The greatest counteract to doubt and uncertainty in markets that I know of, is having a systematic process. — Jon Boorman, CMT (@JBoorman) March 17, 2014 Data to traders is like food to fish. We only need a little to get the job done. Too much can be lethal. @TraderMED @canuck2usa — SystemsTrader95 (@SystemsTrader95) […]
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Great chess quotes from Garry Kasparov that can apply to chess, trading, and daily life. You must know what questions to ask and ask them frequently. Questions are what matters. Questions, and discovering the right ones, are the key to staying on course. The top achievers believe in themselves and their plans, and they work
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Last week was very choppy and sloppy and the market could hit a signal intra-day then move fast. Equities as a whole are not under accumulation in 2014 so far they are only be traded in ranges as an asset class. $SPY and $SPX are still negative on the year but have provided plenty of
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@SJosephBurns Where the hell was this list last year??? 🙂 — Scott Lee (@OnClose) March 13, 2014 Making $ every month is either the next LTCM or Madoff: Pick your poison. Every smart trading strategy encounters drawdown. #trendfollowing — Michael Covel (@Covel) March 9, 2014 Backtesting, while important, is not the Holy Grail.
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The 70 RSI level is the intra-day resistance here. $190 $SPY will also likely be a key resistance if we get there. Above the $SPY $190 or 70 RSI we would be parabolic but the odds are against it. The risk/reward is in favor of the downside but momentum after the gap favors a
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@R2RayCFreeman C’mon Plunge!! 😀 pic.twitter.com/FhXBv6kEJU — Ray C. Freeman (@R2RayCFreeman) March 7, 2014 @SJosephBurns seeing a lot of “so far” in everyones comments today. Tells u just how close to being stopped out all of us are lol — Dave Allen (@DaveAllen28) March 7, 2014 @SJosephBurns @pnani456 @BloombergTV I only watch
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Forget the news, remember the chart. You’re not smart enough to know how news will affect price. The chart already knows the news is coming.” -Alan Farley All the would be Geo-political scientist from this weekend can stop trying to anticipate where price goes with this Ukraine situation and just follow price action from here.
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Do not look for a job look for a career, the best way to get up enough trading capital to be a serious trader is to create value somewhere else then save that money to trade with. A career or your own business is the
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2014 so far is not even positive, $SPY is slightly down on the year. 2014 has traded inside a $185 resistance/ $174 support price zone all year being rejected at those level many times. The resistance levels has coincided with all time highs and has been rejected almost a dozen times in the past
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We had a very bullish ‘V’ shaped bounce at the $174 price level right at the 30 RSI level last week that is bullish. We are in striking distance of the $SPY all time high next week. The odds are that we get there next week. This move off the lows has become parabolic
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