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.
From the desk of Tradergav.com
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. Overall, [...]
This series of posting is to keep track of articles that I have found to be useful to my development as trader.
Here is the top ten trading readings in my del.icio.us
Trader development
» Ignoring Your Inner Voice: Trading with Conviction Can Prove Profitable
» Diagnosing the Trader: Enhancing Performance Through Self-Assessment
» Putting Candles to the Test How Profitable [...]
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 [...]
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