Emotions

Are you lost in the world of Dynamic Trading?

Not sure whether you are coming or going?

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When the ship is rocking back and forth; when we are unsure of what the market is trying to say, we need some benchmarks to help us navigate difficult and dangerous waters.

Ancient mariners used the sextant and the stars; we use dynamic pivots.

That’s what I mean by sequence trading. It’s a series of course corrections, zigs and zags. I learned it from my Hero, Kevin Haggerty.

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“We are in a Bull Market! the committed (who should be committed) Bulls have defiantly exclaimed over and over.”

Our opinion is that we are in a Bull market within a secular Bear market. Not unique or original; just our view point.

“The problem with Bull markets is that when they turn, many days of gains can be wiped out in a day or two.” Most of this years’ gains were erased in the past two weeks. I made reference to that recently on April 6 by showing how damaging those kind of plunges can be.

Our system is a combination of ideas; and it is not perfect. No system is.  Our Primary work , The Trader’s GPS , combined with a few key tools helps us navigate the sea no matter how violent the storm. Yesterday was a classic example of that and the robust system allowed us to understand what was happening.

Today’s trade was pinpointed from 1136 resistance to test the 1107, and then test 1091.5 as T2. We had 1085 as primary support and warned traders not to get caught between 1092 and 1094. The King of the Profilers wanted 37.5; I would rather he get that and give me entry but was a believer that no one was going to wait for the last two points today and miss a good run to the short side. That’s what I mean by the art of trading and risk/reward ratio. That idea prompted us to tell our members that the 1229 fibo was immaterial to traders who wanted to be in position for this long awaited correction.

Our expectation was to take trend trades short for the first hour, and then to assume range trading until late in the day, with no clue about resolution and a warning not to expect it to plunge. Too many trapped shorts; those who missed yesterday’s move.

The trade logic we explained to our room proved to be deadly accurate today.

This is a game for logic and intuition, and a bit of luck.

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We welcome your comments, suggestions, and ideas. If you enjoy this blog, why not retweet it? I will continue to write it even if no ones else reads it, as it hones my skills.

@Renatrader stopped by and we had some fun…I have met some really nice traders through twitter and I enjoy the spirit of friendship out there.

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“I’m so glad I joined this room!” was said by more than one of our traders today. My pleasure to have these traders who are looking for common sense and hard, objective criteria as part of our team.

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We reviewed the basic ideas of our system today with our members, along with an update of the trade logic. A few Aha ! moments.

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Nine

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Then tell me true…

Happy Mother’s Day to all those great women in our lives. ..

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