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. […]

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 […]

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 […]

Dear diary, eCBOT exchange is down again. How can this happen so often? Tell me. 1030am NY time.

Dear diary, This morning market started with negative tone. I did a quick scalp in 5-minute chart of NQ to get the mood right. I shorted NQ futures for very small profit. This is a squeeze trade as bolliger band was squeezing in Keltner channel and momentum turned negative. Short position was established when it […]