There was a gap up in 5-min chart of ES (E-mini S&P). Volume is healthy as shown in first 30-min. E-mini Nasdaq and E-mini Russell 2000 had gap up in 30-min chart. So far, intrady, market tone is positive. If I were to trade today, I would only consider Long position.
Blog and Rants
Weekly Economic Calendar 18-September-2006 to 22-September-2006
Ok, before I leave to Taiwan, here is the Economic Calendar from 18-September-2006 to 22-September 2006.
Have a profitable week ahead.
[photopress:weekly_eco_calendar.jpg,full,centered]
FireFox 1.5.0.7 shipped
FireFox 1.5.0.7 is finally shipped. Your browser should have been updated automatically.
Here is the what the Foxy guys have been working on. (I got it from the release note)
Fixed in Firefox 1.5.0.7
MFSA 2006-64
Crashes with evidence of memory corruption (rv:1.8.0.7)
MFSA 2006-62
Popup-blocker cross-site scripting (XSS)
MFSA 2006-61
Frame spoofing using document.open()
MFSA 2006-60
RSA Signature Forgery
MFSA 2006-59
Concurrency-related vulnerability
MFSA 2006-58
Auto-Update compromise through DNS and SSL spoofing
MFSA 2006-57
JavaScript Regular Expression Heap Corruption
After all, I am still a IT guy. 🙂
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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.
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Trading: 14-September-2006: Market Opening
E-mini S&P opened low (in fact, from 30-min chart, it was a gap down) and moved high, trying to fill the gap in the first 30 minutes. Volume passed the 6 bars test, a volatile day ahead. I don’t see strong momentum from the opening price action of E-mini Nasdaq, mini-sized Dow, E-mini S&P or E-mini Russell. By the way, today is Thursday of option expiry week.
Most probably, I will spend my time watching rather than trading today.
Postmortem 13-September-2006
Dear diary,
What am I doing here? I am indeed having some bad days recently, both my personal life and trading. Both hit me hard , emotionally. Well, that’s not the point of this post.
I was chopped out by E-mini Nasdaq today. And I missed out the trade of Dow mini. The problem here is not the effectiveness of trading strategy (i.e for me, it is dummy trading), it is the sharpness of a trader that counts. I was not paying enough attention to YM (Dow mini).
Dummyspots.com has some good articles on dummy trading and dummy spots illustration. Go and have a look.
So, do the bad results recently prompt me to stop posting my trades on the blog? Not at all. In fact, I found it useful and I will continue doing that for the time being.
If you are unwilling to fail, sometimes publicly, and even catastrophically, you stand little chance of ever getting rich.
Anyway, this should be a light week, and I will be flying to Taiwan next week for a break.
Success truly is the result of good judment. Good judgment is the result of experience, and experience is often the result of bad judgment!
