The Lawrence Chan Blog

I have diverse interest in many things from science and technology to martial arts and ancient health practices. Obviously, discussion of these topics should be done within my own blog as oppose to keeping them here. Hence my blog is created so that I can have a venue to express my creativity and thoughts on my other interests. For those of you who share similar interests, you can check out my site TheLawrenceChan.com

Due to the sheer volume of articles I have written about trading, many of which are trading related yet not technically in line with what DaytradingBias.com is offering, they have to be split from my blog into yet another site. Hence for my non-technical writings about trading, videos I have curated from various sources that I think are useful for traders and my reviews of trading related products, you can find them at the site Essence of Trading

The reason why I picked the Tai Chi picture above for this page is best explained by my article Tai Chi Traders in a World of Chaos at Essence of Trading.

Below are the old blog posts that were originally posted here. To avoid broken links from other sites, I have decided to keep them here.



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Switching Computer Is A Major Undertaking

2014 Aug 17 Sun 15:51:03 | by Lawrence

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.

One comment


Thoughts About Adding Emini S&P Afterhours Trading Setups

2014 Aug 14 Thu 10:03:26 | by Lawrence

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.

3 comments


Reorganization vs. Complete Makeover

2014 Aug 11 Mon 13:04:10 | by Lawrence

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.

No comment yet


Allergy Season

2014 Aug 10 Sun 14:16:30 | by Lawrence

Entering late summer and my allergy is back. Not as bad as the old times but obviously it is blocking my nose and giving me headache at times.

Reminder to myself to be more cautious trading this week. Consistent minor annoyance like this can affect one’s mood significantly.

Damn!

No comment yet


I like to take this opportunity to express my sincere gratitude to SmilingSynic for contributing his trading book reviews. I know he has a very busy schedule this year. It is very thoughtful of him landing me a big hand in this area.

In a short period of time, he has already produced 6 excellent trading book reviews:

Forex Price Action Scalping: An In-Depth Look into the Field of Professional Scalping by Bob Volman

Live the Dream by Profitably Day Trading Stock Futures by Gary Smith

Connors on Advanced Trading Strategies by Laurence A. Connors

The 5-Day Momentum Method by Jeff Cooper

How I Trade for a Living by Gary Smith

Anatomy of $SPY on First Trading Day of the Month by Kora Reddy

 

Don’t forget that he has created a great presentation of his Five Minute Flip method for trading Emini S&P.

2 comments


2014 Jul 14
Sometimes One Is Never Careful Enough

Last year I posted about the toy my family has acquired. Well, we’ve got an upgrade that looks like this. …

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2014 Jun 26
What’s Next During This Summer

Just a short update about where we are heading with the real-time tools. We are still on schedule to add new price levels to the price level tools. Forex real-time biases and signals reporting is going alpha – the first one based on Quid Piker is c …

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2014 Jun 11
Free Bitcoin Online Resources

Many readers emailed me asking for more information about Bitcoin and where they can learn more about it. Well, there are many options to choose from. Here is a short list to some free resources online. Data Aggregation The most comprehensive data …

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2014 Jun 8
NFP Week Bias Report Revised

I have revised the Non-Farm Payroll Report Bias article with updated statistics and information. It is now renamed as Survival Guide To Non-Farm Payroll Report Week. This is now one of the Survival Guides written to deal with the monthly scheduled …

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2014 May 28
Long vs. Short Research Articles

I am wrapping up the research articles for the next set of real-time trading biases (well, this time they are more like trading signals). I find that the length of these articles has been growing longer. They are so much longer comparing to the more …

One comment



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