2 1/2 years later

It was two and a half years ago that I signed up with IT. Since then, I did not get laid off. We bought a time share in Colorado. I've got my PMP, but will let it expire. My 2nd son was born.

I have always been very book smart, I can memorize a lot of material in a very short time. Making sense of all those technical indicators, the option Greeks and all to terms was a breeze. But when it come to applications, I failed. I know how to be one shot wonder, like taking tests, but running a marathon like trading, it is my Achilles heels.

I have now came out from the struggle and follow the market, don't read too much into all those information, stop using indicators, and treat every trade equal. Last winning trade has no bearing to the next one. It is not like making past 1st level and move on to the next level, they are all same level.

I am no smarter than the market, but to make money all I have to do is to follow the market. Just don't try to out smart it.

shorts:
longs:

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dollar index to hit 74?

My friend out in the west had brought this predication from an article. By then my short dollar trades: long EUR/USD, long AUD/USD, long NZD/USD, short USD/JPY and short USD/CHF are in pretty good profit. I entered them on Monday...about 4 days before this article was published. And when dollar index hit 76, I was ready to close them out.

By chance or as always, there were some articles published about the dollar is weak and will get weaker, and another article about a conspiracy of selling dollar. Nonetheless, it is time to get out.

The point is, news is always LATE. Larry Livingston, aka Jesse Livermore, stated that already. Don't worry about the news, price movement preceded the news. So be mindful when the news comes.

remember: Price Active discount everything. Everything is anything and everything.

Just trade the price, not the news.

I am still bullish for the equity, especially for commodities and energy related. But again, by the time you read this blog entry it is too late. If your thing the bull run is not over, you can get long, but if you think the bull run is over, you just need to plan for your next action instead of jumping in.

shorts:
longs:

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It is a bull market

Needless to say, Alcoa's earnings report gave bulls another shot. if I were an Elliotian, that seems like it is the start of Wave 5 motives. But I am not, I don't believe in any technical indicators..well anymore.

My Technical Analysis conclusion today is:

• Price actions discount everything.
• Elliot wave counts shifts.
• Go with the flow.

My fundamental analysis key today is:

• Look for the signs, news and accumulative mood.

All the experts in big money firms already told their traders to place the bets. and it is going up. So just go with the flow, i.e. look for the trend and follow it.

shorts:
longs:

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I've got to put this up.

shorts:
longs:

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