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Dummy day trading #24 05-September-2006: E-mini Nasdaq: Short trade closed

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Short position of E-mini Nasdaq was established below 930am (chicago time) candle. It failed to achieve my 1-R gain. Stop loss was triggered with 1-R loss.

Chart was distorted due to trading platform price feed down.

1) Why would you be paying attention to this futures contract ? There was a sell down with good volume during first hour. A long candle was formed.
2) Is the trend up or down? Would you be looking to get long or short this futures contract? Down. Looking at Short position.
3) Where would you get long/short this futures contract ? Below 930am(chicago time) candle
4) Where would you put the initial protective stop? Above 930am (chicago time) candle
5) When would you stop trading for the day? Immediately after position (max 2 per day) established or after 1230noon NY time
6) Where would you exit the position? Time when Stop is triggered.


Two trades closed with no gain, I shall call it a day. Postmortem will be posted tomorrow.

Dummy day trading #23 05-September-2006: mini-sized Dow: Short trade closed

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Well , I do not have a great start for the month. Short position of mini-sized Dow was established below 9:30am (chicago time) candle. 1-R gain was achieved and stop loss was moved to break even point, and it was triggered.

Well, too bad. One trade closed with loss of commission.

1) Why would you be paying attention to this futures contract ? There was a sell down with good volume during first hour. A long candle was formed.
2) Is the trend up or down? Would you be looking to get long or short this futures contract? Down. Looking at Short position.
3) Where would you get long/short this futures contract ? Below 930am(chicago time) candle
4) Where would you put the initial protective stop? Above 930am (chicago time) candle
5) When would you stop trading for the day? Immediately after position (max 2 per day) established or after 1230noon NY time
6) Where would you exit the position? Time when Stop is triggered.


Today, I experienced trading platform data feed down. Basically,price feeds were frozen after all my stop orders were entered (Thanks God). Chart was distorted due to this, I have decided not to post chart for today’s trade. Another good experience. Anything can happen.

Revenge for Steve Irwin ?!?

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While waiting for my setup to form, I thought of writing something for my blog.

We are all saddened by the death of Steve Irwin, the crocodile hunter. How about this, I know a great place in Singapore selling excellent spicy stingray. Let’s go for a feast to…revenge!

Here is the place. Trust me, spicy stingray (we call it sambal stingray) is delicious.

[photopress:makansutra.jpg,full,centered]

Makansutra Gluttons Bay?

Welcome to September

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Wake up! Summer is over , it is time to start trading again!

I was giving myself a break for the past few days. I refrained myself from reading any chart or trading related material. And I totally forgot about trading. My mind was freed from the stupid buy and sell thingy.

It’s time to trade again. I think now I am dumb enough to do dummy trading. So, I know I will do better this month.

Weekly Economic Calendar: 05-September to 08-September-2006

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Summer is over. Most likely we are seeing some changes in term of volume and volatility. Well, I certainly hope so!

Here is the economic calendar for the coming week.

Weekly Economic Calendar

Date ET Release For Consensus Prior

Sep 06

08:30

Productivity-Rev.

Q2

1.6%

1.1%

Sep 06

10:00

ISM Services

Aug

55.0

54.8

Sep 06

10:30

Crude Inventories

09/01

NA

2481K

Sep 06

14:00

Fed’s Beige Book

.

.

.

Sep 07

08:30

Initial Claims

09/02

NA

316K

Sep 07

10:00

Wholesale Inventories

Jul

0.7%

0.8%

Sep 08

15:00

Consumer Credit

Jul

$7.0B

$10.3B

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