intraday S&P on 10 strongest employment report days

Groundhog Day

Phil  proclaimed :

As I look at the crowd on Gobbler's Knob
Many shadows do I see
So six more weeks of winter it must be!

a trend following idea

S&P model

If S&P futures does not trade 4 points into the gap by lunch, model says it should trade higher in the afternoon. Watching for lunch time consolidation, pullback, flag, low ticks as a way to get in. 

Doesn't always work out that way, but its a game plan in place.

trading stop-loss

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

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.