interesting potential

follow up on Gold

"higher"

pullback in an uptrend

often times presents an opportunity to buy with low risk

follow up on Gold

S&P 500

Price poked through the bottom channel line but closed above it and tomorrow we'll see if we get more follow through on downside or we keep on moving up from the TL.

life

http://www.youtube.com/watch?v=LNCo51isnZc&feature=related

follow up on HG_F

JAZZ daily view

                bull flag

change

One's baseline level of loss avoidance can change. After experiencing a recent loss, most traders will become more loss averse. Losses of any kind have this effect - the death of a loved one, divorce, illnesses, accidents, work-related losses, and financial losses - all increase the propensity.

gold - daily downtrend line violated

an hourly view of S&P 500 uptrend channel

like this

"I find for myself that my first thought is never my best thought. My first thought is always someone else’s; it’s always what I’ve already heard about the subject, always the conventional wisdom.

It’s only by concentrating, sticking to the question, being patient, letting all the parts of my mind come into play that I arrive at an original idea. By giving my brain a chance to make associations, draw connections, take me by surprise.

And often even the idea doesn’t turn out to be very good.

I need time to think about it, too, to make mistakes and recognise them, to make false starts and correct them, to outlast my impulses, to defeat my desire to declare the job done and move on to the next thing."



William Deresiewica, former professor of English at Yale, in his lecture to the United States Military academy at West Point in October of 2009.

now

                     Now 20 days rally brought us very close to triangle line resistance.

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.