TraderGav.com

Gav's trading blog - Perseverance, Consistency, Confidence

Gav

Google docs gets better – Now with charts

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docsslogo.gifI use to draft my trading strategies and keep my trading journals with Google docs and spreadsheet service. It just gets better. Now Google spreadsheet finally integrates charting service. I can plot my performance charts online. Though charting functions are still limited, it is good enough for keeping trading journal.

the company rolled out a new version of Spreadsheets today with charting and a few other worthwhile features. The free Web-based app is still more of a Spreadsheet Jr. than a full-bodied Excel rival, but it’s becoming more and more plausible as a real productivity tool, especially if collaboration is involved… full article here.

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Anyways, make sure you always keep an offline copy of your online documents.

Life is boring, human behaviours are amazing

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People are just too exciting to see GBP/USD crossed 2.0 level. OMG. This is how they celebrate. LOL, just kidding. But this news is ….errr..ridiculous

Woman accused of spraying cop with breast milk

An 18-year-old woman is to appear at Richmond Magistrates’ Court accused of assaulting a police officer with breast milk.

Felicha Marin, of Palmerston Road, in Acton, was charged with shoplifting and assault after being arrested on March 29.

It is alleged she was detained for trying to steal shoes from Lizard, in Hill Street, Richmond. After being arrested for theft she sprayed an officer with milk from her right breast.

Source from Edgware Times

Kinda frustrated…..

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I bagged some 60 pips profit from short EUR/JPY, and watching Short GBP/JPY reached 96 pips profit (target was 100 pips). I ended, losing 20 pips in GBP/JPY short position, and went long. And …I got stopped out by the wild 20 pips spread ! This is a shitty situation. I am fine with the vanished 96 pips paper profit, since I was targeting 100 pips, but, I just can’t accept my long position got killed by the spread.

Well, that’s the fact that I have to accept since I am trading with bucket shop.

On the bright side, GBPUSD hit 2.0, and I am holding long position. Let’s see if I can end the day with some good pips.

Dummy day trading #67,#68,#69 NQ Long trades closed

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I have made 3 long trades on NQ futures today, one during opening, 2 trades around noon time. Tough all trades were profitable with very small trades, I don’t feel I was making good trade. I failed to hold on winner which would definitely give me bigger profit.

End the day with +2.23 R gain.

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TradeStation Newsletter

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Interesting, TradeStation starts sending newsletter “ TradeStation’s Trader Digest & Weekly Newsletter” to customers. The first edition, they tried to explain/emphasize their ‘superior’ Data network.

Myth:
TradeStation’s market data lags the market.

Fact:
With all the users we have researched that have reported this issue, we have found that, in every case, the user’s computer has been unable to receive the amount of data the user needs at the rate at which the user needs it. The computer deficiency has been caused by any number of factors including computer hardware, configuration, internet/network connections or software that is loaded. As a result, this gives the user the perception that TradeStation’s data is slow.

Well, I don’t have too many complaints about TradeStation, though I do meet some hiccups once in a while, like frozen chart, hanging platform etc. I always feel amused when reading this kinda self-promoting newsletter. Maybe, they should work harder and build the reputation. Compliment from a real user worths more than 1000 issues of self-promoting newsletters.

Anyway, for day trading futures, TradeStation still provides me a good trading platform and a cost efficient package (competitive commission, lower data fee, free software when you meet trading quota , i.e 10 round turns futures trade). But, do learn some tricks from experienced users (like clearing the software cache frequently).

FX Week #2 result review

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I thought I might be able to post a nice weekly result this week, since I have some pretty good trades on Tuesday and Wednesday.
However, it all happen in one day, the bloody Friday the 13th, where all my gains were whipped out and brought down my account to negative territory. Friday’s trading was the worst. I got stopped out 5 times, though each time I reduced position size according to risk plan, I decided to call it a day when I saw my account swings to more than -6% for the week. I’d better rest and get ready for the new trading week.

Here is the equity chart of my account.

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I managed to produce a gain of 7.94% in the mid-week, and I have just lost it away. The indecisive movements of GBP/JPY on Friday was the murderer. Another important note to this week’s result, I started playing with position sizing adjustment on Wednesday, which means prior to that I was trading with fixed size, where the losses caused bigger damage.

Remember, the real man trades Futures, his son trades Forex, I am trading both, for my wife. LOL.