Ngee Ping Tio posted an article on
Taichiseal Charts
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Feb 9, 2012, 1:57 am
Battered and bruised badly here recently operating on weekly SHS top assumption. Risk built up to too large and strong uptrend on daily killed me.
Confidence low. Can't stomach the swings on a weekly time frame anymore.
So lower a gear and trading on daily chart now. Recent high 1.32... Comment - Like
Ngee Ping Tio posted an article on
Taichiseal Charts
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Feb 8, 2012, 2:28 am
Manchester City (57 / GD+44)
12Feb : Aston Villa away +3
25Feb : Blackburn home +3
03Mar : Bolton home +3
10Mar : Swansea away +3
19Mar : Chelsea home +1
24Mar : Stoke away +3
31Mar : Sunderland home +3
07Apr : Arsenal away +1
09Apr : WBA home +3
14Apr :... Comment - Like
Ngee Ping Tio posted an article on
Taichiseal Charts
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Feb 6, 2012, 4:51 am
Daily chart shows how tricky it has been trading cable. Bluff and double bluff, non-trending range extensions.
Rectangle range between 1.54 and 1.5750 from late Nov11 to mid Jan12.
Downside break of range below 1.5400 in early Jan12 was a false break.
Followed by latest un... Comment - Like
Ngee Ping Tio posted an article on
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Feb 3, 2012, 5:22 am
Recall in Nov11 I made the decision to terminate my TR Eikon subscription. When informed, the account manager who had never ever called me during the entire tenor of my relationship with TR, suddenly sprang to life and tried to sweet talk me into not ending my contract. I do not recall ever getting ... Comment - Like
Ngee Ping Tio posted an article on
Taichiseal Charts
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Feb 2, 2012, 8:46 am
MacBook running Windows XP in VirtualBox My 6-year old MacBook almost dying now. It doubles up as my Disaster Recovery system. Because PATS and SaxoTrader only run under Windows, I need Windows installed on my MBs.
My new MB (with super fast SSD!) comes with Lion which does not support Windows ... Comment - Like
Ngee Ping Tio posted an article on
Taichiseal Charts
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Feb 1, 2012, 1:07 pm
Initiated a short EUR/USD yesterday at 1.3193 on basis of 1. still valid SHS top on weekly chart, this upmove being the pullback to the neckline. 2. Daily chart running into overhead resistance around 1.3200.
Trade worked almost immediately and daily candles (red=down) from Mon + Tu... Comment - Like
Ngee Ping Tio posted an article on
Taichiseal Charts
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Jan 31, 2012, 2:02 am
T2W = Trading to Wealth. T4L = Trading for a Living.
Approach here until now = identify long term trend, get on board and ride it to conclusion. This worked well with nice long uninterrupted trends in 2007 and 2008 to play with. Supernormal returns were then possible. Ever since, I have kept ... Comment - Like
Ngee Ping Tio posted an article on
Taichiseal Charts
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Jan 30, 2012, 2:09 am
For the rest of this season, until it is mathematically impossible to catch Man C, please don't start David de Gea in anymore BPL games. The boy is a danger every time he plays, to his own team.
Trading wise - not going well. Rethinking my entire approach. Keep getting killed by holding out fo... Comment - Like
Ngee Ping Tio posted an article on
Taichiseal Charts
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Jan 21, 2012, 8:10 am
Took me 2 long years to finally get hold of this score from an out of print book by Noriyasu Takeuchi. Posting it here in case any one is interested.
Looked for it in guitar shops all over, order it online, begging people who have played it on Youtube, contacted the publisher, aske... Comment - Like
Ngee Ping Tio posted an article on
Taichiseal Charts
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Jan 20, 2012, 4:50 am
Managed to cover some short EUR/USD at 1.2633 and 1.2666 last week, but nowhere near enough to prevent feeling pain in this short squeeze.
Also increased cable short near the lows of last week's move = caught by false break again.
Took profit on short USD/CHF ie back to EUR/U... Comment - Like
Ngee Ping Tio posted an article on
Taichiseal Charts
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Jan 13, 2012, 1:33 pm
On 06Sep11 when SNB implemented the 1.20 peg, market shot up10 big figures from around 1.10 to above 1.20 almost instantaneously., leaving a price vacuum which we should theoretically come back to at least partially fill.
Since the peg announcement, price has traded within a rectang... Comment - Like
Ngee Ping Tio posted an article on
Taichiseal Charts
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Jan 12, 2012, 10:38 am
Short a tiny amount of Mar Corn since 21Dec11, at 611.
Finally cut loss at 658.25 earlier this evening in Globex.
Market just opened for today's main session, limit down 6% at 611.50.
WTF !
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Ngee Ping Tio posted an article on
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Jan 11, 2012, 3:08 pm
Suffering on short cable (at 1.5418 average) looks like it might be over. Have been squeezed to as high as 1.5674, fortunately only in small size not sufficient to induce panic abandonment of a good looking chart trade.
Complex SHS top looks like it is breaking down now (again!). In... Comment - Like
Ngee Ping Tio posted an article on
Taichiseal Charts
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Jan 11, 2012, 11:22 am
Risk Off book performing, mostly from cable and EUR/USD, which is good as the 2 account for >70% of core book risk.
Have just sold USD/CHF at 0.9533 (+SFH2 @ 1.0477), in half the short EUR/USD amount, thus turning half of EUR/USD short into EUR/CHF short.
This achieves 2 object... Comment - Like
Ngee Ping Tio posted an article on
Taichiseal Charts
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Jan 9, 2012, 1:12 am
Notice USD/CAD picture is very much the inverse of Copper. Both weekly triangles - Copper awaiting downside breakout trade signal, USD/CAD upside.
Breaks = Risk Off trend continuation.
USD/CAD triangle chartpoint this week around 1.0420.
CD IMR = US$3105; HG IMR = US$7763.... Comment - Like
Ngee Ping Tio posted an article on
Taichiseal Charts
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Jan 8, 2012, 11:38 pm
Attached chart = EUR/CHF daily. Looks very much like a topping price action. In addition to EUR weakness, one wonder if perhaps "insider trading" suspicions of the EUR/CHF floor's chief architect might perhaps contribute to the chart performing on the downside. Had previously planned to ... Comment - Like
Ngee Ping Tio posted an article on
Taichiseal Charts
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Jan 5, 2012, 7:11 am
Carried forward Risk Off positions from 2011 subjected to squeeze first few sessions of the year. Apart from cable and corn, the trades on board look all right still. Fortunately, position sizing was correct and I was not squeezed out. Early flush-out is good. Yet to do a trade in 2012 b... Comment - Like
Ngee Ping Tio posted an article on
Taichiseal Charts
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Nov 1, 2011, 11:31 pm
With some great sorrow, like a mighty river,
Flows through your life with peace-destroying power,
And dearest things are swept from sight forever,
Say to your heart each trying hour:
“This, too, shall pass away.”
When ceaseless toil has hushed your song of gladness,
And you... Comment - Like
Ngee Ping Tio posted an article on
Taichiseal Charts
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Oct 31, 2011, 3:06 pm
Did not get my margin funds back in time today. Let's hope that client funds segregation, MAS regulated, etc means that I will not have to suffer any loss here, just inconvenience of timing.
Have traded solely with MF Global for the last 5 years, during which time I have found no co... Comment - Like
Ngee Ping Tio posted an article on
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Oct 28, 2011, 10:25 pm
Stopped trading early in the week after the very positive reaction to Merkel/Sarkozy plan was announced over the previous weekend. General skepticism of plan from almost every news source trumped by price action.
USDX + SP500 : Mirror image of each other. SP500 has even penetrated t... Comment - Like
Ngee Ping Tio posted an article on
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Oct 28, 2011, 6:06 am
Lots of adverse rumors about financial health of my existing futures house. Have today arranged to take out all my margin funds, just to be on the safe side.
This leaves me broker-less temporarily. No trading meanwhile until this blows over or I set up another facility.
Any suggestions for... Comment - Like
Ngee Ping Tio posted an article on
Taichiseal Charts
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Oct 26, 2011, 1:04 pm
My favorite paragraph in the whole Steve Jobs book. I love the sound of the cello, and Yo-Yo Ma, for me, is the best.
There was one classical musician Jobs revered both as a person and as a performer: Yo-Yo Ma, the versatile virtuoso who is as sweet and profound as the tones he creates on his ... Comment - Like
Ngee Ping Tio posted an article on
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Oct 26, 2011, 10:45 am
Excerpt from Walter Isaacson's book below. Now I know why I can't watch EPL on my iPad. (Btw, the book is an insanely great read).
Jobs’s vision that your computer could become your digital hub went back to a technology called FireWire, which Apple developed in the early 1990s. It was a hi... Comment - Like
Ngee Ping Tio posted an article on
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Oct 26, 2011, 10:34 am
This has been "insanely volatile" recently. Shanghai composite index recovery after falsely breaking 2320 a major contributory factor.
Monthly and weekly charts, however, still in high confidence bearish mode.
Question remains one of trade location, not direction. My guess is .... Comment - Like
Ngee Ping Tio posted an article on
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Oct 24, 2011, 9:06 am
Link here to a celebration of Steve's life. Includes speeches by Tim Cook, Al Gore, Jonathan Ive and performances by Norah Jones and Coldplay. (Streams perfectly on my iPad but not on PC). Comment - Like
Ngee Ping Tio posted an article on
Taichiseal Charts
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Oct 22, 2011, 9:00 am
USDX : 2nd consecutive weekly close below 76.72. Not looking good for bulls.
US10YY : Still down trend. Buy TY near 2.30%.
SP500 : Close at 1238, above 1231 resistance. Turn bullish? Or bull trap? Lost. Old SHS NL providing resistance above.
Gold : Loss of downside mome... Comment - Like
Ngee Ping Tio posted an article on
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Oct 20, 2011, 11:54 pm
In process of breaking down key 2320 support level.
Proxy trades : Sell Copper and AUD/USD.
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Ngee Ping Tio posted an article on
Taichiseal Charts
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Oct 20, 2011, 6:05 am
On both the daily and weekly charts, it does look rather like a near term top has been reached.
A print below 1191 would seal the move towards the lower end of the trading band.
At this point in time, it is probably too early to talk about big trend down moves. But certainly wo... Comment - Like
Ngee Ping Tio posted an article on
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Oct 19, 2011, 11:01 pm
Fresh sell signal again.
With the lower wedge line redrawn, the pattern looks much better now. Higher confidence that this will work.
Breaks that occur by default ie sideways move until apex of triangle is reached, are usually useless.
Early breaks such as this one, in ... Comment - Like
Ngee Ping Tio posted an article on
Taichiseal Charts
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Oct 19, 2011, 12:19 pm
Copper daily chart breaking down (see red cirlce).
Am still targeting 272. How we get there (eg do we form a weekly triangle first) obviously depends a lot on developments elsewhere eg EU impact on Risk On/Off.
One factor which could help make this an easy trade is China.... Comment - Like
Ngee Ping Tio posted an article on
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Oct 18, 2011, 9:35 am
Flag pole 1816-1534 = $282 length.
Downside break finally arrived today (?).
Break point 1676, which puts downside objective at 1394.
The break is a bit too near to the tip of the flag for my liking. Nevertheless, it seems to be occurring with reasonable downside momentum,... Comment - Like
Ngee Ping Tio posted an article on
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Oct 17, 2011, 9:38 pm
Charts self-explanatory.
There can be no better time to do this.
Target : 1060.
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Ngee Ping Tio posted an article on
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Oct 17, 2011, 3:50 pm
Despite recent very strong rally (read squeezed to maximum pain here), all the charts here do not look like they have completed the longer term down moves yet.
I would say the 3 charts on the RHS look marginally more bearish than the 3 LHS charts (EUR perhaps should also be on... Comment - Like
Ngee Ping Tio posted an article on
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Oct 15, 2011, 2:43 am
Once again, lured into trouble by "best looking chart". Perhaps I need to assign equal weights to trades regardless of beauty of chart pattern. Also re-examine practice of exit only upon weekly close confirmation. To be fair, I had been lightening up all week, but just not quickly enough... Comment - Like
Ngee Ping Tio posted an article on
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Oct 11, 2011, 10:15 pm
From Mail Online : Norman Lamont on why the single currency was never going to work - and how any attempt to save it is utterly dishonest. Comment - Like
Ngee Ping Tio posted an article on
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Oct 11, 2011, 10:06 am
Nice chart, although past experience shows that the perfect looking ones usually don't work.
Still, have a look at this near classic bear flag on the Gold daily.
Taking 1816-1534 as the flag pole (length 282), and assuming downside break at 1632, this projects downside target a... Comment - Like
Ngee Ping Tio posted an article on
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Oct 11, 2011, 9:04 am
Yesterday was a brutal day for me on Sarkozy/Merkel bank recapitalization plan without details. Guess market was over-extended and ripe for a squeeze which caught me by surprise not so much that it occurred but by its sheer power (speed and magnitude).
Nevertheless, however I look a... Comment - Like
Ngee Ping Tio posted an article on
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Oct 7, 2011, 11:14 pm
Got out at the right time, got back in too early. Overall stance remains unchanged, still firmly in the Risk Off camp. Gave back some P&L obviously, but generally comfortable that I will make good eventually. At week's end, Italy and Spain ratings cut by Fitch (+Portugal negative watch, ... Comment - Like
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