not late

The Trend Rider: POT:                                                  

Energies appear to be bottoming here, but it’s too early to call a bottom. Trade what you see, not what you hear or think or fear. Wait for signals.

liquidity in Euro curency futures falls off a cliff

                                    black line

trading

“You develop some ideas, go forth into the market and try some things. Over time, you build up experience this way. (Profitable or unprofitable, it’s still experience.) Then, having accumulated that experience, you step back to examine and theorize. You analyze what happened and why. You think about the strengths and weaknesses of what you just tried. You start to develop a new round of ideas. You get a sense of where the holes are in your capability, where the most profitable areas of exploration might be.”

“Progressing forward as a trader is a matter of filling in knowledge gaps and connecting abstract concepts with vivid memories of real world application. The absolute beginner is so void of experience he has no idea where his gaps even are. At the point of starting out, all trading knowledge is a swirl of hypotheticals. The trick of advancement, then, is to go back and forth between theory and experience, theory and experience, in a regular intertwined dance.”

the real price of oil

"top traders are very smart, insightful and very hard working, and very organized"

are you?

http://www.dailymotion.com/video/x27411x_trader-the-documentary-featuring-paul-tudor-jones_videogames

Canadian venture market bottoms from 1981 to 2014

http://www.visualcapitalist.com/look-feel-canadian-venture-market-bottoms-1981-2014/

uso

After double, then triple the average volume, and a double the average daily range, closed good, possible reversal

after studying, stalking and strategizing, trading is based on plying the best possible scenario using strict money management rules

because in the markets, anything can happen at any time, remember that all the time

trading

keep in mind that most bull channels are bear flags

30min. chart 

#2 twtr

2015 #1 cmcm

30min.~ change

Time, Energy and Money. Each of us has a finite amount of time, energy, and money; you must choose for yourself how you will spend them. That could be a point of focus to a good, reliable method of operating a trading business.

notice volume

POT

                                   daily

                 

iSPY

  as long as we hold above 50 day sma we are in the bullish mode

"trade what you see, not what you think"

BABA at 100

the margin calls are coming in

The future is unknown!

I don't have a clue which way the market is going, nor do I care. One of the best revelations a new trader can get is that you don't need to know which way the market is going to move in order to make money. When I say the market "should" continue to trend to this major support or resistance it is because I actually don't know for sure.

Trading is best done while knowing you are completely clueless. In that way, you can't be wrong, and pride and emotional attachment are not an issue. For those of you that have traded money for some time you know that false pride and emotional attachment is the killer of good trading. Can you see how admitting you don't know the future is liberating?

 It's better to just let price lead and to follow it with a proven trading system.

fishing

like trading, requires a good dose of patience

Chaos and Trading

Keep it simple.

“One of the greatest ways to avoid trouble is to keep it simple. When you make it vastly complicated—and only a few high priests in each department can pretend to understand it—what you’re going to find all too often is that those high priests don’t really understand it at all…. The system often goes out of control.”

got to respect lower highs and lower lows