Real happiness lies in gratitude.


QURAN IN ENGLISH - The most important book that everybody should read.

Monday 27 September 2010

Pullback trading

2 basic type of trading = breakout and pull back
SU1 is a breakout setup.

meanwhile Pullback is good strategy if the place is near OHLC or MA and the candle is wicked...I code this setup as  POMA2 as I tend to forgot

Saturday 25 September 2010

Bought printer HP F2400

I hope this printer will enhance my trading memory (which I severely lacked) - This printer will print 'my trading failures and successes' which a blog can't do. Then it will be used like "flash cards for kindergarten children"   :-) ....hmmm... blinking light ?? 

Oh hell, I need to buy the printing papers ...I told ya my memory  is not that good

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I need a new wire (done)
I need to call technician (done)

I need to dismantle a single bed (done) and drill a hole for the ADSL cable (failed effort, the wall is too tough for the drill, so I have to use the window ..he he)
I need to relocate computer (done)
I need to buy another screen  (done)
I need a big poster of Hawaii :-) Changed  it to New York wall clock (done)
I need a colour printer to print charts and stick em on the wall ( I think the printer is very important -- traders, like other people... tend to forget)(DONE AT LAST)

Thursday 16 September 2010

Current chart setting - SU1 EXcluded

 My xp shows that its useful to record 'the chart' for future reference, even though it may not useful.

“Results! Why man, I have gotten a lot of results. I know several thousand things that won't work.” - Thomas Alva Edison

Wednesday 15 September 2010

'trend is no longer your friend'

Now is September but CL market is 100% choppy.
Choppy is the trend now and this choppy trend is not your friend'
I used trendline and OHLC to detect trend but its nowhere to find and confirmed by choppy price movement.
An indicator - MACD - is added to my SU1 set up to test choppy water. Of course when the TRAIN is coming, the MACD is not needed.

Flexibility is necessary to remain in control.