Just thought I would write a quick post here. Although I have moved to TRADERGAV.com few years ago, I am keeping this blog alive.
The recent change of hosting server has caused some problems , such as loss of images etc of the old blog posts, particularly, the SIMSCI trading journal.
So, if you are looking for my old SIMSCI journal, this old blog is the best place to be. And for your convenience, the address is simsci.tradergav.com.
Otherwise, for all my latest trades, blogpost, always find me at tradergav.com.
Monday, August 21, 2006
I am kinda surprised as I still see regular traffic to this blog. Thanks ! Buddies, I have moved to www.tradergav.com I got plenty of updates there. And I have made some transition of my trading strategy lately. And I have also migrated all my SIMSCI trading journal to tradergav.com. See ya there.
Sunday, August 20, 2006
I have moved my better trading blog toWWW.TRADERGAV.COM For readers who subscribed to my feed via email, please do submit your subscription again at www.tradergav.com. subscription box if you would like to continue receiving update from better trading blog. Feed subscription is meant for readers who would like to receive daily update of my trading blog. I do not resale or sending out any marketing/commercial material to subscribers, you can have my words. please do leave a comment to me if you are having problem with feed subscription or viewing the site. See you there.
Sunday, July 30, 2006
Friday, July 28, 2006
Good morning! Bulls made a cheat yesterday on Dow futures. It headed up in the opening, and pressed by bears. I did not make any trade yesterday. A quick one. SIMSCI is moving above intrady moving average. Though I see some weakness in the uptrend, it is not strong enough for me to go Short. TIMSCI is still moving in intraday uptrend as well. I am not considering any SHORT for this morning. By the way, I am looking at August contract for both index futures.
Thursday, July 27, 2006
Alrite, I am being a loser today. In fact, I did not pay much attention to the market. Instead, I was day dreaming, and doing some stupid work out of trading. Long opportunities appeared. Simple and profitable entries, and yet, no trade was taken. Continue doing this, I will be hungry to death someday. Anyway, here is the 15-min chart of MSCI Taiwan index futures.
It was an choppy day for DJ. No trade was done yesterday. SIMSCI and TIMSCI look interesting. Both opened low and starts moving up. Though the regional market sentiment is rather flat at the moment. I will only look at Long side if I were to establish any position for this morning.
Wednesday, July 26, 2006
'Crude futures rise after steeper-than-forecast decline in U.S. gasoline inventories' 'Oil prices rise after gasoline inventory shortfall.'Are these news related to day trading? Well, it might be. At least , I am seeing intraday Dow futures starts to turn down and in fact broken uptrend line. Though I have yet to have complete setup for the day, I tend to look at Short side.
I am looking forward to a 'do-nothing' day again for SG futures market. I am not interested in trading in this condition i.e moderate U.S gain, flat opening in Nikkei and low volume in local futures market. It is difficult to find high-R trade in the market with these conditions.
Tuesday, July 25, 2006
No trade was done for SiMSCi and TimSCi today. It was indeed an boring day, though SiMSCi did have a spike at the last 15 min before market closed. Dow futures was down at the opening, and subsequently spike up. Bulls did not hold the strength, intraday downtrend continues. I am watching for possible short entry for Mini Dow.
Good morning! I am a silly person. I like to think too much and make things complicated. My objective today is to keep thing simple.
Alrite, 3-digit gain of DJ pushed gaps up around Asian markets as expected. I am looking at the tone of regional markets. Pretty positive, Nikkei gains near +300 points and HangSeng is fatter by around +200 points. SIMSCI looks interesting today, while I see TIMSCI having some wild swings. Ok, I am looking for Long opportunity of SIMSCI, though I am still waiting for entry point to completely form.
By the way, I rejected few comments by some readers (named annonymous) due to the language (some chinese dialects) used in the comments. Thanks for reading and do give me some comments, of course, in simple english. :-)
Monday, July 24, 2006
I have made some major changes to my system after studying and reading books and blogs recently. The change was not caused by recent losses, after all, I am still in pretty nice profitable situation. :-) The reason behind this change is the seek of simplicity. Yes, I was in fact confused by my own system, and there is really a urgency to keep things simple. The change is done mostly on entry part of the system. I am basically a trend following person and I will still stick with percent risk model for money management part. Instead of looking at shorter timeframe for day trading, I intend to lengthen the time frame to 30-min chart. Most of my entry rules are inspired by Maoxian. I am basically looking at reversal up/down bar or insider bar for entry opportunity. Nothing much in this posting. Hope the simplicity works.
Short position of MSCI Taiwan index futures (TIMSCI) was established at 259.1. Initial stop loss 259.6 was triggered with 1-R loss. "The wrong way to play it would be to attempt to “pick a bottom,” or fade the market; blindly enter short without waiting for a good spot; getting short without setting a stop, etc. The list of errors goes on and on, but people mainly make those three big mistakes. Traders who know themselves, who have common sense, who are disciplined, and who have the ability to keep it simple will do just fine. Remember that many people in the market are either uneducated or uninformed. And most of the few who are educated and informed waste their time building “scenarios” and end up defeating themselves by trying to outsmart the market." - Maoxian
First hour trading shows a pretty clear picture for SG futures market. Here is the summary. At this point of time, I would only looking at Short opportunity.
SIMSCI only serves as a reference for the time being. I am not trading SIMSCI for the time being until I see improvement of volume and volatility.
|Intraday Trend||MSCI Taiwan Index Futures||MSCI Singapore Index Futures|
|Longer term|| |
|Medium term|| |
|Short term|| |
|Recent High|| |
|Recent Low|| |
|Trading direction|| |
Saturday, July 22, 2006
Mini dow was having a negative opening, and subsequently moving laterally. There was opportunity to established short position, however, with tiny profit. The risk of being stopped out was high. Gold reversed its initial movement after positive opening. Intraday trend turned down. Shorting opportunity apeared.