long term interest rates

                        click on the chart to enlarge it

trading

"Be like a servant waiting for the return of the master" - says Jesus.


The servant ( trader ) doesn't know at what hour the master is going to come ( market is going to move ). So he stays awake, alert, poised, still, least he miss the master's arrival 
( market's move ).

HG_F

trading

You are responsible for the results you get.



Projection makes perception.



You can only trade your beliefs.


We make up the world we live in. As long as we do that, we might as well adopt useful beliefs and live in a manner that makes us effective traders.

what now

divergence

trading

                       
                                      
                          To Win = Go With The Tape



                            TRADE WHAT IS, NOT WHAT SHOULD BE.


                               

trading

“The fruits of your success will be in direct ratio to the honesty and sincerity of your effort in keeping your own records, doing your own thinking, and reaching your own conclusions.The average man doesn't wish to be told that it is a bull or a bear market. What he desires is to be told specifically which particular stock to buy or sell. He wants to get something for nothing. He does not wish to work. He doesn't even wish to have to think.”
-Jesse Livermore

trading

ALWAYS IN CONTROL

NEVER WISHING ALWAYS TRADING 

ALWAYS FIRST AND FOREMOST PROTECTING YOUR ASS/ETS

trading

IT IS WHAT IT IS

DEAL WITH IT

DO NOT FIGHT IT

trading

Staying in the "Now" is very important in trading. Power is found by surrendering to the Now. It is here we embrace our true selves. It is here we discover that "We Can"

2012

                                 Trade and prosper in 2012 !

3-long term bullish patterns in play

inverse H&S pattern

triangle-breakout

pitchfork uptrend in formation

                                                     

                                                             short-term pattern

                                                    C&H pattern

Now - The market needs to follow through soon and trade above last week's highs on some convincing volume. After that is testing and taking out the October highs to help provide positive price follow through of the current bullish technical patterns in place.

Watch for - More weakness and consolidation again this coming week,  especially into January options expiration week, and we could see yet another swing reversal all the way down to the 50dma.

for the week ahead, January 9th to 13th

               

http://www.youtube.com/watch?v=VbhsYC4gKy4

                                   http://www.youtube.com/v/S6N05To9Dy8

                     

Somebody said that it couldn't be done,
But he with a chuckle replied
That "maybe it couldn't," but he would be one
Who wouldn't say so till he'd tried.
So he buckled right in with the trace of a grin
on his face. If he worried he hid it.
He started to sing as he tackled the thing That couldn't be done, and he did it.
Somebody scoffed: "Oh, you'll never do that;
At least no one ever has done it";
But he took off his coat and he took off his hat,
And the first thing we knew he'd begun it.
With a lift of his chin and a bit of a grin,
Without any doubting or quiddit,
He started to sing as he tackled the thing
That couldn't be done, and he did it.
There are thousands to tell you it cannot be done,
There are thousands to prophesy failure;
There are thousands to point out to you one by one,
The dangers that wait to assail you.
But just buckle in with a bit of a grin,
Just take off your coat and go to it;
Just start to sing as you tackle the thing
That "cannot be done," and you'll do it.

by Edgar A. Guest

Gold ETF GLD breaks down through its 200-day moving average for the first time in 3 years

                                                     click on the chart to enlarge it

Is GLD's break through its 200-day moving average a sign that central banks may be too slow to print money (QE)?

monthly view

All Eyes On The Euro.

Question ? Do we get a Santa Rally or does the Grinch step in !

Like usual, I'll take my clues from the price action and the chart patterns that develop as we go and virtually ignore most everything else.

Pay Attention !

"The adage "A picture is worth a thousand words" refers to the idea that a complex idea can be conveyed with just a single still image.

 It also aptly characterizes one of the main goals of visualization, namely making it possible to absorb large amounts of data quickly."