Before doing any analysis, today, I want to review what I have fore casted before last week.
One key number I have mentioned there is ~2015, see below for the quoted words:
- The upper boundary is ~2015
Now this number 2015 becomes very important for future market development !
Once it is breakout, retest it is a MUST, and 100% sure thing. You can see clearly the market has retested it yesterday and then bounced back !
Please try to understand such market movements because the KEY to make money even in short term market movement is to GRASP such SURE movements.
Will ~2015 hold the market or fail ? You may want to ask this question. If you do think about it, you are trapped by the market ! why ? Because only the market can make its own decision ! Don't have a maybe wrong or maybe right assumption ahead even though you have all analysis to support your assumption, that's basically a GAMBLING, not the right way to make money in this market !
What I can tell you is, Keep an eye on ~2015 now, once it is broken down, a market reaction will come, which is already predicted before after this UP wave. On the other hand, if 2015 holds well, looking forward to a new higher high about ~2065 first !
Cheers !
Great, thanks a lot. -zz
ReplyDeleteMentally exhausted, physically exhausted, emotionally burned out, taking care of a very sick Mother and a marriage hanging by a singular thread of hope and just about right after 10,000 hours of research, development, testing, analysis and study - it finally happened! I had a break through! I could finally trade successfully on a consistent basis! I finally found a way to actually make money in the markets!
ReplyDeleteYou see, not only did I find a way to make money trading. I actually found a way to trade without EVER losing money at all. I found a way to trade with a 99.99% chance of never losing capital. I found a way to do what many naysayers say simply cannot be done. Today, I can enter the currency market at any point during the session, in any direction during the session and NEVER drop a single dime on the floor with virtually guaranteed, locked in profit, the moment I enter my trade profile.
To the clueless newbie trader: Don't quit IF there is something inside you telling you to press on toward the mark of success. Cracking the code in this business and reaching a level of genuine trading success is not easy and it take a lot of time to learn all the lessons that need to be learned in order to reduce risk and trade consistently on the profitable side of the P/L equation. Trust me, there will most likely never be anything in your life that you do mentally, that will be more challenging than cracking the code of the markets, such that you can trade in any direction at any time, with full confidence that regardless of the direction the market moves, you will walk away with net profits. That kind of skill, knowledge and expertise does not come easily to most. However, with extremely hard work, more time than you can fully appreciate and/or imagine right now and more mental discipline than most people can demonstrate, you CAN become the top 1% of all the traders in the world and do it far better than most - all of the time. But, it will take more courage, guts, time, hard work, focus, intelligence, persistence and creative thought, than the average newbie will be able to understand, just starting out in this business.
This is NOT Vegas! Drop the Vegas mentality - it will not serve you well long term. This part science and part art. The markets DO make sense. Your job is to figure out what the markets are saying and WHY they are saying it. Doing so is a science, but it involves a lot of artistic input and creative thought along the way. Hang in there ONLY if you hear that still, small voice inside you that tells you to do so. That's the voice that is telling you that you have what it takes to make it right. If you don't or can't genuinely look yourself in the mirror each morning and declare with a straight face that you DO here that still, small voice inside you, then this business just might not be cut out for you and you might be wise to consider doing something else with your valuable time.
ReplyDeleteBut, for those newbies that do hear the voice - press on!
To the Top 1% of all Traders:
I’ll steal the line Tiger user when he first joined the PGA Tour:
Hello World! Look out – cause here I come!
Jedi Trading Order Motto:
We don’t trade the markets……we ride them until the trade comes to us.