Saturday, 4 February 2012

buckle up !



@ it's time to remember : prices fluctuate, and of course February 7th is Full moon




trading support and resistance



"Don't take life too seriously. You'll never 
get out of it alive." - Elbert Hubbard

Thursday, 2 February 2012

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!

Wednesday, 1 February 2012

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

Monday, 30 January 2012

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.

Wednesday, 25 January 2012

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.