S&Ps after the pit session close on Monday

Trading range.
Although a big picture top appears to remain in place, I'd
still avoid making any big picture decisions. As usual, take things
one day at a time.

Monthly view.

ES trading below last month low 1352.50, after seven month having higher lows. It is an important area, if price accepted,  it changes the market monthly one-time framing auction. Therefore, until there is convincing upward movement back above April's low 1352.50 the downside correction is in place.

"If you don't like the life you've lived, imagine a new one."

"Here's an exercise I learned from Dr. Nathaniel Branden when I was his client for some badly needed, just-in-time psychotherapy: Draw a line on a piece of paper. On the left end of your line put a letter B for birth. Then at the right end of the line put a big letter D for death. Then find where you are now. Don't over-think, just draw a downward slash line somewhere between B and D and have that be your now. How much life is there left? Between your slash and D? Does it scare you to look at that? Don't let it scare you. Just let it remind you that if you want to do something wonderful, it's now or never. Rise up above that linear line! Create a new memory and act on it. Shift your mind. Watch what happens to the world around you."~Steve Chandler

Now do the exercise and see, what does it do for you. Think.
Uprise Now.

Karlovac.

"Nekada davno,

prije postanka svijeta i vijeka,

dok su samo magle vladale Zemljom,

a vjetrovi i sunce harali visinama,

u dubinama močvare uz Kupu, Koranu, Mrežnicu i Dobru

kucalo je srce budućeg Grada."

click to enlarge

What now.

Honouring your stops, trailing your stops, taking partial profits,
waiting for entries on new positions, and being patient and
selective, will go a long ways to keep you on the right side of the market.

Search For Meaning

Today I'm thinking about dying,

today I'm thinking about living,

and now, I'm smiling realising, 

without asking for anything 

we got everything,

one up rise, one down rise

and till the last breath,

Now Time to live in.

.~Miro 

B.C.Northern Capital, today

               click to enlarge,  picture taken by Kyle from Travelling Man Productions
             
                   Prince George neighbourhood by historic trail and Fraser river.

in spite of the blues, up 11.97% today

                                 observe volume      click on the chart to enlarge it

markets now

trend is up, 
but liquidity and confidence, in ether direction,  remains low

money

"If you think you can buy your way into heaven with money alone, you may regret that you did not convert it into good deeds instead."


Money is necessary in this life, but not the most crucial, and we should always keep in mind one's most precious possessions, People.
Fulfilment comes from serving others. Right livelihood is a communal activity in which a person shares his unique gifts with the world. Life is mostly about working through problems so one can serve others, and serving others is one of the most essential element as without it life is meaningless.

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.