5 min YM - 2 trades/+20 ticks




Baby update: Little guy was holding his own, drinking a reduced amount of diluted formula yesterday. Wife told me he threw up again a little at 1 am (I've been sleeping on the sofa again). However, he seems nearly normal today. Back to his cheery self, crawling all about. Still on reduced formula. No solids yet. He did have a little diarrhea this morning (with corn). I knew I shouldn't have given him creamed corn a couple nights back.

Weather update: Man, we've been having some crazy ass rain. I half-expected to see Noah's Ark go by on the streeet. Did you see that side of the mountain lop off and slide into a dozen houses? God, how horrific. That was a soil tsunami. We finally have a break in the rain today. I think we're supposed to be dry for a few days at least. I'm definitely taking the family out somewhere for fresh air today after writing this. We've been stir crazy in here and each taken turns getting sick. Gimme that sun!

Market update: Not terribly exciting again. After everyone talking about what a terrific opening week it was to trade and maybe, maybe, maybe happy days are here again for awhile, it's been rather crappy lately. Actually, it got crappy when I finally crawled out of my sickbed. Coincidence? Or is it my fault?

Taking signals on the 5 min YM (keeping it simple to start the year, one contract, 10 tick targets and 10 tick stops), I took two trades today. Both winners. First feasible move was a VT long at 10:10, but not enuf rounding in my estimation. That would've been a winner. What followed was a 1 1/2 hour flat zone. A couple possible ZLR longs developed but we were slimjimming and the 34 ema was sloping red. As long as that was the case, I was waiting for a short.

12:05 - ghost/shamu short. Candle was kissing off the 34 and it was a good risk/reward to try a short. I believe they call this a "Famir Shamu" or just plain "Famir" now. Anyway, it eventually went down 30 points. I got my 10.

12:45 - ZLR short. I was out of the previous trade. Dunno where I was, but I wasn't watching the chart at that moment and only saw this after the fact. Nice winner. Could've been considered a continuation of the Famir.

13:20 - VT long. CT move on a vegas pattern that stretched a long time. Plenty of rounding and plenty of time to anticipate it, especially if you were sitting on your hands and missing the biggest chunk of the downmove. LSMA was green so I bought at the break of the mid-FibCCI line (which should coincide with CCI crossing the ZL). Only problem was it was under the down sloping 34 ema. Barely missed my target as it banged off the 34. Then I took a little heat, and had to wait nearly 30 mins before my target finally hit. Only thing keeping me in was the green 34 ema on the 1 min was never broken (though it was bending a lot). That was a little hairy. I keep remembering what Woodie says: "the CCI is a momentum indicator, so I expect the trade to go my way fairly fast." I don't do anything it, but I keep remembering it. Certainly does seem, hanging around and overstaying your welcome when your initial move doesn't materialize is a recipe for disaster.

My wife used the hair dryer that triggered the circuit breaker. My computer went down. That's the 3rd time in a week the circuit breaker's flipped in my office. I don't know what's causing it. Other two times, I had a portable heater next to me, so I unplugged that. Maybe this shit weather is overloading everythinga. Ah daaaaaaaaaaamn, now something is wrong with my A key. Hate this keyboard.