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Stress-Free Trader (The Lawrence Chan Blog)


Full time index & forex trader, occasional consultant to hedge funds / institutions, my work leads to my not so normal view of the financial markets. My blog mostly talks about trading, market behaviours and other musings.

Originally this blog is supposed to be organized in a separate website like what most authors do but I don't think I will maintain it properly that way. So here it is as part of this website.

In case you are curious of what I do outside of blogging here:

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Daily Cheatsheets for Crude Oil and Other Markets

2014 Aug 29 Fri 14:45:13 | by Lawrence Chan | 1 comment

To answer the requests for daily cheatsheets on crude oil and other markets, I need more input from those who are interested in them.

The main issue with crude is that the front month / most active contract do not always stay the same from year to year. It is the very natural of commodities that have strong seasonal effects. It is very often that people are trading both contracts at the same time (i.e. spreads). That means I need some time to think of a way to produce a version of the daily cheatsheet to handle the commodity markets properly.

There should also be specific tools made for these markets too because there are unique trading opportunities related to them that are not available in the index markets.

Input on this idea will help me sort out what is more important and what is not.

Thanks!

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Thank You For Your Support With The Testimonial Request

2014 Aug 27 Wed 10:26:33 | by Lawrence Chan | No comments yet

Since I posted my requests for testimonials, I have received many testimonials through email from our members.

Many thanks for all your kind words, praises and encouragements.

I have taken notes on your special requests too. I will be addressing them each separately in coming weeks.

For those who like to send in their testimonials, you are always welcome to do so by sending them to me at lawrence@daytradingbias.com

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Talks About STOPD

2014 Aug 25 Mon 12:13:10 | by Lawrence Chan | 1 comment

One of my readers forwarded a discussion of Special Theory of Price Discovery (STOPD) in a private trading forum to me.

It is interesting that none of them have actually read the book and all comments are speculations of what STOPD actually is. I am quite shock that comparisons were made to Fibonacci support resistance levels, Elliott Waves, etc.

As the author / researcher who discovered STOPD, it is pretty disappointing to see STOPD is compared to those trading methods.

As a trader, however, it feels funny and even joyful knowing that the ignorance among majority of the traders continue to stay strong.

The conflict of interest in me is beyond description.

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Earthquake in San Francisco Bay Area

2014 Aug 24 Sun 13:36:56 | by Lawrence Chan | 3 comments so far

A 6.0 earthquake hit San Francisco earlier this morning.

http://www.reuters.com/article/2014/08/24/us-usaearthquake-idUSKBN0GO0A520140824

As I posted last year about sunspot and earthquake, the number of earthquakes and magnitude of them is expected to rise.

So far, the uptick in number of earthquakes greater than magnitude of 5.0 is the longest chain in recorded history.

Historically, as long as there is no earthquake of magnitude greater than 5.0 happening within a 2 weeks window, the chain would be broken and overall seismic activities will die down. However, since end of last year, there has been a continuous chain of earthquakes. Not something good to see for anyone living in the Ring of Fire region or any other earthquake-bound zone.

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As mentioned a few times before, DaytradingBias.com was under heavy attack by hackers for a while.

The measures we’ve taken has dropped the impact of workload on the website to manageable level. What we have not mentioned was that the attacks never stopped. Under these circumstances, we have taken the security effort to another level. We’ve added traps to detour the hackers into thinking that they have really hacked into our site, but in fact they have landed in a fake site so that we can find out the intentions behind these hacking efforts.

What we’ve found out is very interesting. As oppose to normal hacking bots that loot for pictures, client records, etc. These bots are trying to find the source of the trading signals.

Why? I have no idea.

 

I assume these hackers read my blog so here is a message for you:

Please stop the hacking. There is absolutely no point to attack my site because the trading models are not generated on the server hosting the website. The signals and market bias reports are generated on a private server with only outgoing means. It is a waste of time to attack the website as it will not lead you to what you want.

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My site designer thinks that featuring some testimonials from our premium members will be a good thing for the site.

I am asking for our premium members to send me testimonials about our service.

You can email me directly at lawrence@daytradingbias.com

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Why Is Trading Emini Getting Easier?

2014 Aug 20 Wed 9:37:43 | by Lawrence Chan | No comments yet

I can sum it up in one simple chart.

image

Anyone actively trading emini knows that the market is now mainly driven by bots, small & large hedge funds and big institutions. These players are all so predictable, I guess we can call this the golden era of emini trading.

Yet, from the chart above, we can see that the term emini is no longer something people search for. The continuous down trend is very clear since year 2009. As we all know, retail players are often on the wrong side of any market. The decline of their interest in Emini trading is clearly the best thing that can happen to those who are serious about making a living by trading Emini S&P.

 

BTW, correct spelling means nothing in the modern day internet driven information society.

image

At the current rate, in a few years no one will search for the term E-Mini, which is the official name for the mini contracts traded at CME. LOL.

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Switching Computer Is A Major Undertaking

2014 Aug 17 Sun 15:51:03 | by Lawrence Chan | 1 comment

3 days into setting up a new computer, I am just mostly done with the move.

Configuration and updates for Windows 7 took half a day.

The installation of all these programs I use took more than a day to complete.

Then the copying of data from the original computer onto the new computer took another day although that was happening in parallel while I was doing the application installations.

Somehow I miss the days when we can simply move the hard drive from one computer to another. But that was way back when.

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I have received a number of requests to post about Emini S&P afterhours market biases and trading setups.

I think it is a good idea because not everyone can monitor the market during the US session. I under that many beginners also start out from part-time trading the E-Mini at night. I guess adding E-Mini trading models to deal with overnight trading will be quite useful for many traders.

The concern I have is that the stops for overnight trading sessions are quite useless when chaos hit the market. Slippage happens more often than not at important price levels with stop orders. This happens because E-Mini S&P is really moving as a proxy with the rest of the world with some of its components also trading afterhours. The moves are more unforgiving thus it is more likely to end up with more losing days if one focuses only on the afterhours trading. It may not be what the beginners are bargaining for.

Just drop me a comment here or send me email.

Edit: The reason for not posting many Emini AH biases and trading strategies / trading setups before is a logistic issue – we do not have the means to deliver the signals real-time back then. Now that I have the Emini S&P Real-Time Trading Assistant, the real-time delivery issue is no longer there.

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Reorganization vs. Complete Makeover

2014 Aug 11 Mon 13:04:10 | by Lawrence Chan | No comments yet

There’s been a lot of confusion lately coming from new premium members on how to best utilize the site.

The guide to our products and services seems to add more confusion than helping the beginner traders out in getting the most out of the site.

From what I gather, it seems like many members are not interested in going through the introductory materials and instead jump straight to applying the various reports directly for the markets they trade.

In this case, I am going to introduce separate main sections for Emini S&P and Forex where specific pages, articles, etc. will be linked from there so that members can simply ignore the other markets they are not interested in.

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