTY 1555.5, 1555.5, 1555.5, 1555.5, -1.5, -1.5, -1.5, -1.5
Long 6 RTY 1554.3, 1554.3, 1554.3, 1554.3, 1554.3, 1554.3, -1.5, -1.5, -1.5, -1.5, -1.5, -1.5
Long 2 NQ 6670.0, 6670.0, +7.0, -1.5
Long 2 NQ 6645.25, 6645.25, -2.25, -2.25
Long 6 RTY 1551.1, 1551.1, 1551.1, 1550.4, 1550.4, 1550.4, +2.0, +2.0, +2.0, +3.0, +3.0, +3.0
Short 1 NQ 6660.5, +10.0
Total YM -24
Total NQ +5.0
Total RTY -0.9
The nature of market action and pattern model is most usually revealed in Rule of Alternation. In the 60 minute, All Session bars, a grinding, stutter-step rally was punctuated today in the 1st Frame by a vertical, impulsive collapse. I wasn't prepared for this alternation, if I had been, I'd have been diligently examining the Inflection Levels for break-down short entry opportunities. The market places these break-down levels at precisely the same Sequent Levels that prescribe the reversal opportunities for fading the initial frame's order flow. So unless the Trader is ready to stop-n-reverse his positions at these levels, it's going to be a painful morning fading the trend.
If all first trend fade opportunities fail, as they usually do not, then on such days as this there are the First Chance Texaco pullbacks, that usually offer speeding and impulsive action back WITH the prevailing trend, and a chance not only to recover initial fade losses and get healthy, but also to move into profits for the day's trading business goals. .....unless, like me today, losses are so deep that a goal of break-even might be just daunting enough to take small positions on pullbacks just enough to get even...and call it a day. Today, I missed the First Chance Texaco opportunity to short the RTY in-trend altogether. I blinked. It disappeared into the dust. I was well prepared, however, for the NQ's first chance to fill up the tank at my Texaco station of choice, but hardly got a $5 dollar bill out of the pump and jumped out way early at the first sign I had nearly broke even for the day. ...not an exemplar display of trading skill... Be prepared for the action to alternate. If the action is slip-slide liquidation in the early going, be ready when it alternates into wider swing opportunities. Keep some powder dry for a bounce on which to finally get in trend. Pullback from any notion of revenge trading....that you can finally find the turn on such days is nothing more than luck, and will ill serve your cause when the real opportunities finally present themselves where your losses have hit their daily limits.
...but there's always next week....
And a good weekend to all othewise...
Long 4 RTY 1559.2, 1559.3, 15585, 1558.6, +.3, +.2, , -0.7, -0.7
Long 1 NQ 6692.5, -3.0
Long 2 NQ 6685.25, 6683.0, -3.0, -3.0
Long 2 YM 24516, 24509, -12, -12
Long 3 NQ 6677.75, +3.0, +3.0, -3.0
Long 4 RTY 1555.5, 1555.5, 1555.5, 1555.5, -1.5, -1.5, -1.5, -1.5
Long 6 RTY 1554.3, 1554.3, 1554.3, 1554.3, 1554.3, 1554.3, -1.5, -1.5, -1.5, -1.5, -1.5, -1.5
Long 2 NQ 6670.0, 6670.0, +7.0, -1.5
Long 2 NQ 6645.25, 6645.25, -2.25, -2.25
Long 6 RTY 1551.1, 1551.1, 1551.1, 1550.4, 1550.4, 1550.4, +2.0, +2.0, +2.0, +3.0, +3.0, +3.0
Short 1 NQ 6660.5, +10.0
Total YM -24
Total NQ +5.0
Total RTY -0.9
The nature of market action and pattern model is most usually revealed in Rule of Alternation. In the 60 minute, All Session bars, a grinding, stutter-step rally was punctuated today in the 1st Frame by a vertical, impulsive collapse. I wasn't prepared for this alternation, if I had been, I'd have been diligently examining the Inflection Levels for break-down short entry opportunities. The market places these break-down levels at precisely the same Sequent Levels that prescribe the reversal opportunities for fading the initial frame's order flow. So unless the Trader is ready to stop-n-reverse his positions at these levels, it's going to be a painful morning fading the trend.
If all first trend fade opportunities fail, as they usually do not, then on such days as this there are the First Chance Texaco pullbacks, that usually offer speeding and impulsive action back WITH the prevailing trend, and a chance not only to recover initial fade losses and get healthy, but also to move into profits for the day's trading business goals. .....unless, like me today, losses are so deep that a goal of break-even might be just daunting enough to take small positions on pullbacks just enough to get even...and call it a day. Today, I missed the First Chance Texaco opportunity to short the RTY in-trend altogether. I blinked. It disappeared into the dust. I was well prepared, however, for the NQ's first chance to fill up the tank at my Texaco station of choice, but hardly got a $5 dollar bill out of the pump and jumped out way early at the first sign I had nearly broke even for the day. ...not an exemplar display of trading skill... Be prepared for the action to alternate. If the action is slip-slide liquidation in the early going, be ready when it alternates into wider swing opportunities. Keep some powder dry for a bounce on which to finally get in trend. Pullback from any notion of revenge trading....that you can finally find the turn on such days is nothing more than luck, and will ill serve your cause when the real opportunities finally present themselves where your losses have hit their daily limits.
...but there's always next week....
And a good weekend to all othewise...
Thurs Apr 12 Trade Signal Summary
20180412
Long 1 RTY 1551.3, +1.8
Short 2 RTY 15535, 1553.9, -1.5, -1.4
Short 5 RTY 1556.1, 1556.1, 1556.1, 1557.1, 1557.2, +0.1, +0.1, +0.1, +2.0, +2.0
Short 2 NQ 6669.5, 6669.5, -3.0, -3.0
Short 2 YM 24472, 24473, +20, +20
Short 2 RTY 1559.7, 1559.7, +2.0, -0.5
Short 4 RTY 1560.7, 1560.7, 1561.5, 1562.5 1561.5, 1561.5, -0.0, -0.0, +1.5, +1.5, +2.0, +3.8
Short 2 NQ 6684.0, 6484.0, -3.0, -3.0
Short 3 NQ 6688.0, 6688.0, 6688.0, +3.0, +4.0, -3.0
Total YM +40
Total NQ -8.0
Total RTY +13.5
Long 1 RTY 1551.3, +1.8
Short 2 RTY 15535, 1553.9, -1.5, -1.4
Short 5 RTY 1556.1, 1556.1, 1556.1, 1557.1, 1557.2, +0.1, +0.1, +0.1, +2.0, +2.0
Short 2 NQ 6669.5, 6669.5, -3.0, -3.0
Short 2 YM 24472, 24473, +20, +20
Short 2 RTY 1559.7, 1559.7, +2.0, -0.5
Short 4 RTY 1560.7, 1560.7, 1561.5, 1562.5 1561.5, 1561.5, -0.0, -0.0, +1.5, +1.5, +2.0, +3.8
Short 2 NQ 6684.0, 6484.0, -3.0, -3.0
Short 3 NQ 6688.0, 6688.0, 6688.0, +3.0, +4.0, -3.0
Total YM +40
Total NQ -8.0
Total RTY +13.5
Wed Apr 11 Trade Signal Summary
20180411
Long 1 RTY 1538.2, +4.0
Short 1 RTY 1542.2, -0.0
Long 1 ES 2645.5, +2.0
Long 1 RTY 1543.5, +7.0
Total ES +2.0
Total RTY +11.0
Long 1 RTY 1538.2, +4.0
Short 1 RTY 1542.2, -0.0
Long 1 ES 2645.5, +2.0
Long 1 RTY 1543.5, +7.0
Total ES +2.0
Total RTY +11.0
Tues Apr 10 Trade Signal Summary
20180410
Short 1 NQ 6579.75, +12.0
Short 1 RTY 1532.6, +2.0
Long 1 RTY 1530.1, +2.0
Total NQ +12.0
Total RTY +4.0
Short 1 NQ 6579.75, +12.0
Short 1 RTY 1532.6, +2.0
Long 1 RTY 1530.1, +2.0
Total NQ +12.0
Total RTY +4.0
Mon Apr 9 Trade Signal Summary
20180409
Short 1 RTY 1524.7, -0.8
Short 1 RTY 1521.6, -0.8
Long 2 YM 24019, 24019, +12, +30
Short 1 NQ 6536.5, -2.25
Short 3 RTY 1526.0, 1526.0, 1526.0, +1.0, -0.5, -0.5
Short 1 NQ 6538.75, -2.0
Short 3 NQ 6547.5, 6547.5, 6547.5, +5.0, +5.0, +10.0
Long 1 YM 24060, +40
Total YM +82
Total NQ +15.75
Total RTY -1.6
Short 1 RTY 1524.7, -0.8
Short 1 RTY 1521.6, -0.8
Long 2 YM 24019, 24019, +12, +30
Short 1 NQ 6536.5, -2.25
Short 3 RTY 1526.0, 1526.0, 1526.0, +1.0, -0.5, -0.5
Short 1 NQ 6538.75, -2.0
Short 3 NQ 6547.5, 6547.5, 6547.5, +5.0, +5.0, +10.0
Long 1 YM 24060, +40
Total YM +82
Total NQ +15.75
Total RTY -1.6
Fri Mar 6 Trade Signal Summary
20180406
Long 1 NQ 6562.5, -2.0
Long 2 NQ 6561.5, 6561.5, +10.0, +20.0
Long 2 RTY 1540.5, 1540.5, +1.0, +2.0
Total NQ +28.0
Total RTY +3.0
Long 1 NQ 6562.5, -2.0
Long 2 NQ 6561.5, 6561.5, +10.0, +20.0
Long 2 RTY 1540.5, 1540.5, +1.0, +2.0
Total NQ +28.0
Total RTY +3.0
Thurs Apr 5 Trade Signal Summary
20180405
Long 1 RTY 1540.7, +2.0
Long 1 RTY 1535.5, -0.7
Long 2 RTY 1534.9, 1534.9, +1.2, +2.0
Short 1 YM 24445, -7
Short 1 YM 24470, +50
Total YM +43
Total RTY +4.5
Long 1 RTY 1540.7, +2.0
Long 1 RTY 1535.5, -0.7
Long 2 RTY 1534.9, 1534.9, +1.2, +2.0
Short 1 YM 24445, -7
Short 1 YM 24470, +50
Total YM +43
Total RTY +4.5
Wed Apr 4 Trade Signal Summary
20180404
Short 1 ES 2584.5, +5.0
Short 2 RTY 1501.7, 1501.7, +1.5, +1.4
Short 1 RTY 1503.2, +3.2
Short 1 YM 23668, -12
Short 2 YM 23692, 23692, +20, -0
Total ES +5.0
Total YM +8
Total RTY +6.1
Short 1 ES 2584.5, +5.0
Short 2 RTY 1501.7, 1501.7, +1.5, +1.4
Short 1 RTY 1503.2, +3.2
Short 1 YM 23668, -12
Short 2 YM 23692, 23692, +20, -0
Total ES +5.0
Total YM +8
Total RTY +6.1
Tues Apr 3 Trade Signal Summary
20180403
Short 2 RTY 1503.2, 1503.2, -1.5, -1.5
Short 2 RTY 1506.1, 1506.1, +1.4, +1.4
Long 1 NQ 6416.5, -2.0
Long 2 NQ 6413.0, 6413.0, +3.0, -3.0
Long 2 YM 23700, 23700, +15, -10
Long 1 NQ 6392.5, -2.0
Long 2 NQ 6381.5, 6381.5, -2.0, -2.0
Long 3 NQ 6376.5, 6376.5, 6376.5, +10.0, +10.0, -0.0
Long 3 RTY 1498.6, 1498.6, 1498.6, +2.0, +2.0, -0.1
Long 1 NQ 6367.0, -2.5
Long 3 RTY 1496.7, 1496.7, 1497.0, +2.0, +2.0, -0.0
Long 2 YM 23637, 23637, -12, -12
Long 2 RTY 1495.2, 1495.0, +5.0, +1.5
Short 1 NQ 6387.75, -2.0
Short 1 RTY 1503.1, -0.3
Short 2 NQ 6451.0, 6451.0, +2.0, -2.0,
Short 3 RTY 1509.2, 1509.2, 1509.2, +1.0, -0.4, -0.4
Short 2 RTY 1510.3, 1510.3, +2.0, +3.0
Total YM -19
Total NQ +7.5
Total RTY +19.1
Short 2 RTY 1503.2, 1503.2, -1.5, -1.5
Short 2 RTY 1506.1, 1506.1, +1.4, +1.4
Long 1 NQ 6416.5, -2.0
Long 2 NQ 6413.0, 6413.0, +3.0, -3.0
Long 2 YM 23700, 23700, +15, -10
Long 1 NQ 6392.5, -2.0
Long 2 NQ 6381.5, 6381.5, -2.0, -2.0
Long 3 NQ 6376.5, 6376.5, 6376.5, +10.0, +10.0, -0.0
Long 3 RTY 1498.6, 1498.6, 1498.6, +2.0, +2.0, -0.1
Long 1 NQ 6367.0, -2.5
Long 3 RTY 1496.7, 1496.7, 1497.0, +2.0, +2.0, -0.0
Long 2 YM 23637, 23637, -12, -12
Long 2 RTY 1495.2, 1495.0, +5.0, +1.5
Short 1 NQ 6387.75, -2.0
Short 1 RTY 1503.1, -0.3
Short 2 NQ 6451.0, 6451.0, +2.0, -2.0,
Short 3 RTY 1509.2, 1509.2, 1509.2, +1.0, -0.4, -0.4
Short 2 RTY 1510.3, 1510.3, +2.0, +3.0
Total YM -19
Total NQ +7.5
Total RTY +19.1
Mon Apr 2 Trade Signals & Journal
20180402
Long 2 NQ 6542.0, 65642.0, -2.25, -2.25
Long 2 RTY 1527.4, 1527.4, -1.4, -1.4
Long 3 NQ 1525.7, 1524.7, 1524.7, -2.25, -2.25, -2.25
Long 1 NQ 6512.75, -2.25
Long 2 NQ 6504.25, 6504.25, -2.25, -2.25
Long 3 NQ 6499.0, 6499.0, 6499.0, -2.0, -2.0, -2.0
Long 3 RTY 1521.6, 1521.6, 1521.6, -0.8, -0.8, -0.8
Total NQ -21.5
Total RTY -5.2
Always try to curtail trading when losses reach about the same value as any single trading day profit goal. First Frame action without identifiable swing signals are the rarer of the day model profile. Swing day opportunities will return... when the market is ready to deliver them...
Long 2 NQ 6542.0, 65642.0, -2.25, -2.25
Long 2 RTY 1527.4, 1527.4, -1.4, -1.4
Long 3 NQ 1525.7, 1524.7, 1524.7, -2.25, -2.25, -2.25
Long 1 NQ 6512.75, -2.25
Long 2 NQ 6504.25, 6504.25, -2.25, -2.25
Long 3 NQ 6499.0, 6499.0, 6499.0, -2.0, -2.0, -2.0
Long 3 RTY 1521.6, 1521.6, 1521.6, -0.8, -0.8, -0.8
Total NQ -21.5
Total RTY -5.2
Always try to curtail trading when losses reach about the same value as any single trading day profit goal. First Frame action without identifiable swing signals are the rarer of the day model profile. Swing day opportunities will return... when the market is ready to deliver them...
Thur Mar 29 Trade Signal Summary
20180329
Short 2 RTY 1526.6, 1516.6, +2.0, +1.5
Long 2 RTY 1522.7, 1522.2, -0.0, +2.0
Long 1 NQ 6473.75, +10.0
Long 1 YM 23954, -7
Long 1 RTY 1521.2, +3.8
Total YM -7
Total NQ +10.0
Total RTY +9.3
Short 2 RTY 1526.6, 1516.6, +2.0, +1.5
Long 2 RTY 1522.7, 1522.2, -0.0, +2.0
Long 1 NQ 6473.75, +10.0
Long 1 YM 23954, -7
Long 1 RTY 1521.2, +3.8
Total YM -7
Total NQ +10.0
Total RTY +9.3
Wed Mar 28 Trade Signal Summary
Trade Summary
20180328
Short 1 NQ 6488.0, -2.25
Short 2 RTY 1517.2, 1517.0, -1.4, -1.5
Short 1 NQ 6504, -3.0
Short 2 RTY 1520.1, 1520.1, -1.4, -1.4
Short 4 RTY 1521.8, 1521.8, 1521.8, 1521.8, -0.0, -0.0, -0.0, -0.0
Short 3 NQ 6529.75, 6529.75, 6529.75, +5.0, +5.0, -3.25
Long 2 YM 23847, 23847, +20, +20
Long 2 NQ 6483.5, 6483.5, +5.0, -3.0
Long 2 NQ 6483.5, 6483.5, -3.0, -3.0
Long 2 NQ 6485.5, 6485.5, +10.0, +10.0, -3.0
Long 2 YM 23847, 23847, -0, -0
Long 2 NQ 6472.0, 6472.0, -3.0, -3.0
Long 2 NQ 6475.0, 6475.0, +5.0, -7.0
Long 2 RTY 1512.6, 1512.6, -1.0, -1.0
Long 3 RTY 1512.7, 1512.7, 1512.7, +1.0, +1.0, -1.0
Long 2 NQ 6424.5, 6424.5, +10, -3.0
Long 3 RTY 1506.5, 1506.5, 1506.5, +3.0, +3.0, +5.0
Total YM +40
Total NQ +13.5
Total RTY +4.3
20180328
Short 1 NQ 6488.0, -2.25
Short 2 RTY 1517.2, 1517.0, -1.4, -1.5
Short 1 NQ 6504, -3.0
Short 2 RTY 1520.1, 1520.1, -1.4, -1.4
Short 4 RTY 1521.8, 1521.8, 1521.8, 1521.8, -0.0, -0.0, -0.0, -0.0
Short 3 NQ 6529.75, 6529.75, 6529.75, +5.0, +5.0, -3.25
Long 2 YM 23847, 23847, +20, +20
Long 2 NQ 6483.5, 6483.5, +5.0, -3.0
Long 2 NQ 6483.5, 6483.5, -3.0, -3.0
Long 2 NQ 6485.5, 6485.5, +10.0, +10.0, -3.0
Long 2 YM 23847, 23847, -0, -0
Long 2 NQ 6472.0, 6472.0, -3.0, -3.0
Long 2 NQ 6475.0, 6475.0, +5.0, -7.0
Long 2 RTY 1512.6, 1512.6, -1.0, -1.0
Long 3 RTY 1512.7, 1512.7, 1512.7, +1.0, +1.0, -1.0
Long 2 NQ 6424.5, 6424.5, +10, -3.0
Long 3 RTY 1506.5, 1506.5, 1506.5, +3.0, +3.0, +5.0
Total YM +40
Total NQ +13.5
Total RTY +4.3
Tues Mar 27 Trade Signal Summary
20180327
Short 1 NQ 6806.0, +10.0
Long 1 NQ 6777.0, -2.0
Long 1 NQ 6775.25, +10.0
Long 1 RTY 1538.9, +2.0
Short 1 NQ 6796.25, -2.25
Short 1 NQ 6798.0, -2.0
Short 1 NQ 6802.5, +5.0
Short 1 NQ 6801.25, -2.0
Short 1 RTY 1547.1, +2.0
Total NQ +18.75
Total RTY +4.0
Short 1 NQ 6806.0, +10.0
Long 1 NQ 6777.0, -2.0
Long 1 NQ 6775.25, +10.0
Long 1 RTY 1538.9, +2.0
Short 1 NQ 6796.25, -2.25
Short 1 NQ 6798.0, -2.0
Short 1 NQ 6802.5, +5.0
Short 1 NQ 6801.25, -2.0
Short 1 RTY 1547.1, +2.0
Total NQ +18.75
Total RTY +4.0
Mon Mar 26 Trade Signal Summery
20180326
Short 2 YM 24029, 24026, +50, +20
Long 1 NQ 6656.75, +10.0
Total YM +70
Total NQ +10.0
Short 2 YM 24029, 24026, +50, +20
Long 1 NQ 6656.75, +10.0
Total YM +70
Total NQ +10.0
Fri Mar 23 Trades & Journal
20180323
Short 1 RTY 1554.5, +4.0
Long 2 RTY 1546.1, 1545.9, -1.1, +1.0
Long 1 NQ 6669.75, -2.0
Long 2 NQ 6665.25, -2.0, -2.0
Long 3 YM 23946, 23946, 23946, +20, +20, +50
Long 2 NQ 6654.25, 6654.25, +10, +30
Long 3 RTY 1541.4, 1541.4, 1541.4, +1.0, +2.0, +4.0
Total YM +90
Total NQ +34.0
Total RTY +10.9
Each day is a new day. Each day is new birth. Each day is new blood. Don't take the baggage from the day before into this new trading frame. That day is tainted. A big successful day can taint the following day with over confidence and over trading. A hemorrhaged day can be followed by timid, late entries that make excessive demands on your psyche for 'confirmation'. Instead, try to start clean. The Trader has no memory. That's the Accountant's function. He remembers everything. He is the history of our regrets. The Analyst has no memory. He will over trade endlessly until at last one of his predictions actually works. Then he'll say, quite in earnest, "I told you so. The world should be listening to me." The Trader is, well, kinda stupid. He only knows what's in his Trade Plan. And if what happened yesterday didn't manage to creep into the laminated Trade Plan he has before him as the Opening Bell rings, he does the same thing he did yesterday, when presented with it, at the right edge of his video screen. He's Andy Warhol's famous quote, "I want to be a machine."
Short 1 RTY 1554.5, +4.0
Long 2 RTY 1546.1, 1545.9, -1.1, +1.0
Long 1 NQ 6669.75, -2.0
Long 2 NQ 6665.25, -2.0, -2.0
Long 3 YM 23946, 23946, 23946, +20, +20, +50
Long 2 NQ 6654.25, 6654.25, +10, +30
Long 3 RTY 1541.4, 1541.4, 1541.4, +1.0, +2.0, +4.0
Total YM +90
Total NQ +34.0
Total RTY +10.9
Each day is a new day. Each day is new birth. Each day is new blood. Don't take the baggage from the day before into this new trading frame. That day is tainted. A big successful day can taint the following day with over confidence and over trading. A hemorrhaged day can be followed by timid, late entries that make excessive demands on your psyche for 'confirmation'. Instead, try to start clean. The Trader has no memory. That's the Accountant's function. He remembers everything. He is the history of our regrets. The Analyst has no memory. He will over trade endlessly until at last one of his predictions actually works. Then he'll say, quite in earnest, "I told you so. The world should be listening to me." The Trader is, well, kinda stupid. He only knows what's in his Trade Plan. And if what happened yesterday didn't manage to creep into the laminated Trade Plan he has before him as the Opening Bell rings, he does the same thing he did yesterday, when presented with it, at the right edge of his video screen. He's Andy Warhol's famous quote, "I want to be a machine."
Thurs Mar 22 Trade Summary & Journal
20180322
Long 2 RTY 1570.3, 1570.3, +0.7, +2.0
Long 1 NQ 6780.5, +10.0
Long 1 YM 24416, -10
Long 2 YM 24403, 24403, -0, -0
Long 1 YM 24403, +50
Short 1 YM 24470, -10
Short 2 YM 24510, 24511, +10, +10
Long 1 YM 24462, -12
Long 2 YM 24444, 24444, -7, -7
Long 1 NQ 6801.5, -2.5
Long 2 YM 24406, 24406, +10, -10
Long 2 RTY 1577.0, 1576.5, 1575.7, -1.6, -1.5, -1.0
Long 2 NQ 6782.0, 6782.0, +10.0, -0.25
Long 2 YM 24387, 24387, +20, -0
Long 2 RTY 1573.6, 1573.6, -1.5,-1.5
Long 2 NQ 6773.0, 6773.0, -2.25, -2.25
Long 2 RTY 1571.2, 1571.2, -1.4, -1.4
Long 3 RTY 1569.7, 1569.7, 1568.7, -1.4, -1.4, -1.4
Long 3 NQ 1567.5, 1567.5, 1567.5, -3.0, -3.0, -3.0
Total YM +44
Total NQ +3.75
Total RTY -11.4
Nothing is worse for your psychology than to nearly make your daily profit goal in early trading, only to give it all away--and then some--trying to get reach it exactly. There is no rule in your trade plan called 'All Or Nothing'. It is easy to see in yourself as weakness a tendency to quit while ahead while still shy of that profit goal. And so, to combat that appraisal, you find your mental state as one of being willing to give it all back while to trying to reach it. That is a gamblers mentality. The accumulated profits don't matter if you don't have everything you want. Don't let the desire to get everything you wanted to push you into trading away everything you already have. You're not the gambler. You are the Trader. ...and the business of trading requires humility and acceptance of imperfection and even dissatisfaction in your efforts to achieve your daily frame goal. At such times, it is critically important to ACCEPT THE OUTCOME.
Long 2 RTY 1570.3, 1570.3, +0.7, +2.0
Long 1 NQ 6780.5, +10.0
Long 1 YM 24416, -10
Long 2 YM 24403, 24403, -0, -0
Long 1 YM 24403, +50
Short 1 YM 24470, -10
Short 2 YM 24510, 24511, +10, +10
Long 1 YM 24462, -12
Long 2 YM 24444, 24444, -7, -7
Long 1 NQ 6801.5, -2.5
Long 2 YM 24406, 24406, +10, -10
Long 2 RTY 1577.0, 1576.5, 1575.7, -1.6, -1.5, -1.0
Long 2 NQ 6782.0, 6782.0, +10.0, -0.25
Long 2 YM 24387, 24387, +20, -0
Long 2 RTY 1573.6, 1573.6, -1.5,-1.5
Long 2 NQ 6773.0, 6773.0, -2.25, -2.25
Long 2 RTY 1571.2, 1571.2, -1.4, -1.4
Long 3 RTY 1569.7, 1569.7, 1568.7, -1.4, -1.4, -1.4
Long 3 NQ 1567.5, 1567.5, 1567.5, -3.0, -3.0, -3.0
Total YM +44
Total NQ +3.75
Total RTY -11.4
Nothing is worse for your psychology than to nearly make your daily profit goal in early trading, only to give it all away--and then some--trying to get reach it exactly. There is no rule in your trade plan called 'All Or Nothing'. It is easy to see in yourself as weakness a tendency to quit while ahead while still shy of that profit goal. And so, to combat that appraisal, you find your mental state as one of being willing to give it all back while to trying to reach it. That is a gamblers mentality. The accumulated profits don't matter if you don't have everything you want. Don't let the desire to get everything you wanted to push you into trading away everything you already have. You're not the gambler. You are the Trader. ...and the business of trading requires humility and acceptance of imperfection and even dissatisfaction in your efforts to achieve your daily frame goal. At such times, it is critically important to ACCEPT THE OUTCOME.
Wed Mar 21 Trade Signal Summary
20180321
Short 1 NQ 6891.75, +8.5
Short 1 NQ 6897.75, +5.0
Short 1 RTY 1580.6, -0.3
Short 1 RTY 1581.7, -0.3
Short 1 NQ 6917.0, +5.0
Long 2 NQ 6905.75, 6905.5, -2.5, -2.5
Short 2 RTY 1582.2, 1582.2, +1.0, -0.5
Long 1 NQ 6896.0, +10.0
Short 1 RTY 1584.5, -0.7
Short 3 RTY 1587.0, 1587.5, 1588.1, -1.4, +1.0, +1.5
Total NQ +23.5
Total RTY +0.3
Short 1 NQ 6891.75, +8.5
Short 1 NQ 6897.75, +5.0
Short 1 RTY 1580.6, -0.3
Short 1 RTY 1581.7, -0.3
Short 1 NQ 6917.0, +5.0
Long 2 NQ 6905.75, 6905.5, -2.5, -2.5
Short 2 RTY 1582.2, 1582.2, +1.0, -0.5
Long 1 NQ 6896.0, +10.0
Short 1 RTY 1584.5, -0.7
Short 3 RTY 1587.0, 1587.5, 1588.1, -1.4, +1.0, +1.5
Total NQ +23.5
Total RTY +0.3
Tues Mar 20 Trade Signal Summary
20180320
Long 2 RTY 1578.9, 1577.8, -1.4, -1.4
Short 2 RTY 1581.3, 1581.0, +2.0, +0.7
Long 1 NQ 6883.25, +6.0
Long 1 NQ 6880.5, -2.5
Short 1 NQ 6801.0, -2.0
Long 1 NQ 6894.75, +3.0
Long 2 NQ 6889.25, 6888.25, -4.0, -3.0
Long 3 NQ 6887.0, 6887.0, 6887.0, -3.0, -3.0, -3.0
Long 1 RTY 1573.6, +2.0
Total NQ -11.5
Total RTY +1.9
Long 2 RTY 1578.9, 1577.8, -1.4, -1.4
Short 2 RTY 1581.3, 1581.0, +2.0, +0.7
Long 1 NQ 6883.25, +6.0
Long 1 NQ 6880.5, -2.5
Short 1 NQ 6801.0, -2.0
Long 1 NQ 6894.75, +3.0
Long 2 NQ 6889.25, 6888.25, -4.0, -3.0
Long 3 NQ 6887.0, 6887.0, 6887.0, -3.0, -3.0, -3.0
Long 1 RTY 1573.6, +2.0
Total NQ -11.5
Total RTY +1.9
Mon Mar 19 Trade Signal Summary
20180319
Short 1 RTY 1580.8, -0.0
Short 1 NQ 6969.25, +6.0
Long 2 RTY 1576.7, 1576.5, -0.8, -0.7
Long 2 YM 24736, 24736, +20, +20
Long 3 RTY 1575.5, 1574.9, 1574.9, -1.4, -1.1, -1.1
Long 2 NQ 6936.75, 6936.75, +5.0, +15.0
Short 2 RTY 1578.1, 1578.1, -0.4, +2.0
Long 1 NQ 6921.75, -2.5
Long 2 NQ 6909.5, 6909.5, -2.0, -2.0
Long 2 NQ 6907, 6907.0, +5.0, -5.5
Long 2 NQ 6901.0, 6900.5, +10.0, +3.0
Total YM +40
Total NQ +32.0
Total RTY -3.5
Short 1 RTY 1580.8, -0.0
Short 1 NQ 6969.25, +6.0
Long 2 RTY 1576.7, 1576.5, -0.8, -0.7
Long 2 YM 24736, 24736, +20, +20
Long 3 RTY 1575.5, 1574.9, 1574.9, -1.4, -1.1, -1.1
Long 2 NQ 6936.75, 6936.75, +5.0, +15.0
Short 2 RTY 1578.1, 1578.1, -0.4, +2.0
Long 1 NQ 6921.75, -2.5
Long 2 NQ 6909.5, 6909.5, -2.0, -2.0
Long 2 NQ 6907, 6907.0, +5.0, -5.5
Long 2 NQ 6901.0, 6900.5, +10.0, +3.0
Total YM +40
Total NQ +32.0
Total RTY -3.5
Fri Mar 16 Trade Signal Summary
20180316
Short 1 NQ 7070.25, -1.0
Long 1 YM 24942, +20
Long 1 NQ 7064.75, +5.0
Short 1 RTY, 1586.4, -0.4
Total YM +20
Total NQ +4.0
Total RTY -0.4
Short 1 NQ 7070.25, -1.0
Long 1 YM 24942, +20
Long 1 NQ 7064.75, +5.0
Short 1 RTY, 1586.4, -0.4
Total YM +20
Total NQ +4.0
Total RTY -0.4
Thur Mar 15 Trade Signal Summary
20180315
Long 1 NQ 7051.25, +5.0
Long 1 NQ 7048.25, -1.0
Long 1 RTY 1585.1, -1.4
Long 1 RTY 1584.2, +2.3
Short 1 NQ 7063.0, +5.0
Long 1 RTY 1582.4, +3.0
Short 1 NQ 7068.5, -1.5
Total NQ +7.5
Totall RTY +3.9
Long 1 NQ 7051.25, +5.0
Long 1 NQ 7048.25, -1.0
Long 1 RTY 1585.1, -1.4
Long 1 RTY 1584.2, +2.3
Short 1 NQ 7063.0, +5.0
Long 1 RTY 1582.4, +3.0
Short 1 NQ 7068.5, -1.5
Total NQ +7.5
Totall RTY +3.9
Wed Mar 14 Trades & Journal
20180314
Long 2 YM 25040, 25041, +10, -10
Long 3 RTY 1594.1, 1594.1, 1594.1, +1.5, +2.0, +3.5
Long 2 YM 25033, 25033, +10, +30
Short 2 NQ 7092.75, 7092.75, +3.0, +10
Total YM +40
Total NQ +13.0
Total RTY +7.0
The secret to a consistent Trade Plan are its disparate technical event elements. It's never a matter of experienced intuition. Intuition, in the world of trading, is the dictionary definition of inconsistency. There is no guessing when following a good Trade Plan. Either the disparate technical pieces have all fallen into place, or they haven't. That doesn't mean your Event Concept Models work every time. It just means you take them whether when they all arrive in near simultaneous time. When the position fails, you accept your stop outs, and re-access if the model is still intact at a deeper level of price and at a further number along the Pivot-Exhaustion Grid. If so, that model is now even MORE likely to work than before where it stopped you out as the excursion continued. Therefore, the Martingale betting strategy adjusts your entry to increase the size--not an easy thing to do if you lose faith in your Entry Concept at its earlier stop-out.
Follow the Plan. It's far more likely to lead to consistency than your feelings. Feelings are like the fantasy concept of George Lucas' Star Wars 'the force'. And the best advice in the real world to have schooled the challenged Luke Skywalker was "Fade your feelings, Luke." Follow your principles. Feelings are lies about the real world, and just as in politics and ethics, arrive to induce you into a decision of comfort. Lies, of necessity, arrive as sugar. They always tell you to do what is easy, what is intellectual, and what seems logical in the false world of intellectual construct. Whereas, the truth tends to arrive at best as 'Plain Jane', and at worst as a bitter pill. And just so is it in trading. The best places to enter appear not because they are easy, but because they are hard.
Long 2 YM 25040, 25041, +10, -10
Long 3 RTY 1594.1, 1594.1, 1594.1, +1.5, +2.0, +3.5
Long 2 YM 25033, 25033, +10, +30
Short 2 NQ 7092.75, 7092.75, +3.0, +10
Total YM +40
Total NQ +13.0
Total RTY +7.0
The secret to a consistent Trade Plan are its disparate technical event elements. It's never a matter of experienced intuition. Intuition, in the world of trading, is the dictionary definition of inconsistency. There is no guessing when following a good Trade Plan. Either the disparate technical pieces have all fallen into place, or they haven't. That doesn't mean your Event Concept Models work every time. It just means you take them whether when they all arrive in near simultaneous time. When the position fails, you accept your stop outs, and re-access if the model is still intact at a deeper level of price and at a further number along the Pivot-Exhaustion Grid. If so, that model is now even MORE likely to work than before where it stopped you out as the excursion continued. Therefore, the Martingale betting strategy adjusts your entry to increase the size--not an easy thing to do if you lose faith in your Entry Concept at its earlier stop-out.
Follow the Plan. It's far more likely to lead to consistency than your feelings. Feelings are like the fantasy concept of George Lucas' Star Wars 'the force'. And the best advice in the real world to have schooled the challenged Luke Skywalker was "Fade your feelings, Luke." Follow your principles. Feelings are lies about the real world, and just as in politics and ethics, arrive to induce you into a decision of comfort. Lies, of necessity, arrive as sugar. They always tell you to do what is easy, what is intellectual, and what seems logical in the false world of intellectual construct. Whereas, the truth tends to arrive at best as 'Plain Jane', and at worst as a bitter pill. And just so is it in trading. The best places to enter appear not because they are easy, but because they are hard.
Tues Mar 13 Trade Summary & Journal
20180313
Short 3 NQ 7208.5, 7208.75, 7210.5, +3.0, +4.0, -1.0
Short 2 YM 25402, 25402, +10, +30
Long 2 RTY 1611.0, 1610.8, -0.2, -0.1
Long 2 NQ 7190.0, 7190.0, +3.0, +6.0
Short 2 RTY 1613.6, 1613.5, -0.5, -0.5
Short 1 NQ 7205.75, -1.75
Short 2 NQ 7207.0, 7207.0, -2.0, -2.0
Long 1 YM 23322, -10
Long 2 RTY 1612.5, 1612.5, -1.4, -1.4
Long 2 YM 25308, 25308, -10, -10
Long 4 YM 25275, 25275, 25275, 25275, +20, +20, +30, +40
Long 2 RTY 1608.9, 1608.9, +2.0, +2.6
Long 1 NQ 7160.0, +8.0
Long 2 NQ 7160.6, 7159.75, -3.0, -2.0
Long 3 NQ 7155.25, 7255.25, 7155.25, -2.0, -2.0, -2.0
Long 2 YM 25270, 25270, +10, -10
Long 2 YM 25243, 25245, +10, -10
Long 4 RTY 1605.0, 1605.0, 1604.9, 1604.9, -0.0, -0.0, -0.0, -0.0
Long 2 RTY 1603.9, 1603.4, -1.4, -1.4
Long 1 NQ 7129.0, -2.0
Long 1 YM 25213, +20
Long 1 YM 25209, 25209, +10, +20
Long 2 NQ 7113.75, 7113.75, +8.0, +20.0
Long 2 RTY 1600.9, 1600.9, +1.0, +2.0
Total YM +170
Total NQ +32.25
Total RTY +0.7
There should be a limit to the number of trades you take per frame. Today, in the first frame, I far exceeded my 10 trade max. When the volatility appears, it draws you in....too often like the proverbial moth to flame. Today, the bounces were big enough at supports and Sequents to accommodate my video gaming impulses....but such capitulation to such behavior usually ends badly. Have goals in all aspects of trade management. a max loss per day or frame, a profit goal to help curb over-trading, a maximum losing trades in a row (with full stop-loss stop-outs), and a maximum number of total trades. You cannot control the market. You can only control yourself.
Short 3 NQ 7208.5, 7208.75, 7210.5, +3.0, +4.0, -1.0
Short 2 YM 25402, 25402, +10, +30
Long 2 RTY 1611.0, 1610.8, -0.2, -0.1
Long 2 NQ 7190.0, 7190.0, +3.0, +6.0
Short 2 RTY 1613.6, 1613.5, -0.5, -0.5
Short 1 NQ 7205.75, -1.75
Short 2 NQ 7207.0, 7207.0, -2.0, -2.0
Long 1 YM 23322, -10
Long 2 RTY 1612.5, 1612.5, -1.4, -1.4
Long 2 YM 25308, 25308, -10, -10
Long 4 YM 25275, 25275, 25275, 25275, +20, +20, +30, +40
Long 2 RTY 1608.9, 1608.9, +2.0, +2.6
Long 1 NQ 7160.0, +8.0
Long 2 NQ 7160.6, 7159.75, -3.0, -2.0
Long 3 NQ 7155.25, 7255.25, 7155.25, -2.0, -2.0, -2.0
Long 2 YM 25270, 25270, +10, -10
Long 2 YM 25243, 25245, +10, -10
Long 4 RTY 1605.0, 1605.0, 1604.9, 1604.9, -0.0, -0.0, -0.0, -0.0
Long 2 RTY 1603.9, 1603.4, -1.4, -1.4
Long 1 NQ 7129.0, -2.0
Long 1 YM 25213, +20
Long 1 YM 25209, 25209, +10, +20
Long 2 NQ 7113.75, 7113.75, +8.0, +20.0
Long 2 RTY 1600.9, 1600.9, +1.0, +2.0
Total YM +170
Total NQ +32.25
Total RTY +0.7
There should be a limit to the number of trades you take per frame. Today, in the first frame, I far exceeded my 10 trade max. When the volatility appears, it draws you in....too often like the proverbial moth to flame. Today, the bounces were big enough at supports and Sequents to accommodate my video gaming impulses....but such capitulation to such behavior usually ends badly. Have goals in all aspects of trade management. a max loss per day or frame, a profit goal to help curb over-trading, a maximum losing trades in a row (with full stop-loss stop-outs), and a maximum number of total trades. You cannot control the market. You can only control yourself.
Mon Mar 12 Trade Signal Summary
20180312
Short 4 NQ 7166.0, 7166.25, 7167.25, 7168.25, -0.0, -0.0, +3.0, +4.0
Long 1 NQ 7161.5, -2.0
Long 2 RTY 1604.2, 1504.2, -0.1, -0.1
Short 1 NQ 7173.25, +7.0
Long 2 RTY 1600.9, 1601.5, +3.0, +1.0
Long 1 NQ 7159.25, +5.0
Long 1 RTY 1600.8, -0.4
Total NQ +17.0
Total RTY +3.3
Short 4 NQ 7166.0, 7166.25, 7167.25, 7168.25, -0.0, -0.0, +3.0, +4.0
Long 1 NQ 7161.5, -2.0
Long 2 RTY 1604.2, 1504.2, -0.1, -0.1
Short 1 NQ 7173.25, +7.0
Long 2 RTY 1600.9, 1601.5, +3.0, +1.0
Long 1 NQ 7159.25, +5.0
Long 1 RTY 1600.8, -0.4
Total NQ +17.0
Total RTY +3.3
Fri Mar 9 Trade Signal Summary
20180309
Short 2 YM 25101, 25101, +10, +20
Short 1 NQ 7053.0, +5.0
Short 1 NQ 7053.0, -1.75
Short 1 RTY 1582.6, +2.0
Short 2 NQ 7058.0, 7058.0, -1.75, -1.75
Short 4 NQ 7064.5, 7065.75, 7066.75, 7067.0, -0.0, -3.0, -3.0, -2.0
Short 2 RTY 1583.6, 1583.6, -1.4, -1.4
Short 3 YM 25144, 25144, 25144, +10, +20, +20
Short 2 NQ 7071.5, 7071.5, -2.0, -2.0
Short 2 NQ 7075.75, 7075.75, -2.0, -2.0
Short 3 NQ 7076.5, 7076.5, 7076.5, , -2.25, -2.25, -2.25,
Short 4 NQ 7081.25, 7081.25, 7081.25, 7081.5 +5.0, +5.0, +7.0, +3.0
Short 3 YM 25206, 25206, 25206, +10, +10, +30
Total YM +130
Total NQ -3.0
Total RTY -0.8
Short 2 YM 25101, 25101, +10, +20
Short 1 NQ 7053.0, +5.0
Short 1 NQ 7053.0, -1.75
Short 1 RTY 1582.6, +2.0
Short 2 NQ 7058.0, 7058.0, -1.75, -1.75
Short 4 NQ 7064.5, 7065.75, 7066.75, 7067.0, -0.0, -3.0, -3.0, -2.0
Short 2 RTY 1583.6, 1583.6, -1.4, -1.4
Short 3 YM 25144, 25144, 25144, +10, +20, +20
Short 2 NQ 7071.5, 7071.5, -2.0, -2.0
Short 2 NQ 7075.75, 7075.75, -2.0, -2.0
Short 3 NQ 7076.5, 7076.5, 7076.5, , -2.25, -2.25, -2.25,
Short 4 NQ 7081.25, 7081.25, 7081.25, 7081.5 +5.0, +5.0, +7.0, +3.0
Short 3 YM 25206, 25206, 25206, +10, +10, +30
Total YM +130
Total NQ -3.0
Total RTY -0.8
Thur Mar 8 Trade Signal Summary
20180308
Long 1 RTY 1576.4, +1.5
Long 1 RTY 1576.0, +1.1
Long 2 RTY 1574.4, 1574.3, +1.0, -0.5
Long 1 RTY 1570.9, 1571.2, +1.0, -1.0
Long 3 RTY 1569.6, 1569.6, 1569.6, +1.0, +2.0, +2.9
Long 1 RTY 1569.4, +2.0
Total RTY +11.0
Long 1 RTY 1576.4, +1.5
Long 1 RTY 1576.0, +1.1
Long 2 RTY 1574.4, 1574.3, +1.0, -0.5
Long 1 RTY 1570.9, 1571.2, +1.0, -1.0
Long 3 RTY 1569.6, 1569.6, 1569.6, +1.0, +2.0, +2.9
Long 1 RTY 1569.4, +2.0
Total RTY +11.0
Wed Mar 7 Trade Signal Summary
20180307
Short 2 NQ 6892.75, 6892.75, -2.0, -2.0
Short 3 NQ 6897.25, 6897.25, 6897.25, +8.0, +1.0, +12.0
Short 1 YM 24729, +20
Total YM +20
Total NQ +26
Short 2 NQ 6892.75, 6892.75, -2.0, -2.0
Short 3 NQ 6897.25, 6897.25, 6897.25, +8.0, +1.0, +12.0
Short 1 YM 24729, +20
Total YM +20
Total NQ +26
Tues Mar 6 Trade Signal Summary
20180306
Long 1 NQ 6910.5, -3.0
Long 1 YM 24910, -7
Long 2 YM 24892, 24892, -3, -3
Long 2 NQ 6903.0, 6903.0, -2.0, -2.0
Long 3 NQ 6900.75, 6900.75, 6900.75, +5.0, +5.0, +16.0
Short 2 YM 24917, 24923, +10, +23
Long 2 YM 24830, 24830, +20, +35
Long 2 RTY 1544.3, 1544.3, +1.0, +2.0
Total YM +75
Total NQ +19.0
Total RTY +3.0
The classic H&S pattern gets its most references in textbooks to a reversal pattern. My experience is just the opposite. It works as an H&S only if the left most shoulder of the pattern holds as support/resistance against
any price threats of retesting the extreme price point at the head. If this left shoulder is broken in the attempt, as it was today in the RTY, then it becomes a much more effective presage of renewed price extremes than it does a as reversal pattern. Thus, the big tug-a-war between the ever bull NQ and the unusual sloth-like behavior in the RTY today was settled by the RTY's bear leadership, not the NQ bull. Check out the book Pivots, Patterns and Intraday Swing details for more details and examples of this H&S presage failure signal.
Long 1 NQ 6910.5, -3.0
Long 1 YM 24910, -7
Long 2 YM 24892, 24892, -3, -3
Long 2 NQ 6903.0, 6903.0, -2.0, -2.0
Long 3 NQ 6900.75, 6900.75, 6900.75, +5.0, +5.0, +16.0
Short 2 YM 24917, 24923, +10, +23
Long 2 YM 24830, 24830, +20, +35
Long 2 RTY 1544.3, 1544.3, +1.0, +2.0
Total YM +75
Total NQ +19.0
Total RTY +3.0
The classic H&S pattern gets its most references in textbooks to a reversal pattern. My experience is just the opposite. It works as an H&S only if the left most shoulder of the pattern holds as support/resistance against
any price threats of retesting the extreme price point at the head. If this left shoulder is broken in the attempt, as it was today in the RTY, then it becomes a much more effective presage of renewed price extremes than it does a as reversal pattern. Thus, the big tug-a-war between the ever bull NQ and the unusual sloth-like behavior in the RTY today was settled by the RTY's bear leadership, not the NQ bull. Check out the book Pivots, Patterns and Intraday Swing details for more details and examples of this H&S presage failure signal.
Mon Mar 5 Trade Signals and Journal
20180305
Short 1 YM 24468, +20
Short 1 YM 24470, -5
Long 3 RTY 1523.4, 1523.4, 1523.4, +1.0, +2.0, -0.0
Long 2 NQ 6763.25, 6763.25, +5.0, -5.0
Short 1 NQ 6776.75, -0.0
Short 1 NQ 6780.0, +5.0
Short 1 RTY 1530.8, +1.2
Total YM +15
Total NQ +5.0
Total RTY +4.2
As traders, we tend to fall in love with our signalling minutia. We get down in the weeds of our numbers, our counts, our levels and our cross-overs. But Day Model supersedes all. And Test-n-Reject is the most common model among the three. It can be a beauty to behold, running below your boat like a Great White threatening to surface. It's simply ominous. Best when detected to simply your pull your tuna lines. What, you're going to try and hook a shark with a tuna line? ...good luck with that. Either climb on board its back and swim with it on ahead at bull speed, or step back and wait for a pullback you can sink your hooks into. At such times, break-out plays look genius.... at least for those of us dumb traders who can't wrap our heads around them so quickly as to recognize their potential in time... on days like this... when the undercurrent of a 2nd Trend Test-n-Reject model is lurking just under the surface of the murky waters beneath.
Short 1 YM 24468, +20
Short 1 YM 24470, -5
Long 3 RTY 1523.4, 1523.4, 1523.4, +1.0, +2.0, -0.0
Long 2 NQ 6763.25, 6763.25, +5.0, -5.0
Short 1 NQ 6776.75, -0.0
Short 1 NQ 6780.0, +5.0
Short 1 RTY 1530.8, +1.2
Total YM +15
Total NQ +5.0
Total RTY +4.2
As traders, we tend to fall in love with our signalling minutia. We get down in the weeds of our numbers, our counts, our levels and our cross-overs. But Day Model supersedes all. And Test-n-Reject is the most common model among the three. It can be a beauty to behold, running below your boat like a Great White threatening to surface. It's simply ominous. Best when detected to simply your pull your tuna lines. What, you're going to try and hook a shark with a tuna line? ...good luck with that. Either climb on board its back and swim with it on ahead at bull speed, or step back and wait for a pullback you can sink your hooks into. At such times, break-out plays look genius.... at least for those of us dumb traders who can't wrap our heads around them so quickly as to recognize their potential in time... on days like this... when the undercurrent of a 2nd Trend Test-n-Reject model is lurking just under the surface of the murky waters beneath.
Fri Mar 2 Trade Signal Summary
20180302
Short 2 NQ 6672.5, 6673.75, +3.0, -3.0
Short 1 NQ 6691.5, -3.0
Short 1 RTY 1500.2, -0.7
Short 2 NQ 6697.75, 6697.75, +3.0, +10.0
Short 1 RTY 1503.9, -0.7
Short 2 RTY 1504.2, 1504.2, -0.7, -0.7
Short 2 NQ 6725.5, 6725.5, +3.0, +10.0
Total NQ +23.0
Total RTY -2.8
Short 2 NQ 6672.5, 6673.75, +3.0, -3.0
Short 1 NQ 6691.5, -3.0
Short 1 RTY 1500.2, -0.7
Short 2 NQ 6697.75, 6697.75, +3.0, +10.0
Short 1 RTY 1503.9, -0.7
Short 2 RTY 1504.2, 1504.2, -0.7, -0.7
Short 2 NQ 6725.5, 6725.5, +3.0, +10.0
Total NQ +23.0
Total RTY -2.8
Thur Mar 1 Trade Signal Summary
20180301
Long 2 RTY 1507.1 1507.1, +1.5, +2.0
Short 1 NQ 6836.5, +5.0
Long 4 RTY 1500.4, 1500.4, 1500.1, 1500.1, +2.0, +2.0, +4.0, +4.0
Long 2 NQ 6801.5, 6801.5, +18.0, +18.0
Total NQ +41.0
Total RTY +15.5
Long 2 RTY 1507.1 1507.1, +1.5, +2.0
Short 1 NQ 6836.5, +5.0
Long 4 RTY 1500.4, 1500.4, 1500.1, 1500.1, +2.0, +2.0, +4.0, +4.0
Long 2 NQ 6801.5, 6801.5, +18.0, +18.0
Total NQ +41.0
Total RTY +15.5
Tues Feb 27 Trade Signal Summary
20180227
Long 2 RTY 1563.7, 1563.3, +1.0, +1.1
Long 1 RTY 1563.2, +0.1
Short 2 NQ 6992.5, 6992.5, +1.0, -4.0
Short 2 YM 25772, 25772, +20, +20
Short 2 NQ 7004.25, 7005.75, -3.0, -2.0
Short 2 NQ 7007.0, 7007.0, +5.0, +4.0
Long 2 YM 25707, 25709, +20, +10
Long 2 NQ 6985.75, 6985.75, +5.0, +5.0
Long 2 RTY 1557.1, 1557.1, +1.4, -0.1
Long 2 NQ 6972.5, 6972.5, +3.0, -1.0
Long 2 RTY 1556.3, 1556.3, +1.0, -0.7
Long 2 NQ 6963.25, 6963.25, -2.0, -2.0
Long 2 NQ 6953.0, 6953.0, +3.0, -3.0
Long 2 NQ 6950.0, 6950.0, +5.0, -2.0
Total YM +70
Total NQ +11.0
Total RTY +3.8
Long 2 RTY 1563.7, 1563.3, +1.0, +1.1
Long 1 RTY 1563.2, +0.1
Short 2 NQ 6992.5, 6992.5, +1.0, -4.0
Short 2 YM 25772, 25772, +20, +20
Short 2 NQ 7004.25, 7005.75, -3.0, -2.0
Short 2 NQ 7007.0, 7007.0, +5.0, +4.0
Long 2 YM 25707, 25709, +20, +10
Long 2 NQ 6985.75, 6985.75, +5.0, +5.0
Long 2 RTY 1557.1, 1557.1, +1.4, -0.1
Long 2 NQ 6972.5, 6972.5, +3.0, -1.0
Long 2 RTY 1556.3, 1556.3, +1.0, -0.7
Long 2 NQ 6963.25, 6963.25, -2.0, -2.0
Long 2 NQ 6953.0, 6953.0, +3.0, -3.0
Long 2 NQ 6950.0, 6950.0, +5.0, -2.0
Total YM +70
Total NQ +11.0
Total RTY +3.8
Mon Feb 26 Trade Signal Summary
20180226
Long 1 RTY 1550.7, -0.7
Long 1 RTY 1549.0, 1540.0, +1.0, -0.0
Short 2 NQ 6965.0, 6965.0, +2.0, +10.0
Long 2 RTY 1544.1, 1544.4, +1.0 , +1.0
Long 1 NQ 6936.0, +5.0
Long 1 RTY 1543.9, +2.0
Total NQ +17.0
Total RTY +4.3
Long 1 RTY 1550.7, -0.7
Long 1 RTY 1549.0, 1540.0, +1.0, -0.0
Short 2 NQ 6965.0, 6965.0, +2.0, +10.0
Long 2 RTY 1544.1, 1544.4, +1.0 , +1.0
Long 1 NQ 6936.0, +5.0
Long 1 RTY 1543.9, +2.0
Total NQ +17.0
Total RTY +4.3
Fri Feb 23 Trade Signal Summary
20180223
Long 1 RTY 1536.9, +1.8
Short 1 RTY 1539.5, +1.0
Long 1 RTY 1531.8, +1.5
Total RTY +4.3
Long 1 RTY 1536.9, +1.8
Short 1 RTY 1539.5, +1.0
Long 1 RTY 1531.8, +1.5
Total RTY +4.3
Thurs Feb 22 Trade Signal Summary
20180222
Short 3 RTY 1542.3, 1542.3, 1542.9, +2.4, +2.4, +3.0
Total RTY +7.8
Short 3 RTY 1542.3, 1542.3, 1542.9, +2.4, +2.4, +3.0
Total RTY +7.8
Wed Feb 21 Trade Signal Summary
20180221
Short 2 YM 25061, 25061, +10, -10
Short 1 NQ 6831.5, 6831.5, +5.0, +11.0
Short 1 RTY 1543.8, +1.0
Short 1 RTY 1546.4, +1.0
Total YM -0
Total NQ +16.0
Total RTY +2.0
Short 2 YM 25061, 25061, +10, -10
Short 1 NQ 6831.5, 6831.5, +5.0, +11.0
Short 1 RTY 1543.8, +1.0
Short 1 RTY 1546.4, +1.0
Total YM -0
Total NQ +16.0
Total RTY +2.0
Tues Feb 20 Trade Signal Summary
20180220
Short 2 RTY 1543.8, 1543.5, +2.0, +2.4
Short 3 RTY 1543.1, 1544.1, 1544.6, -0.0, -1.4, -0.7
Short 3 RTY 1544.6, 1544.6, 1544.6, +0.8, +2.0, +2.0
Long 2 NQ 6779.75, 6779.75, +5.0, -1.25
Long 2 RTY 1540.4, 1540.5, +1.0, +2.7
Total NQ +3.75
Total RTY +10.8
Short 2 RTY 1543.8, 1543.5, +2.0, +2.4
Short 3 RTY 1543.1, 1544.1, 1544.6, -0.0, -1.4, -0.7
Short 3 RTY 1544.6, 1544.6, 1544.6, +0.8, +2.0, +2.0
Long 2 NQ 6779.75, 6779.75, +5.0, -1.25
Long 2 RTY 1540.4, 1540.5, +1.0, +2.7
Total NQ +3.75
Total RTY +10.8
Mon Feb 19 Trade Signal Summary
20180219
Long 2 RTY 1538.2, 1538.2, +1.0, -0.7
Short 2 RTY 1538.1, 1538.1, +1.4, +1.5
Long 2 NQ 6776.0, 6776.0, +3.0, -3.0
Long 3 NQ 6779.25, 6769.25, 6769.25, +3.0, +10.0, +10.0
Long 2 YM 25066, 25066, +15, +40
Long 2 RTY 1530.9, 1530.9, -0.0, -0.0
Total YM +55
Total NQ +23.0
Total RTY +3.2
Long 2 RTY 1538.2, 1538.2, +1.0, -0.7
Short 2 RTY 1538.1, 1538.1, +1.4, +1.5
Long 2 NQ 6776.0, 6776.0, +3.0, -3.0
Long 3 NQ 6779.25, 6769.25, 6769.25, +3.0, +10.0, +10.0
Long 2 YM 25066, 25066, +15, +40
Long 2 RTY 1530.9, 1530.9, -0.0, -0.0
Total YM +55
Total NQ +23.0
Total RTY +3.2
Fri Feb 16 Trade Signal Summary
20180216
Short 2 NQ 6819.0, 6819.0, +3.0, -3.0
Short 3 RTY 1544.4, 1544.4, 1544.4, +1.0, +2.0, +4.0
Long 2 NQ, 6802.0, 6801.0, -3.0, -3.0
Long 3 NQ 6796.0, 6796.0, 6796.0, +3.0. +3.0, -3.0
Total NQ -3.0
Total RTY +7.0
Short 2 NQ 6819.0, 6819.0, +3.0, -3.0
Short 3 RTY 1544.4, 1544.4, 1544.4, +1.0, +2.0, +4.0
Long 2 NQ, 6802.0, 6801.0, -3.0, -3.0
Long 3 NQ 6796.0, 6796.0, 6796.0, +3.0. +3.0, -3.0
Total NQ -3.0
Total RTY +7.0
Thurs Feb 15 Trade Signal Summary
20180215
Short 1 NQ 6733.25, -2.0
Short 2 NQ 6741.5, 6741.5, +3.0, -3.0
Short 2 RTY 1529.2, 1529.2, +1.1, +3.6
Short 1 NQ 6728.25, -3.0
Short 1 YM 25053, +30
Total YM +30
Total NQ -5.0
Total RTY +4.7
Short 1 NQ 6733.25, -2.0
Short 2 NQ 6741.5, 6741.5, +3.0, -3.0
Short 2 RTY 1529.2, 1529.2, +1.1, +3.6
Short 1 NQ 6728.25, -3.0
Short 1 YM 25053, +30
Total YM +30
Total NQ -5.0
Total RTY +4.7
Wed Feb 14 Trade Signal Summary
20180214
Long 1 NQ 6538.5, +8.5
Short 2 RTY 1489.5, 1489.5, +1.0, +4.0
Short 1 RTY 1499.3, -0.0
Short 1 RTY 1505.8, +3.0
Total NQ +8.5
Total RTY +8.0
Long 1 NQ 6538.5, +8.5
Short 2 RTY 1489.5, 1489.5, +1.0, +4.0
Short 1 RTY 1499.3, -0.0
Short 1 RTY 1505.8, +3.0
Total NQ +8.5
Total RTY +8.0
Tues Feb 13 Trade Signal Summary
20180213
Short 1 NQ 6505.0, -4.0
Long 2 RTY 1482.2, 1482.1, -0.5, +2.5
Long 1 RTY 1480.6, +1.8
Short 2 NQ 6530.0, 6532.75, +2.0, -0.0
Short 2 RTY 1485.5, 1486.4, -0.0, -0.0
Total NQ -2.0
Total RTY +3.8
Short 1 NQ 6505.0, -4.0
Long 2 RTY 1482.2, 1482.1, -0.5, +2.5
Long 1 RTY 1480.6, +1.8
Short 2 NQ 6530.0, 6532.75, +2.0, -0.0
Short 2 RTY 1485.5, 1486.4, -0.0, -0.0
Total NQ -2.0
Total RTY +3.8
Mon Feb 12 Trade Signals & Journal
20180212
Short 1 YM 24519, +40
Long 1 NQ 6498.5, -6.0
Long 2 NQ 6493.25, 6493.25, -3.0, -3.0
Long 3 NQ 6486.75, 6486.75, +5.0, -3.0, -3.0
Long 2 RTY 1474.6, 1474.6, +4.0, +4.0
Long 1 RTY 1474.5, -2.0
Long 2 NQ 6472.5, 6472.5, -3.0, -3.0
Long 3 NQ 6466.0, 6466.0, 6466.0, -3.0, -3.0, -.30
Long 3 NQ 6450.25, 6450.25, 6450.25, -3.0, -3.0, -3.0
Long 4 RTY 1464.8, 1464.8, 1464.8, 1464.8, , +3.0, +3.0, +3.0, +3.0,
Long 3 NQ 6446.5, 6446.5, 6446.5, +10.0, +10.0, -0.75
Long 1 YM 24280, -17
Long 1 NQ 6432.5, -3.0
Long 2 NQ 6431.0, 6431.0, +15.0, +17.0
Long 2 YM 24279, 24279, +30, +30
Total YM +83
Total NQ +11.25
Total RTY +18.0
Last weeks action, though volatile, was nonetheless characterized with true signals. By that I mean, once a reversal action was in, the move stayed until resistance was hit in the opposite direction. Then you could either dump all units because even to the initial resistance was a big move, or you could partial out your position and risk the balance with a break-even stop loss. Today, on the way down, the action in the much desired NQ was stutter-step. That is, bounces off resistance at key Serial Sequent fractals went only far enough to give you false encouragement, then whip=lashed you into a stop-out in further trend extension. Was down my daily loss limit in NQ while up my daily goal in the RTY, so early going was just treading water. The key to getting back in after stop out is always the same. "Is the Trade Entry Technical Event Concept still intact?" (This model must include the Frame-of-Day criteria, as well as the Sequent fractal, of course). If yes, I re enter, if not, I wait until the next model asserts itself in further trend action. If the model is still intact, but price has extended the stretch, then consider the Martingale betting routine of re-entering with larger size than you got stopped out on.
Interestingly, Martingale works better in futures trading than on the gaming tables, where, for instance, a roulette wheel repeating the color red X times, still retains the same odds of 50/50, regardless of how big X actually is. There, it's just that it becomes unusual to extend X past some typical extension. But the stock futures market and a feature the roulette wheel does not have. It has ELASTICITY. That is, the players and their pursuit of entries and stop-outs put price extension into zones of exhaustion, and if the X on the roulette wheel could be affected by the number of players who bet against it as it continues to extend. On the table, of course, there is no such relationship between the number of players betting the likelihood of a change of color and the Pill's eventually land on the color wheel. But in the market, there IS such a relationship. Therefore, the Martingale scheme, which some say does increase your chances at Roulette and Black Jack, is truly meaningful in the markets.
Short 1 YM 24519, +40
Long 1 NQ 6498.5, -6.0
Long 2 NQ 6493.25, 6493.25, -3.0, -3.0
Long 3 NQ 6486.75, 6486.75, +5.0, -3.0, -3.0
Long 2 RTY 1474.6, 1474.6, +4.0, +4.0
Long 1 RTY 1474.5, -2.0
Long 2 NQ 6472.5, 6472.5, -3.0, -3.0
Long 3 NQ 6466.0, 6466.0, 6466.0, -3.0, -3.0, -.30
Long 3 NQ 6450.25, 6450.25, 6450.25, -3.0, -3.0, -3.0
Long 4 RTY 1464.8, 1464.8, 1464.8, 1464.8, , +3.0, +3.0, +3.0, +3.0,
Long 3 NQ 6446.5, 6446.5, 6446.5, +10.0, +10.0, -0.75
Long 1 YM 24280, -17
Long 1 NQ 6432.5, -3.0
Long 2 NQ 6431.0, 6431.0, +15.0, +17.0
Long 2 YM 24279, 24279, +30, +30
Total YM +83
Total NQ +11.25
Total RTY +18.0
Last weeks action, though volatile, was nonetheless characterized with true signals. By that I mean, once a reversal action was in, the move stayed until resistance was hit in the opposite direction. Then you could either dump all units because even to the initial resistance was a big move, or you could partial out your position and risk the balance with a break-even stop loss. Today, on the way down, the action in the much desired NQ was stutter-step. That is, bounces off resistance at key Serial Sequent fractals went only far enough to give you false encouragement, then whip=lashed you into a stop-out in further trend extension. Was down my daily loss limit in NQ while up my daily goal in the RTY, so early going was just treading water. The key to getting back in after stop out is always the same. "Is the Trade Entry Technical Event Concept still intact?" (This model must include the Frame-of-Day criteria, as well as the Sequent fractal, of course). If yes, I re enter, if not, I wait until the next model asserts itself in further trend action. If the model is still intact, but price has extended the stretch, then consider the Martingale betting routine of re-entering with larger size than you got stopped out on.
Interestingly, Martingale works better in futures trading than on the gaming tables, where, for instance, a roulette wheel repeating the color red X times, still retains the same odds of 50/50, regardless of how big X actually is. There, it's just that it becomes unusual to extend X past some typical extension. But the stock futures market and a feature the roulette wheel does not have. It has ELASTICITY. That is, the players and their pursuit of entries and stop-outs put price extension into zones of exhaustion, and if the X on the roulette wheel could be affected by the number of players who bet against it as it continues to extend. On the table, of course, there is no such relationship between the number of players betting the likelihood of a change of color and the Pill's eventually land on the color wheel. But in the market, there IS such a relationship. Therefore, the Martingale scheme, which some say does increase your chances at Roulette and Black Jack, is truly meaningful in the markets.
Fri Feb 9 Trade Signals & Journal
20180209
Short 1 RTY 1475.7.0, -1.5
Short 3 RTY 1478.0, 1478.0, 1478.0, +2.0, +2.0, +3.0
Short 1 RTY 1477.7, -0.7
Short 1 RTY 1479.9, +3.0
Long 1 NQ 6369.25, +10.0
Long RTY 1460.4, 1459.8, +0.3, -1.5
Long 1 NQ 6365.0, -6.0
Long 1 RTY 1457.3, -1.5
Long 2 NQ 6288.25, 6288.25, +10.0, +48.75
Long 3 RTY 1455.1, 1455.1, 1455.1, +2.0, +2.0, +7.0
Total NQ +62.75
Total RTY +16.1
Volatility is like a rubber band. The question is, when do you know that it's about to snap back? Our Trade Plan requires a combination of disparate technical event concepts to arrive simultaneously at the right edge of the video screen. ...but that doesn't always predict the extent of the exhaustion spike. When extending to such extremes, as did the post TrendCheck plummet, you must rely on the Trade Model still being intact before using a Martingale betting srategy of increasing size into extremes. Otherwise, you just add to the losses of your earlier stop-outs. Today was nearly ideal for that, as the plummet took place in an environment of increased volatility, but in so doing, set the stage for a powerful bounce-back. Thus the better than average profits. Stay alert. Stick to your plan. Plan for contingencies in market behavior.
Short 1 RTY 1475.7.0, -1.5
Short 3 RTY 1478.0, 1478.0, 1478.0, +2.0, +2.0, +3.0
Short 1 RTY 1477.7, -0.7
Short 1 RTY 1479.9, +3.0
Long 1 NQ 6369.25, +10.0
Long RTY 1460.4, 1459.8, +0.3, -1.5
Long 1 NQ 6365.0, -6.0
Long 1 RTY 1457.3, -1.5
Long 2 NQ 6288.25, 6288.25, +10.0, +48.75
Long 3 RTY 1455.1, 1455.1, 1455.1, +2.0, +2.0, +7.0
Total NQ +62.75
Total RTY +16.1
Volatility is like a rubber band. The question is, when do you know that it's about to snap back? Our Trade Plan requires a combination of disparate technical event concepts to arrive simultaneously at the right edge of the video screen. ...but that doesn't always predict the extent of the exhaustion spike. When extending to such extremes, as did the post TrendCheck plummet, you must rely on the Trade Model still being intact before using a Martingale betting srategy of increasing size into extremes. Otherwise, you just add to the losses of your earlier stop-outs. Today was nearly ideal for that, as the plummet took place in an environment of increased volatility, but in so doing, set the stage for a powerful bounce-back. Thus the better than average profits. Stay alert. Stick to your plan. Plan for contingencies in market behavior.
Thurs Feb 8 Trade Signal Summary
20180208
Short 1 NQ 6505.75, +10.0
Long 1 NQ 6548.25, +10.0
Long 1 RTY 1500.1, -0.7
Long 1 RTY 1498.2, +2.0
Total NQ +20.0
Total RTY +1.4
Short 1 NQ 6505.75, +10.0
Long 1 NQ 6548.25, +10.0
Long 1 RTY 1500.1, -0.7
Long 1 RTY 1498.2, +2.0
Total NQ +20.0
Total RTY +1.4
Wed Feb 7 Trade Signal Summary
20180207
Short 1 YM 24955, +30
Long 1 NQ 6632.0, -0.5
Short 2 NQ 6681.0, 6684.0, -0.0, +10.0
Short 1 NQ 6684.5, -2.0
Short 1 YM 25109, +60
Long 1 NQ 6655.0, -1.0
Long 1 YM 24981, +60
Total YM +150
Total NQ +6.5
Short 1 YM 24955, +30
Long 1 NQ 6632.0, -0.5
Short 2 NQ 6681.0, 6684.0, -0.0, +10.0
Short 1 NQ 6684.5, -2.0
Short 1 YM 25109, +60
Long 1 NQ 6655.0, -1.0
Long 1 YM 24981, +60
Total YM +150
Total NQ +6.5
Tues Feb 6 Trades and Journal
20180206
Short 1 NQ 6540.0, +26.0
Short 1 NQ 6584.0, +20.0
Short 1 RTY 1499.0, -0.2
Total NQ +46.0
Total RTY -0.2
The test of a methodology is it's behavior in both nornal markets and volatile, in both markets ingested with news, and on those days when even a minor economic report fails to appear on the report docket. Today, volatility was extreme. The Dow mini took 100 pt bounces in the early going like they were mere ticks. The NQ sported 100 pt moves like the weather was a calm Spring day. But Serial Sequent, the TTI Momentum Indicator and the Pivot Exhaustion Grid aligned into trade entry models like they would on any other day with less than 1/10th the volatility.....only you had to remember to pull your targets quickly, because the resulting swings were a lava flow of opportunity. ....and I left 4 times my daily goal on the table just getting out too soon....to just sit on my hands in the bleachers and watch the game unfold... Have a Trade Plan consisting of robust models that work in any market climate. Stick to the plan. And my mentor was fond of saying, "Position yourself to be surprised."
Short 1 NQ 6540.0, +26.0
Short 1 NQ 6584.0, +20.0
Short 1 RTY 1499.0, -0.2
Total NQ +46.0
Total RTY -0.2
The test of a methodology is it's behavior in both nornal markets and volatile, in both markets ingested with news, and on those days when even a minor economic report fails to appear on the report docket. Today, volatility was extreme. The Dow mini took 100 pt bounces in the early going like they were mere ticks. The NQ sported 100 pt moves like the weather was a calm Spring day. But Serial Sequent, the TTI Momentum Indicator and the Pivot Exhaustion Grid aligned into trade entry models like they would on any other day with less than 1/10th the volatility.....only you had to remember to pull your targets quickly, because the resulting swings were a lava flow of opportunity. ....and I left 4 times my daily goal on the table just getting out too soon....to just sit on my hands in the bleachers and watch the game unfold... Have a Trade Plan consisting of robust models that work in any market climate. Stick to the plan. And my mentor was fond of saying, "Position yourself to be surprised."
Mon Feb 5 Trade Signal Summary
20180205
Long 1 NQ 6710.0, +10.0
Short 1 NQ 6729.0, -2.0
Short 1 NQ 6729.0, +5.0
Short 1 NQ 6743.75, +5.0
Short 2 RTY 1540.1, 1540.6, -1.4, -0.2
Short 2 RTY 1542.2, 1542.2, -1.4, -1.4
Short 8 RTY 1544.0, 1544.0, 1544.0, 1544.0, 1544.5, 1544.5, 1544.7, 1544.7, -1.4, -1.4, +1.0, +1.0, +1.0, +1.0, -1.5, -1.5
Short 2 YM 25383, 25383, -7, -7
Short 1 NQ 6790. -2.0
Short 2 NQ 6793.0, 6793.0, -2.0, -2.0
Short 3 NQ 6799.0, 6799.0, 6799.0, -2.0, -2.0, -2.0
Short 2 RTY 1548.0, 1548.0, +3.0, +4.0
Short 2 NQ 6810.0, 6810.0, +5.0, +20.0
Total YM -14
Total NQ +31.0
Total RTY +0.8
Long 1 NQ 6710.0, +10.0
Short 1 NQ 6729.0, -2.0
Short 1 NQ 6729.0, +5.0
Short 1 NQ 6743.75, +5.0
Short 2 RTY 1540.1, 1540.6, -1.4, -0.2
Short 2 RTY 1542.2, 1542.2, -1.4, -1.4
Short 8 RTY 1544.0, 1544.0, 1544.0, 1544.0, 1544.5, 1544.5, 1544.7, 1544.7, -1.4, -1.4, +1.0, +1.0, +1.0, +1.0, -1.5, -1.5
Short 2 YM 25383, 25383, -7, -7
Short 1 NQ 6790. -2.0
Short 2 NQ 6793.0, 6793.0, -2.0, -2.0
Short 3 NQ 6799.0, 6799.0, 6799.0, -2.0, -2.0, -2.0
Short 2 RTY 1548.0, 1548.0, +3.0, +4.0
Short 2 NQ 6810.0, 6810.0, +5.0, +20.0
Total YM -14
Total NQ +31.0
Total RTY +0.8
Fri Feb 2 Trade Signals and Journal
Trade Summary
20180202
Long 1 NQ 6871.0, +10.0
Long 2 RTY 1566.7, 1566.7, +1.0, +2.0
Long 1 NQ 6851.0, -2.0
Long 2 NQ 6845.5, 6845.5, +5.0, -1.0
Long 2 RTY 1566.3, 1556.6, +0.2, -0.7
Short 1 NQ 6849.75, +12.0
Long 1 NQ 6824.75, -2.5
Long 1 NQ 6808.75, -2.0
Long 1 NQ 6809.5, +10.0
Short 1 NQ 6835.75, -1.0
Short 1 NQ 6838.25, +5.0
Short 1 RTY 1565.7, +2.2
Total NQ +33.5
Total RTY +4.7
Volatility is your friend. ...if you are trained in handling poisonous snakes, that is. Stick your plan. The Technical Event Concepts for entering in a dull market are exactly the same as entering in a hot one. Only the wave action is much more likely to stop you out in the fast stuff. Reduce your size. Have all four major contracts out in front of you. Go where the signals are true and the leadership is consistent. This week, that's been all in the NQ. ...and that's a bit unusual, as the NQ can be a ton of irrational exuberance--in both directions. Go where the models fit your trade plan. Trade the plan not your prejudice.
20180202
Long 1 NQ 6871.0, +10.0
Long 2 RTY 1566.7, 1566.7, +1.0, +2.0
Long 1 NQ 6851.0, -2.0
Long 2 NQ 6845.5, 6845.5, +5.0, -1.0
Long 2 RTY 1566.3, 1556.6, +0.2, -0.7
Short 1 NQ 6849.75, +12.0
Long 1 NQ 6824.75, -2.5
Long 1 NQ 6808.75, -2.0
Long 1 NQ 6809.5, +10.0
Short 1 NQ 6835.75, -1.0
Short 1 NQ 6838.25, +5.0
Short 1 RTY 1565.7, +2.2
Total NQ +33.5
Total RTY +4.7
Volatility is your friend. ...if you are trained in handling poisonous snakes, that is. Stick your plan. The Technical Event Concepts for entering in a dull market are exactly the same as entering in a hot one. Only the wave action is much more likely to stop you out in the fast stuff. Reduce your size. Have all four major contracts out in front of you. Go where the signals are true and the leadership is consistent. This week, that's been all in the NQ. ...and that's a bit unusual, as the NQ can be a ton of irrational exuberance--in both directions. Go where the models fit your trade plan. Trade the plan not your prejudice.
Thurs Feb 1 Trade Signal Summary
20180201
Short 2 RTY 1571.5, 1571.5, +1.0, +2.0
Long 1 NQ 6926.75, -2.25
Long 2 NQ 6925.5, 6925.75, +3, +15
Short 2 RTY 1573.0, 1573.0, 1574.0, 1574.0, -1.5, -1.5, -1.5, -1.5
Short 6 RTY 1574.7, 1574.7, 1574.7, 1574.7, 1574.7, 1574.7, +1.5, +1.5, +1.5, +1.5, +2.0, +2.0
Short 2 NQ 6953.25, 6953.25, +2.0, +5.0
Short 2 RTY 1575.4, 1574.5, +1.0, +1.0
Long 1 NQ 6950.0, -2.25
Long 2 NQ 6944.0, 6944.0, +2.0, -2.0
Long 1 RTY 1572.6, +1.0
Total NQ +20.5
Total RTY +10.0
Short 2 RTY 1571.5, 1571.5, +1.0, +2.0
Long 1 NQ 6926.75, -2.25
Long 2 NQ 6925.5, 6925.75, +3, +15
Short 2 RTY 1573.0, 1573.0, 1574.0, 1574.0, -1.5, -1.5, -1.5, -1.5
Short 6 RTY 1574.7, 1574.7, 1574.7, 1574.7, 1574.7, 1574.7, +1.5, +1.5, +1.5, +1.5, +2.0, +2.0
Short 2 NQ 6953.25, 6953.25, +2.0, +5.0
Short 2 RTY 1575.4, 1574.5, +1.0, +1.0
Long 1 NQ 6950.0, -2.25
Long 2 NQ 6944.0, 6944.0, +2.0, -2.0
Long 1 RTY 1572.6, +1.0
Total NQ +20.5
Total RTY +10.0
Wed Jan 31 Trade Signal Summary
20180131
Long 1 YM 26262, -7
Long 1 RTY 1590.6, -0.7
Short 2 RTY 1589.8, -0.4, -0.7
Long 2 NQ 6981.5, 6981.5, +5.0, +5.0
Long 1 NQ 6974.0, -2.25
Long 1 NQ 6972.25, -0.0
Long 2 NQ 6970.75, 6970.75, +5.0, +8.0
Short 2 NQ 6985.0, 6985.75, +5.0, +2.0
Long 1 NQ 6983.0, +3.0
Long 1 NQ 6983.0, +5.0
Total YM -7
Total NQ +35.75
Total RTY -2.5
Long 1 YM 26262, -7
Long 1 RTY 1590.6, -0.7
Short 2 RTY 1589.8, -0.4, -0.7
Long 2 NQ 6981.5, 6981.5, +5.0, +5.0
Long 1 NQ 6974.0, -2.25
Long 1 NQ 6972.25, -0.0
Long 2 NQ 6970.75, 6970.75, +5.0, +8.0
Short 2 NQ 6985.0, 6985.75, +5.0, +2.0
Long 1 NQ 6983.0, +3.0
Long 1 NQ 6983.0, +5.0
Total YM -7
Total NQ +35.75
Total RTY -2.5
Tues Jan 30 Trade Signal Summary
20180130
Long 3 RTY 1588.9, 1587.9, 1587.9, -0.0, +1.0, -1.4
Long 1 YM 26175, -10
Long 2 NQ 6926.75, 2675.5, -2.5, -2.5
Long 4 RTY 1585.5, 1585.5, 1585.5, 1584.5, -1.4, -1.4, -1.4, -1.0
Long 3 RTY 1584.4, 1584.4, 1584.4, +3.5, +3.5, +3.5
Long 3 NQ 6923.0, 6923.0, 6923.0, +6.0, +5.0, +3.0
Long 2 NQ 6917.75, 6917.75, +5.0, -1.0
Long 2 NQ 6914.0, 6914.0, +3.0, -3.0
Short 2 NQ 6933.0, 6933.0, +2.0, -3.0
Short 1 NQ 6960.5, +6.0
Total YM -10
Total NQ +18.0
Total RTY +4.9
Long 3 RTY 1588.9, 1587.9, 1587.9, -0.0, +1.0, -1.4
Long 1 YM 26175, -10
Long 2 NQ 6926.75, 2675.5, -2.5, -2.5
Long 4 RTY 1585.5, 1585.5, 1585.5, 1584.5, -1.4, -1.4, -1.4, -1.0
Long 3 RTY 1584.4, 1584.4, 1584.4, +3.5, +3.5, +3.5
Long 3 NQ 6923.0, 6923.0, 6923.0, +6.0, +5.0, +3.0
Long 2 NQ 6917.75, 6917.75, +5.0, -1.0
Long 2 NQ 6914.0, 6914.0, +3.0, -3.0
Short 2 NQ 6933.0, 6933.0, +2.0, -3.0
Short 1 NQ 6960.5, +6.0
Total YM -10
Total NQ +18.0
Total RTY +4.9
Mon Jan 29 Trade Signal Summary
20180129
Short 1 RTY 1606.2, -1.5
Short 4 RTY 1609.7, 1609.7, 1609.5, 1609.4, +1.0, +2.0, +1.5, -0.0
Long 1 RTY 1607.5, -1.4
Long 1 NQ 7002.75, +3.0
Long 3 YM 26524, 26519, 26515, -0, +10, +30
Short 1 RTY 1610.7, +2.4
Long 2 RTY 1608.5, 1608.2, -1.5, -1.5
Long 3 RTY 1693.7, 1693.7, 1693.7, -1.4, -1.4, -1.4
Long 2 NQ 6992.5, 6992.5, -2.25, -2.25
Long 4 RTY 1601.8, 1601.8, 1601.8, 1601.8, +2.0, +2.0, +3.0, +2.5
Long 3 NQ 6903.75, 6903.75, 6903.75, +5.0, +5.0, +10.0
Total YM +40
Total NQ +18.5
Total RTY +6.3
Short 1 RTY 1606.2, -1.5
Short 4 RTY 1609.7, 1609.7, 1609.5, 1609.4, +1.0, +2.0, +1.5, -0.0
Long 1 RTY 1607.5, -1.4
Long 1 NQ 7002.75, +3.0
Long 3 YM 26524, 26519, 26515, -0, +10, +30
Short 1 RTY 1610.7, +2.4
Long 2 RTY 1608.5, 1608.2, -1.5, -1.5
Long 3 RTY 1693.7, 1693.7, 1693.7, -1.4, -1.4, -1.4
Long 2 NQ 6992.5, 6992.5, -2.25, -2.25
Long 4 RTY 1601.8, 1601.8, 1601.8, 1601.8, +2.0, +2.0, +3.0, +2.5
Long 3 NQ 6903.75, 6903.75, 6903.75, +5.0, +5.0, +10.0
Total YM +40
Total NQ +18.5
Total RTY +6.3
Fri Jan 26 Trade Signal Summary
20180126
Long 1 RTY 1600.6, -0.0
Short 1 YM 26450, -0
Short 1 NQ 6967.5, 6967.5, +3.0, -3.0
Short 3 RTY 1606.7, 1606.7, 1606.6 +1.7, +3.2, +1.0
Short 1 NQ 6970.0, +5.0
Long 1 NQ 6957.5, +5.0
Total YM -0
Total NQ +10.0
Total RTY +5.9
Long 1 RTY 1600.6, -0.0
Short 1 YM 26450, -0
Short 1 NQ 6967.5, 6967.5, +3.0, -3.0
Short 3 RTY 1606.7, 1606.7, 1606.6 +1.7, +3.2, +1.0
Short 1 NQ 6970.0, +5.0
Long 1 NQ 6957.5, +5.0
Total YM -0
Total NQ +10.0
Total RTY +5.9
Thur Jan 25 Trade Signal Summary
20180125
Long 1 RTY 1604.6, -1.4
Long 2 RTY 1602.9, 1602.9, +1.2, +2.0
Long 1 RTY 1602.6, -0.7
Long 1 NQ 6945.0, -2.25
Long 2 RTY 1601.6, 1601.6, -1.5, -1.5
Long 2 YM 26249, 26249, +35, +35
Short 1 NQ 6934.25, -2.0
Short 2 NQ 6939.75, 6939.75, +8.0, +13.0
Short 2 YM 26313, 26313, +25, +25
Total YM +120
Total NQ +16.75
Total RTY -1.9
Long 1 RTY 1604.6, -1.4
Long 2 RTY 1602.9, 1602.9, +1.2, +2.0
Long 1 RTY 1602.6, -0.7
Long 1 NQ 6945.0, -2.25
Long 2 RTY 1601.6, 1601.6, -1.5, -1.5
Long 2 YM 26249, 26249, +35, +35
Short 1 NQ 6934.25, -2.0
Short 2 NQ 6939.75, 6939.75, +8.0, +13.0
Short 2 YM 26313, 26313, +25, +25
Total YM +120
Total NQ +16.75
Total RTY -1.9
Wed Jan 24 Trade Signal Summary
20180124
Short 2 NQ 6984.5, 6984.5, +2.0, +7.0
Short 2 RTY 1616.3, 1616.3, +1.0, +2.0
Long 2 RTY 1612.7, 1612.3, +2.0, +1.0
Total NQ +9.0
Total RTY +6.0
Short 2 NQ 6984.5, 6984.5, +2.0, +7.0
Short 2 RTY 1616.3, 1616.3, +1.0, +2.0
Long 2 RTY 1612.7, 1612.3, +2.0, +1.0
Total NQ +9.0
Total RTY +6.0
Tues Jan 23 Trade Signal Summary
20180123
Short 2 NQ 6966.0, 6966.0, +2.0, -2.5
Short 2 RTY 1604.2, 1604.2, +1.0, +2.0
Short 1 NQ 6970.0, -1.5
Short 1 RTY 1604.1, +1.0
Total NQ -2.0
Total RTY +4.0
Short 2 NQ 6966.0, 6966.0, +2.0, -2.5
Short 2 RTY 1604.2, 1604.2, +1.0, +2.0
Short 1 NQ 6970.0, -1.5
Short 1 RTY 1604.1, +1.0
Total NQ -2.0
Total RTY +4.0
Mon Jan 22 Trade Signal Summary
20180122
Short 2 RTY 1598.7, 1598.9, +2.0, +1.0
Short 1 RTY 1598.3, +1.5
Short 1 RTY 1602.5, +1.5
Total RTY +6.0
Short 2 RTY 1598.7, 1598.9, +2.0, +1.0
Short 1 RTY 1598.3, +1.5
Short 1 RTY 1602.5, +1.5
Total RTY +6.0
Fri Jan 19 Trade Signal Summary
20180119
Short 1 NQ 6847.0, -0.0
Short 2 RTY 1582.3, 1582.3, +1.1, +1.5
Long 1 NQ 6831.75, +5.0
Long 1 NQ 6831.5, +3.0
Short 1 RTY 1582.0, -0.6
Short 2 RTY 1585.9, 1585.9, +0.7, -0.7
Short 2 RTY 1588.9, 1588.9, -1.4, -1.4
Short 2 RTY 1592.0, 1592.0, 1591.8, 15918, +1.4, +1.4, +1.8, +1.8
Total NQ +8.0
Total RTY +5.6
Short 1 NQ 6847.0, -0.0
Short 2 RTY 1582.3, 1582.3, +1.1, +1.5
Long 1 NQ 6831.75, +5.0
Long 1 NQ 6831.5, +3.0
Short 1 RTY 1582.0, -0.6
Short 2 RTY 1585.9, 1585.9, +0.7, -0.7
Short 2 RTY 1588.9, 1588.9, -1.4, -1.4
Short 2 RTY 1592.0, 1592.0, 1591.8, 15918, +1.4, +1.4, +1.8, +1.8
Total NQ +8.0
Total RTY +5.6
Thurs Jan 18 Trade Signal Summary
Trade Summary
20180118
Long 1 RTY 1585.3, -1.4
Long 2 RTY 1583.0, 1583.0, -1.5, -1.5
Long 4 RTY 1581.8, 1582.2, +2.0, +2.0, +1.0, +1.0
Short 1 RTY 1585.5, +1.6
Long 1 RTY 1581.6, +1.5
Long 1 NQ 6797.75, +7.0
Short 2 RTY 1583.5, 1583.5, +0.7, +2.0
Total NQ +7.0
Total RTY +5.9
20180118
Long 1 RTY 1585.3, -1.4
Long 2 RTY 1583.0, 1583.0, -1.5, -1.5
Long 4 RTY 1581.8, 1582.2, +2.0, +2.0, +1.0, +1.0
Short 1 RTY 1585.5, +1.6
Long 1 RTY 1581.6, +1.5
Long 1 NQ 6797.75, +7.0
Short 2 RTY 1583.5, 1583.5, +0.7, +2.0
Total NQ +7.0
Total RTY +5.9
Wed Jan 17 Trade Signal Summary
20180117
Long 1 NQ 6760.0, +5.0
Long 1 NQ 6754.5, -0.0
Short 1 RTY 1579.7, +2.5
Short 1 NQ 6771.0, -2.0
Short 2 NQ 6774.75, 6774.75, +2.0, -1.0
Long 1 NQ 6776.75, -0.0
Total NQ +4.0
Total RTY +2.5
Long 1 NQ 6760.0, +5.0
Long 1 NQ 6754.5, -0.0
Short 1 RTY 1579.7, +2.5
Short 1 NQ 6771.0, -2.0
Short 2 NQ 6774.75, 6774.75, +2.0, -1.0
Long 1 NQ 6776.75, -0.0
Total NQ +4.0
Total RTY +2.5
Tues Jan 16 Trade Signal Summary
20180116
Short 3 NQ 6839.0, 6841.0, 6841.25, -0.0, -2.0, -2.0
Short 2 YM 26039, 26039, +10, -10
Short 2 RTY 1603.00, 1603, -0.7, -0.7
Long 1 NQ 6830.25, -2.0
Long 2 NQ 6828.0, 6826.0, +6.0, +4.0
Short 4 RTY 1606.5, 1606.5, 1606.7, 16.07.0, +1.5, +1.5, +1.6, +2.0
Long 1 NQ 6825.75, -2.0
Long 2 NQ 6817.5, 6817.5, -2.0, -2.0
Long 2 YM 25923, 25923, 25923, -7, -7, -7
Long 2 RTY 1598.4, 1598.4, +1.0, -1.0
Long 1 NQ 6796.25, +9.0
Total YM -21
Total NQ +7.0
Total RTY +5.2
Short 3 NQ 6839.0, 6841.0, 6841.25, -0.0, -2.0, -2.0
Short 2 YM 26039, 26039, +10, -10
Short 2 RTY 1603.00, 1603, -0.7, -0.7
Long 1 NQ 6830.25, -2.0
Long 2 NQ 6828.0, 6826.0, +6.0, +4.0
Short 4 RTY 1606.5, 1606.5, 1606.7, 16.07.0, +1.5, +1.5, +1.6, +2.0
Long 1 NQ 6825.75, -2.0
Long 2 NQ 6817.5, 6817.5, -2.0, -2.0
Long 2 YM 25923, 25923, 25923, -7, -7, -7
Long 2 RTY 1598.4, 1598.4, +1.0, -1.0
Long 1 NQ 6796.25, +9.0
Total YM -21
Total NQ +7.0
Total RTY +5.2
Fri Dec 12 Trade Signal Summary
20180112
Short 2 NQ 6726.0, 6726.0, +2.0, +5.0
Short 1 RTY 1581.5, +2.0
Short 1 NQ 6732.0, +2.0
Short 1 NQ 6737.0, -2.0
Short 1 NQ 6740.5, +5.0
Short 1 NQ 6752.0, -2.0
Short 2 NQ 6753.25, 6753.25, -2.0, -2.0
Short 2 RTY 1597.0, 1597.0, -0.0, -0.0
Short 1 NQ 6759.0, +6.0
Short 1 RTY 1598.4, +2.0
Total NQ +12.0
Total RTY +4.0
Short 2 NQ 6726.0, 6726.0, +2.0, +5.0
Short 1 RTY 1581.5, +2.0
Short 1 NQ 6732.0, +2.0
Short 1 NQ 6737.0, -2.0
Short 1 NQ 6740.5, +5.0
Short 1 NQ 6752.0, -2.0
Short 2 NQ 6753.25, 6753.25, -2.0, -2.0
Short 2 RTY 1597.0, 1597.0, -0.0, -0.0
Short 1 NQ 6759.0, +6.0
Short 1 RTY 1598.4, +2.0
Total NQ +12.0
Total RTY +4.0
Thur Jan 11 Trade Signal Summary
20180111
Short 4 RTY 1568.7, 1568.7, 1569.1, 1569.1, -1.5, -1.5, -1.5, -1.5
Short 3 RTY 1571.9, 1571.9, 1571.9, 1571.5, 1571.5, 1571.5, -0.7, -0.7, -0.7, -1.4,-1.4,-1.4,
Short 3 NQ 6693.75, 6693.75, 6693.75, +5.0, +5.0, +5.0,
Short 5 RTY 1573.2, 1573.2, 1573.1, 1573.1, 1573.1, , +2.0, +2.0, +2.0, +2.0, +2.0
Long 3 NQ 6682.5, 6681.75, 6680.5, -0.0, +3.0, -2.0
Short 2 NQ 6681.5, 6681.5, -1.5, -1.5
Short 2 NQ 6683.5, 6683.5, -1.5, -1.5
Short 3 RTY 1577.8, 1577.8, 1577.7, -1.5, -1.5, -1.5,
Short 3 NQ 6686.5, 6686.5, 6686.5, +2.0, +4.0, +4.0
Short 5 RTY 1581.3, 1581.3, 1581.3, 1581.3, 1581.3, -1.1, -1.1, -1.1, -1.1, -1.1,
Short 5 RTY 1582.6, 1582.6, 1582.6, 1582.6, 1582.6, +1.0, +1.0, +1.0, +1.0, +1.0,
Short 1 NQ 6692.5, +3.0
Total NQ +18.5
Total RTY -7.3
Short 4 RTY 1568.7, 1568.7, 1569.1, 1569.1, -1.5, -1.5, -1.5, -1.5
Short 3 RTY 1571.9, 1571.9, 1571.9, 1571.5, 1571.5, 1571.5, -0.7, -0.7, -0.7, -1.4,-1.4,-1.4,
Short 3 NQ 6693.75, 6693.75, 6693.75, +5.0, +5.0, +5.0,
Short 5 RTY 1573.2, 1573.2, 1573.1, 1573.1, 1573.1, , +2.0, +2.0, +2.0, +2.0, +2.0
Long 3 NQ 6682.5, 6681.75, 6680.5, -0.0, +3.0, -2.0
Short 2 NQ 6681.5, 6681.5, -1.5, -1.5
Short 2 NQ 6683.5, 6683.5, -1.5, -1.5
Short 3 RTY 1577.8, 1577.8, 1577.7, -1.5, -1.5, -1.5,
Short 3 NQ 6686.5, 6686.5, 6686.5, +2.0, +4.0, +4.0
Short 5 RTY 1581.3, 1581.3, 1581.3, 1581.3, 1581.3, -1.1, -1.1, -1.1, -1.1, -1.1,
Short 5 RTY 1582.6, 1582.6, 1582.6, 1582.6, 1582.6, +1.0, +1.0, +1.0, +1.0, +1.0,
Short 1 NQ 6692.5, +3.0
Total NQ +18.5
Total RTY -7.3
Tues Jan 9 Trade Signal Summary
20180109
Long 2 RTY 1563.9, +1.5, +2.0
Short 2 YM 25334, +7, 30
Short 2 RTY 1566.3, +1.4, -0.2
Total YM +37
Total RTY +4.7
Long 2 RTY 1563.9, +1.5, +2.0
Short 2 YM 25334, +7, 30
Short 2 RTY 1566.3, +1.4, -0.2
Total YM +37
Total RTY +4.7
Mon Jan 8 Trade Signal Summary
20180108
Short 1 RTY 1552.2, +2.0
Short 1 NQ 6670.25, -0.0
Short 2 RTY 1553.2, 1553.2, +1.5, +1.7
Short 1 NQ 6679.75, -0.5
Short 2 RTY 1555.5, 1555.5, +1.5, +2.0
Total NQ -0.5
Total RTY +8.7
Short 1 RTY 1552.2, +2.0
Short 1 NQ 6670.25, -0.0
Short 2 RTY 1553.2, 1553.2, +1.5, +1.7
Short 1 NQ 6679.75, -0.5
Short 2 RTY 1555.5, 1555.5, +1.5, +2.0
Total NQ -0.5
Total RTY +8.7
Fri Jan 5 Trade Signal Summary
20180105
Short 1 NQ 6527.25, +7.0
Short 1 RTY 1559.2, -0.5
Short 1 NQ 6528.25, -0.75
Short 3 RTY 1560.1, 1560.6, 1560.5, -0.0, +0.7, +1.5
Total NQ +6.25
Total RTY +1.7
Short 1 NQ 6527.25, +7.0
Short 1 RTY 1559.2, -0.5
Short 1 NQ 6528.25, -0.75
Short 3 RTY 1560.1, 1560.6, 1560.5, -0.0, +0.7, +1.5
Total NQ +6.25
Total RTY +1.7
Thurs Jan 4 2018 Trade Signal Summary
20180104
Long 1 NQ 6592.0, -1.0
Long 1 RTY 1558.3, -0.5
Short 1 RTY 1557.5, -0.6
Short 1 NQ 6504.0, +7.0
Long 1 RTY 1555.8, +1.5
Short 1 NQ 6504.75, -0.0
Short 1 NQ 6509.0, -2.0
Short 2 YM 25076, 25076, +10, +31
Total YM +41
Total NQ +4.0
Total RTY +0.6
Long 1 NQ 6592.0, -1.0
Long 1 RTY 1558.3, -0.5
Short 1 RTY 1557.5, -0.6
Short 1 NQ 6504.0, +7.0
Long 1 RTY 1555.8, +1.5
Short 1 NQ 6504.75, -0.0
Short 1 NQ 6509.0, -2.0
Short 2 YM 25076, 25076, +10, +31
Total YM +41
Total NQ +4.0
Total RTY +0.6
Wed Jan 3 Trade Summary
20180103
Short 2 RTY 1554.0, 1554.1, +1.5, +3.0
Long 1 RTY 1550.8, +1.0
Short 1 RTY 1552.2, +1.3
Short 1 RTY 1553.4, -1.5
Short 2 RTY 1554.6, 1554.6, +0.6, -0.4
Long 1 RT 1552.2, -.6
Long 2 NQ 6559.5, 6558.5, +4.0, +2.0
Short 1 RTY 1557.2, +1.1
Total NQ 6.0
Total RTY 6.0
Short 2 RTY 1554.0, 1554.1, +1.5, +3.0
Long 1 RTY 1550.8, +1.0
Short 1 RTY 1552.2, +1.3
Short 1 RTY 1553.4, -1.5
Short 2 RTY 1554.6, 1554.6, +0.6, -0.4
Long 1 RT 1552.2, -.6
Long 2 NQ 6559.5, 6558.5, +4.0, +2.0
Short 1 RTY 1557.2, +1.1
Total NQ 6.0
Total RTY 6.0
Tues Jan 2 2018 Trade Summary & Jounal
Trade Summary
20180102
Short 2 RTY 1543.5, +1.0, -0.1
Short 2 NQ 6468.5, 6469.5, -3.0, -3.0
Short 2 RTY 1543.7, 1544.6, -1.5, -1.5
Short 3 RTY 1545.9, 1545.9, 1545.9, -1.5, -1.5, -1.5,
Short 6 RTY 1547.8, 1547.8, 1548.8, 1548.8, 1548.8, 1549.0, -1.5, -1.5, -1.5, -1.5, -1.5, -1.5,
Short 2 NQ 6486.0, 6486.0, -0.0, -0.0
Short 2 NQ 6496.5, 6496.5, +3.0, +4.0
Short 6 RTY 1552.1, 1552.1,1552.1, 1552.2, 1552.2, 1552.2, +1.4, +1.4, +1.4, +4.0, +4.0, +4.0
Total NQ +1.0
Total RTY +0.6
The Martingale Betting System cannot be applied in random fashion in futures trading as merely a way to recover losses. It can only be applied when a valid Trade Entry Model has become even more likely to succeed when the elements of True Trend Momentum and successive price points in the Exhaustion Grid have been achieved. By the time both of those have added back to the Serial Sequent fractal signal, as was the case today in both the NQ and RTY, a series of losses might have already accrued. At such times, it's tough to take another trade--and taking that trade with twice the number of contracts than the earlier losing positions even harder. Make sure your Trade Plan of Entry Models is based on Technical Event Concepts that have long history of validation. Otherwise, such a betting plan as that of the Martingale System will simply bury you against any profits your plan may succeed in accruing later in the week. ...and all the best to you in the coming New Year...
20180102
Short 2 RTY 1543.5, +1.0, -0.1
Short 2 NQ 6468.5, 6469.5, -3.0, -3.0
Short 2 RTY 1543.7, 1544.6, -1.5, -1.5
Short 3 RTY 1545.9, 1545.9, 1545.9, -1.5, -1.5, -1.5,
Short 6 RTY 1547.8, 1547.8, 1548.8, 1548.8, 1548.8, 1549.0, -1.5, -1.5, -1.5, -1.5, -1.5, -1.5,
Short 2 NQ 6486.0, 6486.0, -0.0, -0.0
Short 2 NQ 6496.5, 6496.5, +3.0, +4.0
Short 6 RTY 1552.1, 1552.1,1552.1, 1552.2, 1552.2, 1552.2, +1.4, +1.4, +1.4, +4.0, +4.0, +4.0
Total NQ +1.0
Total RTY +0.6
The Martingale Betting System cannot be applied in random fashion in futures trading as merely a way to recover losses. It can only be applied when a valid Trade Entry Model has become even more likely to succeed when the elements of True Trend Momentum and successive price points in the Exhaustion Grid have been achieved. By the time both of those have added back to the Serial Sequent fractal signal, as was the case today in both the NQ and RTY, a series of losses might have already accrued. At such times, it's tough to take another trade--and taking that trade with twice the number of contracts than the earlier losing positions even harder. Make sure your Trade Plan of Entry Models is based on Technical Event Concepts that have long history of validation. Otherwise, such a betting plan as that of the Martingale System will simply bury you against any profits your plan may succeed in accruing later in the week. ...and all the best to you in the coming New Year...
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