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Also, if things get out of hand, the market can rip right through support. I would not want to be short premium anywhere, even the Euro, Aussie etc. You can look at a chart and say the market should turn in this area (We are close to it or in it with the Euro. Aussie weekly looks like it's...

Gold broke down at the end of the day Friday as well.

Would not want to be long equities here. In general I'm not bearish, cause you have a long long upward bias to the stock market. It's just that now we have the ten year under pressure and the usdjpy going down while the dollar goes up. So far. Something doesn't look right, and the tape is funky.

Still stalking the Aussie, Nzd short. Usdjpy looks like it's breaking down again, but I would expect some consolidation. The weekly TL looks like it's breaking or about to break depending how you look at it. Gold had a weak rally. Looks to me like some kind of big risk off move is starting, but...

Out 1.2906.

USDCad same type of action, not as strong. 4hr chart really bullish. I'm long from 1.2893.

USD Jpy 1.0968 just trapped some shorts in the past few hours. Looks higher but needs to consolidate for me to touch it.

Thinking more chop and countertrend action going into the holiday weekend. BTW I woke up this morning with the song Two Buffalo's in my head. Rolf Harris. There was a famous Dj in Hartford CT USA named Bob Steele and he used to play it once in awhile.

Aussie really hasn't broken through, though it's had plenty of time to do so. Gold has rallied, that should have been enough. Staying out of flatness for now. .7572 resistance right here.

In my experience it comes from an awareness of reality.

"The essence of pathology is to know the norm."--unknown.

If you're trying to explain what the markets are doing right now and at the end the receiving party asks you "why?", then It's just not going to work. But that's what you learn in school. Endless explanation attempting to establish causality.

Even if you have some natural talent as a kid, you're most likely going to be institutionalized first. There goes most people's ability to think for themselves. It wasn't until I started to study inferential thinking that I had any chance at all. Anomalies rule! Haha.

Out of Aussie at a small loss. Done for the day.

Perhaps the Porsche- in -the -lake scene from Risky Business would illustrate it better. That pretty much sums up my early career.

Trying to learn trading is sort of like being a new recruit in the army and they give you a job stacking hand grenades and they tell you under no circumstances do you pull that pin. Teaching trading is like being the officer and you know as soon as your back is turned they're trying to figure...

When I was in Chicago learning how to floor trade(which I never ended up doing), Mickey Hoffman used to tell everyone that it took a thousand trades to become a trader. Of course no one believed him. We just stood there with our mouths open like typical noobie traders. Anyway the number is higher.

I've only just heard of The Secret. But as far as Attraction and manifestation, of course. I don't do enough work along those lines. The best example I ever heard was the late Jimmy Sloman and his experiences coming to Chicago to trade. I got to work with him at a Van Tharp seminar back in 1991...

Well, kinda the same for me as far as trading. My mentor taught me how to think, he taught me a way to think that made it possible to disregard or unlearn all the crap I learned in school.

By then she was on to the next conspiracy theory. It's not that her information was bad, she just had too much of it.