Itisraretoseesomeonehavingsuchastraighttalk.
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ThemarketislikethegameofGOwhereasthegameofGOisplayedonahorizontalboardof19verticalandhorizontallines,themarketgameisplayedinthespacebetweenmyears,onaverticalboardofpriceandtime.AsinGO,whereIplayfromthestrengthofmystonesandintellect,Iplaythemarketfromthestrengthofmybeliefsandvirtues,andtheannihilationofmyvices.IplacemyGOstoneataplaceontheboardwhereitwillcreatethebesttacticaladvantage.Iplacem...[
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Egotisticaltradersandtraderswithfalsebeliefsalwayslose.
Faith:thefoundationofalloutstandingtraders.
Confidenceisrequiredforsuccess.
Disciplinedtradersareconsistentlyprofitable.
Courageoustraderswinbig.
Intuitiondoesn'tmean"intowishing".
Persistenttraderslovetotrade.
Integrity:muchmorethanmerehonesty.
Flexibletradersadaptasthemarketschange.
Fear:ev...[
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Moneyisthemostimportantthingintheworld.Itrepresentshealth,strength,honor,generosity,andbeautyasconspicuouslyasthewantofitrepresentsillness,weakness,disgrace,meannessandugliness.
-GeorgeBernardShaw
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Don’tQuit!
-Anonymous
Whenthingsgowrong,astheysometimeswill,
Whentheroadyou’retrudgingseemsalluphill,
Whenthefundsarelowandthedebtsarehigh,
Andyouwanttosmile,butyouhavetosigh,
Whencareispressingyoudownabit,
Rest,ifyoumust,butdonotquit.Lifeisqueerwithitstwistsandturns,
Aseveryoneofussometimeslearns,
Andmanyafailureturnsabout,
Whenhemighthavewonhadhestu...[
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Godwillnotliftalittlefingerforyou,pleaseknow,becausewhateverhehastodo,hehasdoneit.Hisworkisnotpending.Hehasdoneafantasticjoboverthecreation,isn’tit?Hehasdoneafantasticjob.Thereisnothingtocomplain.Hehasputhimselfintoyou;beyondthathecannotdoanything.Nowyougoonasking,‘Ogod!–Givememoney,givemethat.’Godwillnotdoanythingbecausehisjobisfinishednowitisyourjob.Letussay,youareinthefootballteamforIn...[
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Atradermustunderstandthatastockoranytradinginstrumentcanbeinawidertimeframeuptrendbutbeinshortertimeframedowntrend.Thedivergencewithinthetimeframesiswhatthrowsmanytradersoff.Youalwaystendtohearpeoplesaythingslike:“JustwhenItookmystop,itfinallymovedup,geeez!”Intheseinstances,it’sverylikelythattheshortertimeframeswereinadowntrendthatfoundsupportonthewidertimeperioduptrend.Itisatthispriceleve...[
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Aperfectstormisthesameasa3lanehighwaybutyouhavepupsandminipupson3ormoretimeframes.Apupformationformsafterastockhasbrokenoutandexhaustedbacktothe5-periodmovingaverage.Itmayovershoottothe15-periodmovingaverageandformahammerandthenstalls.Duringthisstallingprocess,thestockhoversnearthat5-periodmovingaveragewhilethe15periodmovingaverageslowlyrises.The5-periodiswherethebearsaresittingandthe15-perio...[
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Thethreelanehighwayiswhenyouhaveatleast3timeframesmovinginthesamedirection.Forexample,a1-minute,3-minute,8-minuteand13-minuteallgoingdownsetsupforastrongerselloff.Eventuallythe1and3-minutestochasticswillbottomfirstandusuallywillbouncebacktoresistancelevelsonthe8-minutefirstandthenthe13-minute.Ialwaystelltradersthatshareallocationisthemostimportantthing.IfyouaresomeonewhoiscomfortablescalpingB...[
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Afracturedsetupisonewhereyouhavelessthan3convergingtimeframes.Forexample,the8and13-minutetimeframesmaybeinadowntrendwithfallingstochasticsbutthe3-minutestochasticsisrisingandup-trending.Theseareverydifficulttotrade.Usually,it’seitherachanneltighteningformingorafurtherbreakdownformingoffthe8/13-minuteresistancelevels.
Atradermightenterafracturedsetuptogetan‘early’entryonareversal.Inthea...[
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