Patience

Right now it's time to be patient - just like the dog above, because we don't need to find ourselves getting foolishly into a trade and then experiencing some nastiness. So, we gotta be patient right now. I'm looking for a bullish entry, but first I want to make sure that the markets all line up. Here's a screen shot of the SPY, IWM, DIA, and QQQQ - i.e. "the markets".

The key things I'm looking for is the markets to start gaining momentum to the upside. I'll be able to tell this via candles and the stochs. I'm not getting into exacts right now to explain my trading, it's just going to be a work in progress and you'll learn as we go.

I'm thinking we have another day or two down and then we go back up. However, being as close to the 50 day moving average as we currently are, we could be ready to pop back up on Monday.

Until we do get our entry signal - just be patient.

I DECLARE WAR!

I declare war on the markets.

Losses have occurred, frustration mounted, and a hiatus was taken. The plans have been re-drawn and the axe has been sharpened. Time to take the stored up wealth from the market for re-distribution.

Proverbs 21:5

"The plans of the diligent lead to profit, as surely as haste leads to poverty."

Proverbs 16:3

"Commit to the LORD whatever you do, and your plans will succeed."

Proverbs 13:22

"A good man leaves and inheritance for his children's children, but a sinner's wealth is stored up for the righteous."

Ecclesiastes 2:26

"To the man who pleases him, God gives wisdom, knowledge and happiness, but to the sinner he gives the task of gathering and storing up wealth to hand it over to the one who pleases God."

So, look for some trading coming soon. I'm now actively looking for new trades. I'm not going to go over my revised and inspired style of trading, you'll see it as we go. Right now the markets aren't in a position where I'll put on any new trades. However, when I do put on a new trade, it'll be posted.

I'm looking for great set ups and looking for great returns, some quick, some not-so-quick. But all profitable.

Get ready.