Blog and Rants

Dear diary,No dummy trade for the day. After watching YM as well as NQ moving around OR (opening range) in 15-min chart, I hesitated to get in Long position. Indeed, they broke out from the range only in the afternoon. People were waiting for the tomorrow’s NFP(Non Farm payroll) report. No fun. It was a […]

There was a squeeze trade setup in YM this morning, I took the trade. YM broke out from squeeze channel (bolinger band and keltner channel) with momentum trending upward. I went long with 10 point stop loss. Took bad, I was stopped out with 1-R loss. [photopress:YM_squueze_trade_closed.jpg,full,pp_image]

Dear diary, Let’s look at what is going on in the first 30 minutes of regular session. I see rather flat opening. Volume is good. NYSE TICK stayed above zero most of the time while TRIN stayed above 1. I don’t want to predict direction of market, I will see what can I do later. […]

This series of posting is to keep track of articles that I have found to be useful to my development as trader. Here is the top ten trading readings in my del.icio.us Trader development ? Ignoring Your Inner Voice: Trading with Conviction Can Prove Profitable ? Diagnosing the Trader: Enhancing Performance Through Self-Assessment ? Putting Candles to the […]

Dear diary, It was a good day for stocks traders, but not for me. I did not have any dummy setup in NQ, YM and ES before 12 noon. I decided to call it a day without making any trade as I was physical exhausted, I guess the flu virus and haze in Singapore start […]

Dear diary, No opening trade for me today, as I did not have setup for squeeze trade. I am not ready for gap trading yet. Here is what I see in the first 30 minutes of regular session.We have a small gap down in 5-min and 15 min chart of ES. TICK spent most of […]