Spent most of the doldrums tweaking my momentum charts since I am still having a hard time with price movement biasing my trading. I previously eliminated candlesticks in favor of line on close, but even that is creating focus and trigger issues for me. So, I have now eliminated all price indicators. Being a momentum futures trader, I just need my indicators to signal an entry and exit. I basically have stripped it down to the bare essentials.
Once that was completed, I noticed the sell off was in order and jumped on for two YM trades and one ER2 trade. The extreme volatility went unnoticed by me due to the elimination of price on my charts. I just followed the signals. Was able to focus on the triggers and not get bound up with emotional thoughts as price bounced around. In the end, I was able to bank +53 YM ticks and +20 ER2 ticks, which helped with the morning meltdown I had. Still ended in the red for the days futures trading, but am able to go into the evening and enjoy dinner and the family.
Summary of the day is below:
YM: -80 ticks (equal to -$400 per one contract position)
ER2: -54 ticks (equal to -$540 per one contract position)
Days Range: 252
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