Blog and Rants

I start doing Pivot calculation everyday, basically, I am just plugging in High/Low/settlement price (from CME and eCBOT website) of the previous session into an spreadsheet. 5-min job. Currently, I am using pivot levels as profit taking level for dummy trade. I have yet to implement pivot play until my tradestation 8 is up and […]

It was a trending day. But, I did not make much money. Was I frustrated? I was. I was trying very hard to jump out from the recent lousy days. Vincent told me a fact that (thru IM) I was not paying enough attention to other indices. I have to admit that. I sticked my […]

I got a wrong trade today. It was darn slow. A waste of time. I decided to close the trade, after staying flat for 2 hours. I defined it as a wrong trade as E-mini S&P and E-mini Nasdaq were moving actively while Dow stalled. I see pivot S2 level at 11420, I decided to […]

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I keep track of my trading system performance with R multiples. I examine expectancy and accuracy of my system. This is a common practice applied by many other traders as well. Something is missing here. When I trade ‘my system’ or ‘my plan’, it should be something that fits my risk appetite, my personality and […]

A short one. I am still confused. After the price feed resumed, I rechecked again, in fact, there was no setup in E-mini Nasdaq. I had a break even trade in Mini-sized Dow .Price feed availability is another risk of trading. Coincidentally, Jason was having similar problem with price feed as well. First trading day […]