Trend chart of ES turned up within the first hour, at the same time, a dummy long signal was formed. Long position was established above the high of 935am candle. First (minimum target, ~1.7R) was set at yesterday’s high at 1430.50. Both minimum target and Fib extension 100% were achieved. Stop was moved to Fib […]
Trading Journal
Reading: Trading with Candlesticks
As usual, I have done some search work on the net. Here are some nice articles on candlesticks. Candlestick Reversal Bottoms as a Trading Tool Gaps in Japanese Candlestick charts — Technical Analysis Education Trading the Long Red Japanese Candlestick Formation Trading the Long Green Japanese Candlestick Formation Candlesticks and Resistance CBOT – High Probability […]
Trades that got away 12-December-2006
While I am still working on back testing program, I will start forward testing , but this time, I am paper trading. Dummy trading involves certain degree of pattern recognition, this forward testing will improve my skill in this area. ES,trend chart turned down. I was looking for any opportunity to establish short position. Short […]
Readings: Market Profile
I am always curious about Market Profile. After reading some traders are day trading with Market Profile, I decided to do some kinda research on this tool. Here are some articles I have found: Stock Trading with Market Profile Market Profile… NQoos- TradingNaked Market Profile Trading Methods NQoos Market Profile CBOT – Educational Materials Market […]
Examing the MMA, Indicatorian approach
I was thinking if I am going to post this article which I wrote some time back. It makes me sound like a indicatorian (Gavipedia: Indicatorian refers to trader who can’t live without indicator). In fact, I hardly look at indicator. Oh well. This is a season of sharing. I am sharing something that I […]
Work in progress – Dummy 2.0
Maybe you have noticed I am not posting any trade so far. I am not trading this week. After a serious review of my journals, I have realized the weakness of my current trading plan. (Well, basically,strictly speaking, it is not even a plan). I am planning to take the coming 2 to 3 weeks […]
