Archive for July, 2008
Thursday, July 31st, 2008
AUDUSD 07-31-2008
I’ll postpone the third piece of the Hit Your Target Series to Tuesday August 4 2008.
In this blog I’d like to review the AUDUSD to illustrate that the best trades are those at inflection points i.e. at decision junctures in their technical picture.
This analysis begins after I have completed the right-brain brainstorm. The critical question […]
7 Comments » - Posted in Written Plan by ray
Wednesday, July 30th, 2008
Hitting Your Target II
Yesterday I wrote about the first steps we need to take to achieve our aims: clarify our outcomes and ensure we raise our commitment to the necessary level. This is what I see as the pre-vision and vision stage.
The next phase is to create our goals. In goal formation it’s important:
we define the outcomes of our strategic goals
identify […]
2 Comments » - Posted in Psychology by ray
Tuesday, July 29th, 2008
Hitting Your Target
I wrote a series of blogs on the strategic aspects of attaining trading success - The Essential Strategic Elements for Trading Success and the series on Routines and Habits starting with Routines and Habits . I am ending with Routine and Habits VII (January 2008)
In this blog, I’ll continue the thread by examining the link […]
5 Comments » - Posted in Psychology by ray
Monday, July 28th, 2008
A Review of Four Stock Indicies 07-27-2008
The numbers of visitors from Australia and India have increased dramatically in the past 2 weeks. The US and Singapore still lead but the others are catching up!
In view of this, each Monday I’ll post a chart/charts of the stock index from each of the four countries with a short commentary. The ideas behind the […]
6 Comments » - Posted in Market Commentaries by ray
Friday, July 25th, 2008
The Essential Strategic Elements for Trading Success
Trading success is no different to any other form of success. There are certain strategies that facilitate achieving our goals.
The first of these is VISION. I see ‘VISION’ as a motivational road map that encompasses all of the various facets of our life. Our participation in the markets is but one area of our activity […]
1 Comment » - Posted in Miscellaneous, Psychology by ray
Thursday, July 24th, 2008
Is Atlas Shrugging for the USA?
In ‘Atlas Shrugged’, Ayn Rand described the final stages of the breakdown of a socialised USA.
If you haven’t read the book, I heartily recommend it; it’s on my annual ‘Re-reading’ list.
In ‘Blood in the Streets’ Lord Rees-Mogg and Davidson put forward a convincing argument for a denouement of the USA as the premier world power.
The […]