Author Archives: swing4it
Binary Update
I have been away from the site for a while. I have worked my tail off on getting a strategy for the Binaries to fly. I am very exited to report that I am trading these live after quite a time of trial and error. I must say also that these are incredible to trade. Especially with my trading methodology. If anyone is interested I am going to present at Albuquerque Market Traders http://www.meetup.com/Albuquerque-Market-Traders on Wednesday February 27th 6:30pm. I will be using Think or Swim’s Platform to simulate trade. I will take some time also to give a brief introduction to this style of trading.
Trading is Spiritual
The more time I spend trading the more I realize my spiritual weakness. For instance trading with a focus of making a given amount of money in a given amount of time is exhausting. It is when I focus on the rules and execution that I find success. Here is how it works:
1. Get into a trade based on the set up.
2. Set your stops, targets and scale outs.
3. The trade starts to fluctuate (as they do most of the time)
4. You say to yourself maybe this trade is different.
YOU ARE TOAST!!
more to come…..
Link
Boy with massive tumor evacuated by US from tough Mexican city
This is a break from my normal comments. This is an article where our church is involved with helping a little boy from Mexico have a life. Please pray for Jose and his family. I wish I could share the entire story. It is amazing how this all came about. GOD is REALLY GOOD!
Nice Uptrend Channel
We are getting to the midpoint of a nice upward channel. Let’s see if it holds.
This is a fun Video
Great Video….TRADE YOUR RULES
http://www.youtube.com/watch?feature=player_embedded&v=uubsFZMOPYQ This is a great video that a trader should always remember. I am posting this so that I always remember to follow my rules.
U.S.A. Healthy Nation ??
We are really a young country in the grand scheme of things. I just did some research and learned that americans are not ranked very high for life expectancy http://en.wikipedia.org/wiki/List_of_countries_by_life_expectancy . We spend the most money on healthcare http://en.wikipedia.org/wiki/List_of_countries_by_total_health_expenditure_(PPP)_per_capita . There is something wrong here. Notice Japan who has the longest life expectancy. They spend half of what we do on healthcare. This is how Japan’s healthcare works http://en.wikipedia.org/wiki/Health_care_system_in_Japan . WE HAVE A LONG WAY TO GO!!
Supreme Court Decision Obamacare
I believe this is going to move the market dramatically today. I feel that the decision is going to be against Obama which is going to benefit the republicans going into this election. We are still in an uptrend and are tracking technically pretty well. So let’s see how it goes.
Broken Channel Uptrend Still On
Today was an amazing day for day trading. We are tightening up our stops on the swing trades. Expecting price to go up for a few days. Fridays can be weird though. The bearish engulfing pattern is sometimes followed by a move back to 50% of the candle. So we are looking for the price to move up a bit from here. After this we are not sure, probably consolidation. Really we are never sure. We just look at the probabilities. Closed half of our position on DOW today for a nice gain.
Swing4it.com 