I post my personal writings here. I am Ted Hearne, a trader and writer currently living in the United States. Everything here is personal, not collective, thus these writings, opinions, ruminations and thoughts are my own. I write mostly for my own amusement, but happy to share with you if you would like to explore […]
We speak here of how the crowd seeks direction. And we speak of seeking direction when direction is not apparent. When the market is in congestion, we know that direction is uncertain. That is what congestion is, a weaving back and forth between upper and lower limits, with the ultimate exit direction from those limits […]
We speak here of planning, and anticipation, and consistency. We speak also of perfectionism and the sin of pride. At this point, you should be ready to anticipate the market at every step. You have the information you need to know what should be unfolding, and the information you need to tell you if what […]
In the market we see such sudden change on scales small and large, and we see them all the time. Sometimes they show up as big gaps, sometimes as sudden reversals in trend, a reversal without the intervening action of consolidations and congestion. The cause usually stems from unexpected market information, such as a crop report that upsets forecasts in a radical way, unforeseen central bank intervention, a war starting or stopping, weather anomalies, an assassination, a government falling or a revolution succeeding.