Life relates to trading and trading relates to life. Constantly revealing, unfolding before us as we trade and live, so I write about how my life relates to trading and how I trade the markets. Along the way I share my opinions on anything that evokes my passion or tickles my funny bone trying not to forget that enjoying life is the best part of living.
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*****Sometimes I wonder where some of what I see on the charts comes from. Certainly I have the experience viewing the charts and have the memory of how it may have reacted before, but what about times where I just can't see what the rest of the reported opinions out there in "Twitterland" see. It would take a lot of study to allow for a documented and factual answer, but I think I prefer the version that keeps coming to me from within. Not my brain, but also not without my brain. It's where all is combined and all knowledge is available to be received. Knowing, Seeing, Feeling. It is where total peace is felt with oneself as well as a knowing that all is OK including myself.
Once again I felt it today as I was doing my weekly outlook. How do I know that what I put forth from there is good and correct? I don't, so I trust that it will be. Proof being in the future from where we analyze the past. In other words I, like you, will have to trust first, be patient second, and be open to surprises, 'cause wishes do come true.
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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.