MegaBlog
MegaBlog- – this is an amalgamation of posts from popular trading blogs . This section will allow you to track interesting topics and track popular trends in trading., understand what traders live.
Arnold's Secret
Read an interview with bodybuilder Tom Platz and one moment
really wanted to publish in my LJ.
Think, it will be interesting to you too.
Tom was asked a question about, what does he think of Arnold Schwarzenegger.
His answer was as follows:
“Arnold's secret is, that he never played roulette with himself: попробую, maybe it will work out. Any business he planned, as a commander the battle. First – it is correct to assess the enemy. Second – place your forces correctly. Well, then it remains to mobilize the will and attack. The outcome of the battle will depend only on your fortitude, and this is the main prerequisite for victory. By the way, I've never seen, for Arnold to gamble. He did not like to depend on blind circumstances for anything.”
Banzai!
Parable
A couple of days ago, a trader told me a Buddhist parable.
“A young man comes to an elder and asks to teach him how to meditate. He answers him, that first you need to learn to see the world like this, какой он есть. The young man agrees and the elder brings him to the pond and asks him to say, what does he see there. At first he saw only a small fish there. The elder instructed him to sit and look further.. Every day the young man began to see more and more…”
There is a great parallel with trading..
Until a person learns to see the overall picture of the market and understand it –
it will be very difficult for him to achieve real success.
The path to success is very similar to this parable..
At first we see just graphs, then levels,
then the actions of large market participants and so on.
Someone won't have the patience for this.
So this is not for you.
It's OK – there is still a sea of things, which you can do besides trading.
Пиар by my-trade
I'm the only one who annoys this person?))))http://nzonin.livejournal.com/ Second place in the Top Financial Blogs. It is not clear why he forgot there)Such a straight fucking life…
Hopeful closure
Judging by the closure, bulls have an encouraging candlestick formation on the SPX spot( something like hammer), which can shift momentum to the end of the week. As I said earlier, the main resistance is in the area MA50 = 1115
Critical levels
Given the current situation, formed 2 critical levels, which should define further momentum.
1092 And 1082 по EN, close higher 1092 forms a swing buy signal and, accordingly, a close below 1082 brings us lower.
Commoditiz intradej
Everything is weak in the world of commodities. Oil , copper, gold graphics “damaged”.
Sugar in the process of shaping the top and also looks tired. You need to watch for a positional sell signal.
Unpleasant
An unpleasant breakdown of local bottoms for those, who was guided in a long by a rebound. Many feet are demolished, but today there are a lot of different news, as i said in the morning, therefore the most unexpected can be expected. One of the reasons for the breakdown is the ongoing meeting in Congress, where will ” interrogate” Geintner and expected, that he will be removed from office.