I need to recant what I said in my previous blog. The news does play a part in which way the markets move. They move because of people's reaction to the news. When you can read what a person's reaction might be to the news, then you're a step ahead. Behaviors drive the market.
However, as a trader to not react to the news, one needs to take the emotion out of trading and stick to fact-the charts.
Bob and Jan
Christmas Eve
Showing posts with label commodities. Show all posts
Showing posts with label commodities. Show all posts
Tuesday, February 1, 2011
Tuesday, January 11, 2011
An expert is right under my nose...
When it comes to trading commodities, Bob is so good. Every time I predict the markets to move one direction, because of the weather or something else in the news, news we get before the rest of the world, the market moves the opposite direction. However!, however!, when Bob predicts a move direction, he's right - dag-nabbit! I guess I'm still learning. I should pay attention to the expert right in front of me; instead, of trying to do what the gurus are saying on the Internet.
T and I will be a good team someday. :-)
T and I will be a good team someday. :-)
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