I have finished uploading my photos taken in Malaysia.
Again, I am a lousy photographer after all, so you are viewing at your own risk 😉
Trader Gav’s Footstep – Malaysia
Happy Holiday!
Well, Kinda surprised. Manchester United lost 1-0 to Celtic in Champions League this morning. Next meeting with Benfica will be a do-or die match. We gotta beat them to reach knock out stage. Let’s see. Anyway, you know, we are a solid team with excellent players. Go Man U , Go.
Ok , back to business. I sensed something ‘dangerous’ while trading ES (E-mini S&P) on Tuesday, it was reluctant to go anywhere. People are having turkey early. Most likely I am not trading on Wednesday and Friday, but I’ll be watching.
If you have not read J.C (NYSE Scalper’s Tale) yesterday’s post. Go and read it. J.C just wrote about his conversation with the latest Master Trader in his office.
Happy holiday,it is Thanksgiving, though we are not celebrating ThanksGiving in Singapore, a workaholics’ paradise. 🙁
TICK Band trading #02 21-Nov-2006: ES Long trade closed
Pre-market was weak. Nothing was really exciting today. I was looking for opportunity to scalp ES. Another TICK Band setup was formed. After Intraday high was tested twice and failed to be cleared, I was looking for opportunity to get long and targeted at day high.
- Long above high of 7th bar
- Stop set at low of 7th bar
- Target at day high (high of 3rd and 4th bar)
Target hit with +1 ES point (1-R gain). I am looking for another opportunity again.
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My trading library
I’ve been thinking about listing out trading books and magazines on my shelf. I just did not have the time. Here it is. I am not grading the books, instead I am categorizing them according to my understanding and feed back after reading them. Absolutely personal opinions. [Read more…] about My trading library
TICK Band trading #01 20-Nov-2006: ES Long trade closed
I do not label this as a dummy trade. The entry was not really a narrow range bar. Instead I have established a new category called TICK Band. This trade was made based on NYSE TICK behavior.
The strategy is to catch the short term momentum in the market and trade along the direction in ES (E-mini S&P). A strong resistance was found at previous day’s high. It was tested once, and failed to clear it. I was waiting for ES to test it again.
Indeed, higher lows were formed in ES and TICK. The probability of this setup is high according my experience. That was the reason I risked 1-R to gain 0.6R. No secret, just traded with trend lines.
Target hit. First trade closed with +1 point (0.6-R) gain.
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Welcome to new trading week
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Let’s start the week with this. Man United 2- Sheff United 1.Rooney, 3 goals in 4 days. He is back to his best again. Not trading well recently? Keep your head up, focus, focus and focus..
Go read about how Manchester United came back from behind and slaughter Sheff United.
And, secondly, read Chasing success, again from Trader-x.
