Trading diary: 04-Oct-2006 Tuesday Morning ???
October 4, 2006 – 10:00 pmDear 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 its time above zere, but it is still moving within the noise range. TRIN opened below 1, however, it is trending upward again. It is very hard for me to be bullish now. Volume is not significantly high, but it is good enough to construct a volatile day. Intraday, E-mini Nasdaq (NQ) looked pretty bearish to me.
Well, it might be another choppy day again, I don’t know. I am watching for opportunity to do some scalp trades.
From the desk of Tradergav.com
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