Looks like a danger signal to me. Not all danger signals are correct, no rules are 100% right, but if you pay attention to them consistently, you will profit in the long run.
trading
Monday, 2 May 2011
" responsibility; ability to respond "
"it is human emotion that always gets in the way of intelligence"
The ability to respond at the right moment, regardless if the trade is going well, not so well, or awful at that moment, is the traders edge and must be a part of the plan. That’s what trading is all about. It is about the ability to make a decision.
The only way that I know of, that works for me, is to be moderate. When my positions are moderate I am emotionally detached, patient, acting in my best interest following my plan.
Friday, 29 April 2011
"consolidating"
"breakouts lead to trends, trends lead to extremes, extremes lead to backing and filling, backing and filling leads to consolidation, consolidations lead to breakouts"
Wash, Rinse, and Repeat.
check blogs, March 31, China capping its annual rare earth output.
April 4, Why can't most people buy the all time high ?
The information contained herein is not, and should not be construed as an offer to sell or an offer to buy any securities
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