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4-27-2010 Total trades: 6 RTs (NQ) winner: 3 loser: 3 net p/l: -2.25pts Traded from 2 to 3:30pm ET. The first bounce since morning selloff (vol quite high) retraced between 38 to 50%. SPX was lagging. VIX had huge spike (>20%) this morning. ^TNX was in red. However, GL managed to break...

4-26-2010 Total trades: 5 RTs (NQ) winner: 3 loser: 2 net p/l: -0.5 pt After last Friday's new high on all three major indices. Today turned to be a consolidation day. market was a bit choppy. DOW was leading, SPX was lagging. NQ was looking like a triangle forming until noon when I...

4-23-2010 Total number of trades: 1 RT (NQ) net p/l: 2 ticks I spent most time in meetings evry Friday unti 3pm ET. SPX and DOW were making new intraday high (52 week high) in the last hour. NQ was a little lagging. ^TNX green DJ transport was strong. SPX was eading today, which was...

4-22-2010 Total trades: 2 RTs (NQ) winner: 2 Net p/l: 6 pts Yesterday SPX forrmed a big bull flag at close. Price broke the lower channel of the bull flag this morning. SPX made measured move after breaking yesterday's low (206.5yesterday close at top channel line, 199 neckline, 190.5 swing...

4-21-2010 No trades today. There was some computer problems at my work place this morning. I could not access internet for most of the trading hours. I had a few minutes to watch market near 3pm. I thought about going long at 2027 with stop 2025 after seeing price broke 2025 neckline, but...

4-20-2010 NQ broke to new high AH on Apple and Yahoo earning. The last hour trading during RH was quite inetersting. There was no real weakness, but the price could not break out of the consolidation range. It was probably due to lack of commitment from either side, or some manipulation by big...

4-20-2010 total trades: 2RTs (ES) winner: 1 loser: 1 net p/l: 0.25 pt I went long at 1202.5 (stop 1202.0) after price broke micro-supply line. Exit at 1203.50 (the vol was bit a ow on breakout). More consolidation expected b efore retest intraday high. I came back from a meeting around...

4-19-2010 Total trades: 3 RTs winner: 2 ( two ES trades) loser: 1 (one NQ trades0 Net p/l: 1.5 pts ES, -1.75pts NQ I have been in meetings for most of the trading hours until 3pm ET. The price pattern by 3pm showed double bottom (higher L at second) with neckline at 1185 on ES. YM is...

4-16-2010 Total trades: 3 RTs winner: 2 (one ES, one NQ) loser : 1 (ES) net p/L: 3 ticks of NQ I had meeting from 12noon to 3pm ET today. It was not easy to trade after 11:30 since the majority of price movement was already over. Today was a volatile day. It was interesting that...

I've seen people mentioned divergence between SP, DOW and NAZ during intraday extremes in several trading books. I have clearly seen what the implication was today by observing such divergence. It is like any trading rule that there will be exceptions. It is all matter of probability.

4-15-2010 Total trades: 5 RTS ( 3 RTs on ES and 2 RTs on NQ) Winner: 3 Loser: 2 Net p/l: 0.5 pt The reason I traded NQ was because it's pattern a bit more defined than ES. What I have observed today is YM retested early morning intraday high successfully, while ES and NQ didn't make new...

4-14-2010 Total trades: 3 RTs winner: 3 net p/l: 1.75 pts I was able to trade from 11:15 to 3pm. SPX gapped up, retested yesterday's close and bounced. Once the price went above the open swing high, it has been steadily moving up with a staircase pattern. Today is a typical trend day. The...

4-13-2010 total trades: 2 winner: 1 loser : 1 net p/l: 0.75 pt SPX teste 1189 support successfully ths morning. Today's price action was like last Thursday's trend day after the dip. There were very shallow retrace since the dip. I went short at 11:50 expecting a bearflag breakingdown...

4-12-2010 Total trades: 2RTs winner: 1 loser: 1 net p/l: 1 pts SPX gapped up at open and then traded in a symmetric triangle (same as NQ). I wnet long around 12pm at 1193.5 (stop 1192.75). I got stopped out, but filled at 1193. Re-enter long at 1193.5. Tape reading indicated 1193...

4-9-2010 tota trades: 4RTs winner: 1 loser: 3 net p/l: -1.75pts Today's open range till 11am was a symmetric triangle. Price broke out and retested 1188 high successfully with 3 ticks. It looked weak at 12 after second retest intraday high. I shorted at 1188.25 (stop 1189.25) at 12pm. The...

4-8-2010 Total trades: 3RTs winner: 1 loser:2 net p/l: -0.75 Today is a nice trend day. Yesterday's last 30 minutes price action did give some hint. Today is completely opposite to yesterday. VIX was red, $tick went above 1000 twice. ^TNX was green. These sentimental indicators were...

4-7-2010 total trades: 4 RTs winner: 3 loser: 1 nert p/l: -1.25 pts I've done something drastically different from what I would typically do today for one losing trade which wiped out all gains from winning trades. I went short at 11:57 seeing no vol for price to break the supply line...

4-6-2010 total trades: 2RTs winner: 1 ( 6 ticks of YM) loser: 1 (0.75pt of ES) SPX retested yesterday's high and did a shallow retrace before FOMC. DOW was lagging again. I went long ES at 12pm based on first bounce from 20 bar of 5min EMA. It failed to retest intraday high. I was stopped...

4-5-2010 total trades: 1 RT winner: 1 net p/l: 0.75 I got my desk at 11:20. I went long at 1182.50 (stop 1181.50 1 tick below recent swing low) at 11:42pm after seeing price bounce from 20 bar 5 min EMA. It was also 23.6% retrace from high. The retrace was still less than 2.5 pt which is...

4-1-2010 total trades: 2RTs wiinner: 1 loser: 1 net p/l: 0.5 pt Today NAZ is out of synch with SPX and DOW. DOW is slightly lagging compared to SPX. I went long at 1174.25 (stop 1173.00 on etick below recent swing low) around 12:50pm for potential breakout from the triangle...