Hi Steve -- I've been viewing your blog now for a few weeks and just wanted to send a note saying thanks for the time and effort of posting your thoughts and trading plan. I'm a relatively new trader but have been at it just long enough to have a healthy appreciation your dedication and discipline. It's difficult enough to navigate these markets, however I imagine doing it on a public stage nearly impossible. The most difficult aspect of my trading has been to avoid the impulsive trades (chasing false breakouts) which end up being traps. You on the other hand have such an unwavering ability to smell out the fake breaks and it's helped me considerably along the way to read your notes.
B Welcome to my blog. Breakouts are problematic, a lot are traps. Tough job trading. Once I get short I'll slow way down. Post hourly, but make very few trades. Thanks for kind words.
Steve,
ReplyDeletenot to rumor monger but the word is a rating agency will downgrade the US perhaps as soon as Friday
Charles
Steve,
ReplyDeletealso Charles Nenner a big cycle guy says major top in August. Gotta love when a plan comes together.
Charles
Hi Charles
ReplyDeleteDowngrade would crucify world markets. This rally was below both of our estimates at I1 top day. What could it be discounting???
Hi Steve -- I've been viewing your blog now for a few weeks and just wanted to send a note saying thanks for the time and effort of posting your thoughts and trading plan. I'm a relatively new trader but have been at it just long enough to have a healthy appreciation your dedication and discipline. It's difficult enough to navigate these markets, however I imagine doing it on a public stage nearly impossible. The most difficult aspect of my trading has been to avoid the impulsive trades (chasing false breakouts) which end up being traps. You on the other hand have such an unwavering ability to smell out the fake breaks and it's helped me considerably along the way to read your notes.
ReplyDeleteThanks again.
B
ReplyDeleteWelcome to my blog.
Breakouts are problematic, a lot are traps. Tough job trading. Once I get short I'll slow way down. Post hourly, but make very few trades. Thanks for kind words.
Steve,
ReplyDeletemy assumption has been a failed bond auction, act of war/terrorism or natural disaster
Charles