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.
Just Making Things Official
2013 Jun 18 Tue 14:24:03 | by
The press release earlier today makes it formal that I have taken over the ownership of DaytradingBias.com from TickQuest Inc. It is actually a gradual process. It is a decision made quite some time ago and that it took several months to get all the paperwork, logistics, etc. done properly.
I guess business as usual would be the best description for the transfer.
More announcements will be made on new services for the premium members in coming months.
WTF Chart Of The Day: Emini S&P Dropped 14 Points On Absolutely Nothing
2013 Jun 17 Mon 23:16:10 | by
Just one piece of article talking about reasonable expectation of QE "tapering" already gave many daytraders heart attack during the trading day. Imagine what would happen if Bennie tell us QE will be terminated at once!
Not that I am complaining – after all, Emini S&P moved exactly as I predicted earlier in the day. Even the part that the gap were not likely to be filled was correct. Sometimes bots are predictable indeed!
The reporter (Mr. Robin Harding from Financial Times) came out later on Twitter that everyone should chill because he has no insider info whatsoever.
Interview With Stan Druckenmiller
2013 Jun 15 Sat 16:30:53 | by
Following is an interview with Stan Druckenmiller by Bloomberg’s Katherine Burton back in March 2013.
And this is an updated interview by Goldman Sach’s Hugo Scott-Gall in Jun 2013,
I do not necessary agree with Mr. Druckenmiller’s many talking points but his understanding of the global economy and where it may be heading is something worth listening to.
New Home For The Videos
2013 Jun 14 Fri 19:43:35 | by
Videos now have its own home page making it easier to browse through them. You can see it here yourself, Videos For Traders.
My webmaster finally finished his revision of the Research home page to make it look cool. His idea is to produce more index pages each with specific theme. In the meantime, I have to tag the articles properly so that it is feasible to do so.
Next round of revision is to produce a set of reference materials for the premium users.
More improvements coming soon, stay tune!
You May See Only One Trend Line But There Are Many
2013 Jun 13 Thu 19:46:46 | by
Many chart readers rejecting the concept of trend lines because the drawing of trend lines is pretty arbitrary. Worse yet some technicians will sworn by their specific trend lines as if these lines have magical powers which control how the price will move around them. There is really no point to look at trend lines beyond their purpose – to highlight the persistency of the price direction currently in force. One has to be reasonable and objective when applying trend line analysis onto a chart.
A very important concept about trend lines is that there are often more than one trend line defining the exact same trend. In another words, even though you see that there is just this one obvious trend line in your chart, there are other versions of the same trend line used by people with slightly different configuration in their charts. You have to be aware of this possibility so that you will not fall into the trap of self deception.
Part of our premium service, login now or upgrade your membership to view this reportTime and again I mentioned in my real-time chat that the University of Michigan Surveys of Consumers is not a public economic report. A proprietary research report is something owned by a private company. It has the rights and discretions to disclose …
According to the latest report from Bloomberg, the official WM/Reuters rates are rigged for a long time. The article is a good read for any forex traders not aware of the problem. The scam is done in such elaborate manner that it can put those heist …
Just posted a new article, Weekly STOPD Pattern: Forex Bearish Midpoint Cross, for premium members. I will post a few more as soon as possible because I see a storm coming soon in the forex arena. Forex traders will need all the tools and help to sur …
Saw this in the news that this year Warren’s charity lunch auction did not go that well. http://www.ctvnews.ca/business/warren-buffett-charity-lunch-sold-for-1-million-plus-1.1316848 I remember last year the auction settled above $3 millions and it …
Majority of long term funds (i.e. not hedge funds) are all under performing the S&P 500 for 4 to 5 years in a row. Many people are expressing frustrations against the fund managers while some others are having fun making jokes about them. I guess …
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