We go from the Sky Dark and falling to today Bright Sunshine all
in the same week ... I'm just trading my charts and
nothing else .. No CNBC, No "It has to because somebody
said..."
Separately, I went long a few days ago and got some PMs with
shock horror since the "Sky was dark". Well timed however. Also,
retail investors are quite heavily short at the moment in the
S&P. It doesn't feel right to me that we go down from here in a
big thump. Maybe that may change over the coming weeks but short
term for the early part of next week, I remain long and have a
trailing stop in place for insurance
Also, I am long USDJPY as technically we have divergence and
there are some extreme long positions in the Yen from the part of
Retail investors. I would be suprised if we dont rally at least
100pips in USDJPY next week
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Interesting - Mental Side of Trading
Posted by cspirit on 27th of Aug 2010 at 03:39 pm
We go from the Sky Dark and falling to today Bright Sunshine all in the same week ... I'm just trading my charts and nothing else .. No CNBC, No "It has to because somebody said..."
...thats the right approach. Separately, I
Posted by vimal on 27th of Aug 2010 at 04:28 pm
...thats the right approach.
Separately, I went long a few days ago and got some PMs with shock horror since the "Sky was dark". Well timed however. Also, retail investors are quite heavily short at the moment in the S&P. It doesn't feel right to me that we go down from here in a big thump. Maybe that may change over the coming weeks but short term for the early part of next week, I remain long and have a trailing stop in place for insurance
Also, I am long USDJPY as technically we have divergence and there are some extreme long positions in the Yen from the part of Retail investors. I would be suprised if we dont rally at least 100pips in USDJPY next week