The Board Game!

Remember this blast from the past? Welcome to the stock market,as we know it now.Controlled by a few,sure you might pass go,collect your $200's,but land on board walk or park place,and prepare to empty your pockets!

Magic Eight Ball: predicting price movement

Great excerpt from The Disciplined Trader,goes as follows:

"If you want to learn to predict price movement,you don't need to pay attention to reasons. What you need to do is determine how the majority of traders perceive the external conditions in relationship to either their fear of scarcity,or their fear of missing out,or both."

By Mark Douglas

Fed Day Tuesday 2:15

ZZZZZZZZZZZZZZZZ!!

Recognize Failed Patterns

Every pattern has the potential to be negated.

Meet Dagger!

There"s Bulls,there's Bears,and then there is Dagger. Funny note: A cloak and dagger attack is one in which a deceitful, traitorous, or concealed enemy attacks a person.

Other related articles:Here

Lesson

Trust your own setups and act,do not wait for affirmation from anyone!

Taking Note

$BKX took a run thru the psycho 50,only to fail up at 51 and fall right back,yes not at 50 as you would expect on any retest,but slice right back through 50 and below 48 to close at 47.06.Not exactly a sign of strength.

Spy trading near 106 again,not exactly a sign of strength,under 105 and I'll be looking for 101 to break next time,"the real Head and Shoulders" will be quite fun for those unprepared.

AUD/JPY 73 seems to me a critical area if it ever breaks

Oil um,yeah ok next topic. (80-70 rangebound)