WHEN PLANS FLOP- PUNT AND KEEP TRADING

It was going so well.  Had sound, had picture, had a dummy run to test everything.  Today, egg on face flop.  Error messages about room full.  Punt.

Did open up join.me link and used the room chat.  My apology for the launch mishap, but better days are ahead.



TODAY:  YM  ES NQ TF

ES, like the others, quickly  tested the long BOT in pre-open.  Per our discussions, we would look for the PB to the 50% level of the bull control bar.  That was roughly the long BOT and the EMA.  Price actually moved a little faster.  Had expected the PB in b1  then a reversal around 3-4, but the general action was in place.

The strategy is:  look for a failed BO with a reversing trend, or look for the test and the continuation of the bull trend.  In either event, the move across the BOT is expected to be followed with a trend.

+7 and +8 were expected to be exit point, the +8 was deemed stronger and all BOT holds were a market exit at 13:32 PM at bar 49.


LONG BOTS                        MKT EXITS (BLUE LINES)

YM  11970                                  12044
ES    1277.5                                 1285.5
NQ   2236                                    2251
TF    781.8                                   792.4

click to enlarge