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Looks like a long to me. I'd do it right now. Some risk of a pullback to 56-57, but I don't think that will happen. Even if so, price should be supported by the larger bullish trendline and inverse HS support at 57. Shouldn't go below 54. One bad sign is decreasing volume on the way up since...

Nice Blog. Interesting content and nice graphics. I believe trading is part-science, part-art form. But the "scientific" portion is the whole reason I got into trading in the first place. One definition of science is identifying general truths or general laws that govern a system or the...

I doubt there is a "curse of the trader". Getting into business school is largely about how you present/sell yourself. You need a great story. You can't just say I want to change careers and move into "xyz" field. All of the elements in your admission package should support and supplement your...

There were a number of traders in my MBA class (UChicago), but since I knew nothing of trading back then, I don't know what percentage, if any, were from prop shops. You do need to demonstrate leadership and teamwork skills, so you'll need to supplement with extracurricular activities. Take a...

Study Wyckoff---how the smart money accumulates and distributes shares over time, that eventually give way to large moves

Based off the chart, I see the potential for a major breakout with Intel. A multi-year base breakout.

Nice call!

Saxo Bank? http://www.saxobank.com/forex-options/

I like this trade, except your stop loss is tight. I'll consider this trade if we get a retest of the trend line on the daily, which is around 102-103, so basically I'll enter this trade if your stop is hit :p

Because the technical structure I see on many stocks seems to indicate they are basing for a move higher. But that move higher would then encounter significant resistance levels that I think will result in the market correction the OP is talking about.

I think we have another leg up before shorting.

LOL yeah, I can do my regular job in 2-3 hours a day. I do my trading in one hour a day, in the morning, and then that is done too. I probably need a more challenging regular job, could try to move up to a director role I guess....

Here's another bright side: management roles get paid pretty well in some companies, especially when you get stock options and the stock market is up a gazillion percent! Technically and analytically, what I do now is easier than what I did as a chemical engineer, although it can get complex...

Janitor job pays very well. I consider trading a secondary business, and although it took me years to learn, it goes very well. Today was fantastic--long the Euro! How bout this? I show my TRACK RECORD, and see what they have to say? Except I dont want to do that. I like it as a secondary...

See I don't do any sales in my job. I manage inventory levels for a manufacturer. But maybe every now and then, I do have to sell my ideas to people. So I guess by your logic, I am actually truly a salesman in real life, not a supply chain manager, but a salesman!

That's not proof. That's stupid logic.

EMG I hope you aren't a trader. You're a poor thinker. Your logic: Person A has a MBA and is a great salesman. Therefore all MBAs go into sales and are great salesman! Company X has a sales job that prefers someone with a MBA. Therefore all sales jobs must be filled with MBAs! Did...

Wrong. MBAs aren't hired that much in sales roles. Why? Because you don't need a MBA to be great at sales. MBAs typically did well in their prior career, and use the MBA to move into higher roles within that career, and some use it to change careers.

Yes, sales is a part of business. But so is marketing, finance, supply chain, strategy, human resources, accounting, etc.

Also, with respect to investment banking or consulting, MBAs aren't generally involved in the sales process. That usually comes from a higher level (Partners, VPs, Directors, etc). MBAs are the busy bodies doing all the work. Had many friends in those roles, and most of them left after a few...