Looking Back!

Was scanning my humble blog the first time I reformat (though I've created other blog(s) before this one, I guess almost 20 of them?) in 2010, I guess I improved dramatically in my trading. This is the process of learning, it takes time and lots of patience with it. Learning even in any endeavor takes time, perseverance, commitment, and of course your passion and the love of what you do no matter what.

As I was looking at the chart below and the time I started to get involved in the market, I can see that I was at the right time and at the right place to participate with it. I experienced the hardest part of it, the crash, the flash crash, the bulls and the bears, and of course the uncertainty. That's the beauty of being part with the market, you learned the ups and downs, and whenever/whatever that comes with it, it is already normal in seeing what the market is doing on a daily basis, no more surprises. That's how the market is, it fluctuates, if it doesn't, the market is 'dead'.

Counting the years of my participation, I guess I am on the way of riding with it. From Malcom Gladwell's book (Outliers?), and from other studies, in any endeavor or to master a craft, it takes 10,000 hours of actual practice to master it (your craft). Based from my counting, I already exceeded that 10,000 hours (7.5 years from my counting) of actual participation or learning the market.

That's just came to my thoughts today as I look back!

Gold's Bullish Signal (again?)?

Showing in here a one hour chart from Gold that this humble market participant 'observed' that it might turn bullish because of that 'inverted head and shoulder' pattern (is emerging?). As far as this market observer is concern, it is forming that way. Though it might stall by tomorrow because it's Friday, a profit taking day, but there is a big chance come next week or maybe late Friday before market close it might starts to roll. Let's see, nobody knows, but you know market is unpredictable, it might go anywhere.

ES Bull Flag Setup

ES made a nice run again because of the positive jobless report and the existing home sales?, if you missed the consolidation from the triangle formation, you can still put on a trade when it pulled back from the bull flag pattern...

Possible Rally For The ES and the Crude?

Shown are the 1-hr chart from the ES and the Crude ahead of the FOMC meeting, I guess a possible rally might emerge after the meeting...the charts area forming a cup with a handle pattern, a bullish signal...

 

Doug Casey’s 9 Secrets for Successful Speculation | Casey Research

Doug Casey’s 9 Secrets for Successful Speculation | Casey Research

ES Bull Flag Trade Setup

ES made a nice formation/consolidation from 'Darvas box' pattern, and a bullish flag emerge...

Crude Trade Setup

Entry: 9827
Stop: 9816
Target: 9877
Gain: 50 points
Note: Traded Crude in the Globex session and was able to capture the 'meat'...if you are patient, stay sittin' and keep watching the market like a hawk you can make a 'difference', as that famous trading words...'I make my money by sitting'?...