Blog and Rants

I guess it might be Richard who builds a dam. The river is not flowing today. What a boring Monday. No trade. I am going to have a early night then.

It’s MONDAY! The market has its own way to operate. It doesn’t care what Michael, John, Richard, J.C or even Gav are thinking. It is like a flowing river, who cares if you are swimming, fishing, bathing or even committing suicide? Everybody get what they want from the river. Get involved with your understanding of […]

Another boring day for dummy trade, I did not find any nice entry. I was trying out scalping strategy and basket order of Tradestation. Well, I was stoppped with $50 dollar loss. 😉 Tapeworm at Taleoftape did pretty well this week. Go check out his blog. And of course, J.C, the scalper’s blog is my […]

I can’t find any nice trend in the morning. And ,I was exhausted, so I called it a day earlier. Some sell down in the afternoon. Flashing back the charts, still can’t find my setup. No trade,but I won some sleep. I have been studying some scalping strategies, hope to start couple of them soon. […]

Prejudice. I always have this problem when I am looking for trade. Today’s action showed my problem again. subconsciously, I was thinking the market “Should’ sell down. The “Should” limited me. I was not flexible to look for other trading opportunity. Because of this ‘Should’, I gave myself a lot of excuses, like ‘ moving […]

After gap down, and downtrending moving averages I was looking at short opportunity. I shorted ES, however, I was stopped out immediately. One trade closed with 1-R loss. Short below the low of 6th bar, which was resisted by 5-EMA. After short position was stopped out, ES formed a channel with higher highs and higher […]