Dear fellow traders :
The Staits Times article is here.
Monday, March 16, 2009
Thursday, March 12, 2009
ES Trading - 12 Mar 09
Dear fellow traders :
Most of the trades here were done to recover the loss of -10.50 points suffered earlier. These trades were NOT executed hazardously or randomly although it's still paper trading. Noticed I still make some trades within 9.30am to 10.00am EST, BUT this time I went in when indicators show that there's high probability of ES trending downwards during that time. And this time I kept my stop loss tight at max. 2 points. Scalped for 0.50 to 2.00 points in a few trades. By 10.30am EST reduced the loss to -2 points.
Wanted to call it a day. But near 11.00am EST saw the indicators showing a probable downward trend thus I went in short. But near 12.00pm EST saw the indicator starting to turn up. Not going to fight the trend and exited with a 0.25 point gain. Loss reduced to -1.75 points.
Note that if I didn't exit my last trade, I would have chalk up massive loss coz the ES kept trending upwards from then.
Regards,
Tony Chai
Wednesday, March 11, 2009
ES Trading - 11 Mar 09
Dear fellow traders :
Was taken out by -6 points just within 3 mins. When would I learn not to trade within that crazy 30 mins after market opened. I would keep to my max. 2 points loss for any position traded within this period. I know I could be whip-sawed out of my position quickly but at least I do not let it run to a 6 points (or more) loss.
Managed to recover +3 points later. Now had an open position which is still bleeding -7 points. What a day.
Regards,
Tony Chai
Tuesday, March 10, 2009
ES Trading - 10 Mar 09
Dear fellow traders :
Told myself it's crazy to trade between 9.30am to 10.00am EST and yet I've went in. Done a few trades & by 11.00am EST I was down -5 points ($250). 
It was then I realized that the indicators pointed downwards around 11.15am EST but the S&P 500 & ES simply refused to plunge. This rally has strength thus I long the ES using the profit target/stop loss figures suggested by Michael during the course. Let the trade run and closed the trade for 12 points ($600), thus netting a 7 points gain after deducting the 5 points loss earlier.
Regards,
Tony Chai
Monday, March 09, 2009
ES Trading - 9 Mar 09
Dear fellow traders :
ES traded on 9 Mar 09.
Suffered 3 consecutive losses amounting to -9.50 points ($475). Would have suffered more if I didn't bother to set the stop loss. Then the indicators pointed to probable downward trend and I shorted the ES. Took out profits in the 1st 2 trades & since ES still trending downward, I took a 3rd trade & the 3 trades netted 8.25 points ($412.50), reducing my loss to -$62.50. Not trading beyond 12.00pm EST.
Juliana has a great blog about futures trading at http://www.juzjules.blogspot.com/. And yes, she does reveal her trading setup in her blog. You just need to search through her blog to find it. Or simply ask her, she is usually gracious to point out to you.
Check out Michael's site at http://www.tfal.com.sg/ for the next preview date of his e-mini futures trading course. You can also email him at : mw@shoyun.com
Regards,
Tony Chai
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