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*****Each level we reach, each one we test and each consensus signal is significant in trading as it is in life. We tend to look at outbreaks as individual achievements. Usually not many traders or people follow there until after a bit of dust has settled. Or as I say confirmed as not a false breakout. Not everyone is cut out to reach for the stars or highs so only those who have the notion to try and the stamina to try again will succeed at those lofty level.
Additionally when we do take a chance we like to think to equip ourselves for the inevitable failure. In other words we are much harder on ourselves in trading and in life when we fail and subsequently may wish to just be adrift at sea because it's when those failures break when we punish ourselves.
Those who tend to watch at these levels are not insignificant because they are the cautious ones. They are the ones that tend to wait for assurance that their outlook will come to fruition and they look for confirmation before action. Once they are into the trade consensus is reached and the direction is more assured.
Therefore looking for direction it may be wise to consider all points on a compass and expect only change.
Happy Trading, Living and Dancing
Anni
The Weekly Outlook- $DJIA $SPX $NDX Update -
©DayTrading with Anni 2007 - 2013 All Rights Reserved
Thursday, June 13, 2013
Monday, June 10, 2013
The Weekly Outlook - $DJIA $SPX $NDX ~ Nothing Can Be Done?
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*****When markets will not react to news and economic data in a historic fashion, you know there's some major manipulation going on. When that happens, predictability goes out the window and possibllities arise which normally would not be considered. That is what's been happening realistically in the markets for several years and it will not soon, if ever, change.
The world has now become used to the idea that all problems can be fixed by one government or another, patched by one international monetary regulatory agency or another, to make you believe that all is possible and no one will suffer the consequence. All make believe except to those who pay at the real markets: food, gasoline, heating oil, transportation, sales taxes, value added taxes etc. Evidence of the rising is all around at the entertainment venues and restaurants. They are not as crowded, and tickets are more likely to be had at a discount, even for free. Promotions last longer too, or some previously successful events are cancelled for lack of attendance. People are voting with their dollars in other ways too but not often where it really counts.
One does not have to look very far to have seen the creeping inflation which is getting harder and harder to hide by monetary policy manipulations, hence now they are beginning to hedge. Of course those of us who have been keeping an eye on the money markets and the real markets could not help but see the dollar being more and more diluted and consumer necessity prices more and more inflated. If you cannot see it, you have not been shopping or paying your own bills. Unfortunately, once this type of manipulation takes place, nothing can be done. Everyone blames everyone else for greed and wants more for themselves in form of wages, taxes or bonuses, all the while ignoring their own hand in the creation.
We all create our own reality, whether we do it directly or indirectly in a voting booth, it takes courage to face what we have created but the sooner we do, the sooner we can learn from the mistakes and correct them. Doing nothing will only prolong the inevitable, although your children won't know it.
What does it take? Price too high, don't buy, which is easier said yet it's how it's done. Don't demand that raise, it contributes to diluting the dollars you get and inflating prices you are willing to pay with your seemingly more income. Unfortunately it would take a large number of people to create the consensus since everyone is in pursuit of the imaginary wealth. Hence yesterdays millionaires are today's billionaires and there are more millionaires than ever, but it's still not enough. Caution about who's got the wealth and reminder about what is wealth falls on deaf ears, but let's not get crazy with that because "yesterday" $25k would have been enough to live very comfortably and today, well, $250k is not enough to the same group.
One thing is for certain, inflation eventually will take more bite than gives love and, in the longer term, it's what robs one of real wealth and puts us into slavery.
Happy Trading, Living and Dancing
Anni
The Weekly Outlook - $DJIA $SPX $NDX
©DayTrading with Anni 2007 - 2013 All Rights Reserved
The world has now become used to the idea that all problems can be fixed by one government or another, patched by one international monetary regulatory agency or another, to make you believe that all is possible and no one will suffer the consequence. All make believe except to those who pay at the real markets: food, gasoline, heating oil, transportation, sales taxes, value added taxes etc. Evidence of the rising is all around at the entertainment venues and restaurants. They are not as crowded, and tickets are more likely to be had at a discount, even for free. Promotions last longer too, or some previously successful events are cancelled for lack of attendance. People are voting with their dollars in other ways too but not often where it really counts.
One does not have to look very far to have seen the creeping inflation which is getting harder and harder to hide by monetary policy manipulations, hence now they are beginning to hedge. Of course those of us who have been keeping an eye on the money markets and the real markets could not help but see the dollar being more and more diluted and consumer necessity prices more and more inflated. If you cannot see it, you have not been shopping or paying your own bills. Unfortunately, once this type of manipulation takes place, nothing can be done. Everyone blames everyone else for greed and wants more for themselves in form of wages, taxes or bonuses, all the while ignoring their own hand in the creation.
We all create our own reality, whether we do it directly or indirectly in a voting booth, it takes courage to face what we have created but the sooner we do, the sooner we can learn from the mistakes and correct them. Doing nothing will only prolong the inevitable, although your children won't know it.
What does it take? Price too high, don't buy, which is easier said yet it's how it's done. Don't demand that raise, it contributes to diluting the dollars you get and inflating prices you are willing to pay with your seemingly more income. Unfortunately it would take a large number of people to create the consensus since everyone is in pursuit of the imaginary wealth. Hence yesterdays millionaires are today's billionaires and there are more millionaires than ever, but it's still not enough. Caution about who's got the wealth and reminder about what is wealth falls on deaf ears, but let's not get crazy with that because "yesterday" $25k would have been enough to live very comfortably and today, well, $250k is not enough to the same group.
One thing is for certain, inflation eventually will take more bite than gives love and, in the longer term, it's what robs one of real wealth and puts us into slavery.
Happy Trading, Living and Dancing
Anni
The Weekly Outlook - $DJIA $SPX $NDX
©DayTrading with Anni 2007 - 2013 All Rights Reserved
Thursday, June 6, 2013
The Daily Note - $AAPL ~ A Matter of Trust, Part VII
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*****In plain simple terms, trust requires vulnerability therefore it's not without cost. Whenever you place your trust in someone or something you become vulnerable to being betrayed. We tend not to think of it in those terms but it is the most we can give and it's also the most open that we can be toward anything or anyone.
Regardless of the danger, it's in the open trust that we learn and receive the most in life and where we feel the most alive. Truth is we want to trust and feel that utmost vulnerability that we felt as children. Our free spirit comes out to play again, and we like to leave ourselves open because we like the feeling.
As traders we trust our platforms to deliver the information in timely and accurate manner. We trust our equipment not to fail and we trust the service providers to deliver what we ordered. We are vulnerable to one or all of those failing and if the fix is not prompt our trust is tested even more. Yet it's the least of our problems. We look to trust in what others are saying and we look to trust what they say is true.
Trust flourishes with feedback, once proven to be good, we rely more on the trust that gives us the positive, because it's what we received from our parents. When I talk about what I see on the charts, I ask that you trust in what I see, in a way. If you can't see it you may ask questions, and in this way may become more aware and open to my opinion to the point of trusting what I talk about. Along the way you may learn to read the charts as well or even better, and thus the trust is complete.
We also have to remember that trust in others does not mean giving up trusting in ourselves, it just means we cannot do everything and need to rely on others to help complete us. Which leaves us vulnerable but satisfied and at the same time open to new experience.
From the Bodyguard:
Happy Trading, Living and Dancing
Anni
The Daily Pick - $AAPL PatternTalk
©DayTrading with Anni 2007 - 2013 All Rights Reserved
Regardless of the danger, it's in the open trust that we learn and receive the most in life and where we feel the most alive. Truth is we want to trust and feel that utmost vulnerability that we felt as children. Our free spirit comes out to play again, and we like to leave ourselves open because we like the feeling.
As traders we trust our platforms to deliver the information in timely and accurate manner. We trust our equipment not to fail and we trust the service providers to deliver what we ordered. We are vulnerable to one or all of those failing and if the fix is not prompt our trust is tested even more. Yet it's the least of our problems. We look to trust in what others are saying and we look to trust what they say is true.
Trust flourishes with feedback, once proven to be good, we rely more on the trust that gives us the positive, because it's what we received from our parents. When I talk about what I see on the charts, I ask that you trust in what I see, in a way. If you can't see it you may ask questions, and in this way may become more aware and open to my opinion to the point of trusting what I talk about. Along the way you may learn to read the charts as well or even better, and thus the trust is complete.
We also have to remember that trust in others does not mean giving up trusting in ourselves, it just means we cannot do everything and need to rely on others to help complete us. Which leaves us vulnerable but satisfied and at the same time open to new experience.
From the Bodyguard:
Happy Trading, Living and Dancing
Anni
The Daily Pick - $AAPL PatternTalk
©DayTrading with Anni 2007 - 2013 All Rights Reserved
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