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Gav's trading blog - Perseverance, Consistency, Confidence

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Readings: Basic Options

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It was a strong morning. And, NQ was running without me. Staying flat for 3 days in a row. uhm… I saw a trend coming, however, I just couldn’t find my entry setup. Well, forget it. There are opportunities in the market day in and day out, but they are invisible to me now as I have not learned to recognize them. It takes a pretty long time and effort to build recognition plan and skills.

I received emails asking for information about futures trading. I have yet [Read more…] about Readings: Basic Options

Gav’s Morning Coffee 24-Jan-2007

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We have positive buying of NQ futures in premarket. We are likely to have a gap up. From daily chart of Nasdaq composite, I am staying neutral, not bearish though. From 60-minute chart of NQ, we are still in downtrend, however, bears seems to be weaker. I see Adjusted TRIN starts ticking up. We are still at support level 1783.25 area.

  • Previous high: 1803.25
  • Previous Low: 1783.25

[photopress:NQ60minfullday.jpg,thumb,alignleft]

Still no trade: Testing Patience

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I continued staying away from NQ today. I did not find any good setup before lunch hour. There was no clear strength shown from bulls and bears. NQ indeed made a reversed in the mid day.

[photopress:NQ5minfulldaynotrade23Jan2007.jpg,thumb,alignleft]

Now, I am kinda sitting for another test. Patience. This is another thing I have learnt from my experience. I am still very keen in learning Options trading. [Read more…] about Still no trade: Testing Patience

Gav’s Morning Coffee 23-Jan-2007

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I am looking at NQ. We have some selling in the premarket. From daily chart of Nasdaq, I am interested in watching if we can stay above trend line. From 60 min chart of NQ, we are still in downtrend with Adjusted TRIN stays negative and from buyer/seller indicator, sellers are still dominating.

Previous High: 1813

Previous Low: 1783.25

Slightly negative view, but I doubt bears are strong enough. Let’s see.

[photopress:dailychartcashmarket.jpg,thumb,alignleft][photopress:NQ60minafterclose.jpg,thumb,alignleft]

Tradergav.com on WordPress 2.1

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I have just completed upgrading to WordPress 2.1. It seems to be a better content management system. Most of my plugins are working fine after the upgrade. But not my image management plugin Photopress (which allowed me to upload and manage images easily)

If you’re running WordPress2.1 and using some cool image management plugin. Please shoot me a comment.

Overall, WordPress 2.1. Cool 🙂

No trade 22-Jan-2007

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That was a boring day for NQ trading. Though it did break the support level that I was looking at, I have no valid entry setup after that. I called it a day around lunch hour. No trade. Here is the full picture after closing bell.
[photopress:NQfulldaynotrade.jpg,thumb,pp_image]
I do not intend to start another strategy for Futures trading now, instead I will stay with my current style of trading , be patient to wait for opportunity and complete my 100 dummy trades. As a supplement to my trading, I am starting my stocks options trading studies. Basically I know nothing about Options. So I will start seaching for reading articles, books and trading strategies. As usual, all educational materials will be posted here.