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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Forex Daily Biases Reporting

2013 Nov 27 Wed 12:36:45 | by Lawrence

Long delayed daily biases reporting for forex is almost ready.

It is the same concept as the one for S&P signal page except that for forex we need to produce the reports for the majors, not just one symbol.

Once we work out the remaining formatting issues will have it added to the forex signal page.

Will keep you all posted.

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What Is Money?

2013 Nov 26 Tue 18:14:23 | by Lawrence

First, a video from Secret Life of Money from Discovery channel.

Not the full show here, just the short clip having the right statements and questions.

 

Second, a video from The Atlantic on the same subject.

 

Understand the basics about money will make you understand why Bitcoin is gaining all the buzz lately.

Who wouldn’t want their money to be safe from government and bank looting?

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The Most Violent Condition On Earth Over Past 200 Years

2013 Nov 25 Mon 12:54:22 | by Lawrence

For some mysterious reason, no one even reports what is happening around the world these days. Something like what we are experiencing now should be news everywhere yet not even one mainstream media is picking this up. Not news worthy?

I reported back on Nov 1 that the solar flares from the Sun will affect communication equipment. The sunspot cycle I mentioned also correspond to earthquake some how. Well, sunspot activity has be the mildest over the century, yet earthquakes at 6.0 or higher in Richter scale recorded is now the highest within a month in recent history. In addition, we now have the most number of volcanoes activated at the same time in recent 200 years.

What the hell is going on?

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traffic on junction in city We’ve been working hard to resolve the technical issues relayed to real-time bias delivery.

Well, not really me who resolve the issues, it was just my guys doing all the hard work and I was there to stress test the prototypes.

I think majority of the technical issues are taken care of. Next is a simple test in the real world where premium members can try out. I will keep you all posted on this.

Now, onto funny things about Twitter. What’s the connection between Twitter and my real-time bias service?

First, Twitter is a real-time message delivering system.

Second, at some point during our development process, we’ve tried using Twitter as the backbone to deliver the real time bias reporting.

Twitter worked so well as a backbone with our prototype we’ve gone to the point with many fancy things built around it. Then we’ve learned something the hard way. Twitter has a hard limit on the number of messages you can tweet! Once it is reached you are flagged as abusing the system.

The odd thing is that there is no limit on the number of messages being broadcasted to your subscribers. It does not matter if you have only 10 subscribers or a million subscribers. Twitter limits both the frequency and the total number of messages you can tweet everyday. Twitter also imposes a limit on the number of Tweets you can receive everyday.

So people like me who try to piggyback on their awesome real-time delivery system will have a hard time doing so. It is actually how we first learned about the hard limit because we breached the number of messages we can tweet in 2 hours. I guess the limits are there exactly to stop people like me.

Talking about hacking our way through the internet … LOL

At the end we have to scrap the whole idea and start over again.

I think this prototype on Twitter is actually a great experience. At least I have a story to tell you all.

6 comments


Market Internals 2013-11-22

2013 Nov 23 Sat 14:32:43 | by Lawrence

Monthly update on market internals.

The current snapshot of S&P 500 3-Day Advance Issues, Tick16 Short Term + Long Term as of 2013 Nov 22 close

image

Review

Tick16 breakout mode gave us breakout to the upside.

First Tick16 short term overbought against Tick16 long term bearish gave us a brief pullback as I mentioned that in real-time chat. This setup worked out in coordination with the 3-Day Advance Issues divergence setup.

And right after the pullback, it turned into a powerful buy signal as mentioned last time.

Reading

1. Long Term Tick16 (yellow line) bearish

2. Short Term Tick16 (red line) still have room to go back up to at least the long term line and more likely the neutral zone. This is bullish.

3. 3-Day Advance Issues (green line) in 2 way swings

Inference

a. #1 is bearish longer term (4 to 6 weeks)

b. #2 more room to go for the upside

c. #3 distribution in progress

Long Term Outlook

The 1998 scenario played out. That means we are likely getting an early year end rally and until the Tick16 short term reading is overbought, it is not time yet to fight the uptrend on swing basis.

The way 3-day advance issues swinging both ways is great for day trading.

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2013 Nov 21
China Finally Discloses Its Petroyuan Intention

As I reported back in late September, China mentioned the potential of having an oil future exchange in the Free Trade Zone in Shanghai. Now it is a confirmed threat in competing against the US exchanges with the crude oil contracts potentially pric …

One comment


2013 Nov 20
Financial Betting: Start Of My Investigation

It is something new introduced to me by a friend. He’s a medical profession who does not like the concept of trading but he has a thing for gambling. He has been a member of a very famous international gambling site for a long time. The funny thing …

6 comments


2013 Nov 20
Amanda Bennett: We Need A Heroic Narrative For Death

This is not a video related to trading. Clipping it here for myself. The issue is controversial. If you are not interested in terminal illness or topics related to death do not continue from here. Cancer patients, terminal patients in general and …

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2013 Nov 20
How Human Response To A Messed Up Global Economy Part 3

Continue from part 2 Governments are running out of excuses to stop bartering from growing. The only issue left is how far bartering can reach in our economic structure. There was no historical period telling us where this development will take us …

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2013 Nov 17
WordPress Oddities Taken Care Of

We’ve learned that quite a number of users somehow auto log out from the site for some odd reasons. We tracked that down to a "feature" introduced by the new releases of WordPress that we are using to power the site. Some twisting to the …

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