The combination of the death of OBL and the overseas selling of silver will make the mornng session a roller coaster ride. Spot silver is already well off its overnigfht bottom, but its a certainty that there will be another selling rush at the open. Cool hands will be buying, as the economics of silver […]
Category: Markets
Market breakthrough finally
SPY finally broke thru 135 for the first time since mid-Feb. It remains to be seen if it can hold above 135, but its been knocking on the door for weeks. SLV had its first day of pullback in recent memory. All the metals futures are up and so it remains to be seen how […]
A belief mapping exercise concerning intraday trading
Stream-of-consciousness belief-mapping exercise on initial stops, moving to no lose, and intraday trade strategies Small fast losses are an expected result in my intraday trading because I am specifically looking for reversals that explode, with tight stops. Where I buy them, if they don’t reverse and pop, then normal behavior is to continue the selling […]
Silver futures weakness
uncharacteristic weakness in the silver futures overnight, stabilizing after down $2 oz; this is about a 4.5% discount; i’d be surprised if voume didnt come in to buy silver on sale and erase the deficit Related articles Silver surges to 31-year high, gold hits new record (telegraph.co.uk) Silver Flirts With $50 (online.wsj.com) The S.L.A (Silver […]
The effect of learning preference on stress management in peak performance moments
http://www.wired.com/wiredscience/2010/09/the-tight-collar-the-new-science-of-choking/ interesting use of the auditory channel to improve performance when under stress i do the same thing with the use of drum solos to help me concentrate when trading at key moments in the trading day classic chokes — appear to rise from the process known colloquially as “thinking too much” or “paralysis through […]
Tortoise daily trading plan review, Apr 24, 2011
http://www.youtube.com/watch?v=FkHEL2PUNrw daily trading plan review Market in Bull Normal; Market is Overbought on a short term basis Equities have stalled vicinity the previous swing high, with signs of confidence in emerging mkts and Asia beginning to emerge. Precious metals, commodities, energy of any type are dominating, especially silver Rebalancingproject: Monthly rebalancing : next re-evaluation on/about […]
Weekend report review, Apr 24, 3011
http://www.youtube.com/watch?v=xEW0MFUB8mc Tortoise weekend report review. There are quite a few good opportunities now in the US techs, while silver and the commodities continue to dominate. CAT is a leader which pulled back sharply to create a tradeable moment; Any strength in emerging markets and Asia less Japan should be reinforced Related articles The Plutonium Report: […]
Sharing my BrainMode power report
wanted to share out my BrainMode power (BMp) report. BRAIN MODE power for Professional Development for Ken Long Quite a few folks had expressed interest in learning more about BMp, so I thought I would share mine and how I will use it in my trading practice As/if you read further, Notice the auditory, visual, […]
Chatroom reflections on analyzing new ideas
In the chatroom, we were discussing what to do if your target symbol in the 551w system (a system we like) gapped above your mechanical entry (a price we define as an entry in the non-discretionary ruleset), which led to this stream of consciousness dialogue: As an exercise, take a sheet of paper and […]
the next knee-jerk reaction
now i suppose there is a good reason why Obama, who has been silent in public on his reasoning and authority to committ the US to another war in the Middle East, has now decided, in the face of pressure to address the nation. The most obvious reason, ie the latest tap on the knee, […]