Selasa, 18 Oktober 2011

Trade ES Starting From The RTH Close

I don't trade much after lunch in RTH. By then I've been at my screen over a 12 hour period (often not continuously). However, I do look at the charts, especially Market Profile, when I start my day at about 5 am in France. There are lots of you out there who trade in that time zone - after RTH - so I thought a few comments may be useful after looking at the charts from the Close of RTH on 16 Oct up to about Lunchtime in London (about 7 am NY time).

This is the Profile:


I have broken out the TPOs of the current 24 hour Profile so you can see the half hourly action.


Price closed yesterday at the end of RTH at 1194.00 ish. Had I been trading starting at that time, I would mark out the key points on the Profile chart: 

I would expect price to rally back to 1196.50, the bottom of the VA of the split of the last distribution. It did just that but much later. 

I would watch for what happened at the low of 13 Oct - 1193.25, and,

 1191.00, the TPO VAL of 12 Oct. 

The next point is 1187.oo which is the Volume VAL of the same day.


The market action at the close of RTH looks like that continuation down is likely and I'd enter on the break down with good volume. I then have a series of places to cover, buy and sell at. I need to look at what happens at these key areas. My bias is down until I see good buying coming in. That did happen at the Volume VA low, twice. 


Planning the trades out in advance is one way of not being surprised.

Senin, 17 Oktober 2011

Dan Wheldon Knew the Dangers of Racing


Dan Wheldon knew the dangers of auto racing when he stepped into the cockpit of his IZOD IndyCar Sunday afternoon. The 33-year-old died at Las Vegas Motor Speedway after being involved in a fiery crash at Lap 11 that ultimately forced the cancellation of the race. Ironically, Wheldon was victorious the last time an IndyCar driver was killed in a race. More than five years ago, Paul Dana died at Homestead Speedway near Miami. Wheldon edged out the victory, and then had some prophetic and compassionate words in victory lane.


"Our thoughts are with the Dana family," Wheldon said after winning at Homestead in 2006. "It's a very, very sad day. I think we put on a good race ... but it's just a very sad day.
It's a job that can be pretty vicious at times but also can have pretty big highs."


Wheldon knew the dangers, but it doesn’t make his death any easier. Please read the column I wrote for the Charleston Daily Mail after Dana’s death. It still rings true today.


By Mike Jones

Charleston Daily Mail

March 27, 2006


Everyone involved in racing understands the dangers of the sport.


Drivers, crewmen and fans realize the inherent risks every time the cars motor around high-banked ovals at mind-boggling speeds for hundreds of miles.


Many legendary drivers who have built the sport have died behind the wheel.


Since 1996, 10 drivers from the IRL, CART and NASCAR's top three series have died from on-track crashes.


But the understood dangers don't make it any easier to accept when the racing community mourns the loss of a driver.


Paul Dana, a 30-year-old rookie driver in the IndyCar Series, was killed in a horrific crash during a morning practice just hours before Sunday's race at Homestead-Miami Speedway.


Dana crashed into another car driven by Ed Carpenter, who spun out while in turn two. Most drivers slowed in time to miss the spinning car, but Dana, for reasons still unclear, was seemingly unaware of the caution and slammed into the back of Carpenter's car at nearly 200 mph.


Both Dana and Carpenter were airlifted by helicopter to a nearby hospital. Carpenter was awake and in stable condition Sunday. Dana, however, was pronounced dead two hours later.


In a somewhat surprising decision, the racing series decided to continue with the race just three hours after officials confirmed Dana's death. While car owner Bobby Rahal removed his other two cars driven by Buddy Rice and Danica Patrick, the rest of the drivers prepared for business as usual.


Racing analysts agreed with the decision and said the drivers would be able to block out the tragedy once they strapped into their cars and fired the engines.


But should the show have moved on so quickly?


A man was dead and a family devastated. Dana's wife, Tonya, was informed of her husband's death while attending a church service in Indianapolis.


The high-speed excitement seemed inconsequential in light of the death of a person.


Before the race, ABC covered the tragedy and helped viewers understand the gravity of the situation. But the network barely mentioned Dana's death during the two-hour race.


Even in the face of tragedy, though, Dan Wheldon and Helio Castroneves delivered a fantastic finish, racing within inches of each other, with Wheldon winning by the nose of his car.


While crewmen cheered and congratulated each other, Wheldon, the defending IRL champion, put the day's events into perspective.


"I think, under the circumstances, we shouldn't really celebrate," he told his crew moments after crossing the finish line.


In victory lane, a subdued Wheldon merely stepped out of his car, quietly embraced his team and then pushed aside questions about the incredible race.


"Our thoughts are with the Dana family," Wheldon said. "It's a very, very sad day. I think we put on a good race ... but it's just a very sad day.


"It's a job that can be pretty vicious at times but also can have pretty big highs."


Sunday's race had both. But the great side-by-side finish didn't seem at all important in light of the morning's tragedy.

Looking into the Future

It's lunchtime on Saturday here in France as I start writing this. I woke up early, as usual, but not to trade. I watched the Formula 1 qualifying at the Yeongam circuit in Korea. We then made a few runs to the local dump to get rid of the rubbish left over from our redecorating efforts which was completed, not by me, on Thursday evening.

I'm writing this post as a look into the future. I know I will scalp the ES on Monday. Scalping is a different thing for every trader. For me, scalping nowadays is trading off a 30 second or 1 minute charts or even a 0.75 range bar chart, for 1.5 or 2 points, not ticks. I re-enter on pullbacks of the trade is still intact.

I know I will make money, not because I am full of myself but because I have a trading plan that has been backtested up the wazoo and that if I get any sort of volatility will enable me to get a pay day unless  do something stupid.

This supreme confidence is built on backtesting and then trading in SIM to prove the TP and develop the muscle memory and then proving the SIM with live trading. After this process I know I will be profitable. I do need to watch for any changes that require an adjustment of stops and targets.

If you look at the chart and go long when the candles go green, scratch if the momentum doesn't continue but take profit at 1.5 to 2 points and a stop at 2 points. Of course I override when I see that the trade should be exited as the order flow is waning.  Simple TP. The smarts have gone into the algo that makes the bars change colour.

In my opinion, this is the way to CP. You risk only your time and lost opportunity until you have proven yourself. The risk is only the transition risk from SIM into live. 

Those of you who are in email contact with me know that I usually do my correspondence at around 5am here in France. The view below is from my work area at about 7.30am this morning. Mont Blanc is just around the corner to the right behind the hill.

I've had my sauna and been working since about 4.30 am today. Not much market action, yet, although there were a couple of good moves during the Asian timezone. I'll start my scalping now.


Saturday, on the week-end, was the second anniversary of this blog. I'm pleased to say that not only did Kiki reach CP during the blog, but a host of other readers have emailed me that the blog has helped them achieve that milestone. I guess it's not a milestone because to most, the distance is not a mile but is like the distance from the Earth to the Moon. Congratulations to all who are CP. You are in the best business in the world. And now, it is a business for you! You deserve credit for all the hard work you put in. The harder you worked, the luckier you became.

It's now Monday. This is how things went this morning (London time). It was a quieter than usual morning. Market was strong overnight and started that way in London until the German Chancellor made a comment. SOLD!



Blackberry failures teach us how to manage project sponsors

The crisis at Research In Motion (RIM) reminded me how important it is to fully involve the sponsor when projects are going wrong. I speak from some experience about what the teams are going through at the data centre in Slough as in a different life I was global head of crisis management for a large bank (definition of crisis: anything which made the senior management team shout!) One of the

Minggu, 16 Oktober 2011

UTTAR PRADESH KA PAHLA NMART SHOPPING MALL

Uttar pradesh ka pahla Nmart shopping mall Lucknow me 25 October ko open hone bala hai.

LUCKNOW NMART SHOPPING MALL

Jumat, 14 Oktober 2011

How do I use a QR Code in Business Marketing?


  A QR code (abbreviation for Quick Response code) is a specific matrix barcode (or two-dimensional code) that is readable by dedicated QR barcode readers and camera telephones. A QR Code can deliver information to potential customers FAST! There are several different types of ways you can use your QR Code for business marketing.

QR Codes on Branding Materials - On branding items like Business Cards, Letterhead, Envelopes and Directory Listings, a QR Code that displays a vCard or Contact information will be most useful. When a potential customer scans this kind of QR Code they will see your name, phone number, location or mailing address, email address, web address and even a memo or tag line. This information is easy to register and save to their address file with absolutely no need to enter numbers or words which can be mistakenly mispelled or entered incorrectly.

QR Codes To Make Referrals - Texting is a phenomenon! When you want people to share your company or product with their friends or co-workers, an SMS message might be your best kind of QR Code. When a potential customer scans this type of QR Code then it will open their texting application with an automatic message ready to send to anyone in their address book. For example, if you are offering a special or coupon, including an SMS QR Code on the coupon that is labeled "Share with Friends" will auto populate a message about how they would like to share your business coupon. The message can include your contact info or website as well.

QR Code in Advertising - QR Codes are limited to a certain amount of characters which may mean that you want to send people to your website which allows them to learn alot more about your business. When a potential customer scans a URL QR Code, they are transported directly to your website right on their phone. They can shop, subscribe or map your business right there! You can also embed a video and link the QR Code to that page where the video is located so the visitor can watch it from their smart phone.

QR Code on Signage - It's a great idea to include QR Codes on your signs to again, allow people to program your information into their phone for future use. When a customer scans your QR Code from a sign, either in front of your business, billboard, real estate or other, they will be able to quickly connect with your business even if you aren't there...or open!

Whatever QR Code you use - make sure your business name is clear! In the very least, your customers should be able to find your website and phone number without much trouble. As you get more familiar with how to use the different kinds of QR Codes to best suit your marketing needs.


 
Read More About QR Codes:
What is a QR Code?
How does a QR Code work?
What kind of QR Code do I need?
How do I use my QR Code?

Qlixite will customize your QR Code for Free - Get Yours NOW!

What Kind of QR Code do I Need?


A QR code (abbreviation for Quick Response code) is a specific matrix barcode (or two-dimensional code) that is readable by dedicated QR barcode readers and camera telephones. A QR Code can deliver information to potential customers FAST! There are several different types of ways you can use your QR Code for business so you will need to identify what kind of QR Code you will need?

QR Code delivers CONTACT INFORMATION - On branding items like Business Cards, Letterhead, Envelopes and Directory Listings, a QR Code that displays a vCard or Contact information will be most useful. When a potential customer scans this kind of QR Code they will see your name, phone number, location or mailing address, email address, web address and even a memo or tag line. This information is easy to register and save to their address file with absolutely no need to enter numbers or words which can be mistakenly mispelled or entered incorrectly.

QR Code delivers an SMS MESSAGE - Texting is a phenomenon! When you want people to share your company or product with their friends or co-workers, an SMS message might be your best kind of QR Code. When a potential customer scans this type of QR Code then it will open their texting application with an automatic message ready to send to anyone in their address book. For example, if you are offering a special or coupon, including an SMS QR Code on the coupon that is labeled "Share with Friends" will auto populate a message about how they would like to share your business coupon. The message can include your contact info or website as well.

QR Code takes a visitor to a WEBSITE - QR Codes are limited to a certain amount of characters which may mean that you want to send people to your website which allows them to learn alot more about your business. When a potential customer scans a URL QR Code, they are transported directly to your website right on their phone. They can shop, subscribe or map your business right there! You can also embed a video and link the QR Code to that page where the video is located so the visitor can watch it from their smart phone.

QR Code displays a CALENDAR EVENT - If you are running a special on a particular day or have an open house scheduled, you might want to use a Calendar QR Code to make it easy for a potential customer to remember your event. When a customer scans your Event QR Code they will see the event title, location, date, time and description in a format that they can save right to their calendar. Put your event on their schedule with just a touch of a button - or screen!

Whatever QR Code you use - make sure your business name is clear! In the very least, your customers should be able to find your website and phone number without much trouble. As you get more familiar with how to use the different kinds of QR Codes to best suit your marketing needs.


 
Read More About QR Codes:
What is a QR Code?
How does a QR Code work?
What kind of QR Code do I need?
How do I use my QR Code?

Qlixite will customize your QR Code for Free - Get Yours NOW!