I live with ants.
Going back now…..some 12 or so years – the ants have become my friends….my confidants……my unspoken and loyal followers…… my pals. Happily going about their business…..as I’ve done mine – a mutual respect if you will.Then I got involved with this “trading thing”……and the ants and I needed make room for “a new animal” – oddly…..enter….”the wolves”.
Hardly indigenous to central or south america…these “wolves” kept poppin up….. via my computer screen! As my ants continued over and across….morning after morning, we where now faced with these confounded wolves. Wolves I tell you! Wolves in my computer!
He he….again…..I digress.
Point being…….each and every day you enter the markets – be prepared. You will encounter wolves.Their teeth are sharp, they travel in packs, are highly organized and will gladly tear you to shreds at a moments notice.
I’ve got nothing to add “market wise” as things are going exactly as planned. But there will be much more on wolves, ants, rats, snakes, bulls, bears, roaches, hawks, doves – and the rest of the characters we trade with everyday.
Hey Kong – EUR/USD taking a beating…. any thoughts?
Understanding that the EUR is 57% of the basket and not on the commodity side – there is still a direct correlation with a higher EUR and rising commodities.
Looking to take a quick trade tomorrow on USLV if a squeeze play presents its self…
Need to dump my lottery ticket purchased Thursday – Nov-17 – SLV 30.50 Calls @ $.97…. Friday may have been the day to pull out… topped @ $1.47
Yes…Ive stayed away from trading the EUR for the most part – as its news flow / and direct inverse relationship to the dollar has made it a fools game as the dollar seeks its high. RIsk on behavavior will have the dollar sold – and in turn others shall rise – EUR included so…..
I took a brief shot at it last week at 1.2770 with a 200 pip stop – but blew it out anyway – here I see this morning – even better opportunity to enter long – I will take another shot today/ tomorrow.
I am looking to “re enter” long EUR here as of this morning likely – as its still just the inverse of the dollar finding its high and reversing, as with commods in general. As the dollar is sold…most all other currencies value will rise…commodities prices as well. We are so close now so……
Kong – interested – what strike on the NUGT – March calls…
On a 100% gamble (I wont even blink if the trade goes south on me – as the money has already been set aside – assuming it goes to zero) Ive got the March 20’s.
Being this close to the turn, with gold on the move – Im not worried at all. We will most certainly get the move loooooong before March.I like to have a bit of fun once in a while too – considering how disciplined my trading is.
Funny.. I just finished posting some very similar thoughts on my blog. The market is a game of fools and only the smartest of fools can win. I was using the idea of chart analysis being “mass psychology” analysis rather than that of “price analysis”. Charts allow you to see how other people think. If you can get into that mindset, then you can determine whether you’re an ant or a wolf..
I enjoy your posts.. so keep em coming!
Blackwell.
Sorry but I missed your post as it was flagged for spam (at this time I am not accepting any external links…none so…) thanks for stopping in and reading – please don’t be a stranger. I agree with you 100% about charts and the masses – where else can you find the combined decions of millions of people made at one time – all laid out so nicely..its amazing really.