The Lawrence Chan Blog

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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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!

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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.

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

It is an oxygen concentrator that double the capacity of the last one.

All went well for about a week and then nightmare started as the machine malfunctioned in the middle of the night. This damn thing started to beep and stalled. Eventually not working. Luckily we have quite a number of oxygen tanks to take its place.

Everything sorted out and no one was hurt but I learned a lesson – sometimes we are never careful enough.

If I pay more attention to the service manual I would know that this beast actually need the same amount of electricity like a full size air conditioner. That means I need a dedicated power line for this to function properly.

Just because it is not my domain of expertise I did not do my best to map out the scenarios.

Now that I have learned my lesson, we have this huge oxygen tank installed in case of power outage.

I should go get a drink. Later.

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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 coming. Several other ones will be posted soon.

On the Emini S&P side, the original goal of posting one tick indices based signal has turned into a multiple parts big project blowing up my schedule. This is what happens when one is writing on one topic and then adding more and more stuff to the original. The plan now I have is to reduce the materials into a summary version first so that I can post it as soon as I can. I will then work on the multiple parts detail version to be included in the Trading With Tick Index series.

One major issue we’ve encountered with the real-time tools is the delivery mechanism leaks memory. It is a very elusive issue because it does not leak as fast on Firefox nor in Chrome but it leaks like the dam is broken with Internet Explorer. I get a chance to read through the code done by my guys to see if I can assist them in some way.

All these will keep me busy this whole summer.

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