Archive for January, 2008
Monday, January 14th, 2008
Apologies
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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3 Comments » - Posted in Miscellaneous by ray
Thursday, January 10th, 2008
A Review of the S&P 01-09-2008 II
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 […]
1 Comment » - Posted in Written Plan by ray
Wednesday, January 9th, 2008
A Review of the S&P 01-09-2008
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 […]
2 Comments » - Posted in Written Plan by ray
Tuesday, January 8th, 2008
Routine & Habits VII: The Routines and Habits
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 […]
4 Comments » - Posted in Miscellaneous by ray
Monday, January 7th, 2008
Routine and Habits VI: The Pyschological Plan
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. […]
3 Comments » - Posted in Miscellaneous by ray
Friday, January 4th, 2008
Routine and Habits V: The Money Management Plan
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 […]