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Monday, November 29, 2010

FX Trading

Trends are created when traders are elated or spooked, this are the signs to watch for and is reflected in the aud/jpy chart below. If the bulls are stronger, you buy, if the bears are stronger, you sell.

Why I am so confident to post a Live chart tops and bottoms? I am now Nsync with the market. If I am out of sync, it is disastrous to post or trade.

Trading is simple, but not easy.

"If you want to change your experience of the markets from fearful to confident, if you want to change your results from an erratic equity curve to a steadily rising one, the first step is to embrace the responsibility and stop expecting the market to give you anything or do anything for you. If you resolve from this point forward to do it all yourself, the market can no longer be your opponent. If you stop fighting the market, which in effect means you stop fighting yourself, you'll be amazed at how quickly you will recognize exactly what you need to learn, and how quickly you will learn it. Taking responsibility is the cornerstone of a winning attitude." M. Douglas

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