Tag archive for ‘divergence’
Traders and Gamblers, Emini style
I know a number of traders who would give credibility to what most of my friends and relatives think about me: “Trading is for gamblers”.
Is it really?
That, of course, is a rhetorical question, and subject to interpretation, much like the market.
Some people may have difficulty in following my calls, or Mr Hamzei’s (brilliant man), or anyone [...]
The 10 cent trade
A new Bear Market low was made again today.
Sounds like a broken record I know, but that ’s the reality of the price action.
News moves the market these days.
Reminds me of my college days, when we would greet any kind of news with raising a can of beer in a toast.
When President-Elect Obama announced his appointment [...]
Bearly time for lunch
Is the bear eating your lunch these days?
Have you noticed a not so subtle shift in the normal rhythm of the market?
Usually lunch time trading has a much smaller range than the morning session.
Lately, there is barely enough time to grab a sandwhich. The relaxed noon time lunch with a few minutes of welcome summer [...]
Behind the scenes
Lines on a chart are important.
What goes on behnd these lines is more important.
Understanding the emotions of the traders behind these trendines is a key determinant to our success as traders. Hope, Fear, Greed, and Panic are all human emotions that eventualy reveal themselves in the marketplace.
The great Jesse Livermore continually illustrates this “pivotal point” [...]
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