A trend-focused trader reflecting on market strategies and personal performance enhancement.
trading
Wednesday, 15 May 2013
"after all, we are in a bull market."
What do we do now? Things look good and markets are banging new highs but there is always something around the corner. The market needs a breather, it needs to breathe in and breathe out, now it's very overbought and best thing to do is manage open positions and wait for a pullback for new set ups and entries. As always one day at a time.
Friday, 26 April 2013
Barron's magazine cover; Dow 16,000!
this chart is from John Hussman, showing a new one and two previous Barron covers and market action, timing is not perfect, nothing is, but gives us a clue of what it could be
follow up: UNG
don't get scared out but be aware of the bigger time frame and what we are doing here, have a fail-safe stop at break even on the remaining position, just in case
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.
~ 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.
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