EUR/USD, AUD/JPY, EUR/JPY, AUD/USD, USD/JPY
Charts (Hr) of Pairs Traded
Pairs That I'm Watching Today:
Friday, November 14, 2008
FX Trades 11/14
Entered Long:
EUR/USD, AUD/JPY, EUR/JPY, AUD/USD, USD/JPY
Charts (Hr) of Pairs Traded
Pairs That I'm Watching Today:
EUR/USD, AUD/JPY, EUR/JPY, AUD/USD, USD/JPY
Charts (Hr) of Pairs Traded
Pairs That I'm Watching Today:
Thursday, November 13, 2008
TF & FX Trades 11/13
2(1.8) + 1.3
Done.
All these nose dives are starting to make me sick.
Tapereading works (for me) in a market where few actually know why they are buying/selling.
All these nose dives are starting to make me sick.
Tapereading works (for me) in a market where few actually know why they are buying/selling.
FX Trades 11/13
Closed positions (all 3 pairs failed to break out of consolidation):
AUD/JPY - Bot 61.343 Closed 61.555 (21)
CAD/JPY - Bot 77.43 Closed 77.87 (93)
GBP/JPY - Bot 143.64 Closed 143.578 (44)
Total: 158 pips
AUD/JPY and CAD/JPY are now attempting a break above resistance. Waiting to see how they close.
GBP/JPY is still going nowhere.
AUD/JPY - Bot 61.343 Closed 61.555 (21)
CAD/JPY - Bot 77.43 Closed 77.87 (93)
GBP/JPY - Bot 143.64 Closed 143.578 (44)
Total: 158 pips
AUD/JPY and CAD/JPY are now attempting a break above resistance. Waiting to see how they close.
GBP/JPY is still going nowhere.
A Man That Makes Me Laugh
I can't help it - this is going on my blogroll.
This is the first blogger that really makes me laugh! Non-stop!!
SeaBloke,
look past the bras, the boobs and words like "masturbate" (even these are funny - this guy doesn't give you a reason to dislike him :-)), and you'll appreciate his wit, his wicked sense of humor.
Come to think of it, YOU are more wicked than him! LOL!!
This is the first blogger that really makes me laugh! Non-stop!!
SeaBloke,
look past the bras, the boobs and words like "masturbate" (even these are funny - this guy doesn't give you a reason to dislike him :-)), and you'll appreciate his wit, his wicked sense of humor.
Come to think of it, YOU are more wicked than him! LOL!!
So Much To Learn, So Little Time!!!
My brain is about to explode.
I am now:
3 Trades (Long) : CAD/JPY, AUD/JPY, GBP/JPY
TF Hourly
I am now:
- Monitoring my FX trades (went long after the long bearish candle right below the BB Centreline; entry price represented by pink dotted line)
3 Trades (Long) : CAD/JPY, AUD/JPY, GBP/JPY
Reason for entering long: JPY looks way overbought and pairs have bounced off their lows in years.
All the above hourly charts show a HAMMER from 14 hours ago before price extended downwards.
BB seemed to be squeezing price from BB -2 into the area between BB -2 and BB Centreline, as price bounced off its low with strong bullish candle and is now consolidating above what seems like a support provided by the hammer (for all 3 charts).
Pairs did a 38.2% correction and I entered after the retracement...
Perhaps a little too early...
If subsequent candles don't pierce through BB Centreline and fall below green solid line, I'm bailing.
Plan is to enter again on confirmation that there's support by BB Centreline.
Post-Trade Review (For Nov 12's Trades):
Entered SHORT on all the above 3 pairs (2k units each) yesterday (Nov 12) and made $90...not impressive, but shows the BB method works
Grey dotted line on charts shows my entry point and grey solid line shows where I covered.
It's clear that it was stupid of me to exit at precisely the point that support was breached and the pairs were diving towards their lows.
I had to close my trades coz I needed to focus on TF when the US market opened, and mainly coz I knew I was pushing my luck with the pairs (very near their 5-10-year low)
Most importantly, I haven't really worked out an exit strategy, and the best exit for me then was to simply grab whatever's on the table.
Stupid! Stupid! STUPID!!!
All the above hourly charts show a HAMMER from 14 hours ago before price extended downwards.
BB seemed to be squeezing price from BB -2 into the area between BB -2 and BB Centreline, as price bounced off its low with strong bullish candle and is now consolidating above what seems like a support provided by the hammer (for all 3 charts).
Pairs did a 38.2% correction and I entered after the retracement...
Perhaps a little too early...
If subsequent candles don't pierce through BB Centreline and fall below green solid line, I'm bailing.
Plan is to enter again on confirmation that there's support by BB Centreline.
Post-Trade Review (For Nov 12's Trades):
Entered SHORT on all the above 3 pairs (2k units each) yesterday (Nov 12) and made $90...not impressive, but shows the BB method works
Grey dotted line on charts shows my entry point and grey solid line shows where I covered.
It's clear that it was stupid of me to exit at precisely the point that support was breached and the pairs were diving towards their lows.
I had to close my trades coz I needed to focus on TF when the US market opened, and mainly coz I knew I was pushing my luck with the pairs (very near their 5-10-year low)
Most importantly, I haven't really worked out an exit strategy, and the best exit for me then was to simply grab whatever's on the table.
Stupid! Stupid! STUPID!!!
- Going through my analysis on the various FX pairs to see if I've missed out anything
- Studying the movement of TF in the past 20 days, and figuring out what it's likely to do today.
If my FX is making money, it should help a little ie. if yen is going down, I'll be more comfortable taking the bull's side.
I'm not expecting TF to bounce off its low with vigor, but I'll be cautious with my short entries should TF show any sign that it's not going to plunge right through support (its low at 438.5).
I'm not expecting TF to bounce off its low with vigor, but I'll be cautious with my short entries should TF show any sign that it's not going to plunge right through support (its low at 438.5).
TF Hourly
- Going through my TF trades from yesterday to figure out why and how I made all those stupid mistakes
- Studying a tapereading book called "No BS Daytrading"
- Tapereading 10-year Treasury and struggling to identify setups that show big players at work to move the market
- Keeping a very close watch on Alberto, who's licking his skin off the place where the clinic gave him his drip.
Can't bear bandaging him again after causing his paw to swell to twice its normal size after I decided to tie it really tightly to prevent him from licking it off.
My heart bleed when I saw him approaching me with a limp yesterday.
Took me half a day to massage him before he could walk again.
I'M SO SO SO SO SO SO SO SORRY, AL!
My heart bleed when I saw him approaching me with a limp yesterday.
Took me half a day to massage him before he could walk again.
I'M SO SO SO SO SO SO SO SORRY, AL!
- Drafting reply to Moyo's comment and question regarding my posting on "All Is Not Lost Yet"
Moyo, thousand apologies for late response.
I want to say something smart, so give me a little time please?
And my apologies for not having been able to call you.
Life's been crazy!!
I want to say something smart, so give me a little time please?
And my apologies for not having been able to call you.
Life's been crazy!!
- Deciding what to order from Pizza Hut for lunch (looks more like for dinner now)
Wednesday, November 12, 2008
To: The Lonely Trader
TLT,
You would know what this is about: http://fxjules.blogspot.com/2008/11/ta-1111.html
You would know what this is about: http://fxjules.blogspot.com/2008/11/ta-1111.html
The BB method is perfect for daytrading futures too! Thanks for sharing!
I used it to trade TF last night, and although it was trading in a pathetic 8-point range before 2am, I scraped over $100 testing the method. Was conservative and hesitant at first. In retrospect, TF was nothing like before (when it was called ER2). It crawled like a snail, and has lost its insanity. I'd rather it lose its mind and move like a maniac. But it's a market where no one's betting big and aggressive. And probably very little scared money is playing.
In any case, I ran a few times for nothing, and realized it was stupid. I lost 200 at first, but ended up 100 up by applying the BB method. And I stopped playing by 1o:30, but continued to watch the market til 2am, and the method worked reliably enough.
Will share more if I continue to use it. These days, I can't seem to settle on a specific way to trade.
I would like to think I'm being adaptive.
:-)
I used it to trade TF last night, and although it was trading in a pathetic 8-point range before 2am, I scraped over $100 testing the method. Was conservative and hesitant at first. In retrospect, TF was nothing like before (when it was called ER2). It crawled like a snail, and has lost its insanity. I'd rather it lose its mind and move like a maniac. But it's a market where no one's betting big and aggressive. And probably very little scared money is playing.
In any case, I ran a few times for nothing, and realized it was stupid. I lost 200 at first, but ended up 100 up by applying the BB method. And I stopped playing by 1o:30, but continued to watch the market til 2am, and the method worked reliably enough.
Will share more if I continue to use it. These days, I can't seem to settle on a specific way to trade.
I would like to think I'm being adaptive.
:-)
All Is Not Lost Yet
During a time when the wisest and most experienced traders are calling for 5000 for DOW, I feel compelled to present a different view - one that I used to think has very little bearing on my daily trading activities, and hence not worth documenting.
You see, despite my primarily bearish SHORT-TERM view of the market, I've always belonged in the camp that believes that Rome didn't actually fall. I think it simply morphed into a different society.
I'm not going to tell a grandfather story on how and why Rome was perceived to have fallen, there are many free resources out there that detailed that, and one needs to just google "how/why did Rome fall" to find heaps of write up on it.
What I want to do really is to look at some charts - our bread and butter - and then document my own observations about them, draw my own conclusions, and finally, to find some reasons to support my belief that life's going to go on...for now at least.
You see, despite my primarily bearish SHORT-TERM view of the market, I've always belonged in the camp that believes that Rome didn't actually fall. I think it simply morphed into a different society.
I'm not going to tell a grandfather story on how and why Rome was perceived to have fallen, there are many free resources out there that detailed that, and one needs to just google "how/why did Rome fall" to find heaps of write up on it.
What I want to do really is to look at some charts - our bread and butter - and then document my own observations about them, draw my own conclusions, and finally, to find some reasons to support my belief that life's going to go on...for now at least.
DOW Monthly
How I look at this is that DOW has retraced over 38.2% since 1900.
No big deal.
It retraced by that much before, in the late 1980s. And few made a fuss over its parabolic rise in the decade following that correction.
Fundamentally, what's unfolded in the states is nothing new. It's happened many times throughout the history of mankind, and I'm sure that during those times, people actually believed that the events unfolding before them were unprecedented. The only unprecedented event that I know about, and will kick a big fuss over, is the one that involves Eve taking a bite of the forbidden fruit. If not for her, I won't be eating today just to live. *&$#*$**$^@
No big deal.
It retraced by that much before, in the late 1980s. And few made a fuss over its parabolic rise in the decade following that correction.
Fundamentally, what's unfolded in the states is nothing new. It's happened many times throughout the history of mankind, and I'm sure that during those times, people actually believed that the events unfolding before them were unprecedented. The only unprecedented event that I know about, and will kick a big fuss over, is the one that involves Eve taking a bite of the forbidden fruit. If not for her, I won't be eating today just to live. *&$#*$**$^@
SPX Monthly
Almost a twin to DOW, except for the double-top.
But we've seen double tops and mountains before.
And what happened after that?
S&P 500 shot through the roof.
But we've seen double tops and mountains before.
And what happened after that?
S&P 500 shot through the roof.
RUT Monthly
This is an interesting one.
What we see in the area shaded green - take a close look, then look at the whole period spanning 1991 - 2008. Pay attention to the fib levels in the various colors and you'll notice that each of those retracements was 50%. Look at the lines 367.586 and 493.2621 and see what happened there.
If anything, I'd think that RUT is really boring and predictable.
What we see in the area shaded green - take a close look, then look at the whole period spanning 1991 - 2008. Pay attention to the fib levels in the various colors and you'll notice that each of those retracements was 50%. Look at the lines 367.586 and 493.2621 and see what happened there.
If anything, I'd think that RUT is really boring and predictable.
NDX Monthly
Consolation?
The Nasdaq 100 is clearly still on an uptrend, despite the dot com catastrophe.
Well, ok, it was saved by a bigger evil, and it seems we're going to have to pay for it now.
But I doubt we will.
Human beings is such an adaptable species that even something like an ice age will still leave a few standing - enough to breed a whole new pack of wolves that will continue to rule earth.
On a more serious note, we aren't really doing as bad as most thought, and we definitely are not living in the worst of times.
While it makes sense for traders to do TA on charts plotting movement in POINTS, to get a clearer sense of how we are doing in relation to the past, I personally prefer looking at a LOG chart that plots PERCENTAGE change.
If we want to whine about the extent to which things have soured, we have to first look at the magnitude by which they've gotten so rosy in the first place.
Comparing a 1000 points drop now to a 100 points drop in the 80s is no different from comparing apples to oranges.
A log chart compares apple to apple, and an orange to another orange.
So, here goes our log charts for the indices:
The Nasdaq 100 is clearly still on an uptrend, despite the dot com catastrophe.
Well, ok, it was saved by a bigger evil, and it seems we're going to have to pay for it now.
But I doubt we will.
Human beings is such an adaptable species that even something like an ice age will still leave a few standing - enough to breed a whole new pack of wolves that will continue to rule earth.
On a more serious note, we aren't really doing as bad as most thought, and we definitely are not living in the worst of times.
While it makes sense for traders to do TA on charts plotting movement in POINTS, to get a clearer sense of how we are doing in relation to the past, I personally prefer looking at a LOG chart that plots PERCENTAGE change.
If we want to whine about the extent to which things have soured, we have to first look at the magnitude by which they've gotten so rosy in the first place.
Comparing a 1000 points drop now to a 100 points drop in the 80s is no different from comparing apples to oranges.
A log chart compares apple to apple, and an orange to another orange.
So, here goes our log charts for the indices:
DOW Monthly (Log)
Now, the drop we see in the shaded area - THAT is a depression.
Where we are now is simply a period where we are pausing to contemplate on how ridiculously and frivolously extravagant corporations and individuals have become.
But since nothing new really happens under the sun, after this phase of reflection, we'll be all ready to welcome a new era of decadence and profligate consumption.
SPX Monthly (Log)
Same shit.
RUT Monthly (Log)
Uptrend breached.
So?
We simply draw another trendline from the beginning of RUT to the current month.
And we're up again!
Just like before.
BORING.
NDX Monthly (Log)
With this, I don't even have to re-draw lines. NDX is clearly still floating above its uptrend line.
I feel for D's family, and for my friends who are living in the states when they question if they are ever going to see light at the end of the tunnel, if they are going to lose everything - their house, their jobs, their retirement funds, their investments. D works for THAT US bank, and I feel for him too.
But from the bottom of my heart, I don't believe this is doomsday.
When everyone's living like there's no tomorrow, THAT's the end of the world; when all are wondering what the future holds, it's a good start.
But from the bottom of my heart, I don't believe this is doomsday.
When everyone's living like there's no tomorrow, THAT's the end of the world; when all are wondering what the future holds, it's a good start.
Sunday, November 9, 2008
VEXED
I used to hate the first 4 months of the year. They almost always suck. But now I'm going to have to blacklist April and Oct, and very likely Nov and Dec as well.
I'm officially down to having no good months!
It has gotta be me.
I'm aimless.
Trading has gone from bad to worse. I have gone from having a plan each day before going into the market to impromptu trading.
And when I used to ask NQ when it will plunge, I'm now actually EXPECTING it to (Thanks, Harry, for pointing out...).
I can't settle on a trading timeframe, and I have no idea where to put my stops. Been scalping a fair bit, but am still not getting a good feel of NQ's rhythm.
And I threw away my charts.
I'm going to have to come up with a list of crazy things that I might do next and have D make sure that I don't do them!
I'm all over the place. And knowing that for a fact isn't helping.
Being in denial was so much better.
I really have to find my balance and focus AGAIN.
How many times do I have to do that a year??
Oh, LIFE, PLEASE, just stop throwing me curve balls!!!!
I'm officially down to having no good months!
It has gotta be me.
I'm aimless.
Trading has gone from bad to worse. I have gone from having a plan each day before going into the market to impromptu trading.
And when I used to ask NQ when it will plunge, I'm now actually EXPECTING it to (Thanks, Harry, for pointing out...).
I can't settle on a trading timeframe, and I have no idea where to put my stops. Been scalping a fair bit, but am still not getting a good feel of NQ's rhythm.
And I threw away my charts.
I'm going to have to come up with a list of crazy things that I might do next and have D make sure that I don't do them!
I'm all over the place. And knowing that for a fact isn't helping.
Being in denial was so much better.
I really have to find my balance and focus AGAIN.
How many times do I have to do that a year??
Oh, LIFE, PLEASE, just stop throwing me curve balls!!!!
Friday, November 7, 2008
NQ 11/7 - Plunge
NQ looks all set for a mini plunge to 1234.
Even if it breaks out of 1270, strong resistance above at 1295 is likely to send it down given the grim news on Ford, GM and the really unimpressive job data.
Pre-Market Analysis NQ 11/7 & HOPE
NQ 30min
This is how I'm reading those rectangles:
Green: Result of a failed double bottom ie. bulls bailing
Red: Bears puking
Blue: OBAMA!!
Grey: "What Now??"
As far as today is concerned, I'm not too pessimistic. Pre-market trading is probably going to continue to go sideways in the range of 1245 - 1270.
I'm taking the view that market's going to find support at around 1245 - 1252, and that if it hits 1290 and STAY up, and the broader market and energy sector were to show the same trend, then it's time to SELL that lousy energy stock that D's mum's relative had convinced her to buy. Can't sell it now coz the size she's holding is equivalent to the equity's one day volume. A rally is needed for us to get rid of it bit by bit.
I'm really not a bear now, but I'm not bullish either. As much as I like the US president elect, wall street doesn't, and for valid reasons. But those who take a slightly longer perspective will appreciate that a suffering middle class and economy will not serve anyone well in the long run.
Wall street blood suckers will have to be weaned prematurely off blood though.
If NQ doesn't break above 1295 before 10am EST, It's likely going to do something like yesterday: all over the place in the first half of the trading session, and plunge in the second.
Well, that's my view.
Which got me thinking: what on earth am I doing this for since I'm just going to tape read??
Well, maybe I won't tape read today.
This whole following the price going up and down and tick by tick is really killing my eyes and my brain cells.
I am going to go along with Lord Tedder and D's observation that I do DO BETTER when I'm selective with my entries and only strike when I see MY setup.
At 6:19am EST:
NQ 13min
Encouraging.
D's going to swing 1 long contract if NQ bounce off trendline.
Green: Result of a failed double bottom ie. bulls bailing
Red: Bears puking
Blue: OBAMA!!
Grey: "What Now??"
As far as today is concerned, I'm not too pessimistic. Pre-market trading is probably going to continue to go sideways in the range of 1245 - 1270.
I'm taking the view that market's going to find support at around 1245 - 1252, and that if it hits 1290 and STAY up, and the broader market and energy sector were to show the same trend, then it's time to SELL that lousy energy stock that D's mum's relative had convinced her to buy. Can't sell it now coz the size she's holding is equivalent to the equity's one day volume. A rally is needed for us to get rid of it bit by bit.
I'm really not a bear now, but I'm not bullish either. As much as I like the US president elect, wall street doesn't, and for valid reasons. But those who take a slightly longer perspective will appreciate that a suffering middle class and economy will not serve anyone well in the long run.
Wall street blood suckers will have to be weaned prematurely off blood though.
If NQ doesn't break above 1295 before 10am EST, It's likely going to do something like yesterday: all over the place in the first half of the trading session, and plunge in the second.
Well, that's my view.
Which got me thinking: what on earth am I doing this for since I'm just going to tape read??
Well, maybe I won't tape read today.
This whole following the price going up and down and tick by tick is really killing my eyes and my brain cells.
I am going to go along with Lord Tedder and D's observation that I do DO BETTER when I'm selective with my entries and only strike when I see MY setup.
At 6:19am EST:
NQ 13min
Encouraging.
D's going to swing 1 long contract if NQ bounce off trendline.
NQ Trades 11/6
An even lousier day.
LOSS: $277
Reduced position to 1 contract per trade coz I was expecting the market to be really schizo.
What I wasn't expecting was for NQ to turn out to be so SLUGGISH and LILY-LIVERED!!
On hindsight, I ought to have stayed out of trading all together today, and watch some good movies instead!
%&$#*&#$**!!
I didn't even have to look at a chart to know that it's a trendless, rangeless day for NQ.
Prices were basically crawling up and down within a tight range throughout the morning session.
Nil commitment from buyers and sellers.
Says a lot about the current market sentiment indeed: pure confusion.
I want to blame Obama.
44 is not exactly an auspicious number in my culture.
As a matter of fact, it's a REALLY BAD number.
A single "4" is bad enough.
44 is double whammy.
Ok, this is lame.
I mean, I really like the guy.
And it's not like he chose to be the 44th president.
Totally my fault that I don't know when NOT to trade.
But at least I'm not chasing.
Not today.
Maybe not even tmrw.
I'm not going to ask that same old boring question about when NQ is plunging.
It doesn't look like it will anymore.
Just a very LABORIOUS climb up.
SLOW is bad for my style of trading. A lot of adjusting to do.
At this rate, I'm much better off holding a day job.
But after being out for 18 months, I wonder if I'm going to be able to get back in....
Worst case scenario: WAITRESSING!
Definitely going to be hell of an experience.
Hur Hur.....
LOSS: $277
Reduced position to 1 contract per trade coz I was expecting the market to be really schizo.
What I wasn't expecting was for NQ to turn out to be so SLUGGISH and LILY-LIVERED!!
On hindsight, I ought to have stayed out of trading all together today, and watch some good movies instead!
%&$#*&#$**!!
I didn't even have to look at a chart to know that it's a trendless, rangeless day for NQ.
Prices were basically crawling up and down within a tight range throughout the morning session.
Nil commitment from buyers and sellers.
Says a lot about the current market sentiment indeed: pure confusion.
I want to blame Obama.
44 is not exactly an auspicious number in my culture.
As a matter of fact, it's a REALLY BAD number.
A single "4" is bad enough.
44 is double whammy.
Ok, this is lame.
I mean, I really like the guy.
And it's not like he chose to be the 44th president.
Totally my fault that I don't know when NOT to trade.
But at least I'm not chasing.
Not today.
Maybe not even tmrw.
I'm not going to ask that same old boring question about when NQ is plunging.
It doesn't look like it will anymore.
Just a very LABORIOUS climb up.
SLOW is bad for my style of trading. A lot of adjusting to do.
At this rate, I'm much better off holding a day job.
But after being out for 18 months, I wonder if I'm going to be able to get back in....
Worst case scenario: WAITRESSING!
Definitely going to be hell of an experience.
Hur Hur.....
Thursday, November 6, 2008
NQ Trades 11/5 & HATE
Profit: $275
A lot of actions with little reward.
LOUSY DAY.
Totally not in the mood to transfer my trades to excel, so am not tracking wins and losses and points.
D and I are a total mismatch.
We can't communicate.
I can't seem to be able to ask any questions without getting him all suspicious that I'm accusing him of sabotaging me or deliberately making my life miserable and difficult.
The D I know keeps things to himself, as long as he's with me.
He can spend hours, days, weeks talking to others, telling them what he FEELS about things and life in general.
But everything in D's heart is a mystery to me.
Coz that's the way he wants it to be.
The site that D has been checking out once he got home from his trip was Facebook.
Messages, and all the other JUNKS there are things that captivate him.
For days, he knew nothing about the pictures I left on my blog for him.
Why did I even bother to do something that I've always hated, for someone who has NIL interest in me???
I'M A MORON.
It took an unhappy and totally embarrassed and awkward me to prompt him to drop by my blog.
Maybe D really hates reading.
Except mails from others.
He dedicate songs.
Something I never knew he was sentimental enough to do.
In fact, I had to be told, by D himself, that he is actually a sentimental man.
He hadn't been showing that side of him coz he didn''t have an audience - until lately, that is.
The song wasn't for me.
It was for the audience he finally found.
I HATE FACEBOOK.
I ABSOLUTELY HATE FACEBOOK.
I FUCKING HATE FACEBOOK!!!!!!!!!!!!!!!!!!!!!!!
And I HATE all the women he's opened his heart to.
Today is the day I refuse to take any blame for his reluctance to communicate with me.
Today I just want to be ME - the wilful, evil, devastatingly callous person that absolutely HATES THE WORLD but has to get up each day pretending to believe that everything and everyone around her is good and normal and that she's the only one that needs fixing!!
LOUSY DAY.
Totally not in the mood to transfer my trades to excel, so am not tracking wins and losses and points.
D and I are a total mismatch.
We can't communicate.
I can't seem to be able to ask any questions without getting him all suspicious that I'm accusing him of sabotaging me or deliberately making my life miserable and difficult.
The D I know keeps things to himself, as long as he's with me.
He can spend hours, days, weeks talking to others, telling them what he FEELS about things and life in general.
But everything in D's heart is a mystery to me.
Coz that's the way he wants it to be.
The site that D has been checking out once he got home from his trip was Facebook.
Messages, and all the other JUNKS there are things that captivate him.
For days, he knew nothing about the pictures I left on my blog for him.
Why did I even bother to do something that I've always hated, for someone who has NIL interest in me???
I'M A MORON.
It took an unhappy and totally embarrassed and awkward me to prompt him to drop by my blog.
Maybe D really hates reading.
Except mails from others.
He dedicate songs.
Something I never knew he was sentimental enough to do.
In fact, I had to be told, by D himself, that he is actually a sentimental man.
He hadn't been showing that side of him coz he didn''t have an audience - until lately, that is.
The song wasn't for me.
It was for the audience he finally found.
I HATE FACEBOOK.
I ABSOLUTELY HATE FACEBOOK.
I FUCKING HATE FACEBOOK!!!!!!!!!!!!!!!!!!!!!!!
And I HATE all the women he's opened his heart to.
Today is the day I refuse to take any blame for his reluctance to communicate with me.
Today I just want to be ME - the wilful, evil, devastatingly callous person that absolutely HATES THE WORLD but has to get up each day pretending to believe that everything and everyone around her is good and normal and that she's the only one that needs fixing!!
Wednesday, November 5, 2008
I'm Not American, But I'm SO SO Happy Obama Is President
Hallelujah.
The US finally has a smart, good man as her president.
Long due.
The US finally has a smart, good man as her president.
Long due.
Tuesday, November 4, 2008
Trading Psychology: Cutting Loss
Spent the session going over D's mum [who left for home in LA earlier today :-( ]'s portfolio.
3 items on it - 1 is an energy stock, 2 are mutual funds.
The portfolio - with the energy stock making up 2/3 of it - has lost 58% to date.
While it certainly looks like one of the mutual fund (the other one is a goner) is the one that's worth holding since it's paying a monthly dividend, I am FOR selling it when there's still something left.
Maybe I'm prejudiced, I've NEVER believed in owning mutual funds. Mutual funds that are newly launched, well-packaged and publicized are the ones that go up in value while the rest basically die a slow painful death, in my opinion.
Today's the first day I got to see D's mum's portfolio, and I have to say that the relative who gave her the tip to buy the fund SHOULD BE SPANKED.
She bought the fund at $14. It's now $6. It plunged from $9 - $4 in less than 2 weeks, and that's just the first leg down.
A picture is worth a thousand words:
3 items on it - 1 is an energy stock, 2 are mutual funds.
The portfolio - with the energy stock making up 2/3 of it - has lost 58% to date.
While it certainly looks like one of the mutual fund (the other one is a goner) is the one that's worth holding since it's paying a monthly dividend, I am FOR selling it when there's still something left.
Maybe I'm prejudiced, I've NEVER believed in owning mutual funds. Mutual funds that are newly launched, well-packaged and publicized are the ones that go up in value while the rest basically die a slow painful death, in my opinion.
Today's the first day I got to see D's mum's portfolio, and I have to say that the relative who gave her the tip to buy the fund SHOULD BE SPANKED.
She bought the fund at $14. It's now $6. It plunged from $9 - $4 in less than 2 weeks, and that's just the first leg down.
A picture is worth a thousand words:
Weekly Chart
Daily Chart
I certainly don't care that the market might rally whoever the president of the United States is going to be after the big day tmrw - if there's a right time to cut loss, it was the day that the fund was bought.
We managed to sell every unit of the fund, all within 15 mins.
After we sold, the fund went up by $0.04.
I'm not regretting the decision. If anything, I'm happy that someone's bottom fishing. I'm happy that we could still sell such a chunk and someone's willing to buy.
I'm not showing the ticker coz I feel for those who are still holding. I do. But I can't NOT sell it. Trading is a zero sum game.
And I told D that there's no looking back.
To wait for the fund to go from where it is now back to $14 is fat hope at best. If anything, it's going to end up like the other fund, which is now sitting at literally zero.
By selling, D's mum has officially said goodbye to $50k. But at least she gets to keep the remaining $25k.
Holding the energy stock to see what it's going to do in the next few days and weeks.
It will take some time to break even, if it ever breaks out of its current range (am looking at 4 major resistances on daily chart).
But at least there's a chance. It's not going to do any worse than before, and it's not incurring any variable costs or having any cash flow problems. It's not going to take long to see if it will break below support -and when it does, the additional loss is negligible.
So we're giving it a chance.
What a day.
If by some divine intervention, the mutual fund that we just sold goes up to $14 in the next 12 months, I'd have been the most ungrateful creature on earth.
D's mum is a thousand times more motherly to me than my own mum. And I like her a million times more than I like my mum.
No.
Correction: I can't even use the word "like" to describe the feeling I have for my mum.
She's merely my obligation.
We managed to sell every unit of the fund, all within 15 mins.
After we sold, the fund went up by $0.04.
I'm not regretting the decision. If anything, I'm happy that someone's bottom fishing. I'm happy that we could still sell such a chunk and someone's willing to buy.
I'm not showing the ticker coz I feel for those who are still holding. I do. But I can't NOT sell it. Trading is a zero sum game.
And I told D that there's no looking back.
To wait for the fund to go from where it is now back to $14 is fat hope at best. If anything, it's going to end up like the other fund, which is now sitting at literally zero.
By selling, D's mum has officially said goodbye to $50k. But at least she gets to keep the remaining $25k.
Holding the energy stock to see what it's going to do in the next few days and weeks.
It will take some time to break even, if it ever breaks out of its current range (am looking at 4 major resistances on daily chart).
But at least there's a chance. It's not going to do any worse than before, and it's not incurring any variable costs or having any cash flow problems. It's not going to take long to see if it will break below support -and when it does, the additional loss is negligible.
So we're giving it a chance.
What a day.
If by some divine intervention, the mutual fund that we just sold goes up to $14 in the next 12 months, I'd have been the most ungrateful creature on earth.
D's mum is a thousand times more motherly to me than my own mum. And I like her a million times more than I like my mum.
No.
Correction: I can't even use the word "like" to describe the feeling I have for my mum.
She's merely my obligation.
Friday, October 31, 2008
No Trading Tonight
D's mum is in town!
Absolutely wonderful lady.
I like her!!
Seabloke, you're going to be so jealous. She gave me a pearl ring with diamonds all around, and the pearl is twice the size of the one that Granny used to wear!!
Hur Hur Hur!!!!
Absolutely wonderful lady.
I like her!!
Seabloke, you're going to be so jealous. She gave me a pearl ring with diamonds all around, and the pearl is twice the size of the one that Granny used to wear!!
Hur Hur Hur!!!!
Thursday, October 30, 2008
NQ Trades 10/30
(Click on images to enlarge)
I'm seriously questioning the logics of using charts for scalping.
For the past 3 sessions, I had stolen quick glances at my 30min and 5min charts.
Today, I didn't even open my chart. I knew roughly where NQ was, coz I was looking at its 30min chart an hour before market opened. But that was it.
Was using only BookTrader once market opened, as I did for the past few sessions.
D's fascinated. I said I'll teach him how to read it.
It's really straining on the eyes and the brain though. And I could do it for max of 1 hour. Once I lose focus, I just lose it. Respond a second too late, and I lose my good entry.
Will reduce my contract size from 2 to 1 tmrw.
Why?
Coz D's back tmrw.
And I expect to be distracted.
It's impossible to ignore D, or ask him to shut up, when he's all excited and wants to talk about his trades.
A talkative D is much cherished.
I'm seriously questioning the logics of using charts for scalping.
For the past 3 sessions, I had stolen quick glances at my 30min and 5min charts.
Today, I didn't even open my chart. I knew roughly where NQ was, coz I was looking at its 30min chart an hour before market opened. But that was it.
Was using only BookTrader once market opened, as I did for the past few sessions.
D's fascinated. I said I'll teach him how to read it.
It's really straining on the eyes and the brain though. And I could do it for max of 1 hour. Once I lose focus, I just lose it. Respond a second too late, and I lose my good entry.
Will reduce my contract size from 2 to 1 tmrw.
Why?
Coz D's back tmrw.
And I expect to be distracted.
It's impossible to ignore D, or ask him to shut up, when he's all excited and wants to talk about his trades.
A talkative D is much cherished.
Great Regret
On the day that Granny was cremated, we were supposed to pick her bones from her ashes as part of the Buddhist (Chinese?) burial custom. What disturbs me about the process is the using of chopsticks to do that. I've done it twice, and vowed never to do it again.
I haven't an inkling if it's a Buddhist ritual, or merely a Chinese custom. Whatever it is, I find it insensitive, twisted and abysmally crude!
As Chinese, we eat with chopsticks.
I use chopsticks to pick up chicken bones.
I couldn't believe my eyes when I was handed a pair of chopsticks to pick up the bones of my Dad 16 years ago.
So 2 Saturdays ago, after Granny's body was cremated - at the same temple where Dad was cremated - we were told to return in 2 hours for the bone-picking ritual.
We left in our own cars - Seabloke left with her family, my aunt (Dad's only sibling, and Granny's only other child) left with hers, and I left with D.
1 hour before the ceremony was to begin, I told Seabloke I wasn't going to do it. If the ritual was part of a "package" that they had opted for, they could go ahead without me.
I went home. It was 11:30am and I hadn't slept for 2 days.
D went to take a shower.
I sat right in front of my computer, which I hadn't quite had a chance to touch for almost a week. This is the place that I sit for almost 20 hours a day, almost everyday including weekends.
Since we moved in on April 25 this year, and since D took his trip - which was certainly an unforgettable one for me - on April 26, I've found solace just sitting here watching my charts.
I visited no friends, and allowed no one to visit (except Seabloke), and the only people I see are delivery men.
I did not call anyone, and avoided almost all the calls that came in.
Granny was not given the full detail of what was going on in my life, although she did get bits and pieces of information from Seabloke.
Granny called me heartless on so many occasions.
But the more she wanted to see me, and have me visit, or at least call her, the more I avoided her.
She was just constantly at the back of my mind and I found it a dread, and a burden, to have to think of her while I am attempting to make a shot at trading.
On the days that I did call her, I would feel totally relieved - it felt almost as if I had accomplished a mission.
But on that Saturday that I sat in front of my computer, all ready to log on, tears just gushed out.
I didn't feel the relief that I thought I would feel.
When I could finally ignore the entire world and just do my work, I couldn't.
I forgot my passwords. I couldn't concentrate.
Granny was everywhere.
The colors of my home reminded me of all the colors she hated.
The red and yellow blouses that I set aside only to be worn when I visit her make me tear - what do I do with them now?
I remember the last time I had a squabble with Seabloke, I ran crying to Granny, and she told Seabloke to stop bullying her sister.
I'll have no one to cry to now.
For the first time in my life, I felt lonely.
When D came out from his shower, I was a mess.
I couldn't stop crying, and I hated myself for not wanting to take part in the ritual.
It was exactly 12pm and the ceremony had begun.
I called Seabloke, and she told me to get there anyway.
D was speeding throughout the journey, and I was tearing non-stop.
I was half an hour late, and didn't get to put Granny's ashes into her urn.
I burst out in tears.
I am in tears as I write this.
I cannot describe the sense of loss I feel.
My loving, doting, domineering, but overwhelmingly caring Granny; my wise, witty and charming Granny - gone, forever.
What am I supposed to feel?
I asked Seabloke when I will get over this. She said we never will - just like we've never gotten over Dad. We will miss Granny's dishes and her naggings. It wasn't so bad when Grandpa passed on, coz we knew we still had Granny. Now....no more....
I asked Seabloke why I felt so terrible, and she said:
Big,
I've been telling you to meet friends, visit people who matter, regardless of your mood or how you don't like to make talks. You are a strong advocate of doing what's right, and keeping in touch IS right. That way, you know when the person leaves, you have no such regrets. I still love you.
Regret. Something that's plagued the most part of my life.
I don't know when the day will come when I will finally treat people right.
I'm terrified of intimacy.
I don't have a clue as to how I can spend hours looking at, talking to, and massaging Alberto, a cat, and can't spend an hour with people.
And it got me thinking - is that the reason why I've been able to live with D all these years?
Coz he can be so distant he seems almost like a stranger.
And I have no problem living with a stranger.
I have to do something about me.
If I don't, I'm going to die sorry and lonely.
I haven't an inkling if it's a Buddhist ritual, or merely a Chinese custom. Whatever it is, I find it insensitive, twisted and abysmally crude!
As Chinese, we eat with chopsticks.
I use chopsticks to pick up chicken bones.
I couldn't believe my eyes when I was handed a pair of chopsticks to pick up the bones of my Dad 16 years ago.
So 2 Saturdays ago, after Granny's body was cremated - at the same temple where Dad was cremated - we were told to return in 2 hours for the bone-picking ritual.
We left in our own cars - Seabloke left with her family, my aunt (Dad's only sibling, and Granny's only other child) left with hers, and I left with D.
1 hour before the ceremony was to begin, I told Seabloke I wasn't going to do it. If the ritual was part of a "package" that they had opted for, they could go ahead without me.
I went home. It was 11:30am and I hadn't slept for 2 days.
D went to take a shower.
I sat right in front of my computer, which I hadn't quite had a chance to touch for almost a week. This is the place that I sit for almost 20 hours a day, almost everyday including weekends.
Since we moved in on April 25 this year, and since D took his trip - which was certainly an unforgettable one for me - on April 26, I've found solace just sitting here watching my charts.
I visited no friends, and allowed no one to visit (except Seabloke), and the only people I see are delivery men.
I did not call anyone, and avoided almost all the calls that came in.
Granny was not given the full detail of what was going on in my life, although she did get bits and pieces of information from Seabloke.
Granny called me heartless on so many occasions.
But the more she wanted to see me, and have me visit, or at least call her, the more I avoided her.
She was just constantly at the back of my mind and I found it a dread, and a burden, to have to think of her while I am attempting to make a shot at trading.
On the days that I did call her, I would feel totally relieved - it felt almost as if I had accomplished a mission.
But on that Saturday that I sat in front of my computer, all ready to log on, tears just gushed out.
I didn't feel the relief that I thought I would feel.
When I could finally ignore the entire world and just do my work, I couldn't.
I forgot my passwords. I couldn't concentrate.
Granny was everywhere.
The colors of my home reminded me of all the colors she hated.
The red and yellow blouses that I set aside only to be worn when I visit her make me tear - what do I do with them now?
I remember the last time I had a squabble with Seabloke, I ran crying to Granny, and she told Seabloke to stop bullying her sister.
I'll have no one to cry to now.
For the first time in my life, I felt lonely.
When D came out from his shower, I was a mess.
I couldn't stop crying, and I hated myself for not wanting to take part in the ritual.
It was exactly 12pm and the ceremony had begun.
I called Seabloke, and she told me to get there anyway.
D was speeding throughout the journey, and I was tearing non-stop.
I was half an hour late, and didn't get to put Granny's ashes into her urn.
I burst out in tears.
I am in tears as I write this.
I cannot describe the sense of loss I feel.
My loving, doting, domineering, but overwhelmingly caring Granny; my wise, witty and charming Granny - gone, forever.
What am I supposed to feel?
I asked Seabloke when I will get over this. She said we never will - just like we've never gotten over Dad. We will miss Granny's dishes and her naggings. It wasn't so bad when Grandpa passed on, coz we knew we still had Granny. Now....no more....
I asked Seabloke why I felt so terrible, and she said:
Big,
I've been telling you to meet friends, visit people who matter, regardless of your mood or how you don't like to make talks. You are a strong advocate of doing what's right, and keeping in touch IS right. That way, you know when the person leaves, you have no such regrets. I still love you.
Regret. Something that's plagued the most part of my life.
I don't know when the day will come when I will finally treat people right.
I'm terrified of intimacy.
I don't have a clue as to how I can spend hours looking at, talking to, and massaging Alberto, a cat, and can't spend an hour with people.
And it got me thinking - is that the reason why I've been able to live with D all these years?
Coz he can be so distant he seems almost like a stranger.
And I have no problem living with a stranger.
I have to do something about me.
If I don't, I'm going to die sorry and lonely.
Wednesday, October 29, 2008
Definitely Lonesome Tonight
I've logged out from IB and closed my charts.
The market's boring me to death.
Home's terribly quiet.
Al and Keisha are restless... Missing D, I guess.
Am feeling a tad out of sorts - haven't even the mood to go out for a smoke.
Seabloke's making some serious attempts to get me out of the house in the morning.
She just doesn't like me fair!
LOL!!
I blame this for my bad mood:
Light Of My Life
Lara Fabian
Wandering like a leaf upon the wind
I have been searching for someone
Holding out for a love to shake my soul
Heaven or nothing
Then you walked into my life
In a blaze of light
I've never wanted someone more
You are the one I've waited for
Light of my life
You are the fire in my heart
When I am lost
I know I'll feel you burning in the dark
You're the light of my life
Every star in the sky
Shines more brightly when you're at my side
You're the light of my life
Dreaming, I feel you next to me
No, I'm not, I'm not dreaming
'Cause I'm drowning in your kiss
I die in your arms
And when I hear you call my name
Baby, it's like I'm born again
Your love's a lantern in the rain
Bringing me home time and again
Burning like an eternal flame
Light of my life
You're the beat of my heart
When I am lost
When you're lost I know
You'll see me shining
Shining in the dark
You're the light of my life
Like the stars in the sky
Only you can take me through
You're the only one who makes it right
Only you set fire to the night
You're the light of my life
The market's boring me to death.
Home's terribly quiet.
Al and Keisha are restless... Missing D, I guess.
Am feeling a tad out of sorts - haven't even the mood to go out for a smoke.
Seabloke's making some serious attempts to get me out of the house in the morning.
She just doesn't like me fair!
LOL!!
I blame this for my bad mood:
Light Of My Life
Lara Fabian
Wandering like a leaf upon the wind
I have been searching for someone
Holding out for a love to shake my soul
Heaven or nothing
Then you walked into my life
In a blaze of light
I've never wanted someone more
You are the one I've waited for
Light of my life
You are the fire in my heart
When I am lost
I know I'll feel you burning in the dark
You're the light of my life
Every star in the sky
Shines more brightly when you're at my side
You're the light of my life
Dreaming, I feel you next to me
No, I'm not, I'm not dreaming
'Cause I'm drowning in your kiss
I die in your arms
And when I hear you call my name
Baby, it's like I'm born again
Your love's a lantern in the rain
Bringing me home time and again
Burning like an eternal flame
Light of my life
You're the beat of my heart
When I am lost
When you're lost I know
You'll see me shining
Shining in the dark
You're the light of my life
Like the stars in the sky
Only you can take me through
You're the only one who makes it right
Only you set fire to the night
You're the light of my life
Not Trading The NQ Today
Volume's going to be low before 2pm EST, and I'm still NOT done feeling sad about not having a deeper pocket to sit through my forex retracement!
Even if there's going to be a rally in anticipation of or after the announcement on interest rate cut, I don't believe it will be sustainable.
If anything, market will only PLUNGE after that.
So maybe no rally is better than a rally that gives false hope.
I'm buying the USD again once I see an established trend.
And definitely no more holding and sitting for me until I have grown my account to a level that allows me to swing trade!
Oh, I really want to, and absolutely have to say this : SCREW FOMC!
Even if there's going to be a rally in anticipation of or after the announcement on interest rate cut, I don't believe it will be sustainable.
If anything, market will only PLUNGE after that.
So maybe no rally is better than a rally that gives false hope.
I'm buying the USD again once I see an established trend.
And definitely no more holding and sitting for me until I have grown my account to a level that allows me to swing trade!
Oh, I really want to, and absolutely have to say this : SCREW FOMC!
FX Trades 10/28 - Close All Losing Positions
- Charts are telling me that market's likely to continue to rally today, ie. USD's not going to continue to be perceived as the only safe haven.
- FOMC - Too much talk about the very high chance that they will reduce interest rate. That's too much risk I'm going to have to take, although I've already cut some losses earlier in the day. I want the bulk of my money intact.
I can't bear to talk about my loss in absolute dollar amount NOW (not that it's huge - D expected me to lose everything in the micro account...er...in days... I suppose - I JUST DON'T LIKE LOSING!!!).
When I open a new position, my balance will be posted.
Getting myself ready for US market open.
NQ Time!
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