stoictrader

Archive for January, 2012|Monthly archive page

Charts – 2012, Week 5

In Charts on January 29, 2012 at 5:20 pm

Some weekly charts for the fifth week of 2012:

1.

GBPUSD Descending triangle breakout for a possible run towards 1.66...?

2.

GBPUSD This is the 4-hour which shows the intraweek breakout and KYM (kiss your momma) retest. Bullish, but lets see if it continues to follow through.

3.

EURJPY - The bullish intraday has my attention, but we can see it is still within the longer term weekly downward channel

4.

EURUSD After failure to get to 1.25, maybe this is the beginning of a run to 1.400?

5.

EURCHF All eyes on the politicos for this pair. I'm loving how it is hugging the upper trendline. Break either direction could be drastic.

6.

USDCHF continued move away from resistance

7.

Silver 4-Week counter trend move has my attention as it gets closer to resistance

Advertisements

London aerial

In Uncategorized on January 27, 2012 at 7:40 pm

Europe’s tallest building nears completion.  The London sklyline from the Shard.  Pictures: BARCROFT/Jason Hawkes

 

 

http://www.telegraph.co.uk/news/picturegalleries/uknews/8737329/The-Shard-rises-above-Londons-skyline-Europes-tallest-building-nears-completion.html

 

 

Charts – 2012, Week 4

In Charts on January 22, 2012 at 7:19 pm

1

Cable moves up strongly but still fits both the shorter term downward channel and the longer term ascending triangle. Have we already seen cable's low for 2012?

2

USDCHF weekly resistance defiantly held

3

USDCAD weekly is confused IMHO

4

GBPCAD mid channel on the weekly

5

AUDCAD weekly ascending wedge continues

6

EURUSD maybe there is an inverse H&S pattern forming on the weekly?

7

EURGBP quite a battle. H&S target (if H&S was valid) is lower

8

Silver weekly down channel

9

Gold weekly upwards or downwards channel may be confirmed this week

EURUSD – Techs and doubters

In Market Commentary on January 19, 2012 at 7:51 pm

Diamond reversal, channel breakout, psych 00 level broken...? All bullish signals, but lots of doubt. A technical trader has to buy. Right?

Charts – 2012, Week 3

In Charts on January 15, 2012 at 5:18 pm

Some Weekly and Daily charts from the third week of January.

1

GBPUSD 3-year Weekly ascending triangle, but downside to 1.51 in short term

2

GBPCAD Weekly still in trailing 12 mo range

3

GBPCAD Daily bearish channel

4

GBPAUD six month channel broken to downside

5

EURUSD still very reluctant below 1.265

6

AUDUSD Daily wedge; diamond breakout bullish

7

AUDCAD wedge breakout to upside; but still at six year highs

8

USDCHF bullish sentiment, but right at trendline resistance

GBPUSD Obeys

In Market Commentary on January 14, 2012 at 1:59 pm

It is incredible (or not) how GBPUSD obeyed the channel to the pip on the hourly chart all week.  I should have more to show for such trading conditions.

GBPUSD Hourly Channel

Charts – 2012, Week 2

In Charts on January 12, 2012 at 1:50 pm

Some Monthly, Weekly and Daily Charts from the second week of January.

CADJPY Daily Wedge

EURCHF Daily Support

USDCAD Weekly, New Developing Trend?

GBPUSD Weekly Ascending Triangle

EURUSD Monthly Support

EURGBP Weekly Wedge Breakout and delayed H&S neckline breakGBPUSD Monthly Ascending Triangle

GBPUSD Daily Descending Triangle (inconsistent with Weekly/Monthly Ascending Triangle)

USDCAD Daily Wedge

Charts – 2012, Week 1

In Charts on January 5, 2012 at 1:27 pm

Stoic Trading

In Uncategorized on January 2, 2012 at 5:30 pm

Stoicism teaches the development of self-control and fortitude as a means of overcoming destructive emotions; the philosophy holds that becoming a clear and unbiased thinker allows one to understand the universal reason.

The Stoic ethic espouses a deterministic perspective; in regards to those who lack Stoic virtue, Cleanthes once opined that the wicked man is “like a dog tied to a cart, and compelled to go wherever it goes.” A Stoic of virtue, by contrast, would amend his will to suit the world and remain, in the words of Epictetus, “sick and yet happy, in peril and yet happy, dying and yet happy, in exile and happy, in disgrace and happy,” thus positing a “completely autonomous” individual will, and at the same time a universe that is “a rigidly deterministic single whole.”

I hope to use this blog and twitter to apply some of these elements to trading.