Emini FuturesCast / The Daily Pod 07/28/11
Deal or No Deal?
Where's Howie when we need him? Oh that's right... America's Got Talent, not cash.
China considers putting U.S. on eBay.
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This show is so good because it not only talks about the markets , which we all are enthralled with, but also about finding out about ourselves and how it relates not only to our trading, but maybe even more important about how we see ouselves in the world we live in and how from the knowledge we take from this show can make ourselves a better human being in our life here on earth--I'll say it one more time"MAN I LOVE THIS SHOW"-thanks guys
Deal or No Deal?
Where's Howie when we need him? Oh that's right... America's Got Talent, not cash.
China considers putting U.S. on eBay.
The perfect trade. The endless summer. And other romantic nonsense.
"I’ve missed more than 9,000 shots in my career. I’ve lost almost 300 games. 26 times I’ve been trusted to take the game winning shot and missed. I’ve failed over and over and over again in my life. And that is why I succeed."
- Michael Jordan
There's the perfect trade, the endless summer and a small yacht in the Bay of Your Choice all rolled into one big idea. Stop looking for the Holy Grail and embrace the Holy Fail. You may never become a Michael Jordan but that's how you become a trader.
There's not enough white space on this page to hold everything we talked about on today's show. We did however, manage to squeeze it all into one podcast. 1hour:55minutes:41seconds of the very stuff that made us famous. Just click the headphones please.
The DUH Trade
On the show today, near the end... I pointed out the chart below. (live in real-time) I said "Tonight people will look at this chart and be amazed that they didn't take the trade."
Today was MONDAY! Verified. The good news is, despite dealing with the debt ceiling, the markets showed up for work on time and put in a full day. Did you? Or did the Monkey keep you too busy? We do encourage you to comment here on the blog regarding your Monkey or whatever else is on your mind. It's called community. We are a Community of Believers Who Trade For A Living. Do your part please. Give back, get involved, make a difference! We're only as strong as our weakest link...
We are waiting for a White Candle to appear on the ES Hourly Chart. Once we have the "Poential Change of Trend Warning" we will look for an opportuinty to Buy the Market based on our smaller time frame setups such as the 10k or 2100t.
Be patient, just like the last time, there is no rush.
See you at the open - https://www1.gotomeeting.com/register/645596673
There is a term, "monkey mind", that goes back 1000s of years. Basically your mind is always going - 24 hours a day, 7 days a week. Most of the time we walk around in a zombie-like state and don't even realize that our mind is churning away, thinking crazy thoughts, running through crazy scenarios, bouncing from branch to branch like a rabid monkey.
The initial goal of meditating (to me) is simply to become aware of all this activity, to observe it in action like you are an un-attached third party. Once you do learn to observe it, you will never be the same.
It's complicated. Listen to the show and you'll understand. Yes. We covered the markets. ALL of them.
Partners meeting gotta' run...
E-Mini S&P 500: Selling opportunity!
The E-Mini S&P 500 is gleaning the optimism on the “progress” of the US talks on the debt ceiling, the accord by the leaders in the Euro Zone for measures to bailout the debt-ridden countries and the earnings reports coming in. The cup appears to be half-full as the market has risen since turn-around Tuesday. The claims filled out by Americans seeking unemployment benefits had risen this week 10,000 to a seasonally adjusted 418,000.
If you nailed this off the last video - CONGRATS!
Please feel free to share the Good News.