Disclaimer: This is a legal notice. Please read it carefully in its entirety. It is your responsibility to understand this notice. If you do not understand it, please seek the assistance of a competent advisor.The content in Trend Follower is for educational purpose only. This is not a recommendation to buy or sell any security and no information contained here should be interpreted or construed as investment advice. My opinion is subject to change without notice. Trend Follower will not accept any responsibility or be liable for any investment decisions based on the information discussed here.
Monday, October 31, 2011
Sunday, October 30, 2011
Sample of FX Signals
Extreme price action in a single day is a reversal of trend in FX. It is not 100% correct but if you believed you have conquered your FEAR, and do what you have to do in case it goes the opposite, then you are a good trader.
I myself is amazed on how I bought EUR and CHF at the right day. That I have no explanation as per Sultan of Currencies quote, "Once you were right about the trade numbers, it would hardly be surprising that you would get the direction of the market right. Even dreaming about the exact price levels is not so absurd, because you have an exceptional feel for market swings. "Lipschutz. Market Wizard
"The consistency you seek is in your mind, not in the markets. It's attitudes and beliefs about being wrong, losing money, and the tendency to become reckless, when you're feeling good, that cause most losses—not technique or market knowledge."Mark Douglas
P.D. I am in cash in FX at the moment, waiting for the right time.
P.D. I am in cash in FX at the moment, waiting for the right time.
Friday, October 28, 2011
Green Signals 3
Above Chart March 2009 Bottom, Have been overbought from March to Jun 2009, 4 months straight before a July mild correction, check the volume relation.
Is this the same as October 1987 to 1989 rally???? Two years up with normal correction???
As per wikepdia about Black Monday 1987 crash, "Following the stock market crash, a group of 33 eminent economists from various nations met in Washington, D.C. in December 1987, and collectively predicted that “the next few years could be the most troubled since the 1930s”
"Price is the reality, Intelligence is the appearance."
October 3, 2011 at 10665, can the rally continue??? Just follow the trend and have rules that you will not violate.
as Per Livermore "Remember that stocks are never too high for you to begin buying "
Thursday, October 13, 2011
The Green Signals 2
after sept 30, green signals, whose left behind???
In DJIA history since 1900 to present, short corrections lasting less than 6 months and drop of more than 40%, the lowest pop was 27% (1966 to 68) and the highest 475% 1987 to 2000.
In DJIA history since 1900 to present, short corrections lasting less than 6 months and drop of more than 40%, the lowest pop was 27% (1966 to 68) and the highest 475% 1987 to 2000.
Subscribe to:
Posts (Atom)