Time in trade 12:00-13:55 = 105 minutes (21 bars)
Trade gain - 49.42-49.70 = .28
I regret missing the first trade entry at 10:10 which reflected an opporunity lost of about .25.
Nevertheless, I stuck to the trading plan, followed the signals and am flat at the end of the day.
Arun asked about the TICK a few days ago and Wednesday I noticed this picture perfect example of TICK tell behavior. This is just a partial chart on 2 minute bars, but clearly displays the dramatic change in the 10/20 MAs on the TICK, NYAD and Qs. When the signals line up in sync like this example its time to bet the short side aggressively. The more tactical approach would be to go short at 14:00 and then add to the short at 15:00. I like to close these swoons at the end of the day, but with the 10/20 MA showing air into the close, there's also a good odds that weakness will carry through in the subsequent open. I prefer to play it safe and go flat. Another tactic is to close 1/2 the position at the close, letting the remainder ride overnight and using your accrued gain serve as a cushion against a possible pop.