Shinken Trader

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. 

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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.

Today was the first time that I striped my Iaito for cleaning and inspection. The tang is in good condition, and the mekugi is still sound and usable. After cleaning, I duly reassembled the Iaito. This reminds me of my National Service days when stripping and cleaning the AR15 was a daily chore!

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.

12M is in upswing, but is now in the 12M primary sell zone; 13W is in bullish trend; 18D is also in bullish trend with new Demark exhaustion.

NLP practictioners accept four states or levels of development before mastery can be attained. The raw begiiner starts as the unconciously incompetant, who moves on to becoming the conciously incompetant, who levels up to the conciously competant, and finally evolving into the unconciosly competant state, the state of mastery.

Current research has enhanced our understaning of mastery. Here is an article from Innerworth… Continue Reading »

12M is in complex upswing (probably corrective) with Demark exhaustion; 13W is in upswing of sideways range; 18D has triggered Market Profile sell signal with Demark exhuastion. Expect Lean Hogs to test the range low

This interesting article is from Innerworth…

Profitable trading is a matter of survival. When starting a trading career, the risks are great. How you handle these risks can be the primary factor that determines long-term success. Continue Reading »