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.
Facelift In Full Force
2014 Feb 15 Sat 20:15:41 | by
Site maintenance still in progress. The usual stuff necessary to keep the website healthy like optimize database, updating various components, etc. has to be done in sequence. You cannot rush these things.
So far things go smoothly and should be done later tonight.
While discussing with my web site designer we agreed that the website has now outgrown the original design. The original design was made for a simple article sharing, blog posting site with the extra ability to talk in real-time. Over the years I keep adding more and more trading related tools and services that are above and beyond what a simple site should be.
My gut instinct told me to revamp the whole site. I decided to upgrade the design so that it is more organized around its functionalities. That means the whole look and feel will be centralized around 3 main themes:
- research articles
- trading tools and analytic reports
- users forum
Going forward there will be progressive changes around the site everywhere. This will bring the site up to the level it should be similar to other professional cloud services.
Let me know what you think.
Andy Puddicombe: All It Takes Is 10 Mindful Minutes
2014 Feb 14 Fri 23:48:06 | by
Andy Puddicombe, a former Buddhist monk, talks about the usefulness of spending 10 minutes a day to maintain the most important part of your body – your mind.
A great talk in under 10 minutes.
Site Maintenance Over The Weekend
2014 Feb 14 Fri 21:04:59 | by
We will conduct site-wide maintenance over this holiday weekend.
Site will be up as a whole with individual section closed for short period of time.
Sorry for any inconvenience.
WTF Chart of the Day: Nasdaq 100 Back In Year 2000
2014 Feb 13 Thu 21:14:44 | by
This is another way to look at year 2000, from the Nasdaq 100 index future perspective.
Following chart is Emini S&P and Emini Nasdaq 100 back in year 2000 from January to March.
People mistaken that I am a bear.
From the chart above that zoomed out quite a bit from the last one you can tell that I am really a hidden bull at least until sometime in March.
Now the more interesting thing is the dynamics between S&P 500 and Nasdaq 100.
Why I was not surprised today when NQ was making new high?
Take a look at the 30-min zoom in you will find the answer.
If it is going to be like year 2000, this coming 4 weeks will be very difficult to trade when S&P and Nasdaq 100 decouple from each other.
Be warned.
Real-Time Trading Tools Development Update
2014 Feb 13 Thu 20:19:11 | by
I am glad to report that my decision to switch to this real-time messaging service backend is one of the best moves I have made this year.
The stability and scalability is amazing. We’ve done stress test on real-time delivery by bursting many messages through and there was no delay whatsoever. This allows me much greater flexibility in terms what can be done with the real-time tools and how to get them implemented.
I am now making drastic changes to my original design of the real-time price level tools and also the upcoming real-time bias reporting tool. If all goes well, we will have a new alpha version of real-time price levels ready next week. The most obvious thing is that it will be able to host many more price levels per update.
We are also moving forward with my changed design on the real-time bias reporting tool. We’ve lost 2 weeks due to the backend issues but we’ve gained significant design flexibility in return. I cannot really complain about that.
If all goes well, real-time bias reporting will go alpha soon too.
Many people experienced this before. You left-click once but Windows turns that into a double-click. Once you start experiencing the problem there is really no solution. For most people it is just frustrations and be careful with your clicks so that …
I posted the Y2K analog back in January and the striking resemblance keeps giving. Let’s take a look at an update of this comparison of year 2000 and what happened so far this year. No comment necessary. Year 2000: Today Feb 11, 2014: …
If you have not read Van Tharp’s book Trade Your Way To Financial Freedom (review here), this video is pretty much the heart of his book and the main theme of his teachings. …
Our testing of the alternative real-time messaging backend did not went well over the weekend. So more testing necessary tonight after markets closed. My guess is that we will be working on that after 7pm Eastern Time. Only the real-time chat room …
It is great news that FXCM is going to offer reduce pip size as of Feb 28th, 2014! Starting Feb 28th, the per pip profit/loss will be reduced to 1/10th of the size before. It can enable much more efficient position sizing for smaller accounts. Trade …
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