interesting potential

follow up on Gold

"higher"

pullback in an uptrend

often times presents an opportunity to buy with low risk

follow up on Gold

S&P 500

Price poked through the bottom channel line but closed above it and tomorrow we'll see if we get more follow through on downside or we keep on moving up from the TL.

life

http://www.youtube.com/watch?v=LNCo51isnZc&feature=related

follow up on HG_F

JAZZ daily view

                bull flag

change

One's baseline level of loss avoidance can change. After experiencing a recent loss, most traders will become more loss averse. Losses of any kind have this effect - the death of a loved one, divorce, illnesses, accidents, work-related losses, and financial losses - all increase the propensity.

gold - daily downtrend line violated

an hourly view of S&P 500 uptrend channel

like this

"I find for myself that my first thought is never my best thought. My first thought is always someone else’s; it’s always what I’ve already heard about the subject, always the conventional wisdom.

It’s only by concentrating, sticking to the question, being patient, letting all the parts of my mind come into play that I arrive at an original idea. By giving my brain a chance to make associations, draw connections, take me by surprise.

And often even the idea doesn’t turn out to be very good.

I need time to think about it, too, to make mistakes and recognise them, to make false starts and correct them, to outlast my impulses, to defeat my desire to declare the job done and move on to the next thing."



William Deresiewica, former professor of English at Yale, in his lecture to the United States Military academy at West Point in October of 2009.

now

                     Now 20 days rally brought us very close to triangle line resistance.

long term interest rates

                        click on the chart to enlarge it

trading

"Be like a servant waiting for the return of the master" - says Jesus.


The servant ( trader ) doesn't know at what hour the master is going to come ( market is going to move ). So he stays awake, alert, poised, still, least he miss the master's arrival 
( market's move ).

HG_F

trading

You are responsible for the results you get.



Projection makes perception.



You can only trade your beliefs.


We make up the world we live in. As long as we do that, we might as well adopt useful beliefs and live in a manner that makes us effective traders.

what now

divergence

trading

                       
                                      
                          To Win = Go With The Tape



                            TRADE WHAT IS, NOT WHAT SHOULD BE.


                               

trading

“The fruits of your success will be in direct ratio to the honesty and sincerity of your effort in keeping your own records, doing your own thinking, and reaching your own conclusions.The average man doesn't wish to be told that it is a bull or a bear market. What he desires is to be told specifically which particular stock to buy or sell. He wants to get something for nothing. He does not wish to work. He doesn't even wish to have to think.”
-Jesse Livermore

trading

ALWAYS IN CONTROL

NEVER WISHING ALWAYS TRADING 

ALWAYS FIRST AND FOREMOST PROTECTING YOUR ASS/ETS

trading

IT IS WHAT IT IS

DEAL WITH IT

DO NOT FIGHT IT

trading

Staying in the "Now" is very important in trading. Power is found by surrendering to the Now. It is here we embrace our true selves. It is here we discover that "We Can"

2012

                                 Trade and prosper in 2012 !

3-long term bullish patterns in play

inverse H&S pattern

triangle-breakout

pitchfork uptrend in formation

                                                     

                                                             short-term pattern

                                                    C&H pattern

Now - The market needs to follow through soon and trade above last week's highs on some convincing volume. After that is testing and taking out the October highs to help provide positive price follow through of the current bullish technical patterns in place.

Watch for - More weakness and consolidation again this coming week,  especially into January options expiration week, and we could see yet another swing reversal all the way down to the 50dma.

for the week ahead, January 9th to 13th

               

http://www.youtube.com/watch?v=VbhsYC4gKy4