Hi Hi All
Once more you will have to put up with me for at least a couple of days. Our mentor has to fly off to Sydney today to see his mother who has taken quite ill in hospital.
As I have just assisted in the fair over the weekend at Suntec City in Singapore, perhaps, […]

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I was introduced to Austrian Economics through the works of Ayn Rand. From the first works that I read, I knew I had encountered a school of thought that would describe the real world. I have not been disappointed.
I tell you this to answer the question that was posed to me: on what do I […]

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One would think nothing would be farther away from the stresses and pleasures of trading than the opening ceremony at the Beijing Olympic Games. And yet, traders had the opportunity to learn a lesson on integrity.
The Chinese put on a great show and in the name of producing a great show, saw fit to exclude […]

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My preferred timeframe is the 18-day (monthly) trend. But occasionally I will day-trade. In this post, I’ll examine the conditions under which I’ll entertain the idea. I’ll answer questions that have been asked by quite a few:
“Your blogs tell me that you subscribe to other ‘tipping’ services. Why do you do this? How do you […]

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Here are the two other charts:

Straits Times
The All Ords

You’ll notice that I have dropped the Indian Sensex. With the readership from India dropping back to 0.16% of the total readership, I do not think it worthwhile continuing with that  index.

FIGURE 1   Australian ALL ORDS

FIGURE 2 Singapore Straits Times
Refer this blog post to a friend […]

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I know I am supposed to comment on the S&P, Strait Times, All Ords and Sensex. But over the weekend, I received a number of requests to do an analysis clearly identifying Nature of Trends Material (NOT), Market Profile and Ray Wave.
I am happy to oblige. The link for the video is: http://www.tradingsuccess.com/download/811-blog/811-blog.html
There are […]

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I am constantly surprised by the expectations of seminar participants. Too many seem to believe that at the end of the two or three days, ‘insto-presto, I’ll be one of the world’s best traders!’ It doesn’t help the newbie that too many educators encourage this belief.
The fact is expertise will take time. The very best […]

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One of the questions that was repeatedly asked at the CMC presentations was: How do you know when to take profits?
The background to the question was the story I told about a relative whose win rate is 90% over a trading period of 30 years. Impressed? Well, what if I were to tell you that […]

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Here are the four charts I promised for Monday nights. I delayed this week because I wanted to see the reaction to the FOMC decision.

FIGURE 1 S&P

FIGURE 2 Strait Times

FIGURE 3 Australian All Ords

FIGURE 4 Sensex
Refer this blog post to a friend or colleague…

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Last Monday and yesterday, I was invited by CMC to address its FX clients on the Habits of Success. On the first evening we had 600+ and last night about 400 attendees.
Questions I ask after a presentation are:

What outcome did you seek for tonight?
What outcome are you seeking from your trading?
What is stopping you from […]

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