I find history absolutely fascinating and especially the exploration of the Western frontier during the 19th century has always fueled my imagination. The featured image depicting three prospectors was taken in 1886 by a man called John C.H. Grabill who documented frontier life throughout Colorado, South Dakota, and Wyoming during the late 19th century. Imagine for a moment what must have motivated these men to abandon known civilization and relative comfort just to venture into the wild to seek their fortunes.
Given unremitting sub hellish market conditions I am beginning to channel my inner Clay Davis although I may have to acquire a special breathing technique in order to deliver profanities of such outstanding quality. Quite frankly I haven’t seen a single chart I like today and suggest that you find something more productive to do with your time before you may do something you’ll regret later.
Swing traders with nerves of steel and Buddhist monk like dispositions are of course encouraged to play the numerous gyrations. If you do then look no further than the Zero for valuable pointers as to where to get positioned. This is the type of tape when the little [...]
You know me – I don’t complain often about the tape. But just like you I am merely human (well, sort of) and there are limits to the amount of mental agony I am able to endure. All summer we’ve been stuck in a game of slow motion ping pong, only to be interrupted by an obligatory shake out terminating at the 25-day SMA early this month. It’s been a veritable ten handle range of pain and I’m starting to feel like Phil the weatherman in Groundhog Day. Suicide is not an option and I’m way beyond embracing the pain. May as well have some with it.
Clearly the tape is toying with us and the fact that it’s OPEX Friday ain’t helping our cause. When faced with excessive tapemockery™ my general advice is to simply stay back and hunker down in anticipation of better trading conditions. No occasional surprise move along your trading direction is worth the mental turmoil and slew of losses you will most definitely have to endure in between. And remember – it’s late summer and although the rumor mills are churning out hype and biased opinions at full blast actual market participation remains muted. Not exactly what I would call prime trading estate for banking coin. Remember: You can’t force the market to [...]