follow up: POT

                             
                                maximum intraday heat was less than 1% or 38 cents

Happy Holidays

actionable: POT

~ one could Buy here and now @ 40.00 with a fail-safe Stop @ 39.49 and the first Target around 200 DMA, now @ 41.95
anticipating first cross trade, we have a higher high in place, and now a first pull back to support at 10 week MA under development, and possible higher low
Risk Reward Ratio = 1/4 for the first 1/2 and if achieved a new fail-safe-stop will be @ B/E for a runner


The information contained herein is for educational purposes only and is not, and should not be construed as an offer to hold, sell or an offer to buy any securities.

<a href="http://www.hyipdata.com">http://www.hyipdata.com</a>

Drawdown is something . . .

For me, trading is all about mastery: the mastery of markets’ complexities and the numerous challenges of self-mastery. From the perspective of mastery, every drawdown is something to be embraced. Drawdowns tell us that we have lapsed, either in our market mastery or in our self-mastery. Perhaps markets have shifted regimes and are responding to new factors, perhaps we have failed to remain consistent in the best trading practices that generate ideas, translate them into trades, and manage those positions. Either way, losing money has a purpose, to make us better. It does not have to be a threat to self-esteem, it can be an opportunity to expand and grow oneself.

Question ? Do we get a Santa Rally or does the Grinch step in !

Like usual, I'll take my clues from the price action and the chart patterns that develop as we go and virtually ignore most everything else.

awareness seems to solve things

"Theory is good for the intellect, but action is good for the soul. It's also good for your mental health, your physical health, and your pocketbook."
- Robert Ringer  

http://etradingrealtime.blogspot.ca/                         

S&P 500 cash

Trend is sideways. Status in bullish. Price is on a four day run.

Futures contract, chart below, showing a reversal bar today, around resistance area, suggesting a possible pullback.

There is no rule that say you must ( play ) be in the market.

"First, do not be invested in the market all the time. There are many times when I have been
completely in cash, especially when I was unsure of the direction of the market and waiting
for a confirmation of the next move." - Jesse Livermore

Why genius truly is more a function of perspiration than inspiration.

 Benjamin Bloom, Dean Keith Simonton, and K. Anders Ericsson have studied elite performers, and their research points to a few commonalities across fields. The elite performer is in his or her niche and so has a strong emotional  bond and commitment to self-development. The elite performers are also ambitious: they really care about becoming as good as they can be. Finally, they put large amounts of time into developing themselves. Their practise and work provides them with a sense of “flow”-it doesn’t feel like work to them.
the learning of the elite performer is qualitatively different from normal learning. The normal learner learns to do common things well. But the elite performer learns to do uncommon things. The immersion in learning generates an element of creativity. It’s why genius truly is more a function of perspiration than inspiration.

YUM-in these markets you have to be nimble and decisive- Stay Flexible.

pre market news: consumer shares and YUM shares are lower in today's pre-bell session. YUM reconfirmed its full year 2012 EPS growth forecast of at least 13%, or $3.24 per share, excluding special items. The analyst consensus is $3.28 per share, according to Capital IQ.

The Trend Rider: yum

The Trend Rider: yum: I have come to respect “gaps” in my nearly twenty years of watching markets; when they happen (especially in stocks) they are usually...

YUM story

self-explanatory

UNG story

there is a story: A man have a 100,000 account. He divided the account in four equal parts (25,000). He bought  UNG 1100 shares*22.00=24,200 and had fail-safe stop at 21.60. for a total risk of 440.00 or 1.76% on a part OR  risk of  0.44% of total equity. Next.

trading

It's kind of fun to do the impossible.
Walt Disney

UNG was up 2% today

remember: 70% or more of breakouts fail

actionable; follow up on UNG

                               resistance becomes support .....

The information contained herein is for educational purposes only and is not, and should not be construed as an offer to hold, sell or an offer to buy any securities.

an idea: etf-UNG and/or futures-NG, but remember an idea is not the same as the plan.....

 for trend riding stalkers : possible trend change

when trading...

"Your present circumstances don't determine where you can go; they merely determine where you start."
~ Nido Qubein

DJIA is flirting with 13000 area

first time since April, confirming the downward line of least resistance

Why do I coach ?

In 2005. I had an opportunity to pass some of my knowledge along to other traders. It turned out to be the perfect combination, trading and being able to teach others. I was able to give back, similar to the mentors and coaches that had helped me in my trading career. One thing I enjoy doing is helping others and another one is trading. Jumping into those tracks set me on the path to finding something that gives every fiber of my being a purpose. Trading is not glamorous, it is boring, it is lonely, it is not easy, but there is nothing else I would rather be doing. If at any point you have any questions or do not understand something or question what I wrote please feel free to send me an email: mtci@telus.net

Who is stopping you now?

"The question isn't who is going to let me;
it's who is going to stop me."~ Ayn Rand

recommended reading: Atlas Shrugged 

follow up on YUM

The Trend Rider: actionable: yum now

The Trend Rider: actionable: yum now: Over the door to his office Thomas Edison had written: "There are no rules here - we're trying to accomplish something."  daily v...

The Trend Rider: yum

The Trend Rider: yum: I have come to respect “gaps” in my nearly twenty years of watching markets; when they happen (especially in stocks) they are usually ...

taking a look at S&P cash

we have lower highs and lower lows in place, the line of least resistance is downward

As you reflect on your trading this weekend consider folowing saying

"The definition of insanity is doing the same thing over and over and expecting different results."

Happiness.

"Happiness is permanent. It is always there.
What comes and goes is unhappiness.
If you identify with what comes and goes, you will be unhappy.
If you identify with what is permanent and always there,
you are happiness itself."
 ~ Poonjaji

RIP Pikachu.

Let Go of the Results: You really have no control over the results, you have control over the action.

Your goal is to trade and to trade well!  Money is a by-product of trading well.  A very interesting thing starts to happen when you focus on trading well.  Your profits will start to add up a lot faster than they did when making money was your primary goal.  This is simply because traders who focus on trading well cut their losses and let their winners run.  They protect their capital and leave unnecessary risks to others.  They recognise a choppy market and sit on their hands and don’t trade.

Traders who trade well let the market come to them.  They are extremely patient and disciplined.  They wait for the setup and an entry point.   If that setup and a trigger don’t come along they wait for the next one knowing that another chance is just around the corner.  Once in the trade, they mechanically and methodically manage their position, taking profits at specific points, and moving their stop loss to protect their investment.

Traders who trade well don’t trade simply for the excitement of the trade.  They don’t trade out of boredom or when they are sick or tired.  They don’t trade especially if they have stress in their life, believe me I paid a big price and I know this one very well personally.  
Successful traders have a plan and a set of guidelines they follow.

They focus on what they can control, and that is their action.

where the bulls are now

actionable: yum now

Over the door to his office
Thomas Edison had written:

"There are no rules here - we're trying to accomplish something." 

daily view

hourly view

The information contained herein is for educational purposes only and is not, and should not be construed as an offer to hold, sell or an offer to buy any securities.

yum

I have come to respect “gaps” in my nearly twenty years of watching markets; when they happen (especially in stocks) they are usually very important. Notice volume.

When trading......

Mistake.......... what to do with it.

"A man who has committed a mistake and
doesn't correct it, is committing another
mistake." - Confucius

Making mistakes is part of trading. Successful trading is all about minimizing making mistakes and correcting mistakes right away as you realize you have made them. When you can do that consistently your trading will improve materially.

Silver near new resistance area.

Want to be a champion ?

Waitzkin is a philosopher of excellence — a deep and articulate thinker with intimate knowledge of victory and defeat. The Art of Learning is a description of his competitive journey through the highest levels of chess and martial arts.
More than that, though, The Art of Learning is a powerful collection of ideas and insights on how to learn, compete and evolve… how to tap creativity under pressure… reach for more... and how to become a champion.

follow up SWHC and RGR

YOUR CANADA DAY PRESENT, THANK YOU!

trading

the trading game

 When I lose I'm really excited about all the alterations I can make and everything I can learn from the data of my game.  I'm ready to go.  I'm ready to really fix this and make it strong for next day based on what I see in the data---all the things I can do differently.  But when I win I get a kind of feeling of being invincible, there's nothing really left to correct, I only need to show up next day.  And I don't like that.  I get upset with that attitude, so I'm worried when I win about how to keep the intensity and how to keep myself focused. 

Life.

There are 24-hours in the day, what do you spend the most time doing?  If it's not doing something you love, it might be time for a change. Trading, playing music, riding my bike, and helping others are my favourite things I like doing.

10,000 hour rule for trading

             
                  http://www.youtube.com/watch?v=Kq2n1Jlx5P0&feature=youtu.be

guns and only guns

click to enlarge

     
  for your further research;   RGR and SWHC

trading secret

  If you were created in the image of your creator, then you were meant to create. It's as simple as that. All the instincts are already in you. You have it in you to become a trader millionaire or whatever you want to become financially. It's in you. It isn't outside of you somewhere, in the latest hot system. It's inside.

stalking

time off

from a song;
You can spend your whole life
building something from nothing
One storm can come and
blow it all away...Build it anyway.

You can chase a dream
that seems so out of reach
And you know it might not
ever come your way...Dream it anyway.

trading

This is very much applicable to trading. We don't need many setups to make a living trading, all we need is one good setup executed properly over and over again.

Return of the Mac

good artical in the economist today
http://www.economist.com/blogs/freeexchange/2012/06/purchasing-power-parity?fsrc=gn_ep

wmt

                 click on the chart to enlarge it

The market is the one place where following trends and not making them is cool.

cliambing the wall of wory

thoughts are things

“A Native American elder once described his own inner struggles in this manner: Inside of me there are two dogs. One of the dogs is mean and evil. The other dog is good. The mean dog fights the good dog all the time. When asked which dog wins, he reflected for a moment and replied, The one I feed the most.” 
- George Bernard Shaw

trend followers, April, and YTD

Organisation / Fund	Return	YTD *	AUM **
Abraham Trading1	1.69%	-5.16%	$484M
Altis Partners2	0.59%	-1.21%	$1,307M
Aspect Capital3	0.88%	1.63%	$6,827M
Beach Horizon4	-0.22%	-7.96%	$890M
BlueTrend5	3.71%	0.67%	$14,021M
Campbell & Company6	0.80%	3.63%	$400M
Chesapeake Capital7	2.17%	-2.03%	$794M
Clarke Capital8	0.89%	3.16%	$34M
Drury Capital9	-0.25%	8.00%	$407M
Dunn Capital10	2.77%	-8.15%	$309M
Eckhardt Trading11	1.71%	2.23%	$490M
EMC Capital12	0.63%	4.27%	$101M
Graham Capital13	0.61%	2.06%	$3,498M
Hawksbill Capital14	-0.15%	-2.23%	$97M
Hyman Beck & Co.15	-1.85%	-8.07%	$427M
JWH & Co.16	-1.23%	-18.26%	$109M
Man AHL Diversified17	-0.25%	-3.66%	$15,000M
Mark J. Walsh & Co.18	0.44%	-5.66%	$114M
Millburn Ridgefield19	1.42%	-5.12%	$889M
Rabar Market Research20	-0.32%	-1.76%	$258M
Saxon Investment21	-0.38%	-0.40%	$191M
Sunrise Capital22	-1.09%	-2.64%	$635M
Tactical Investment Mgt23	0.99%	-6.24%	$102M
Transtrend24	0.55%	3.07%	$7,534M
Winton Capital25	0.12%	-0.74%	$28,840M
Summary Figures***	0.57%	-2.02%	$83,758M

have a great weekend !

Thank you, Lord, for what you've done for me
Thank you, Lord, for what you're doing now
Thank you, Lord, for ev'ry little thing
Thank you, Lord, for you made me sing
~Bob Marley

Dow Jones is now down for the year, hmmmm

May, worst month for Nasdaq in two years, hmmmm

what is right, and what is wrong, and who the F... decides?

and what are the consequences ?

S&P after the pit session close

follow through to downside is expected, but keep in mind Friday is first of the month and a jumper trade is possible

Remember the mind grows strong through use. Struggle makes power.

Napoleon Hill liked to tell a story about his grandfather, a wagon builder in North Carolina. "When the old man cleared the land for cultivation, he always left a few oak trees in the middle of the field at the mercy of the elements, unsheltered by other trees in the forest. It was from those trees that his grandfather made the wagons’ wheels. Because they were forced to struggle against the fury of nature, they grew strong enough to bear the heaviest load. Welcome difficult challenges, for the greatest opportunities will come from challenges that force you to expand your mind as you search for creative solutions. During life’s bleakest hours, take solace in the face that you are strengthening yourself through struggle so that in the future you will be prepared to take on even greater challenges. Like the old oak tree, you grow strong only when you are forced to struggle."

Leadership

Leadership, click to enlarge

looking at the week ahead

                         

through an analysis of S&P emini futures contract   

                  

                                     http://etradingrealtime.blogspot.ca/

trading secret, hmmmm!

looking at the week ahead

The path of lest resistance is downward and more down is expected, but we are  oversold, so there could be a swift bounce towards 

20 ema area, and then resumption of downward move.

FB

it may take some time, but it is possibly a profitable strategy trading an IPO

ZNGA, here we had similar situation and achieved measured move up after b/o of first day trading day

markets now

The decline from high to low is close to 9% now, and we can start looking for signs of buyers, but we need to wait for that to happen not anticipating just following price action. The price is never to high or too low. Possible little crash before things turn around and longer time frame players come to play.

markets