[photopress:NQfullpictureChopFestTRIN.jpg,thumb,alignleft] I ended the day with only one trade, no gain though (well, again, $0.28 after commission. LOL). In fact, after first trade was stopped out, I was waiting for opportunity to go Long since a new uptrend trend cycle was formed. But, heck, nothing happen, it was another chop fest. My adjusted TRIN index (nothing fancy, just some mathematical treatment of NYSE TRIN and TRINQ) showed negative sentiment in the morning in which I went short, and subsequently turned up then stayed flat. What a boring day. I watched the market till 1pm (2am in Singapore) and called it a day.

Luckily, we have the personality test and Trading Goddess around, the day in blogsphere was not so dull though 🙂

I am kinda frustrated. I just can’t concentrate on trading today. And well, I missed the entry around 1035am in NQ. That’s a very profitable entry.? Watching NQ making new highs without me. I call it a day now, stop wasting my time since I am not being myself.

Did I miss the forest again? By looking at the chart of NQ after closing bell, I “should have” earned couple more Rs “if” I hold on my position instead of moving my stop to lock in early profit. (I would have been stopped out also even though I only moved my stop to break even point). NQ did a weak pull back by breaking the trend cycle for a while and stalled at previous day’s high for some time before it continued moving up in the afternoon.

Well, for this trade, there were couple of signs that prompted me to exit according to my game plan. So, what can I do? I guess that’s the only sum of money the market was willing to give me.? On the other hand, maybe I should consider making a couple of trades after lunch hour as well… but well, it would be around 3am in Singapore…..
Not so “happy” by missing the afternoon move, but pretty satisfied with my game plan execution so far.

There were some swings in minutes chart of NQ. There was no clear trend, or should I say that the trend was changing couple of times, intraday. I had to be extra cautious and patient to stay out from being chopped around.

I did not trade yesterday, however I saw some opportunities in shorter time frame like 1 minute and 2 minute charts. I am not jumping into these now, but it is worth to have a closer look at how things change in these short time frame. I have couple of new setups added into my library, well, still to be studied.

Still flat for the week.