A very mind opening Documentary to a viable alternative to nuclear energy . I can honestly say i was not aware of this alternative until watching : The Thorium Dream  .

The Thorium Dream

” Trading Quotes Series “

Thoughts from the Trading Floor

Market remain resilient in face of downgrades

Last week was another quiet week for markets as a whole, with equity markets closing slightly higher over the five days. This was in spite of S&P ratings agency cutting the ratings on many European nations on Friday – with France and Austria in particular losing their AAA rating. The market did sell off on the initial release to the news wires by ‘EU sources’, but soon bounced heading into the European close. The equity markets seem unconcerned by this action, with many suggesting the downgrades were generally priced in as people expected these downgrades at some point over the next few months. It is still surprising to see the resilience in the face of two countries losing their AAA rating, but for now the markets seem to have dismissed the impact this could have.

Volumes remain light

Volumes remain incredibly light across all the major indices. The S&P500 futures traded more than two million contracts for the first time this year on Friday but barely crossed this line. This compares with most days in November and early December where between two and three and a half million contracts were traded. This shows just how little people and institutions are trading at the moment, and is probably reflected in the lack of any real direction since the turn of the year.

Technical outlook

After Friday’s price action, you have to lean toward the bullish side. If the markets were going to come off, Friday’s announcement by S&P would have been the perfect time for it to do so. The S&P500 futures were capped last week by the weekly trend line from May and July’s highs, which came in at 1297.50. This week that has moved down to 1295.00 and this will need to break if we continue higher. A close above here this week would should lead to further buying as we head into the end of the month. To the downside, 1267.50 and 1260 remain key area of support. If the markets do turn, a weekly trend line starting from October’s low and up through November and December’s lows now comes in at 1238. In Europe the FTSE100 closed the gap on Friday which had been in place since last year but bounced from there. If we continue to bounce and get a close above 5670 expect to see 5760 tested soon after. The main target to the upside for the Dax will be 6440 – October’s high, but the double top from last week at 6265 still holding at the moment.

Important events this week.

Monday: US Holiday – cash markets closed
Tuesday: DE ZEW, US Empire State Survey, Citigroup, Wells Fargo
Wednesday: US PPI, Industrial production, eBay, Goldman Sachs
Thursday: US Initial Claims, CPI, Housing Starts, Philly Fed, Bank Of America, Morgan Stanley, IBM, Google, Microsoft, Intel
Friday: UK Retail Sales, US Existing Home Sales, General Electric

Just a Little thought that come to mind thought i,d share it with you .

Have a Great Weekend and successful 2012 Trading all.

Reflecting on the past year  trading performance , One of the main things that comes to mind to  sum up 2010 going into 2011 is the word Consistency -

Last January I was feeling Motivated and had set my goals  – Fast forward to the end of 2010 and I’m up for the year -

But this is no time for me to be feeling complacent or fall into ones comfort zone –

Its time to start feeling motivated again, and feel happy to take my experience from 2010 and carry it forward into 2011 .

“ CONSISTENCY ” is a word that must always sit in our minds -  it is very important because it not only takes you Right out of your Comfort zone it challenges you as well .

That,s what we should all remember, no matter how much our P/L performance is a reflection of our praise and recognition , Just remain consistent in what you do -  realize this and your work will continue to show this .

Me and consistency our best friends right now and more or less married because it reminds me to keep on contributing to my goals no matter how good I feel .

I hope to continue my goals  as a trader by learning from the market, from other people and from my mistakes on a daily basis including keeping my passion for the lifestyle/Job .  So it’s that Time of year once again to hit the reset button with a fresh Renewed respect for the market, humility, determination and a willingness to succeed - All vital traits to uphold and improve on in developing a consistent and successful approach to not only the markets but in life itself .

In closing -

The only thing that stays consistent in the markets are the 95% of people who remain inconsistent .

Remain consistent is EVERYTHING YOU DO .

Wishing you the best for the year ahead.

As for my new 2012 resolution its Refinement .

Refinement: the process of removing impurities or unwanted elements; the improvement of something by the making of small changes

A career in trading  is an ongoing refinement process although I constantly look and strive towards this at the end of each daily/weekly debrief process, to review my performance to remove impurities or unwanted elements, and to improve overall profitability.

The transition successfully toward profitable trading is to consciously undertake a process of funneling or refinement to develop a consistently profitable and controlled trading strategy .

So that,s it for 2012 Refinement SMALL but important changes to my trading edge .

PERFECTION IS ACHIEVED, NOT WHEN THERE IS NOTHING MORE TO ADD, BUT WHEN THERE IS NOTHING LEFT TO TAKE AWAY.

The baldy one has spoken – Copyright © 2012 tweeterTrades

Life resolutions New years Resolutions

Here’s an excerpt:

The concert hall at the Syndey Opera House holds 2,700 people. This blog was viewed about 12,000 times in 2011. If it were a concert at Sydney Opera House, it would take about 4 sold-out performances for that many people to see it.

Click here to see the complete report.

For your viewing pleasure .