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Wednesday, 4 March 2009

I'm enjoying the Mount JPY climb!! Are you?

Good evening ladies and gentlemen

I hope you all had a good day in the markets and got plenty or maybe a little loving! If you didn't, learn from your mistakes as only you are accountable for them!! Most of all remember there are always other opportunities for you to get your just deserts, of course the smart money way!!

For those of you that know your geography will know that Mt Fuji is the highest peak in Japan. Imran and I climbed it to the summit in 2007 in half a day. It is not the most gruelling of climbs but still a challenge none the less. The view of the sun rise at 5am was breath taking and the rewards from any such challenge are always worth the sweat!

Some of you readers may already be in this or have this on your watch list if you had been following fellow Jedi Master Apprentice Richard's updates from last week. In comparison to the climb, the rewards from entering the JPY were much easier to come by today if you did your analysis and unleashed your love catching tools!! Knowing what we know about RN, where would you have expected the climb to reach or maybe head to looking at the current direction of trend on the daily?











Now I needed a smart money entry point and scanned the time frames till I found one. Out came the ESLT!!







Look at where we finished for the day and feel we may still have some strength in the climb before we see the sun rise we want! Of course the higher we go the more love we get the better the view!!!

If like me you are a day trader, good management is essential. You do not want to give money back to the markets that is now in your possesion but still have the balance of letting your profits run.

With yesterdays riddle, some of you like fellow Blogger Richard know the Gooner! The answer to the gap fill was of course "Trading"!

A poet once said "______ is not the worst of failures. Not to have tried is the true failure."
Answers tomorrow!

Abundance is your Birth Right

Zaheer Anwari