Mp -- 6.24.2011 Wrap Up And Thoughts
A wonderful week which ended with a rather dull sort of friday, but overall the rewards should have been good enough to allow you an extra piece of smoked bacon in your Quiche Alsacienne au gruyere this weekend (assuming your broker didnt run off with your profit to Guatamala or points even more southern, where it was split between the cartels to purchase AK-47's.
Sunday should be a continuation of the UPSIDE (4216, 4222 (H1 chart), 4248 (15 + 30 min chart), and greater (there's a whole bunch of UPSIDE trades which were listed on thursday which we havent yet reached posted below that counters the DOWNSIDE that was so great this week and prepares for the NEXT DOWNSIDE MOVE ---- and YES, the overall trend is still very much DOWN (BEARISH as the pro's and wannabe's would say, but to me its just DOWN) into the 4100's (4140 H1 chart + 4111 ON THE DAILY) and even 4087 is down there smiling away. (and there's more coming later on)
BIG clue to direction on sunday will be which direction it starts off on --- "normally" (if there is such a thing) if we head DOWN on the open, we will reverse within the hour or half hour and head UP for the remainder of the day, with the usual ups and downs as the price attempts to reach the moon.
Naturally, head up on the open and we head down to support and then head for the UPSIDE
Those who miss Sunday tend to give up a decent bit of profit, especially gaps, either up or down, but I shall be here at the same old popcorn/hot dog/baked chestnut stand under the rock as always, smiling as my almost superhuman trading abilities help destroy the major banks in the european countries, if only to remove some smugness from their faces.
enjoy and trade well (a phrase stolen outright from Toni Turner, my mentor and greatest trading influence -- THANK YOU FOR ALL THIS TONI !)
another thought for the day, most appropriate to hot dog vendors who aspire to financial greatness - - - - - -
THE OBJECT OF LIFE IS NOT TO BE ON THE SIDE OF THE MAJORITY, BUT TO ESCAPE FINDING ONESELF IN THE RANKS OF THE INSANE.
M. Aurelius
BTW -- one may notice that I do not maintain a SERIOUS attitude during all of this fun and could not imagine doing such --- we play a wonderful international game of monopoly here and its primary function is to be enjoyed. Once you start enjoying it, the money almost automatically comes forth, which of course is not any different than the rest of life, is it ?
"LAST THOUGHTS" section of this diatribe ---- soon, because of the United States super stupid retail forex rules, it becomes incumbent upon me to charge for my services which then allows me to palm myself off anywhere in the world as an "advisor" which then allows Switzerland's Banks to allow me to trade the way traders were supposed to trade, both up and down at the same time ----- towards that end, I will be doing "private posts" only for those who pay the outrageous fee of fifty cents a week, or month or whatever i decide. Understand that I make a very nice living and future on forex alone (21 thousand one lot pips for the week), without bringing in the precious metals or the Index trading, so charging for my services is FORCED on me (your 50 cents is really NOT going to help with food on the table) and so the amount I do come up with will never change over the years except to keep up with the cost of running the private posting area --- considering inflation, the price of bananas, gas, a 6pak or the price of two nubiles for the evening, thats a pretty danged good promise.
