DislikedOn a football note everyone, I am short Crystal Palace and Long Manchester United. C'Mon United!!! Ok, back to the chartsIgnored
Never Ever Give Up!
{quote} Hello Conom. On the contrary, those wicks are telling us there is very little demand left in that area. If and when price returns to that area, it is more likely to break than hold. best wishes
& if you take a closer look at the last tail #4 it has exceeded lower then all previous tails which again confirms almost all remaining Demand/Buy orders are just about eaten up.
Find The Pain Points On Your Chart & Trade Off Those Levels
- #263
- May 21, 2016 11:54am May 21, 2016 11:54am
- | Commercial User | Joined Jan 2016 | 2,682 Posts
Hello everyone
A review of the DAX for my German and European friends.
Best wishes 
A review of the DAX for my German and European friends.
Best wishes
Be careful what you think because your thoughts run your life..Solomon
- #264
- May 21, 2016 11:56am May 21, 2016 11:56am
{quote} Exactly!
Of course he's right. It was a slightly provocative question.
I just wanted to make sure the correctness of my own thoughts. And Akt confirmed them. 
- #267
- May 21, 2016 12:18pm May 21, 2016 12:18pm
- | Commercial User | Joined Jan 2016 | 2,682 Posts
Be careful what you think because your thoughts run your life..Solomon
- #268
- May 21, 2016 12:19pm May 21, 2016 12:19pm
- | Commercial User | Joined Jan 2016 | 2,682 Posts
Hello everyone.
BG - a U.S based stock
best wishes 
BG - a U.S based stock
best wishes
Be careful what you think because your thoughts run your life..Solomon
- #269
- May 21, 2016 12:21pm May 21, 2016 12:21pm
- | Commercial User | Joined Jan 2016 | 2,682 Posts
A friend of mine (A. K.) found getting rid of emotions
thank you Conom.
best wishes
Be careful what you think because your thoughts run your life..Solomon
- #271
- May 21, 2016 2:18pm May 21, 2016 2:18pm
- | Commercial User | Joined Jan 2016 | 2,682 Posts
Be careful what you think because your thoughts run your life..Solomon
- #273
- May 21, 2016 9:48pm May 21, 2016 9:48pm
- | Commercial User | Joined Jan 2016 | 2,682 Posts
Be careful what you think because your thoughts run your life..Solomon
- #274
- May 22, 2016 12:07am May 22, 2016 12:07am
- | Commercial User | Joined Jan 2016 | 2,682 Posts
Hello everyone.
Just before the games begin later today when the markets open.
Allow me to address the issue of the MIND, Money and Method i raised a little while back.
I will start with the Mind
best wishes
BEFORE PLACING YOUR FIRST TRADE, BEFORE EVEN GETTING A TRADING ACCOUNT:
1. What is my reason for trading – Why this? Why not something else like property, my day job etc?
2. What is my goal for trading? – Financial, educational etc
3. What is my personal schema about money – is there enough? Is there too much? Am I afraid of losing it? Have I lost it before? Have I never had it? Is it the root of all evil?
4. What do I expect from trading in terms of returns? – Millionaire in a month, add income to my day job, add to my pension, build wealth? etc
5. What time frame am I looking at to reap my reward from trading? – I expect to reach my goal in a year, a week, a quarter.
Comes from having a process. A process is a defined set of rules/definitions that your refer to in every situation you face in the markets. No guess work, no gut feelings, no “it looks like”.
A new trader and even a seasoned trader gains and maintains confidence from knowing their process and applying it every single time he/she is faced with a price chart.
Break the process down into steps, repeatable steps. Here is an example:
Step 1: Identify trend
Step 2: identify zones
Step 3: Identify Risk
Step 4: P.E.S.T – Position size, Entry, Stop, Targets
Step 5: Execute the idea. Place the trade
Having steps also allows for re-evaluation post trades. If I don’t know what I did how can I continue doing it (if it worked out) or how can I know not to do it again (if it repeatedly does not work out?)
You can always go back and evaluate each step.
Each one may also have sub-divisions. I call them the “hows”.
How do I identify the trend – for example I will use the 50 period moving average
How do I identify zones? – for example, I will look for large moves in price Etc
A repeatable and assessable process…. A R.A.A.P
And that is a rap everyone
I intend to write about assessing the MONEY next
Best wishes
Just before the games begin later today when the markets open.
Allow me to address the issue of the MIND, Money and Method i raised a little while back.
I will start with the Mind
best wishes
Assessing the MIND.
BEFORE PLACING YOUR FIRST TRADE, BEFORE EVEN GETTING A TRADING ACCOUNT:
1. What is my reason for trading – Why this? Why not something else like property, my day job etc?
2. What is my goal for trading? – Financial, educational etc
3. What is my personal schema about money – is there enough? Is there too much? Am I afraid of losing it? Have I lost it before? Have I never had it? Is it the root of all evil?
4. What do I expect from trading in terms of returns? – Millionaire in a month, add income to my day job, add to my pension, build wealth? etc
5. What time frame am I looking at to reap my reward from trading? – I expect to reach my goal in a year, a week, a quarter.
BUILDING CONFIDENCE
Comes from having a process. A process is a defined set of rules/definitions that your refer to in every situation you face in the markets. No guess work, no gut feelings, no “it looks like”.
A new trader and even a seasoned trader gains and maintains confidence from knowing their process and applying it every single time he/she is faced with a price chart.
Break the process down into steps, repeatable steps. Here is an example:
Step 1: Identify trend
Step 2: identify zones
Step 3: Identify Risk
Step 4: P.E.S.T – Position size, Entry, Stop, Targets
Step 5: Execute the idea. Place the trade
Having steps also allows for re-evaluation post trades. If I don’t know what I did how can I continue doing it (if it worked out) or how can I know not to do it again (if it repeatedly does not work out?)
You can always go back and evaluate each step.
Each one may also have sub-divisions. I call them the “hows”.
How do I identify the trend – for example I will use the 50 period moving average
How do I identify zones? – for example, I will look for large moves in price Etc
A repeatable and assessable process…. A R.A.A.P
And that is a rap everyone
I intend to write about assessing the MONEY next
Best wishes
Be careful what you think because your thoughts run your life..Solomon
- #275
- May 22, 2016 1:08am May 22, 2016 1:08am
- | Commercial User | Joined Jan 2016 | 2,682 Posts
Hello everyone.
Here is a bit of fun analyzing the stock of one of the oil companies on the US and world markets. CHEVRON. Ticker CVX.
I use military terms for fun bit. I am fascinated by wars and military treatise as you all know.
That is where the fun ends though. As you know, analyzing the market before placing your hard earned money is not a joke!
I hope it makes some sense.
best wishes
Here is a bit of fun analyzing the stock of one of the oil companies on the US and world markets. CHEVRON. Ticker CVX.
I use military terms for fun bit. I am fascinated by wars and military treatise as you all know.
That is where the fun ends though. As you know, analyzing the market before placing your hard earned money is not a joke!
I hope it makes some sense.
best wishes
Be careful what you think because your thoughts run your life..Solomon
- #277
- May 22, 2016 6:05am May 22, 2016 6:05am
- | Commercial User | Joined Jan 2016 | 2,682 Posts
Be careful what you think because your thoughts run your life..Solomon
- #279
- May 22, 2016 8:57am May 22, 2016 8:57am
- | Commercial User | Joined Jan 2016 | 2,682 Posts
Be careful what you think because your thoughts run your life..Solomon