CME
I so want to go back west, that I am more happy about profits in the demo terminal, than profits on a real FORTS account .. and demo losses, I'm more upset,…
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Night comment
I ran through the general gaze on the main charts and cite the following:
1.ES Chart Turns Negative After Weak Close Today. Weak daily sell signal according to my criteria.
2.For further weakness, it is important to note the support for copper in 330 and oil 77, breakdown of which is necessary to confirm the sell signal by ES.
Elliot's prediction from 17.12.2009 came true.
Well here are my predictions from 17 December last year come true. :) Fifth Wave Sugar Target Reached Today, as he said 29.40. Hai was today 29.45.
Details here:
http://jc-trader.livejournal.com/11474.html
Let me briefly remind you of what was discussed:
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Technically speaking, the fifth wave went up — I hope no one will argue about this, after all, an almost perfect example for a textbook. If we define the target of the fifth wave as 161% fibo, then it will be approximately 29.40. Me, I am not personally interested in the goal, the position will be closed by the crawling stop when it sees fit :)
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But since I have a system, I hold the position until the stop is triggered — suddenly go even higher :)
And still, forex is easier.
Played some more poker tonight. In my opinion, Forex gives a head start in terms of profitability. There is a lot more of an element of randomness in poker. (or probabilities), market risks can be regulated by money management, here, from the point of view of MM, you can be too far, catching the missing card. Even if you only enter the game with strong hands, not a fact at all, that the opponent will have the worst combination, but it happens, he is just bluffing. At the same time, from the discarded weak, sometimes such a sight is formed… In a word, if you give me a certain amount, in order to increase it, and say, choose between forex and poker, I would definitely choose forex, it takes ten times less time, and you don't have to be in the game all the time.
Is there gunpowder in the flasks ?!
Is there anything else in stock for the bulls?! Reporting is nothing special, the growth forecast does not justify the current P / E in the market in any way and the economic indicators are not impressive.
Yes, stabilization in progress, but valuation already reflects all good things!!!!
So if 1125-1130 we will not hold, then the correction will come into its own.
Another source of trading signals.
They gave me another good source of reliable, frankly confident trading signals.
http://www.procapital.ru/showthread.php?t=20648&page=32
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All analysts of the world's largest funds and companies are confident that, what oil price this year will be 95$. I absolutely agree with them too.
And that means to me that, that right now, without spending extra feverish efforts on intraday trading can buy.
Oil, gasoline, wheat, corn, indices, gold.
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Understandably, strong bearish signals. Will it all fall? And I have gold in long so far — probably time to close :(
Corn and wheat already in shorts. We will monitor the signals and further.
Got in an accident.
An unpleasant story happened today, Pazik bus drove into me, and I'm to blame. Bochina thinks, no mirror, the window is broken. Frankly speaking., uncomfortable, when such a colossus rolls on you, and then, like in slow motion, cracks and shatters, glass falling on you with a thousand pieces. But lucky, if I may say so. Car on the move, the locks are intact, pillows didn't work. The question was resolved amicably in ten minutes, wrote a receipt, I gave the money and left. I'll go counting tomorrow, what will this adventure cost me. By the way, while driving home, saw a couple more accidents. Day like this, whether?
Keep positions overnight — there are surprises.
A pleasant surprise in the morning. Got right to the point with the Rambus company (RMBS). Bought on friday, added yesterday at the opening sessions. average price 20.96 behind 3230 Shares. Today I learned the news in connection with which RMBS has already added more 16% at the postmarket.
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South Korean electronics manufacturer Samsung Electronics Co. agreed to pay $900 million. for five years, a computer memory chip developer at Rambus Inc. The agreement was concluded within the framework of the settlement of a litigation, writes Wall Street Journal.
According to this deal, which also includes the technological cooperation of the two companies, Samsung will prepay Rambus $200 million, plus quarterly deductions $25 million. within five years. Besides, South Korean manufacturer agreed to buy new Rambus shares at $200 million.
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Why, why, why……. why??
Continuing the previous post, I remembered the saying of Blaise Pascal:
"The heart has its reasons which reason knows nothing of"
Think, that it is quite acceptable for those, who participates in financial markets.
P.S.
If there are problems with translation, then you can search the Internet for quotes from Pascal.
The answer to the question
Since such a question in the comments surprised me a little and it may arise for many, so I will answer here.
Disregarding mechanical trading systems, which can perform the function of a robot depending on the degree of automation, I answer the question “Why you need to know the reasons for the market movement in one direction or another”.
Briefly, Besides, what ,like forecasting is a gymnastics of the mind, so the search for the reasons for the market reaction to various kinds of events allows us to understand those driving forces, that influence what is happening on the market. Certainly, you can think of nothing and go there, where the market takes you and be part of the crowd, which sold on 666 and bought on 1500. And you can understand and understand, that you don't always need to be in the market.
Besides, knowledge of what is happening allows you to understand whether a stable movement arises or is it just an eventful phenomenon and has a one-time effect. This all helps to position correctly.. As well as, studying and understanding , what happened before ,at least, will help to avoid repeating the same mistakes.