Dear diary,

Unexpectedly, I am working in office now. This is a real technical issue. And I am cracking my head now. So , no trading today.

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. Overall, I am not bearish though.
btw, tell you a secret. First mistake of the day, I sold the wrong contract!?! I was supposed to sell YM and accidentally sold ES. With 2 ticks loss. (this kinda mistake is unacceptable, I was lucky, my account did not allow me to trade big volume). Ok, you may laugh at me now.

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 its time above zere, but it is still moving within the noise range. TRIN opened below 1, however, it is trending upward again. It is very hard for me to be bullish now. Volume is not significantly high, but it is good enough to construct a volatile day. Intraday, E-mini Nasdaq (NQ) looked pretty bearish to me.
Well, it might be another choppy day again, I don’t know. I am watching for opportunity to do some scalp trades.

This is second scalp trade of NQ. Too bad, it did not work out. I scraped the position with profit just nice to pay commission. Again , that was another squeeze trade. NQ broke out from Bollinger band and Keltner channel in 5 minute chart. Momentem failed to continue pushing up the futures. One trade closed with 0.01-R gain.

[photopress:NQZ06_Squeeze_2.jpg,full,pp_image]

Dear diary,

eCBOT exchange is down again. How can this happen so often? Tell me.

1030am NY time.