This is the business we have chosen ~ The GodFather, the movie It was a lousy day of bulls for stocks indices. I did not have any set up to trade. Dow,Nasdaq and S&P were showing the same pattern. To be frank, I was tempted to enter Long position and I was a bit frustrated […]
Trading Journal
Dummy day trading #10 14-August-2006:Mini Gold: Short trade closed
That was not so nice to start the week with a loss. Short position of GOLD was established below 8:00am (chicago time) reversal up bar. And I was stopped out by the very next candle. Nothing much to write about this trade. The possible mistake might be, the reversal up bar was in fact closed […]
Weekly Economic Calendar :14-August-2006 to 18-August-2006
We have quite a number of reports coming this week. Here is a quick snapshot of economic calendar for the coming week. Weekly Economic Calendar Date ET Release For Consensus Prior Aug 15 08:30 Core PPI Jul 0.2% 0.2% Aug 15 08:30 NY Empire State Index Aug 15.0 15.6 Aug 15 08:30 PPI Jul 0.3% […]
Am I giving up SIMSCI trades?
I have received few emails from readers of my old blog asking about if I have given up trading SIMSCI (MSCI Singapore Free Index) futures. Here is an email from Alvin (btw, Alvin, my reply was bounced, since your email address was invalid) came across yr interesting blog on SIMSCI trades a while back and […]
August 2006: Week 2 review
The week started slow and flat and ended with positive note. Second week of August 2006, I closed the week with 3.62-R. We had Fed meeting on tuesday, I did not make any index futures trading before Fed meeting. I switched to Gold futures trading, with break even result, 0-R. DJ and Nasdaq had clearer […]
Dummy day trading #9 11-August-2006:E-Mini Nasdaq: Short trade closed
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 […]
