It's so true. PO! We are not yet ready to enter the Battle to short/long at the extreme. For us, the "extreme" battlefield isn't very clear. So we play the field that when situation is turning, we join the early fight.,
I am thinking we can make a movie out of the thread and your book. I am ready to audition for the "matcha" role.
incredible post +111 i rarely learn things from the message board, but i do use rain as an indicator if the market will fall, i mean literally rain, if its raining outside, and the markets high, i will look for a market dump reason being: everybody is pissed off when its raining, => sell. and sell hard it is. rainy seasons = starting in may , ends in august. boring / down markets = starts in may.
Good journal. Although I haven't read AB's book I have watched his video and checked out his trading room trial and learned alot.
But this depends on where you are based. In California, it rarely rains in the summer. Rains are all done in the winter...
You have to be in the area where the financial companies are residing,, new york (manhattan) / nyse shanghai /shanghai hong kong / hkex london / ftse But you are right, checking the whether if its -50 or -20 in antartica has no effect on traders in new york
Hi Matcha, You are smart for not making any trades today. I went the complete opposite and ended up struggling with the mixed signals for the most part of the early session. I started the day trading way too many times losing quite a bit. Then I caught the downtrend after Bernanke's speech. Broke even at that point. But I didn't stop there and kept thinking the downtrend will continue after 12:00 pt even though the 5 min stochastic has been turning up from oversold. Took too many wrong "Short" trades in the last hour and ended the day pretty bruised. Lessons learned: Don't trade if the signals are mixed. And be aware of trend changes when it matures. Yeah! Boli can write the book and you can play Matcha in the Matcha Trading movie!!!!! --po