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 to attack me. Opportunity for Squeeze trade appeared in the afternoon session around 2pm NY time.
I was looking at 30-min and 15-min chart for dummy trades as usual. Well, nothing happened in 30-min chart other than watching the futures running away without me. Ok, I was still in kinda “choppy mood”, so I was being cautious for any entry. In fact, there was a dummy entry in 15-min chart in the morning, I left it alone after watching TRIN is trending up. Well, complain? I don’t know. I am still trying to figure out a effective way to make use of TRIN. It kept me out from choppy market, and it kept me out from strong day as well. (I will take this boy out from my chart if I still can’t figure out the way by the end of this week).
By the way, I should thank TheKirkreport making a link to me, traffic to my blog has grown more than tripple.
I don’t feel like reading any blog today, because people will be celebrating their good trading day. 😆
So far, I am concentrating in playing two trade setups
- Dummy trading
- Squeeze trading (I called it Moron trading)
I am studying gap trading. I will be focusing in these three setups for the time being.
Time for me to pop in some multi-vitamin.
The TRIN can be a bit deceptive on strong trending days. I’ve seen the TRIN trend up, while the market trended up more than a few times.
What seemed to work on those days, is once the TRIN peaks, breaks the uptrend, and starts heading down in sync with the market up trend, then there’s a good chance of more buying to come.
Check out some other internals like the Advance/Decline line, Market Breadth (Up Volume vs. Down Volume), VIX (fear), Put/Call Ratio.
I’ve also found running an sma on the TICK and watching that trend can be helpful.
Also TICK, TRIN, A/D, Breadth, also have Nasdaq variations.
Lately the $SOX & $XBD have been leading indexes, if those 2 indexes aren’t participating in the move, it probably isn’t going to last.
Happy Trading!
The TRIN can be a bit deceptive on strong trending days. I’ve seen the TRIN trend up, while the market trended up more than a few times.
What seemed to work on those days, is once the TRIN peaks, breaks the uptrend, and starts heading down in sync with the market up trend, then there’s a good chance of more buying to come.
Check out some other internals like the Advance/Decline line, Market Breadth (Up Volume vs. Down Volume), VIX (fear), Put/Call Ratio.
I’ve also found running an sma on the TICK and watching that trend can be helpful.
Also TICK, TRIN, A/D, Breadth, also have Nasdaq variations.
Lately the $SOX & $XBD have been leading indexes, if those 2 indexes aren’t participating in the move, it probably isn’t going to last.
Happy Trading!
Deef,
I do find that TRIN is kinda deceptive during strong day. I will try out what you’ve suggested.
I don’t wanna confuse myself by adding too many indicators in the chart. However, i will do some study on A/D and VIX.
Thanks for the comments and trade well.
Gav
Deef,
I do find that TRIN is kinda deceptive during strong day. I will try out what you’ve suggested.
I don’t wanna confuse myself by adding too many indicators in the chart. However, i will do some study on A/D and VIX.
Thanks for the comments and trade well.
Gav