|
Commodity and Futures - Physical commodity and financial futures markets.
|
|
|
|
|
Posted by ProfitMaxTrading.com on August 31, 2006, 2:26 pm
Trading without stress is important for sustained capital appreciation. Yet
many traders stress about their positions because they do not have a good
feel about their original trading decision.
Many trading gurus suggest that you should not watch your market too
closely, thus to avoid the emotional whipsawing when prices move in your
favor and then against you. In this they are correct.
Day traders cannot avoid the "glued to the screen" scenario. For them, they
need to have some tight stop rules and exit strategies. To these I'm not
addressing. To the rest of you, please read on.
You may have been reading my latest forecast in Live Cattle. In this
forecast, you may have been impressed to see that the market did exactly as
outlined.
"Prices will drop on 8/23 and find support, confirming 8/22 high as a
short-term daily swing top."
"Prices will rise off the 8/23 support and keep moving higher until it at
least reaches 93.75"
You cannot get anymore specific than that. And knowing this with a high
degree of confidence goes a long way towards stress free trading.
If you watched Live Cattle trade today, you may have noticed that it opened
at 93.10 and that was the high all day long. It was trading in the negative
all day, and this no doubt made a lot of traders concerned of a reversal.
Opening at the high of the day and trading below it all day long has
historically been the mark of a reversal day.
But with cycle turn dates and the original forecast based on them, no
worries. Price is expected to reach/exceed 93.75 and tomorrow (9/1) is a new
daily cycle turn date. Therefore, calmly sit back and watch the show.
I'm now looking at LC prices and noted that it just took out that 93.10 high
by a couple ticks and appears to be closing in the positive. Surprised?
Nope. You read the forecast and so if you had confidence in it you would not
be surprised either.
The Precision Trading Membership is not just a place where members get these
valuable daily and weekly cycle turn dates. Members get market analysis and
are provided training materials to become good at trading cycle turn dates.
No, I won't promise that you will be an expert overnite. Nor will I
guarantee you success or profits. This would not be ethical and anyone doing
this would be violating regulations.
However, what I will guarantee is that if you patiently learn to apply cycle
turn dates to your trading and take advantage of all the resources we have
within the membership, you will see the markets in a new light that will
open up to you unlmited profit opportunties.
Invest in your education.
--
Cheers!
Rick J. Ratchford
ProfitMax Trading Inc.
http://www.profitmaxtrading.com
"If you could see tomorrow, today... would you take it?"
|
|
Posted by on August 31, 2006, 3:45 pm
RATCHFORD:
Trading without stress is important for sustained capital appreciation.
** How would you know if you don't trade?
RATCHFORD:
Many trading gurus suggest that you should not watch your market too
closely, thus to avoid the emotional whipsawing when prices move in
your favor and then against you. In this they are correct.
** I can't tell you how much better it makes me feel that YOU agree
with the gurus!
RATCHFORD:
Day traders cannot avoid the "glued to the screen" scenario. For them,
they need to have some tight stop rules and exit strategies. To these
I'm not addressing.
** "To these I'm not addressing" is not even a sentence.
RATCHFORD:
You may have been reading my latest forecast in Live Cattle.
** Hasn't everyone?
RATCHFORD:
In this forecast, you may have been impressed to see that the market
did exactly as outlined.
** YAWN
RATCHFORD:
You cannot get anymore specific than that.
** YAWN
RATCHFORD:
And knowing this with a high degree of confidence goes a long way
towards stress free trading.
** When you take one of your own trades and tell us where and when you
got in and out and at what price ... I'll stop yawning. Until then
... it is all bullshit.
RATCHFORD:
Opening at the high of the day and trading below it all day long has
historically been the mark of a reversal day.
** Brilliant analysis. Brilliant!
RATCHFORD:
But with cycle turn dates and the original forecast based on them, no
worries. Price is expected to reach/exceed 93.75 and tomorrow (9/1) is
a new daily cycle turn date. Therefore, calmly sit back and watch the
show.
** I have been "watching the show" for 10 years, but so far all I have
seen is the commercial.
RATCHFORD:
I'm now looking at LC prices and noted that it just took out that 93.10
high by a couple ticks and appears to be closing in the positive.
Surprised? Nope. You read the forecast and so if you had confidence in
it you would not be surprised either.
** Geez, Rick .... I WANT to have confidence in your forecasts, but
since YOU don't have enough confidence in them to trade them, I have to
admit that I am having my doubts.
RATCHFORD:
The Precision Trading Membership is not just a place where members get
these valuable daily and weekly cycle turn dates. Members get market
analysis and are provided training materials to become good at trading
cycle turn dates. No, I won't promise that you will be an expert
overnite. Nor will I guarantee you success or profits. This would not
be ethical and anyone doing this would be violating regulations.
** So you DO know something about ethics! This comes as a complete
surprise to everyone here. With your knowledge of ethics in mind, I
wonder how you can justify your never ending advertising of your gas
pills.
RATCHFORD:
However, what I will guarantee is that if you patiently learn to apply
cycle turn dates to your trading and take advantage of all the
resources we have within the membership, you will see the markets in a
new light that will open up to you unlmited profit opportunties.
** Is that like "unlimited profit opportunities?" Once again, Rick
... if only YOU took your own trades, I would feel MUCH better about
the whole thing. Maybe one day you will trade your own advice and then
I'll take a second look.
|
| Similar Threads | Posted | | Live Cattle Forecast for 8/23 and beyond... | August 22, 2006, 9:54 pm |
| The LIVE CATTLE Report | December 4, 2006, 2:28 am |
| Live Cattle Forecast | April 24, 2007, 9:40 am |
| Corn, Wheat...and Live Cattle | May 19, 2006, 12:23 am |
| Live Cattle Forecast Recap #3 | September 1, 2006, 12:01 pm |
| Live Cattle Trading Statistics - 27Aug07 | August 26, 2007, 12:32 am |
| Live Cattle Trading Statistics - 28Aug07 | August 28, 2007, 8:14 am |
| Ratchford's recent Live Cattle Forecast....another BLOWN call..... | December 19, 2006, 8:35 am |
| Dude, A possible Island Reveral is Live Cattle this A.M. Free Forecast | April 6, 2007, 5:38 am |
| Live Cattle, Canadian Dollar, Australian Dollar | February 11, 2007, 3:20 pm |
|
|
|
Yahoo! 
Google 
Windows Live 
del.icio.us 
digg 
Netscape 
XML Sitemap