TED talk: Your body language shapes who you are

I thought this TED talk is definitely worth watching. My weekend 21 minutes well-spent.

“Body language affects how others see us, but it may also change how we see ourselves. Social psychologist Amy Cuddy shows how “power posing” — standing in a posture of confidence, even when we don’t feel confident — can affect testosterone and cortisol levels in the brain, and might even have an impact on our chances for success.”

As I tweeted before, I will be on 1-month vacation to Southeast Asia, so trading will be light to none.� Have fun with your year end trading, and see you next year.

A gap trade example 18 June 2012 : $AUDJPY

I have stopped posting my trade long time ago for various reasons. Anyway, I thought I might throw in an example today to show how I trade gap. In fact, I am not really sure if �I can call this a gap fill strategy, as it is basically a simple support/resistance trade. After all, everything comes back to your level. Define your level, and plan a trade around that. That’s what I am doing.

Here is 5-minute chart of AUDJPY. �There were quite a number of FX pairs with Sunday gaps this week, I picked this pair as it was showing me the cleanest setup at the time I was back to my workstation. I waited for the pair to retest the 5-min level, and put the target at the gap opening , the end result gave me slightly more than 2R.

$AUDJPY M5

Pre-market preparations by Linda Raschke

Found this clip on Youtube. Linda Raschke�discusses her pre-market preparations, technical and fundamental analysis, and important steps traders should take to prepare for each trading day.

The Whipsaw Song by Ed Seykota

OK, most of you may have listened to this song by Ed Seykota from other blogs’ links. But, I am going to post it here again, as back up. 😆 Man, it is an interesting song. Enjoy. Trading should be fun, like this, no? 🙂

Here is the lyrics ( From The Trading Tribe)

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Linda Bradford >> Time tested trading rules

I read an article by Linda Bradford Raschke about Trading rules. It is pretty long, but great. Maybe you have already know these rules, but, maybe you are just violating them every other day. It is time to review my trading rules again.
Here are the rules I quoted from her article:

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