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March, 2016

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Support and resistance again!!

Today I came across another classic example of support and resistance. I often review things that I had already learned so as to etch in my brain the importance of the concepts. The chart below explains more.

Change takes time

Most trainers talk about discipline. In fact they over-emphasise discipline so much that it becomes a ‘pain’. But there is another aspect to discipline which involves pain. Remember ‘No pain, no gain’? As a noob you really don’t appreciate that much what this ‘discipline’ is about. Well, the markets inflict their own callous discipline on noobs – that’s a different sort of pain. From that pain comes a newfound discipline. ‘Feelings’ about the market causeRead More