Dear diary,

I was reluctant to trade after watching the first 30 minutes of cash market opening. I told you that. In fact , there were setups for Short trade in 15-minute chart of ES and YM. However, TICK was not supporting this action. I am still new to trading with TICK. This morning, most of time, it was moving within +400~-400 range which showed the market was kinda non decisive. According to Carter, this range was also called NOISE.

So, I did not make any trade, my dear diary. Looking at the chart, you might say “hey, why didn’t you trade? you could just exit the trade at the bottom the long tailed candle. That will give you couple of Rs” Well, you are right. Well, it is easy to say these retrospectively.

Overall, it was another choppy day. Well, I did not make dollar. But, well, I did not lose any money in this choppy day.

Ya, Vincent was recommending Linda Raschke’s book and website to me. I read about her in New market wizard before.. I think I will give it a try by signing up the trial.

I will tell you later if I am going to trade on Friday, because I am kinda dizzy after watching the market. Up, down, flat, down , up, flat……..

Here are 15-min chart of ES and NQ.

E-mini S&P (ES)

[photopress:ES_15no_trade.jpg,full,pp_image]

E-mini Nasdaq (NQ)

[photopress:NQ_15_no_trade.jpg,full,pp_image]

=Talk to ya later=