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New?Last PostPosted By#Subject
7/31/12 (22:21)Don Mead1Trade the Trend - Not the News
7/31/12 (0:04)Don Mead1All Trends Remain Up
7/29/12 (0:00)Don Mead1Occam's Razor
7/26/12 (12:42)Don Mead1Buy Signal
7/26/12 (10:19)Don Mead1Alert
7/19/12 (11:41)Don Mead1Overbought to the EXTREME- But Still LONG
6/22/12 (14:31)Don Mead1Coupon codes for $50 and 25% off!!!
 
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Subject:Trade the Trend - Not the News
Posted by:Don Mead (Admin) ( C2 Score: 998)  New msg
 
Ignore user's posts for week month forever
When:7/31/12 (22:21) 
Systems:
 
We cannot possibly know what will be contained in the Fed's statement tomorrow or whether they will in some way hint towards or announce some form of further QE stimulus. We further cannot possibly know what the ECB will or won't announce or implement. We cannot know the ADP or NFP numbers in advance. Even if we could know these things, we still could not possibly know how much of this information is "baked in" nor how the market will weight each set of data or information.

But the good news, as said earlier, is that we don't have to know any of that to trade far more succesfully and profitably than the rest of the street. What we do need to know is the TREND of the market. And we DO know that. In fact we know the Primary Trend, The Intermediate Term Trend and the Short Term Trend, and we track these all daily {and nightly}. In the top section these trends are detailed: Primary Bull Market, Intermediate Term Uptrend and Short Term Downtrend which was triggered at 1 PM today at 1381 SPX. Those are the elements that drive our trading - not news, expected news, sentiment, targets or anticipated turning points. We leave all of that to others and simply trade the trends underway right now. Occam's Razor.

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http://sevensentinels.com/issue/2012/article/july-31-analysis
  
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