Do you want to have a great empire? Prevailing first about yourself Publio Siro – we sometimes forget in this huge avalanche by competitiveness, progress and personal fulfilment, of aspects that make human beings not only reaching the top that, but stay in it. Only entrepreneurs who apply a vision of leadership with integration of aspects, are those who advance firmly towards their goals. 1. Proactive vision, is the entrepreneur who takes the initiative, who acts for himself, who is committed and firm keeps its commitments, that acts immediately against the stimulus, i.e., the proactive entrepreneur has acquired the ability to develop an effective response to the requirements level. The word proactive, means not only taking initiative, but it also suggests the responsibility we have on our life, conduct, actions and impact, to make decisions. Get all the facts for a more clear viewpoint with U.S. Mint. Take the initiative does not mean to be pushy, annoying, or aggressive. Means recognizing our responsibility to do that things happen. Take the initiative is preventing the disadvantages and solve the problems that arise and eliminate any possibility of inconsistency and postponement.
2. Applying the leadership, who begins with a project in mind, but your idea is so clear and structured, it manages to convey in a simple and comprehensible to people who follow him. It is who allow different views to enrich the project and promotes the full participation of all members. It relies on the personal leadership for achieving the proposed goal. 3 Maintain a powerful independent will, is who projected their personal future towards high levels of accomplishment, with effective planning, clear vision and courage to take risks.
And in addition it paves the way for those who come behind and enrich their own project. 4 Set win win, in all plans and relationships. There are six paradigms of human interaction which are win win; I win you lose; I lose my desire; I lose I lose won; win win or there is no treatment.
Shopping in the rising and Sales in lowering trend in the majority of traders do not coincide with the rhythm of the market. Please note that we do not consider cases in which trade is created at the time of birth trend. Now we are talking about how they should behave within the trend. And for this situation are the best ways to enter the market based on the use of trend lines with the support or resistance, defined by the last completed movements. So, here are two the best point of allowing to enter the trade with a high probability of success at a relatively small proportion of risk in the market trend. In each of them assumed the use of limit orders, and only occasionally – the market if It has a good reason. Point 1.
Buying from the line of the uptrend in the third contact. An uptrend is defined as prices rise. We have an opportunity to draw a line with a slope up. She held on two consecutive rising grounds price bars with respect to the absolute bottom of at least two previous and two subsequent bars. The best time to enter the market occurs when third touch price trend line. At this point, of course, need to buy – and buy only (Fig. 1). Using this technique, you should inquire in advance of price levels, which may be different – depending on the addition, at what point will touch the price with the trend.
You can see that trading is fully consistent with the general plan of life? If not, you can wait for the collapse. It is vitally important to know who you are, where you were before and where are going now. It is possible to understand the mind, but emotionally difficult to clearly understand its place in the path of life and know exactly what you want to do on the scale of travel from now until the end of life. If the trader does not know the answers to these fundamental questions, it is likely all outstanding issues will affect trading results. Not easy to find the answers to past and future psychological disturbances.
It takes some reflection and understanding that some problems never resolved completely. So what do ordinary trader? When we discussed this problem in the past, many people asked us how to get rid of past emotional load. A pair of teachers Trading believes that some people can get rid yourself of the emotional load. Indeed, one can achieve a lot, just reading an article on self-improvement website. If a person has a deep-seated unresolved psychological problems, he is guaranteed some form of professional help.
But for many traders the key to solving problems with a load of emotion lies in the practice of self-awareness. Psychologist Carl Rogers believed that people's past conflicts lie immediately beneath the surface of their consciousness. If they would simply be assertive enough and allow your mind to think freely, they could identify psychological problems. Basically, you need to consider who wants to to be a trader, and fairly compare this ideal with what he actually is. If there is a discrepancy, will be felt stress and anxiety. Solution can be found in changing the goals or life plan. For example, if a person is convinced that he should be a good husband and father, and the time he devotes trade permits, he will feel uneasy and ambivalent in regard to trading. Something needs to be changed. He did not should give up to trade, but he needs to investigate the problem and come up with a solution. Perhaps he should allocate certain times to communicate with his wife and children. Importantly – an attempt to throw the problem out of your head will only lead to trouble. Ongoing psychological conflicts require understanding and solutions. Relentlessly honest look at the aspirations, constraints, and real opportunities can help you get rid of past emotional load. If you work on it quite successfully, you will be able to concentrate on trade and develop a winning mindset trader.
The Dow Theory was developed in the early twentieth century to assess the overall state of the economy, but in the future speculators took her into service for the market analysis. Dow Theory is composed of 6 ideas. Index takes into account everything. All information which is available to market participants immediately accounted for in share price. The market constantly, there are three trends. The first trend – global. It lasts for years. The second trend – the movement against the main trend, ie it correction, which may last several months.
The third kind of trend – a slight movement of the second trend. In this case, their direction may coincide with major market movement, and whether to be against him. Home trend has three phases. The first phase – a period of decline in the economy. The bulk of investors’ negative attitude to investment. Recommendations of brokers and experts – to sell. Stocks and other assets are very cheap.
During this period, most informed and far-sighted players are anxious to buy assets. The second phase is characterized by improved overall economy. Come into play, technical analysts, who noted a clear reversal trend. At the third phase has a peak in corporate profits, is the rapid growth of the economy. The general public begins to aggressively buy all types of assets. However, investors who bought in the first phase are gradually close their positions. It is worth adding that the market tended to remain investors buying on the first and second phases. the rest of the audience does not make big capital ilivovse loses a significant portion of their investment. Indices must confirm each other. This means that if the indices move in one direction, but in this case the market is a clear trend. Trend remains unchanged, there is no clear signal changing trends. Until all stock market indices do not show apparent reverse trend is unchanged. Volume must confirm the trend. Volumes should grow in the direction of the prevailing trend. Recall the third idea of the theory of the three phases of the trend. The volume will increase when the game will include all new members. Despite more than a century, Dow Theory does not lose its relevance in the present. As an example, look at the timetable for any action a large company and before you invest your money is to answer the question: what phase is now on the market?
The stops are being placed in the preset range with respect to most currencies, and number of operators who were short of the USD eventually profits. The book fell of the top night in the traded at 1.4232 to the 1.4080 area, while the pair EUR / GBP was around 0.9200. The Euro area recorded highs of 1.3072, however, the pair then fell to the area of 1.2980 to the close. It is understood that those who were long took profits recently. The estimated level of support in the 1.2880 area and stops are being placed on 1.3030, so that total volatility. If the pair fell several analysts see a buying opportunity. USD / JPY in the area recorded maximum of 95.66, but later was around 98.00 for a short period, despite a firmer dollar.
The pair ended the day in the area of 98.20, however, it is estimated that if the stock market fell, the USD / JPY will be under great pressure in the short term. The performance of exporters Nipponese undoubtedly has an influence on the pair slightly. In my view, the assumed strength against the dollar begins to recede. With the sudden improvement in global stock markets, and with some apparent progress with respect to the treatment of other economic issues, several operators will be decided by selling dollars. Double Action is awaited for the next 24 hours, but with a tune bearish for the greenback. GBP / USD Resistance 3: 1.4350 Resistance 2: 1.4320 Resistance 1: 1.4250 New York: 1.4053 Support 1: 1.3860 Support 2: 1.3780 Support 3: 1.3720 CFDs The pair maintained the maximum earnings taken and recorded at night, the stops are being installed in 1.4050.
It tested the level of support. The stops are placed at established ranges. A long-term resistance level is estimated at 1.5000, but the stops are placed above that level. It follows a two-way trade, so it is estimated that more operators are putting short positions. Tuesday: All times EASTERN (-4 GMT) 5:30 a.m. GBP DCLG HPI y / y 4:10 pm BCI King talk EURO GBP / USD Resistance 3: 1.3100 Resistance 2: 1.3080 Resistance 1: 1.3050 New York: 1.2985 Support 1: 1.2850 Support 2 : 1.2720 Support 3: 1.2680 Comments The pair continued to pound two-way, maintaining the level of support on 1.2880. The upper stops in the 1.2950 fired. Several operators in the area bought weight of 1.3000. Aggressive traders can settle in the area of 1.3000. It looks a trade two-way with great volatility. Tuesday: All times EASTERN (-4 GMT) 6:00 a.m. EUR ZEW Economic Sentiment 6:00 a.m. EUR German ZEW Economic Sentiment 3:15 pm EUR ECB’s Trichet will speak Join us for the Afternoon U.S.
The Euro also came under pressure when unfavorable news was announced. the German GDP revised down, and several traders sold euros. The Euro area recorded highs of 1.2831, and the lowest in the area of 1.2663 at the end of European trading session, both pairs, the EUR, and GBP, were within established ranges, so that understand that yesterday’s gains will not continue to the end of the week. USD / JPY also came under pressure, several exporters sold the pair in the 98.00 area, the maximum recorded JPY in the area of 98.10 after yesterday’s gains. The pair recorded in New York minimum area of 96.25 in the morning. On the other hand, the USD / CHF remained strong, with peaks not captured two years ago in the evening session, recorded maximum in the area of 1.1919, 1.1839 and minimum in what was a quiet session, compared with the other pairs. The stock market will be in the spotlight this morning, the DJIA is maintained with some downward trend. In my view, the USD will remain a safe haven because of fears over the global financial crisis, the issue of liquidity is still the central issue, and once this happens, Americans will produce the basic data a drop in the greenback.
The G-20 meeting scheduled for the weekend, you might add a pick to the majors next week. It is expected volatility before the publication of the events scheduled. This alert. The pair was on the rise, and then reverse the trend.
The JPY was the most volatile currency, the USD / JPY minimum recorded in the area of 105.02, following the publication of GDP during the morning, but later recovered reaching 106.20, managed to stay in the area of 106.00, and is expected to pass more volatility in coming days. The GBP and EURO, both were under some pressure given the lows during the week. The Swissy reached the 1.0900 area, but the loonie minimum recorded at the end of the day, apparently the USD will remain under pressure until more information is taken with respect to the financial rescue plan. In my view, we observe the same behavior in the market until it is realized the bailout – in one way or another. The discussion focuses on the final details of how the rescue bill, and will soon be subject to a vote to be late to practice. Apparently, on Monday, is estimated to reach consensus, but in my opinion, it is not easy to achieve that consensus.
It is estimated that the USD will start lower on Monday, and the stock market will remain under pressure. Comments The couple was under some pressure, had ended unchanged to slightly higher, double action was observed overnight. It is estimated that the pair will continue to rise while the data do not favor. The stock market was low because it is not yet concrete economic rescue plan, which ended up pushing the greenback.