Blog and Rants

Long position of E-mini Nasdaq was established above 10am chicago time candle. It broke out flag pattern and dummy setup was found. BUT,I was stopped out immediately at next candle. One trade closed with 1-R (ok, 1 Z ) loss. [photopress:Nasdaq_15min_trade_close.jpg,full,pp_image]  Why would you be paying attention to this futures contract ? I see continuation […]

A little bit late to my desk. We have pretty positive opening. In fact, I have a dummy setup in 15-min chart of E-mini Nasdaq, however as one of my rules is not to trade during the first 30 minutes, so.. So far, I am only looking at Long opportunity. Just hope the market does […]

Chairman Maoxian wrote some very good comment on shorting. You can find it here Keeping an Eagle Eye on the Broad Tape and the Importance of the Scratch

I have done some postings of my Taiwan trip on my other blog. Check it out, if you are interested. Trader Gav’s Footsteps <a xhref=”http://www.myphotoalbum.com” mce_href=”http://www.myphotoalbum.com” >MyPhotoAlbum free photo and video sharing</a>

Dear diary, Well, the market was making fun of me. Gapped up, went down, flat then up big. Ok, I was wrong this time.

We have gap up in 15-min charts of E-mini Nasdaq, E-mini S&P and mini-sized Dow. However, all gaps are filled and indices are indeed moving downward after first 30-min of cash market trading. I am not comfortable to get in any long position, instead, I am looking for possible short opportunity.