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.
Top 5 Reasons Why The Biggest Canadian ISPs Never Improve Their Services
2014 May 23 Fri 14:05:10 | by
Out of frustration I started to dig up information about the internet outages originated at the major Internet Service Providers. It turns out being one of the biggest ISPs in Canada is a near perfect business just like the TBTF banks. Here are the top 5 reasons why being the biggest ISPs in Canada is a free pass to print money.
Number 5 – No Evidence
When your service is down, your customers cannot make a complain online. They are totally cut off from the net. No one would see the real records of your bad services. Some of these ISPs even shamelessly claim that they have 99% up time which every Canadian knows is not true.
Number 4 – No Monitor
Media are either too lazy to report how bad your services are, or, they just do not care as long as their own interest is taken care of.
Case in point – when two major outages back in 2013 affected the media companies, they blasted the ISP pretty much 7/24. When the other major outages happened, as long as that did not affect these media companies, nothing was reported.
Number 3 – Fear Mongering
When someone called customer service complaining that their Internet service is not working, simply use scare tactics to make sure they would wait and stop complaining.
Case in point – a well known strategy among the ISPs is telling the customers that a technician will be schedule to check out the problem and if the problem is not originated from the company, the customer will be charged for the service call. Majority of people will choose to shut up and wait.
Number 2 – Spin To Win
The very persistent and knowledgeable customers can forced into an infinite loop of hardware replacement even though these ISPs are known to purchase inferior hardware to offer to their customers all along. A simple procedure to buy time and costs nothing until service is repaired.
Number 1 – No Choice
When the customers get so frustrated and switch to the other biggest ISP, it won’t take long for them to switch back!
The beauty of oligopoly.
What’s Next For Forex Signals
2014 May 19 Mon 11:01:45 | by
Some members are concerned that I have forgotten about the forex markets as I am having great time with my Emini trading lately.
Don’t worry. I have not forgotten about our members who trade forex.
I have actually written several pieces on swing level trading models for the forex majors.
The one on Bristish Pound was published late last month at TraderPlanet.
There is another one coming up early next month on Canadian Dollar at TraderPlanet.
The swing biases on these models will be auto updated on the forex signal page.
More practical trading models for forex majors will be published.
I am doing it slowly because I prefer the readers actually understand the drivers behind these trading models. It is important to understand them so that they can be integrated into one’s trading style, not the other way around.
Is Day Trading For You Available At Scribd
2014 May 17 Sat 15:27:03 | by
I have made my introductory series on day trading available at scribd now.
Those who prefer to download and read the articles in pdf format instead of reading it online can get it here,
http://www.scribd.com/doc/224727734/Is-Day-Trading-for-You-by-Lawrence-Chan
I find it much easier to maintain free ebook this way as the publisher model based services make it difficult to distribute and update the free ebooks.
It is something that’s worth trying out.
WTF Chart of the Day: VIX Is Settling At Its New Home
2014 May 13 Tue 17:34:15 | by
A quick note on VIX why it has moved towards 12.
Anyone who has read my article on the real underlying behaviour driving VIX level should know that as S&P500 moves towards 1900, VIX is bounded to move towards 12. That’s the way it is. The fact that VIX drifts into 12-13 area is not a signal by itself that the market is topping.
It takes more than that for a market top setup.
Site Maintenance For Real-Time Bias Reporting Tool
2014 May 9 Fri 22:47:09 | by
I have my first read of the statistics collected on the new real-time bias reporting tool now.
It is performing stable which is what I expected but you never know.
i.e. 1st release of the real-time price levels tool was "eventful"
We are going to make adjustments to the backend server software this weekend. The approx. time that the site will be disrupted will be sometime late evening on Saturday. It is going to be minor.
If all goes well, no one will even notice.
By end of May, the membership special will end. Introducing The New Membership Program In place of the current membership program, a new one will be put in place. Current premium members and those who sign up before June, as I promised, will keep …
I am happy to announce the alpha launch of the Emini S&P500 Real-Time Biases And Signals Tool! To learn more about the tool, you can read the introduction. For a list of the signals and biases supported, check out the Emini S&P Patterns Lib …
As we are getting very close to the release of the real-time bias reporting tool, I need to prepare for the documentation of the various price patterns, trading setups, etc. that will be included in the tool. Since I have to go through all the conten …
After a review of the articles I have written, I found that they spread across many topics serving a wide spectrum of audience. It is a nice experience to write whatever comes to my mind when I was organizing my years of trading notes and research re …
I posted back in the beginning of March that the crisis in Ukraine that my first hand information indicates the only thing that really matters is the control of the pipelines. It is proven to be correct and that the mainstream media has been all wro …
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