Shinken Trader

In the newspapers, there are many advertisements that make trading apear to be simple. These advertisements unfortunately promote unrealistic expectations in the minds of new traders.

Everyone should have realistic expectations when they start out in any endeavour. Continue Reading »

Stuart McPhee, private trader, author and trading coach,
explains how traders can prepare their minds for top performance
through physical exercise. I therefore suggest Shinkendo…
Continue Reading »

This morning’s New Paper on Sunday featured how a new trader allowed the siren song of his initial success to lull him into the treacherous rocks of financial ruin. He turned his initial 80,000 profit into a loss in excess of 700,000. The market gives, and the market takes it all away it you allow it to happen, and human nature will always see this story repeating itself. Sad, but true

Based on the 12M chart of the Dow Jones Index, the market flirted with the Maximun Extension but has failed to close above it. The 416 point drop seen on 27 Feb is in line with the view that the market is at Range top. 

This is a very interesting article on human emotion. I sourced this from Elliot Wave International. Continue Reading »

12M is in upswing within 12M range; 13W is also in upswing within 13W range; 18D is in upswing, but has triggered a BarroMetrics Change in trend signal, supported by Demark exhaustion.

The market has closed above the maximum extension with a bullish directional candle. This event is now hinting that the bullish trend can possibly sustain. If market can close with bull bars above the maximum extension for 2 consecutive days, I will change my stance from range top to acknowledging bullish trend continuation instead.

12M is in bullish upswing; 13W is in bullish upswing;18D is also in bullish upswing, but has reached Demark exhaustion. In addition, the 18D swing is highly overbought statistically, in both price and time.