No trade: 14-September-2006

Nothing interesting. No trade was made.
I will not trade on Friday as well. Gotta pack up my luggage and do some planning for my Taiwan trip. ‘Naruwan Taiwan’.

I choose the right time to visitTaiwan.
1. Political instability, people are protesting on the street.
2. Typhoon ‘ShanShan’ approaches Taiwan
3. Earth Quake at Yilan city (Well, this is fine, I can avoid this area)
4. What else?!?!

Looking at the weather forecast, it is going to rain everywhere. Darn, I need some sunlight to bring me hope.

Btw, I have been spending sometime reading blogs these two days. And I revisted Trader-x’s blog. I visited before, but I found the layout was kinda messy, so I did not pay much attention to it. Darn, I guess you know, it is an excellent blog from the X-men! I read again his trades and it really enlightens me. If you have not visited his blog, then go and check it out now.

I know there are some debates of R going on. I am not going to join. I found it useful for my trading, so I use it. If you do not, then leave it.

powered by performancing firefox

Dummy day trading #26 13-September-2006: E-mini Nasdaq: Long trade closed

Right after oil inventory report was released, my buy stop for E-mini Nasdaq was triggered. The trade did not go in my favour. Stop loss was triggered with 1-R loss. Well, too bad.

It seems to be a consolidation day after yesterday’s gain. But, who knows. Anyway, I will stop trading for the day.

[photopress:emini_nasdaq_30min_trade_closed.jpg,full,centered]
  1. Why would you be paying attention to this futures contract ? Strong opening with volume. In addition, S&P volume analysis shows volatile day ahead.
  2. Is the trend up or down? Would you be looking to get long or short this futures contract? Up. Looking at Long.
  3. Where would you get long/short this futures contract ? Above 9am (Chicago time) candle (inside bar), which was after oil inventory report.
  4. Where would you put the initial protective stop? Below 9am? (Chicago time) candle. with risk 1.18%
  5. When would you stop trading for the day? After position established.
  6. Where would you exit the position? Stop loss triggered

No trade: 11-September-2006

It was another boring day. No dummy setup for me before 12 NY time. E-mini S&P started with strong volume. It was expected to be a volatile and maybe, trending day. E-mini Nasdaq, E-mini S&P as well as mini-sized Dow took a dip during the opening and reversed up in the afternoon.

Though no dummy trade was done, I recalled my CBL (Count back line) trading method. I used CBL entry to trade reversal pattern in SIMSCI futures (MSCI Singapore Free index). Some examples, here and here. I am now again interested to evaluate this method to trade E-minis and Dow.
I was so excited to start trading on my Tradestation. But I am not excited to lose money. No trade for the first day of the week and first day of my tradestation journal.

Dummy day trading #24 05-September-2006: E-mini Nasdaq: Short trade closed

Short position of E-mini Nasdaq was established below 930am (chicago time) candle. It failed to achieve my 1-R gain. Stop loss was triggered with 1-R loss.

Chart was distorted due to trading platform price feed down.

1) Why would you be paying attention to this futures contract ? There was a sell down with good volume during first hour. A long candle was formed.
2) Is the trend up or down? Would you be looking to get long or short this futures contract? Down. Looking at Short position.
3) Where would you get long/short this futures contract ? Below 930am(chicago time) candle
4) Where would you put the initial protective stop? Above 930am (chicago time) candle
5) When would you stop trading for the day? Immediately after position (max 2 per day) established or after 1230noon NY time
6) Where would you exit the position? Time when Stop is triggered.


Two trades closed with no gain, I shall call it a day. Postmortem will be posted tomorrow.

No trade : 30-August-2006

I did not trade today. Basically, I did not see anything interesting that can fit into my trading journal Q & A.

I will be away from home tomorrow to settle some personal stuffs, I guess I will end the week early and start trading after U.S Labor day.

Dummy day trading #21 24-August-2006: mini-sized Dow: Short trade closed

This is a slow trade. Short position of mini-sized Dow was established below 10am (chicago time) candle. Due physical tiredness, I decided to close the trade with small gain.

Time to catch some sleep. Postmortem will be posted tomorrow. At least, I stopped the bleeding week.

[photopress:mini_dow_30_min_trade_close_1.JPG,full,centered]