Archive for April, 2008
Wednesday, April 16th, 2008
The Failed Auction Revsited
I thought a great place to start the blog after Mumbai would be the ES. I have two issues on the line:
My comments on the the Failed Auction at 1372. (http://tradingsuccess.com/blog/failed-auctions-a-behavioural-parameter-of-the-market-profile-297.html)
My comments that tonight’s CPI will exceed expectations (http://tradingsuccess.com/blog/more-of-the-same-293.html)
Let’s take a step back and review the longer term price action. Figure 1 shows the 12-m […]
2 Comments » - Posted in Written Plan by ray
Tuesday, April 15th, 2008
Potential and Capability
Back in Singapore after the Mumbai trip.
A short entry tonight; I’ll reply to all the comments tomorrow. Tonight, I’d like to comment on a question that was asked of the panel (see Figure 1): Can anyone be a trader?
One of the panel replied in the negative. The panelist argued that not everyone has the temprement […]
2 Comments » - Posted in Miscellaneous by ray
Monday, April 14th, 2008
Hi from Mumbai
Hi All
My apologies for missing the blog on Friday - Internet woes. The blog will be back to normal on Wednesday.
An episode in Mumbai serves as the basis for this blog.
The first was the comment by a local educator that in ‘day-trading, stops are for losers’. Hmm…I could see what he was getting at […]
8 Comments » - Posted in Miscellaneous by ray
Thursday, April 10th, 2008
Test Open in the ES
Ryan asked whether the opening on April 8 was a test-open. In my view it was not.
A test-open is second only to the drive-open in terms of exhibiting conviction. In the case of the test-open, the market is unable to find activity in one direction, reverses and finds activity in the other direction. There are […]
3 Comments » - Posted in Written Plan by ray
Wednesday, April 9th, 2008
Failed Auctions - A Behavioural Parameter of the Market Profile
Before I begin tonight’s blog, some news: until Wednesday April 16, my blog may be a little late and a little light. I am speaking in Mumbai ( see http://www.theatic.net/2008/speakers.php) and I am not sure what the Internet connections will be like. The mobile phones (cell phones) connections are not that great.
As Figure 1 shows, […]
4 Comments » - Posted in Written Plan by ray
Tuesday, April 8th, 2008
The Paradigm of Success
Nowadays, there is a tendency among trading coaches to diminish areas outside the province of their expertise: those who specialize in psychology will claim this is the most important; those that deal with money management stress its critical role; others focus on the having of a written plan with an edge.
One reason I like Dr. […]