Coiling up !

Waiting to see break one way or the other, overall probability still favors an upside breakout. Technically speaking a triangle is continuation pattern. There is a good size move coming soon.

Waiting.

Trading volume is low today, and so far this sell off  is not convincing.

No one is winning so far.

Three patterns to watch.

My steps of visualization used for better trading performance.


1) Sit in a quiet place with no distractions.
2) Close your eyes and clear your mind of all thoughts. (focus on your breathing only)
3) Run through your rules and trading plan.
4) Picture a trade or trades that were profitable.
5) Let the feelings come to you and accept them.
6) Focus on how you feel and what you will do today ( visualize possible scenarios)
7) Run through your rules and trading plan again.
8) Clear your mind.( focus on your breathing only)

Perceptions.

Successful trading often involves doing the opposite of what everyone else

is thinking and doing. If it’s logical, and everyone is thinking the same

way, it’s not likely going to make money. 

The edges lie in looking at the obvious and many times

looking to do the opposite. It helps to have this philosophy…and it further

helps to have the statistics and experience to back it up with confidence.