emotions are not always subject to reason

W. Clement Stone often says, “The emotions are not always subject to reason, but they are always subject to action!” Determine what you are best at and what you like to do, and develop a burning desire to be the best you can be at it. Then get into action! 

TL still in play for now, and the trend remains upward

Take a note, this coming week the focus is on the Friday's Jobs report.

hope you enjoy the music and the trend riding

http://www.youtube.com/watch?feature=player_embedded&v=LiE1VgWdcQM

"YOU DON'T NEED TO KNOW WHAT IS IT GOING TO HAPPEN NEXT IN ORDER TO MAKE MONEY"

Success in the markets has nothing to do with predicting what the market will do. Instead, it has everything to do with GOING WITH THE FLOW of what the market is doing, ACTING on your edge (assuming you have one), and EXECUTING your trades, (the good, the bad, and the ugly) properly as per your PLAN.

Today I was asked. Why do you like to coach other traders ?

Well, since I began coaching in 2005 the unique feature that I have been enjoying the most is that it forces me to develop a deeper understanding of why I act the way I do. Before I can explain the procedure to anyone else, I have to have a clear understanding of it in my own mind. Working with others forces me to confront my own beliefs about trading, and in the process, makes me a better trader. That is one of the reasons.
Hope this helps!

THE UP AUCTION CONTINUES

                                                       click on the chart to enlarge it

                                              remember this

One Day At A Time

                                    "TREND IS YOUR FRIEND"

CATCHING A TREND IS THE ONLY WAY TO MAKE MONEY IN THE MARKET

MAKE SMALL BETS UNTIL THERE IS MORE CONFIRMATION AND  THE MARKET PROVES THE POSITION CORRECT

THIS BUSINESS IS MORE ABOUT MANAGING RISK THAN IT IS ABOUT GAINS

YOUR EXIT STRATEGY, ON BOTH GOOD TRADES AND LOSERS, IS MORE IMPORTANT THAN YOUR ENTRY STRATEGY

ENJOY THE TREND RIDING!

Live like you are already dead.

"If you had only one more day on this earth, how much sharper your senses would be. The beauty of nature, the simple pleasures of life, would be indescribably wonderful, and every moment would present an opportunity to spend quality time with your family and strengthen relationships with friends, acquaintances, and business associates. Every thought would be laser-sharp in that highly focused state." 


Today is your last day on earth 
for today’s opportunities,
do not let them pass you by.

after the pit session close

LOOKS LIKE WE ARE GETTING READY FOR A BREAKOUT OF THE RANGE

Fed Day Today

Apple crushes street targets
http://www.reuters.com/article/2012/04/25/us-apple-results-idUSBRE83N19Q20120425

AAPL

AAPL is in focus today, they report tonight after the bell, as Apple goes so goes the market, expecting some explosive move








<a href="http://www.linksmanagement.com">Contextual Links</a>

sometimes you have to start all over

Question about starting a new venture.

A_The advice I would give others in a collaborative effort is to 
clearly define your objectives, make sure you will be fairly compensated for your best efforts, stick to what you do best, keep business structure lean, and don’t depend on others to make it happen.

bear flag in play

                                 or a bear trap

dying to live

Doesn't everything die at last, and too soon?
Tell me, what is it you plan to do
with your one wild and precious life?~ Mary Oliver          

admitting it's hard

"See both sides, manage risk, don't chase
reward, and remember that there's no shame
in admitting it's hard; there's only shame in
pretending it's not." 

Greed and fear have the power to erase even the most well thought out plan and make the smartest people behave silly.

Empathy gap is the main reason behind most trading mistakes. The gap is the difference between how you believe you will act under certain circumstances and how you actually act when the time comes.


for more info read _Extraordinary Popular Delusions

UPRISE NOW

There are some issues today

and I give to truth a greater birth,

and to steadfast faith a deeper worth,

         hungering souls of earth, uprise today.~Miro

SOME NEW ISSUES FOR YOUR VIEWING

click to enlarge

new issues for your re-view _ not a buying or selling recommendation _ for educational purposes

stall above 50dma with a narrow range day and an inside day

Need to be right !

                                                   
                                                        TO BE SUCCESSFUL

IN THE MARKET IT'S MORE IMPORTANT TO BE HUMBLE THAN TO BE RIGHT
MANY TIMES WHAT TRADER NEEDS IS NOT MORE KNOWLEDGE OR A BRILLIANT MIND THAT CAN ANALYSE MARKETS BETTER BUT A HUMILITY TO SEE THE TRUTH, AND KEEP HIS MIND OBJECTIVELY FOCUSED IN THE  "NOW MOMENT"

S&Ps nearing range resistance

Hope remains alive that this week's earnings reports will put a support under the market ahead of next week's Fed meeting. If earnings provide the upside catalyst we should have no trouble pushing back above 50dma and into the prior range.
As of now S&Ps nearing range resistance at 1386.87.

note_how the market closes today is going to be very important indication of the next market move

S&Ps now

Watch for the move back into the prior range above S&P 1386.87, and above the range, expect a move back and above prior highs
OR
 if that doesn't materialise, be ready for a trade below last week's lows, 1351.36 at a minimum.

Earnings season is in full swing coming week.

Options expiration week.

note_ in this low confidence, low volume and high volatility environment, being patient and staying disciplined is very important

Humility

humility = edge

Humility comes when you acknowledge and accept the truth, which is that you don't know what is going to happen next. You can only see clearly the truth of the past and the present _which is prerequisite for successful action _when you look with humility.~Mr.K

"Humility is the solid foundation of all the virtues"~Confucius

Acceptance and Rejection

http://etradingrealtime.blogspot.ca/

S&Ps as of now

                                   short-term view


additional note_ very emotional environment, Wednesday being the biggest loss day for the year and Thursday being the biggest gainer for the year

from the watch list ZNGA

follow up on RENN

weekly view

http://finviz.com/quote.ashx?t=RENN&ty=l&ta=0&p=d

the Swiss two-year went negative earlier today

follow up on RENN

http://finviz.com/quote.ashx?t=RENN&ty=l&ta=0&p=d

trading range is broken_

_further follow through price action confirmation below yesterday's low will put a bearish range break setup in motion

Happy Easter

http://www.tudou.com/programs/view/XH5W4vffBbY/

elite traders

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 practice 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.

bears are coming out

Bears are suggesting that the top is in and we are set for an April crush, but we'll focus on price action itself which still remains within the range (see blog below regarding the trading range).  If this rally is done, the range must be broken first.
Next week earnings season begins and together with this correction will set the stage for some new trading opportunities.

FOCUS ON S&P cash 1400 AREA

S&Ps 1400 HAS BEEN A PSYCHOLOGICAL SUPPORT ON RECENT BREAKS

some interesting chart patterns

flags b/o

                                stair stepping trend then channel

                     

mr. HG breaking TL

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.

Looking for a break of this tight trading range_

_ and any subsequent follow through. The biggest opportunities will occur when we begin to trade out of the range and ether succeed and begin to accelerate or_we trade outside the range, fail, and trade toward the opposite side.