Recent content by jessechan

as usual, i'll recommend Vadym Graifer's Techniques of Tape Reading in relation to chart patterns, i think Suri Duddella's Trade Chart Patterns Like The Pros should be a good suggestion

how about IB?

there's loads of info about vsa on traderslaboratory.com, see if it helps

I can only answer the HSI part: I usally set up my stop loss in last or 2nd last reaction low/high, it depends the prevailing volatility condition.

My personal opinion in trading HSI: a. it's better to trade in small size when one is new to HSI b. the spread is reasonable if you focus on the standart contract quote, but sometimes when the market is very volatile, slippage is huge c. it's better not to use market order when entering...

sorry for my unclear reply the net profit you'll earn using your currency is (534x$6.4)- round trip commission charges the net profit position using Hong Kong Dollars will be: standard contract: (534xHK$50)- round trip commission charges mini contract: (534xHK$10)- round trip commission...

just subtract the round trip costs from the 534 points then you get the net profit for standard contract: HK$50 per point for mini: HK$10 per point

Just come across a new book called "Value in Time: Better Trading through Effective Volume" by Pascal Willain. As far as I understand, Pascal tries to unmask the buying/selling patterns of the big boys through his proprietary effective volume. For more details, one can visit his website. Btw...

How about: a. Chick Goslin's "Trading Day by Day: Winning the Zero Sum Game of Futures Trading" b. Linda Bradford Raschke's "Street Smarts: High Probability Short-Term Trading Strategies"

the spread is much more reasonable if you look at the front month standard contract rather than the mini contract

yes, it's very difficult to let profits run as compared to cut losses short, this is my major problem, can someone suggest some concrete steps to avoid taking profits too soon, thanks in advance

ai've read both DT and Trading in the Zone, i think the latter is much more practical and to the point

it's very difficult to understand the original Taylor's book, better to study it from other sources eg George Angell's books, just my 2 cents

in relation to futures trading, how about the following: a. price action: dbphoenix's ebook b. patterns trading: suri's trade chart patterns like the pros c. trading set-ups: raschke's street smarts and nihabaashi's wrb analysis d. vsa: tom's master the markets

one has to learn how to drive before he can steer a car smoothly, for the same analogy, one needs to learn how to trade before he can trade for a living naturally, unfortunately, they both take time and effort