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Archive for January 10th, 2011

Continuing our recent poker analogies, this morning reaffirms that trading is largely about:

1. Anticipating the market bias … which we’ll call “the pre-flop” hole cards;
2. Confirming the bias with more market info … the “flop”;
3. Understanding what the other guy/gal is holding … the “read”; and
4. Sensing the rhythm of the session … the “table”.

As noted in this morning’s Jellie tank transcript, all four phases of the game were in play today.

Click on the pic below to enlarge the chat, with key bias comments and sequences highlighted.

Now if we could just replace the dogs in the pic with Jellies!

Categories : Tank Transcripts
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