Archive for September, 2008
Tuesday, September 16th, 2008
ES 09-15-2008 II
Well, the market didn’t quite do what I envisaged. I was looking for a one-timeframe in either direction; instead we had a rotational day until 1:00 PM EST. From that time onwards, a directional move down ensued. The cash S&P closed 1192.70 on very strong bear volume on Market Delta’s footprint charts.
In this blog, I’d […]
5 Comments » - Posted in Market Commentaries by ray
Monday, September 15th, 2008
ES 09-15-2008
I find it interesting that markets are so driven by fear nowadays. I am, of course, speaking of the response of Lehman Brothers applying for Chapter 11. Perhaps this will be the event that will cause the US Stock Market to break down below the congestion range low at 1200.
The 2% to 4% world-wide […]
4 Comments » - Posted in Market Commentaries by ray
Friday, September 12th, 2008
Preparation - The Lifeblood of Our Cash Bank
In these pages I have constantly stressed the benefits of preparation. In this series of blogs, I’ll be examining the nature of preparation and its ramifications.
Preparation begins long before a trade. It starts with identifying our:
Fundamental values - by fundamental I mean the values that make us the unique individuals we are. Our trading approach […]
2 Comments » - Posted in Psychology by ray
Thursday, September 11th, 2008
Soybeans
The Soybeans and Crude Oil have been behaving in text book fashion. Tonight’s blog will take the form of a video - see the link below.
http://www.tradingsuccess.com/download/9-15/9-15.html
In the video I did forget to show you the 13W Maximum Extension. I have attached it here.
Soybeans 13W
One point I want to stress to NOT users. In the event […]
3 Comments » - Posted in Market Commentaries by ray
Wednesday, September 10th, 2008
Trading Mantra
Your Daily Trading Mantra
Cross ref:
http://awanginvest.com/?p=737
September 10, 2008 – 10:36 pm Once more unto the breach - our mentor is winging his way somewhere again…
Since the September seminar is coming up this weekend at SMU, I shall touch on some of the essential habits of success which students would do well to condition themselves to […]
3 Comments » - Posted in Psychology by ray
Tuesday, September 9th, 2008
Plan & Personality
A principle I adhere to my coaching is to attempt to fit a plan to a trader’s personality. It’s not as easy as it sounds but it’s nevertheless an important step. Once we have bedded down a degree of consistent execution, risk management, as well as the other habits of success (e.g. learning from mistakes […]
8 Comments » - Posted in Psychology by ray
Monday, September 8th, 2008
Fannie and Freddie
When Paulson announced the possible intervention, he said it was unlikely that the bailout (read ‘nationalisation’) would be needed. At the time I thought: “Hmm, yeah sure! It’s a question of ‘when not if’.
Well, the ‘when’ has occurred and Wall Street has rallied in its night market.
I used the opportunity to take short positions in […]