20120301 FCPO 2 min, this gap is the 3rd in the downside move recently... if it covers at 3250, it could signal upside move?

20120301 Update on FCPO daily, a nice run after the trendline breakout...

20120301 FKLI futures 30 min, the 13 period ema is at 1569, support?

Spot gold plunges

Dax retreats

Dax 10 min

20120229 FKLI futures 30 min, breaks out of the recent downwards trading range...

Dow closes above 13000

20120228 FKLI futures 30 min, 1554 hit, but closes higher than that level.

20120228 FKLI futures 30 min, 1554 hit, but closes higher than that level.

20120228 FKLI futures 30 min, 1554, stops triggered...

20120228 FKLI futures, testing below 1554 soon?

20120227 FKLI futures 30 min, in a H&S formation. Will it break down?

20120227 FCPO daily, today's gap is the 3rd in this run up...

20120227 Dollar Yen daily...

weekly high close for dollar yen

20120224 FKLI futures 30 min, closes high...

20120224 One of the big traders here is saying "60s level on KLI, buy many times previously, now scared, dare not buy..." Time to go up?

20120224 FKLI futures 30 min, still on downtrend? A small box between 1560 and 1554.50 forms..

Risk on day

Fund manager performance: 79% don't beat the S&P - Feb. 23, 2012

http://money.cnn.com/2012/02/23/pf/fund_manager_performance.moneymag/index.htm?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+rss%2Fmoney_latest+%28Latest+News%29

20120223 FKLI futures 30 min, correction begins. Targeting 1545?

20120223 FBM KLCI cash daily....

Gbp, continues lower...

Gbp one of the risk currencies drops on BOE minutes

20120222 FKLI futures 30 min, last 3 bars saw some levels broken, seems to have turned to the downside...

20120222 FCPO daily. In this timeframe at least, the trend seems to be up...

20120222 I guess this morning's price action was a pull back to the breakout of the triangle for the FKLI futures, more upside ahead?

20120221 FKLI futures 30 min, 'risk on' theme sees the futures closing high....

20120221 From 'risk off' this morning, looking like 'risk on' for the risk currencies now... such is the term whipsaw..

20120221 With risk currencies gbp and aud on the down (15 min) seems risk is being taken off today?

20120221 FCPO daily, pull back to the breakout point 3210, then up again?

20120220 FCPO daily and FKLI 30 min. Support levels beckon for FKLI...

20120218 Daily FCPO futures, has been on the path of least resistance UP for the past 2 weeks. And yet all I haard from the traders in the firm was, "Damn, 'they' are artificially belligerently pushing up the price, when it should be going down". Human nature never changes, hence the opportunities always present in the markets. In addition traders will always behave in the 'asshole' way.
A fellow trader at the firm's Local dinner stated, "Only now the industry is talking about Trading Psychology, I have been practising it for over 4 years now." And this guy has made his millions from the market and is beyond 'trading volume' to make money...

20120217 If one ever doubted the fcpo rally today, one just needs to look at the position of the moving averages 9>18>50 sma, and note the green candles out number the red about 2 to 1 in the last 10 candles.

20120217 FCPO daily, breaks out of the top trendline...

Yesterday I overheard a trader say, "They are just forcibly pushing up the market.(It won't last)"

Just this lunchtime, a fellow trader said the very same remark to our group. And through the 40 tick runup, the exclaimations were that "the market is manipulated, 'they' can detect when we sell (short) and immediately use program trading to eat up the offers." Up to you to figure out what all these emotional responses mean.

And I just heard another remark, "Buy this morning the price couldn't go up and whack down..."

20120217  For the morning at least fcpo daily, testing the resistance trendline...

20120217 30 min FKLI. Below 1545 is a short i guess. Big gap up today as Wall St rallies to highest this year.

New highs for the s&p

20120216 FKLI futures 30 min, closes below 1550, looks like the correction phase beginning?

20120216 2 min FKLI futures, boxed in...

Was asked by a follower on the post regarding 'trends'. Actually I was commenting on a fellow trader's assertion that the 'trends that enabled the gurus like Larry Williams to make big money' aren't around anymore. trend is defined as a 'general tendency to move in one direction'. But it is a case of KST (Know Sure Thing). So if you are trading in what you perceive as 'trend' the odds are only better than trading against the trend.

 

Timeframe is important. The bigger the timeframe, like the weekly charts of Aussie, Gold and Unisem, the more endearing the trends, bigger rewards and also bigger risks.