TraderGav.com

Gav's trading blog - Perseverance, Consistency, Confidence

Dummy Collection

Dummy day trading #12 15-August-2006:Dow Mini:Long trade closed

by Leave a Comment

Long position of Dow Mini was established above the 9:00am (chicago time)reversal down candle. I decided to closed the trade at break even point as I do not like to see a doji immediately after the initial entry candle.
Secondly, given the consideration of Core CPI report which is due tomorrow, it might limit the upside of today’s rally.

One trade closed with 0-R gain. I think my broker will be the only person who is pleased with this kinda performance.

[photopress:30_min_dow_mini_trade_closed.JPG,full,pp_image]

Dummy day trading #11 15-August-2006:E-mini S&P:Long trade closed

by 3 Comments

First trade of the day was a loss, and I was a loser. However, I deserved the loss. It was the result of lack of discipline to follow my trading rules, that is never enter a trade during the first hour of stocks market opening. I was eager to enter Long trade of E-mini S&P given S&P futures/Dow/Nasdaq are having good gain after Core PPI number released.

One trade closed with 1-R loss. Though the R is very small for this trade, the result shows a serious discipline and trading mentality problem.

[photopress:30_min_Emini_SP_trade_closed.JPG,full,pp_image]

Dummy day trading #9 11-August-2006:E-Mini Nasdaq: Short trade closed

by Leave a Comment

That was too much work for small profit. Short position of E-Mini Nasdaq was established below 930am reversal up bar. Stop was moved twice and it was triggered with 1-R gain. Volume seems to be drying up. Nasdaq moved slowly.

I decided to give up Dow Mini trade as it was approaching 50-day moving average in daily chart. I was wrong and missing out some profit.

Here is 30-min chart of E-mini Nasdaq futures.
[photopress:mini_nasdaq_30_min_trade_close.JPG,full,pp_image]

Dummy day trading #7 09-August-2006: E-mini Nasdaq: Long trade closed

by 4 Comments

I was not prepared to get into Long position of Nasdaq or Dow today, given oil was having some crazy run. However, set up for E-mini Nasdaq Long trade was so nice that I just couldn’t resist. Long position of E-mini Nasdaq was established above 930am (chicago time) candle. Trailing stop was moved twice, and position was eventually closed with 2-R gain. Again, I do not know if this trailing strategy is efficient enough, I am still working on it. Anyway, I can’t complain much with this kind of profit with 1 hour work.

There was a chance for Gold trade, however, the set up was not my favourite pattern, no trade was made.

Here is 30-min chart of E-mini Nasdaq Futures.

09 August 2006
09 August 2006

Dummy day trading #5 04-August-2006: Mini Dow:Long trade closed

by Leave a Comment

This is a losing trade. After Non Farm payroll report was out, Mini Dow Futures had a nice gap up. Long position was established above next inside bar @ 8:00am chicago time. Initial stop was triggered with 1~R loss.

[photopress:Mini_dow_30_min_full_day_1.JPG,full,pp_image]

The most interesting part of today’s trading is the experience of eCBOT exchange data down.
Here is the notice from eCBOT.

‘CBOT Update Regarding System Issue from Aug 4, 2006
On Friday, August 4, 2006, at 9:30 a.m. Chicago time, the e-cbot trading host moved all products to a closed state due to a software issue. At that time, all day orders in the system were automatically canceled. During the closed state, open auction products remained open. e-cbot markets reopened at 12:00 p.m. Chicago time. For more information please view the e-cbot bulletin 08.04.06’

On the other hand, I was a little lucky since my stop loss order was trriggered earlier as planned. Mini Dow futures reopen with a BIG gap which would be a multiple R loss.

Mini Dow & E-mini Nasdaq charts ended 03-August-2006

by Leave a Comment

Here are 30-min charts of Mini Dow and E-mini Nasdaq Futures after market closed. It was a repeat of Wednesday session. Long opportunities were found in both futures. I guess, I might need to consider getting an additional monitor or workstation to view more charts at the same time. It is a little bit tedious to day trade few futures at the same time using a laptop.

Anyway, you can’t win them all.

E-mini Nasdaq

[photopress:Mini_nasdaq_30_min_full_day.JPG,full,pp_image]

Mini Dow Futures

[photopress:Mini_dow_30_min_full_day.JPG,full,pp_image]