trading

trading

Wednesday, 24 April 2013

“I look for conditions of disequilibrium. They send out certain signals that activate me. So my decisions are really made using a combination of theory and instinct. If you like, you may call it intuition.”
~ George Soros

I would say, market analysis, as many have observed, is an art, not a science.
Action, this is where the rubber hits the road. In the end, however, the "hidden ingredient" for market success is the trader's own instincts or intuition.

Thursday, 18 April 2013

follow up: UNG

We talked about this break out and we are getting it today. What do we need after a b/o ? We will look for a follow through, that's the key now, follow through.
May the trend be with you ~ and you with it.

Tuesday, 16 April 2013

S&P 500 cash

One day at a time, today we got an inside day and can go ether way, and trading back at the top of the range, the line of least resistance continues to be upward.

What to do when in a range?  As the trend rider, there's not much to do when a market is stuck in a range. Manage your open positions and just sit on your hands. If it rallies out of that range-and sticks, then you look to buy. If it sells off out of that range and continues lower, then you look to short. It's that simple. I used the word simple and not easy. If it were easy, everybody would be doing it.