Published in January 14th, 2008
Ray is down with a touch a flu. He apologises for the break in continuity and has asked me to tell you he expects the blog to resume no later than Thur Jan 17
Thank You
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Published in January 10th, 2008
I often get asked: “Why do you set out so many scenarios when preparing your trade? Why not create a simple plan e.g. buy at xxxx.xx with a stop at xxxx.xx?”
I answer: “It’s because I don’t know what future will bring”.
By this I mean how a market does something, is at least as equally […]
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Published in January 9th, 2008
I believe we have tipped over the edge on the S&P. In this post, I’ll set out why I say this and suggest some parameters to monitor.
To summarise this blog, the Ray Wave count suggests that we have topped out with a 5th Failure and ‘normal’ technical analysis’ supports the view. The one drawback: The […]
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Published in January 8th, 2008
Well folks this is the biggie. All I have written before in this series comes down to this post.
It’s my belief that participants attending seminars would obtain greater benefit from a seminar if they adopted, for 30 days after the seminar, a set routine to internalize the seminar concepts. At the end of the 30 […]
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Published in January 7th, 2008
What is Winning Psychology? For me it’s a combination of traits and tools that provide the environment whereby a trader consistently executes his trading plan. In this blog, I’ll look at some of the tools at the trader’s disposal.
The first is preparation: whether you are a day trader, or longer time-frame trader, preparation is essential. […]
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Published in January 4th, 2008
The money management plan balances the risk of ruin with maximization of profitability. In other words, it seeks to give us the biggest bang for our investment dollar with the greatest measure of safety: the name of the game is to survive a series of consecutive losses.
The Money Management plan seeks to answer:
What risk shall I […]
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Published in January 3rd, 2008
Today I am going to write about aspects of a discretionary plan. Discretionary plan are first and foremost a reflection of our beliefs about the nature and structure of markets. Someone who believes in the market efficiency theory will use a different plan to someone who believes they are chaotic.
I believe that markets are […]
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Published in January 2nd, 2008
Plans can be fundamentally and/or technically based and if the latter, mechanical and/or discretionary. The fundamental based plans that I know of are all discretionary approaches; I have never seen a mechanical, fundamental plan but that doesn’t mean they don’t exist.
The best place to start is to define my terms:
Fundamental plans are based on inputs […]
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Published in January 1st, 2008
Happy New Year!
“May the dawning of this New Year, fill your heart with new hopes, open up new horizons and bring for you promises of brighter tomorrows. May you have a great New Year” (Anonymous)
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