I guess the debate continues as to whether we should be using fundamental or technical analysis. Rhythmic moves like today’s only further exacerbate the dilemma.
Is it possible we need to use both?
I am a student of market dynamics using technical analysis. The extent of my fundamental analysis is rudimentary at best: Is there a report or [...]
Archive for the ‘Resources’ Category
Trade Logic
Posted in Resources, tagged infinity brokers, market dynamics, tom williams, trade logic, vsa on July 22, 2008 | Leave a Comment »
I was at an interesting seminar today. Tom Williams gave a fascinating demonstration of his VSA methodology, sandwiched around the vendor sponsoring the event.
I happen to believe the methodology he discovered is sound, and is a valuable resource to aid us in our understanding of the markets. Their interpretation of the charts gave added credibility to some of my signals, and [...]
Scalper Heaven
Posted in Resources, tagged naturus, range trading, scalping on July 20, 2008 | Leave a Comment »
The early morning Citi news gave the market thrust at 6:30 am, and that was it for today’s excitement. It was range trading the rest of the day as the boys left early for the shores on a gorgeous summer day.
The market threatened to break out several times but lacked the volume to muster an [...]
The Bear roars
Posted in Resources, tagged bear market, plunge, stop losses, trend trading, wolfe wave on June 27, 2008 | Leave a Comment »
The noise you heard today was the crashing of the bulls hopes and dreams.
Umbrella’s were up all day long, and everyone who kept buying the low for a bounce got beaten up pretty badly.
Body bags were issued for all the traders who get it wrong and average in going the wrong way.
Intuition is a trader’s [...]
Summer Solstice
Posted in Resources, tagged momentum, pivot point, reversals on June 26, 2008 | Leave a Comment »
Last Friday was the summer solstice, and there were approximately 30,000 party animals celebrating the event in Stonhenge.
Imperceptibly, but without dispute, we know the longest day of sunlight has already occurred for 2008. We are not ready to plunge into darkness; summer has just begun.
The seed for that season has just been planted.
I like to [...]
The Business of Trading
Posted in Resources, tagged trading business, trading plan, trading rules on May 13, 2008 | Leave a Comment »
Do you have a trading plan?
Is it in writing?
Trading is no more about a single trade than a single time at bat is to a game of baseball.
And your trading plan is what keeps you focused on the bigger picture.
I hate rules in my life; they are confining and restrictive. I must admit, they do [...]
Mini Turtle Soup
Posted in Resources on May 9, 2008 | Leave a Comment »
The boys sure do know how to steal our money.
One of the ways they do this is affectionately known as Turtle soup.
The Turtles are trend followers, with clearly defined rules. They buy breakouts, and stay with the trend as far as it will take them.
Today’s morning action had a headfake short, then pulled back into [...]
Guru Games in the chat rooms
Posted in Resources, tagged emini, experts, guru, traders on April 13, 2008 | Leave a Comment »
The name of the game is subscriptions. Showing how many “points” they score versus lost is the way to capture followers…
Until the real truth comes out within the first month or two after you join. That’s why the turnover rate is so high in these rooms.
If you have tried your hand at learning from the “experts”, [...]
