Good morning from Singapore. I have made two trades today. As I told you before, I am integrating NYSE TICK and NYSE TRIN. Looking for holy grail after bad months like August and September? 😆 NOPE!
I have been looking for a way/tool to give me a better picture of market breath. Market tone is an important element of dummy trading. Dummy entries work better when we are actually ‘joining the crowd’.
Looking back at the last 2 trades, the solution should be DON’T TRADE. I was looking at TICK over +400 but TRIN was trending up (An up trending TRIN shows volume are flowing into declining stocks.) When dummy setup appeared in this kinda situation, I should just ignore it. (In fact, TICK and TRIN had been keeping me away from SHORT position during first 2 hours of trading)
Anyway, it was indeed another choppy day. Opened low, flat, up then down. No damage to my account since I am almost flat for the day. But, good feel of trading with TICK and TRIN.
Learnt something. Let’s fight another day.