The way I can see, seems Facebook is now a "buy". Looks like it reached already the consolidation price. As "Booyah" Cramer always say...buy...buy...buy...
Thursday, May 31, 2012
Thursday's Trade Setup
The market drops in the open due to unfavorable jobs report.
For today's trade on this 1-min. chart, the market consolidates from the S2 (support) line.
Notice the crossover MA's, and they are flat, a sign that something a reversal is on the way.
The best entry is from the support line, lower arrow.
And the exit is before the S1.
For today's trade on this 1-min. chart, the market consolidates from the S2 (support) line.
Notice the crossover MA's, and they are flat, a sign that something a reversal is on the way.
The best entry is from the support line, lower arrow.
And the exit is before the S1.
Wednesday, May 30, 2012
Analyzing How To Make Trade In A Choppy Market
Today's market marred by lots of chops and the only possible trade I can spot is the one I encircled.
But spotting it takes a lot of deep market reading and patience in watching the market.
By analyzing today's market, I can spot a quick trade "in-between" this choppy sideways move.
Notice I made a three horizontal lines showing the maximum low and high of the trading day.
And when it breaks the mid-range (lower arrow), we can enter a long trade with stop just below or in-between the two lower horizontal lines.
The exit is at the upper arrow by just projecting the equal distance from the middle line.
By watching the market keenly and analyzing the market from technical view, you can still spot a simple trade in a choppy market, like this one.
But spotting it takes a lot of deep market reading and patience in watching the market.
By analyzing today's market, I can spot a quick trade "in-between" this choppy sideways move.
Notice I made a three horizontal lines showing the maximum low and high of the trading day.
And when it breaks the mid-range (lower arrow), we can enter a long trade with stop just below or in-between the two lower horizontal lines.
The exit is at the upper arrow by just projecting the equal distance from the middle line.
By watching the market keenly and analyzing the market from technical view, you can still spot a simple trade in a choppy market, like this one.
What The %&*$#@ Is This Chart
Shown is the 5-min. chart from yesterday's market and today's on going market action.
By just the look of it, it's hard to imagine where the market is headed for.
It's hard to figure it out what the market is doing right now.
This is the time not to do anything and just watch the market do its thing.
By just the look of it, it's hard to imagine where the market is headed for.
It's hard to figure it out what the market is doing right now.
This is the time not to do anything and just watch the market do its thing.
Tuesday, May 29, 2012
Tuesday's Market Action
The market gap up in the open only to reverse its move before noon.
To trade today's market is to buy in the open gap and sell before noon time when it starts to drop from the 10EMA.
The second trade is to short thereafter (the MA/EMA crossover) and cover from the R1.
To trade today's market is to buy in the open gap and sell before noon time when it starts to drop from the 10EMA.
The second trade is to short thereafter (the MA/EMA crossover) and cover from the R1.
Sunday, May 27, 2012
Count down 3, 2, 1 to be a trader!
3) Focus on the psychology and mental skills that are necessary to succeed in the market. Learn to read the market charts in terms of the psychology of the other traders.
2) Learn about risk control in depth. What this really means, options available to you, how you can marry it up with your financial objectives in the market place etc.
1) Only when you have the above dialled in should you investigate ways of putting trades on in the most advantageous positions to generate the returns you are looking for.
I think if people were to count down 3, 2, 1 there would be many more successful traders.
3) Focus on the psychology and mental skills that are necessary to succeed in the market. Learn to read the market charts in terms of the psychology of the other traders.
2) Learn about risk control in depth. What this really means, options available to you, how you can marry it up with your financial objectives in the market place etc.
1) Only when you have the above dialled in should you investigate ways of putting trades on in the most advantageous positions to generate the returns you are looking for.
I think if people were to count down 3, 2, 1 there would be many more successful traders.
What It Takes to Trade for a Living
What it takes to be a great trader.
No matter how simple, powerful, and proven a great trading system is, there are always going to be times when your fortitude is tested. There are always going to be times when the market chews you up and spits you out.
At such times, you have to make a decision regarding just how determined you truly are to succeed at trading. You have to ask yourself, “How much can I take and keep moving forward?” You have to look in the mirror and ask, “Do I want to quit?”
And that’s the way it should be! If it was always easy, everyone would be doing it.
It’s no secret that MOST of the greatest traders throughout history hit rock bottom before they became millionaires and billionaires. Everyone from Nicolas Darvas to Richard Dennis to Paul Tudor Jones have had moments where their accounts dwindled to the brink of despair and these traders had to ask themselves, “Can I go on or should I throw in the towel and move on to something else?”
Trading, like life, is all about perseverance. How driven are you? How focused are you? What are you willing to go through in order to succeed?
Throughout the summer, the market has been frustrating to Darvas traders (and all trend traders) due to its choppiness. Right when the market has shown signs of an uptrend, it has quickly reversed and humbled many traders.
This is nothing new, of course. Trend traders have been dealing with these choppy periods for more than 100 years and the data continues to show that, in the long run, the frustration endured during choppy markets is well worth it due to the huge rewards achieved during a trending market.
Of course, knowing this fact doesn’t always make it easier when you’re dealing with a roller-coaster market and getting stopped out of “by the book” trades.
But this is where we separate the successes from the failures. Most people will let their frustration get the best of them. They’ll throw in the towel and conclude that trading is just too difficult of a path to wealth.
But a few traders will persevere.
People like Nicolas Darvas, who endured nearly seven years of devastating setbacks when first trying to conquer Wall Street, will continue the game because they’re determined to win it. They won’t give up because they’ve seen how other traders traded their way to millions and, in some cases, billions. They’ll conclude, “If they can do it, why not me?”
That is the mentality it takes to achieve anything great in life.
When the going gets tough and the market gets rocky, I think it’s a good idea to reevaluate your goals.
Why do you want to be a trader? Why are you determined to win at this game?
Here’s a quick list on why I love trading and why I choose the world of trading as a profession. Perhaps you’ll agree with me on several of these points.
- The stock market is the ultimate vehicle for freedom and independence. ANYONE who works hard enough and smart enough can achieve financial and personal freedom in the stock market.
- The stock market is a place where no one can tell you that you can’t buy this or aren’t allowed to buy that; everyone has complete freedom to exercise their choices and take their shot at conquering the market.
- ANYONE with a brokerage account and a little cash can play their hand at the stock market and achieve unlimited success from virtually anywhere in the world. It doesn’t matter who you know, what color your skin is, what language you speak, what kind of education you have, what kind of financial background you have, what kind of neighborhood you grew up in, or what kind of family history you have. None of that matters! The stock market gives everyone the same opportunity to make their fortune and have their dreams come true.
- In the stock market, there’s no one way to make your fortune. Warren Buffett can make a fortune holding stocks for decades. Nicolas Darvas can make a fortune holding stocks for months. Buzzy Schwartz can make a fortune holding stocks for minutes. The stock market offers fantastic opportunity for speculators of all types to make their fortune.
- The stock market is a libertarian oasis. It is the great frontier on the grandest scale imaginable. It is an ongoing competition for the pursuit of dreams and total freedom. Everyone has an equal shot at making billions in the stock market. And there is nothing but willpower and perseverance standing in the way of anyone’s potential to do so.
- Trading offers the ultimate independence. YOU are the only one responsible for your success or failure. Every decision you make is solely up to you.
- Not only are all decisions up to you, but your potential success is unlimited. There is no cap whatsoever on how far you can go and how high you can climb!
- As a trader, you live a completely independent lifestyle. You can go anywhere, anytime, and live anywhere you want. You are in no way restricted by anything. As long as you have computer access, you’re good to go!
- And finally, trading is also the ultimate never-ending learning process. The hunt for the next great trade never ends! The more you read, research, and study, the better trader you will become. Trading rewards continuous intelligence expansion.
Anything I’ve left off? Anything you disagree with?
Every trader needs to ponder these questions to determine if they really have what it takes to make it as a trader.
Saturday, May 26, 2012
14 Rules for Being YOU
Be yourself. Trying to be anyone else is a waste of the person you are. Embrace that individual inside you that has ideas, strengths and beauty like no one else. Be the person you know yourself to be – the best version of you – on your terms. And above all, be true to YOU – if you cannot put your heart in it, take yourself out of it.
Starting today…
Get your priorities straight. – Twenty years from now it won’t really matter what shoes you wore today, how your hair looked, or what brand of jeans you bought. What will matter is how you loved, what you learned and how you applied this knowledge.
Take full responsibility for your goals. – If you really want good things in your life to happen, you have to make them happen yourself. You can’t sit around and hope that somebody else will help you; you have to make your own future and not think that your destiny is tied to the actions and choices of others.
Know your worth. – When someone treats you like you’re just one of many options, help them narrow their choice by removing yourself from the equation. Sometimes you have to try not to care, no matter how much you do. Because sometimes you can mean almost nothing to someone who means so much to you. It’s not pride – it’s self-respect. Don’t expect to see positive changes in your life if you surround yourself with negative people. Don’t give part-time people a full-time position in your life. Know your value and what you have to offer, and never settle for anything less than what you deserve.
Choose the right perspective. – Perspective is everything. When faced with long check-out lines, traffic jams, or waiting an hour past your appointment time, you have two choices: You can get frustrated and enraged, or you can view it as life’s way of giving you a guilt-free breather from rushing, and spend that time daydreaming, conversing, or watching the clouds. The first choice will raise your blood pressure. The second choice will raise your consciousness.
Don’t let your old problems punish your dreams. – Learn to let go of things you can’t control. The next time you’re tempted to rant about a situation that you think ended unfairly, remind yourself of this: You’ll never kill off your anger by beating the story to death. So close your mouth, unclench your fists, and redirect your thoughts. When left untended, the anger will slowly wither, and you’ll be left to live in peace as you grow toward a better future.
Choose the things that truly matter. – Some things just don’t matter much – like the kind of car you drive. How big of a deal is that in the grand scheme of life? Not a big at all. But lifting a person’s heart? Now, that matters. The whole problem with most people is, they KNOW what matters, but they don’t CHOOSE it. They get distracted. They don’t put first things first. The hardest and smartest way to live is choosing what truly matters, and pursuing it passionately. Read The 7 Habits of Highly Effective People.
Love YOU. – Let someone love you just the way you are – as flawed as you might be, as unattractive as you sometimes feel, and as unaccomplished as you think you are. Yes, let someone love you despite all of this; and let that someone be YOU.
Accept your strengths and weaknesses. – Be confident being YOU. We often waste too much time comparing ourselves to others, and wishing to be something we’re not. Everybody has their own strengths and weaknesses, and it is only when we accept everything we are, and aren’t, that we are able to become who we are capable of being.
Stand up for YOU. – You were born to be real, not to be perfect. You’re here to be YOU, not to be what someone else wants you to be. Stand up for yourself, look them in the eye, and say, “Don’t judge me until you know me, don’t underestimate me until you challenge me, and don’t talk about me until you’ve talked to me.”
Learn from others, and move on when you must. – You can’t expect to change people. Either you accept who they are, or you start living your life without them. And just because something ends, doesn’t mean it never should have been. You lived, you learned, you grew, and you moved on. Some people come into your life as blessings; others come into your life as lessons.
Be honest in your relationships. – Don’t cheat! If you’re not happy, be honest, and move on if you must. When you’re truly in love, being faithful isn’t a sacrifice, it’s a joy.
Get comfortable with being uncomfortable. – Life as we know it can change in a blink of an eye. Unlikely friendships can blossom, important careers can be tossed aside and a long lost hope can be rekindled. It might feel a little uncomfortable at times, but know that life begins at the end of your comfort zone. So if you’re feeling uncomfortable right now, know that the change taking place in your life is not an ending, but a new beginning. Read The Power of Full Engagement.
Be who you were born to be. – Don’t get to the end of your life and find that you lived only the length of it; live the width of it as well. When it comes to living as a passionate, inspired human being, the only challenge greater than learning to walk a mile in someone else’s shoes, is learning to walk a lifetime comfortably in your own. Follow your heart, and take your brain with you. When you are truly comfortable in your own skin, not everyone will like you, but you won’t care about it one bit.
Never give up on YOU. – This is your life; shape it, or someone else will. Strength shows not only in the ability to hold on, but in the ability to start over when you must. It is never too late to become what you might have been. Keep learning, adapting, and growing. You may not be there yet, but you are closer than you were yesterday.
Starting today…
Take full responsibility for your goals. – If you really want good things in your life to happen, you have to make them happen yourself. You can’t sit around and hope that somebody else will help you; you have to make your own future and not think that your destiny is tied to the actions and choices of others.
Know your worth. – When someone treats you like you’re just one of many options, help them narrow their choice by removing yourself from the equation. Sometimes you have to try not to care, no matter how much you do. Because sometimes you can mean almost nothing to someone who means so much to you. It’s not pride – it’s self-respect. Don’t expect to see positive changes in your life if you surround yourself with negative people. Don’t give part-time people a full-time position in your life. Know your value and what you have to offer, and never settle for anything less than what you deserve.
Choose the right perspective. – Perspective is everything. When faced with long check-out lines, traffic jams, or waiting an hour past your appointment time, you have two choices: You can get frustrated and enraged, or you can view it as life’s way of giving you a guilt-free breather from rushing, and spend that time daydreaming, conversing, or watching the clouds. The first choice will raise your blood pressure. The second choice will raise your consciousness.
Don’t let your old problems punish your dreams. – Learn to let go of things you can’t control. The next time you’re tempted to rant about a situation that you think ended unfairly, remind yourself of this: You’ll never kill off your anger by beating the story to death. So close your mouth, unclench your fists, and redirect your thoughts. When left untended, the anger will slowly wither, and you’ll be left to live in peace as you grow toward a better future.
Choose the things that truly matter. – Some things just don’t matter much – like the kind of car you drive. How big of a deal is that in the grand scheme of life? Not a big at all. But lifting a person’s heart? Now, that matters. The whole problem with most people is, they KNOW what matters, but they don’t CHOOSE it. They get distracted. They don’t put first things first. The hardest and smartest way to live is choosing what truly matters, and pursuing it passionately. Read The 7 Habits of Highly Effective People.
Love YOU. – Let someone love you just the way you are – as flawed as you might be, as unattractive as you sometimes feel, and as unaccomplished as you think you are. Yes, let someone love you despite all of this; and let that someone be YOU.
Accept your strengths and weaknesses. – Be confident being YOU. We often waste too much time comparing ourselves to others, and wishing to be something we’re not. Everybody has their own strengths and weaknesses, and it is only when we accept everything we are, and aren’t, that we are able to become who we are capable of being.
Stand up for YOU. – You were born to be real, not to be perfect. You’re here to be YOU, not to be what someone else wants you to be. Stand up for yourself, look them in the eye, and say, “Don’t judge me until you know me, don’t underestimate me until you challenge me, and don’t talk about me until you’ve talked to me.”
Learn from others, and move on when you must. – You can’t expect to change people. Either you accept who they are, or you start living your life without them. And just because something ends, doesn’t mean it never should have been. You lived, you learned, you grew, and you moved on. Some people come into your life as blessings; others come into your life as lessons.
Be honest in your relationships. – Don’t cheat! If you’re not happy, be honest, and move on if you must. When you’re truly in love, being faithful isn’t a sacrifice, it’s a joy.
Get comfortable with being uncomfortable. – Life as we know it can change in a blink of an eye. Unlikely friendships can blossom, important careers can be tossed aside and a long lost hope can be rekindled. It might feel a little uncomfortable at times, but know that life begins at the end of your comfort zone. So if you’re feeling uncomfortable right now, know that the change taking place in your life is not an ending, but a new beginning. Read The Power of Full Engagement.
Be who you were born to be. – Don’t get to the end of your life and find that you lived only the length of it; live the width of it as well. When it comes to living as a passionate, inspired human being, the only challenge greater than learning to walk a mile in someone else’s shoes, is learning to walk a lifetime comfortably in your own. Follow your heart, and take your brain with you. When you are truly comfortable in your own skin, not everyone will like you, but you won’t care about it one bit.
Never give up on YOU. – This is your life; shape it, or someone else will. Strength shows not only in the ability to hold on, but in the ability to start over when you must. It is never too late to become what you might have been. Keep learning, adapting, and growing. You may not be there yet, but you are closer than you were yesterday.
Friday, May 25, 2012
Friday's Zigzag Market
Shown is the 5-min. chart from the Nasdaq (etf QQQ) index wherein it moves on a choppy sideways.
In this kind of choppy market, you can't spot any good location to put on a trade, either long or short.
This is where you don't do anything and just stay on the sidelines.
In this kind of choppy market, you can't spot any good location to put on a trade, either long or short.
This is where you don't do anything and just stay on the sidelines.
Thursday, May 24, 2012
Thursday's Ugly Market
The market (QQQ, Nasdaq) did not do any good today except to give up what was gain yesterday.
A choppy downward trend to say the least.
Though the Dow and the S&P did some little convincing move, the Nasdaq made an "ugly" move.
A choppy downward trend to say the least.
Though the Dow and the S&P did some little convincing move, the Nasdaq made an "ugly" move.
Wednesday, May 23, 2012
Wednesday's Trade Setup
The market made a reversal from its downward trend from the open till noon time.
The best entry for a long trade is at around 1:00 pm. ET. as pointed from the arrow.
Takes a lot of patience in waiting for the setup to get triggered.
The best entry for a long trade is at around 1:00 pm. ET. as pointed from the arrow.
Takes a lot of patience in waiting for the setup to get triggered.
Monday, May 21, 2012
The Market After The Close
The market was cooperative today.
All you have to do is buy in the open and sell in the close.
Easy money err...trading in today's market.
Sometimes the market gives you easy money, all you have to do is take it with an open arms.
Though the market doesn't give opportunity daily, but when it offers, it will be a big reward.
Like today's market, all you have to do is observe (monitor) the market daily.
All you have to do is buy in the open and sell in the close.
Easy money err...trading in today's market.
Sometimes the market gives you easy money, all you have to do is take it with an open arms.
Though the market doesn't give opportunity daily, but when it offers, it will be a big reward.
Like today's market, all you have to do is observe (monitor) the market daily.
Wow... The Market Is On Fire!
Looks like the market can't do no wrong today.
The bears are running for cover, they're nowhere to go.
For the bulls, enjoy the ride!
The bears are running for cover, they're nowhere to go.
For the bulls, enjoy the ride!
Facebook looks like running out of "face" or "out of love"?
Shown is the 5-min chart of the much "overhype"? IPO, the FB.
What can you say with this?
Well, Zuckerberg is enjoying his after effect wedding, and his stock is falling (out of love).
What can you say with this?
Well, Zuckerberg is enjoying his after effect wedding, and his stock is falling (out of love).
Monday's Trade Setup for NQ (QQQ)
The market bounce after lingering (from sickbed) for almost two weeks.
Shown is the 1-min chart from the Nasdaq QQQ where the best entry is from the pullback (arrow) after the open.
And let it ride, adjust the trailing till run out of gas.
Enjoy the uptrend, possibly till the close!
Shown is the 1-min chart from the Nasdaq QQQ where the best entry is from the pullback (arrow) after the open.
And let it ride, adjust the trailing till run out of gas.
Enjoy the uptrend, possibly till the close!
Sunday, May 20, 2012
Friday's Trade Setup For Russell 2000
Friday's market was a profit taking day.
Facebook IPO did not help the market to rise.
Shown are two short trade from the Russell 2000 (TF in Futures, IWN for etf).
By just inspection, one can put two short trades.
The first trade can be shorted from the yellow line (the previous close) and the cover is at the red line (support). You must be quick to cover at S1 because that's where most traders are watching. Notice the big red bar that bounced from the red line?, it's a sign that it is going to reverse.
The second short trade is below the yellow line and the descending cross over of the 20MA and the 10EMA. Cover at the close is the most appropriate area. The second short entry can be justified clearly because of the downtrend third lower highs of the day. Besides, it's below the previous close plus the MA/EMA's crossovers.
Facebook IPO did not help the market to rise.
Shown are two short trade from the Russell 2000 (TF in Futures, IWN for etf).
By just inspection, one can put two short trades.
The first trade can be shorted from the yellow line (the previous close) and the cover is at the red line (support). You must be quick to cover at S1 because that's where most traders are watching. Notice the big red bar that bounced from the red line?, it's a sign that it is going to reverse.
The second short trade is below the yellow line and the descending cross over of the 20MA and the 10EMA. Cover at the close is the most appropriate area. The second short entry can be justified clearly because of the downtrend third lower highs of the day. Besides, it's below the previous close plus the MA/EMA's crossovers.
Friday, May 18, 2012
The Hype Is On FB
Shown is the 5-min. concluding chart of the much awaited hype in the stock market.
Facebook (FB) debuted today from the Nasdaq amid some glitches.
It recorded the highest number of shares ever traded.
Facebook (FB) debuted today from the Nasdaq amid some glitches.
It recorded the highest number of shares ever traded.
Facebook Trade Setup
Facebook (FB) IPO started today in the Nasdaq.
To trade or to buy shares with the hype, wait for a while when the market settles.
Shown is the 5-min. chart wherein the best entry is at the lower arrow.
The best price to enter is at $38.40.
I suspect it will go up in the days (or weeks) to come then it will fizzle for the participants will take some profit.
The best bet for the long term investors is to wait for a week or so to get involved with this hype.
Personally, I won't get involve with the hype as a long term investor, but to trade it is the best way to get involve.
To trade or to buy shares with the hype, wait for a while when the market settles.
Shown is the 5-min. chart wherein the best entry is at the lower arrow.
The best price to enter is at $38.40.
I suspect it will go up in the days (or weeks) to come then it will fizzle for the participants will take some profit.
The best bet for the long term investors is to wait for a week or so to get involved with this hype.
Personally, I won't get involve with the hype as a long term investor, but to trade it is the best way to get involve.
Thursday, May 17, 2012
Thursday's Trade Setup
The market continues to deteriorate as shown from this 10-min chart.
It's been on the downward trend for quite a week or so.
The trade for the day is to sell short in the open.
Then go out from your trading cave, head to a driving range to practice your swing.
Take your lunch at CMG, then go to BKS to read some latest trading books.
Come back to your trading cave before the market close to cover your short trade.
Then go the nearest RICK (if there is one in your place, or just in the Hooters) to enjoy your profit.
That's how traders live by!
It's been on the downward trend for quite a week or so.
The trade for the day is to sell short in the open.
Then go out from your trading cave, head to a driving range to practice your swing.
Take your lunch at CMG, then go to BKS to read some latest trading books.
Come back to your trading cave before the market close to cover your short trade.
Then go the nearest RICK (if there is one in your place, or just in the Hooters) to enjoy your profit.
That's how traders live by!
Tuesday, May 15, 2012
Tuesday's Trade Setup
The market zigzag today and can't find any probable trade almost the whole trading day.
Except in the last couple of hours before closing wherein it shows a clear short trade.
Soorting the market as shown form the top arrow and covering the position into the close is the only trade I can spot from today's market.
It's a pretty hard market today, considering the participants are at a loss if the take a long or short position.
Let's wait for the FB's IPO, maybe the market will surge.
Except in the last couple of hours before closing wherein it shows a clear short trade.
Soorting the market as shown form the top arrow and covering the position into the close is the only trade I can spot from today's market.
It's a pretty hard market today, considering the participants are at a loss if the take a long or short position.
Let's wait for the FB's IPO, maybe the market will surge.
Saturday, May 12, 2012
Friday's Market At The Close
The market surge (NQ) in the open only to bow down in the close.
It runs out of steam when it reach the top at around 11:00 am. ET.
I guess that's the usual move especially it's Friday, the profit taking day.
It's been lagging for almost the whole trading week, suddenly this Friday it burst like a gunfire in the open.
The best entry here for a long trade is above the red line with that small candle.
The exit should be at the top level with that big red bar around 11:45 am. ET.
That's where the lunch time occurs in the Wall Street.
Better to take the profit before lunch time, otherwise you will end up getting your lunch at MCD.
It runs out of steam when it reach the top at around 11:00 am. ET.
I guess that's the usual move especially it's Friday, the profit taking day.
It's been lagging for almost the whole trading week, suddenly this Friday it burst like a gunfire in the open.
The best entry here for a long trade is above the red line with that small candle.
The exit should be at the top level with that big red bar around 11:45 am. ET.
That's where the lunch time occurs in the Wall Street.
Better to take the profit before lunch time, otherwise you will end up getting your lunch at MCD.
Friday, May 11, 2012
Friday's Trade Setup
The market made a surprising/stunning move today.
It rises from the deep hole for it was sinking the last weeks.
Today's jumper move/trade was an opportunity to buy in the open.
Shown is the 5-min. chart with the entry for a long trade.
It rises from the deep hole for it was sinking the last weeks.
Today's jumper move/trade was an opportunity to buy in the open.
Shown is the 5-min. chart with the entry for a long trade.
Thursday, May 10, 2012
The Choppy Market
The market did not do any good move today and all it got to do was to move sideways.
This is the kind of environment that should stay on the sidelines and just watch the market do its zigzagging.
This is where you can exercise the discipline, not to trade.
You cannot trade the market all the time unless you scalped it that takes a lot of guts to play the market.
Seems the market will take a lot of time to get its traction, it is on the consolidation mode.
But the strange thing is that, it is on the downward trend.
I suspect it might drop further unless big money will buy the market.
The participants are gauging each other, trying to psyche each others motives.
We'll keep on watching who's going to prevail.
This is the kind of environment that should stay on the sidelines and just watch the market do its zigzagging.
This is where you can exercise the discipline, not to trade.
You cannot trade the market all the time unless you scalped it that takes a lot of guts to play the market.
Seems the market will take a lot of time to get its traction, it is on the consolidation mode.
But the strange thing is that, it is on the downward trend.
I suspect it might drop further unless big money will buy the market.
The participants are gauging each other, trying to psyche each others motives.
We'll keep on watching who's going to prevail.
Wednesday, May 9, 2012
Intelligence Is Overrated: What You Really Need to Succeed
Albert Einstein’s was estimated at 160, Madonna’s is 140, and John F. Kennedy’s
was only 119, but as it turns out, your IQ score pales in comparison with your
EQ, MQ, and BQ scores when it comes to predicting your success and professional
achievement.
IQ tests are used as an indicator of logical reasoning ability and technical intelligence. A high IQ is often a prerequisite for rising to the top ranks of business today. It is necessary, but it is not adequate to predict executive competence and corporate success. By itself, a high IQ does not guarantee that you will stand out and rise above everyone else.
Research carried out by the Carnegie Institute of Technology shows that 85 percent of your financial success is due to skills in “human engineering,” your personality and ability to communicate, negotiate, and lead. Shockingly, only 15 percent is due to technical knowledge. Additionally, Nobel Prize winning Israeli-American psychologist, Daniel Kahneman, found that people would rather do business with a person they like and trust rather than someone they don’t, even if the likeable person is offering a lower quality product or service at a higher price.
With this in mind, instead of exclusively focusing on your conventional intelligence quotient, you should make an investment in strengthening your EQ (Emotional Intelligence), MQ (Moral Intelligence), and BQ (Body Intelligence). These concepts may be elusive and difficult to measure, but their significance is far greater than IQ.
Emotional Intelligence
EQ is the most well known of the three, and in brief it is about: being aware of your own feelings and those of others, regulating these feelings in yourself and others, using emotions that are appropriate to the situation, self-motivation, and building relationships.
Top Tip for Improvement: First, become aware of your inner dialogue. It helps to keep a journal of what thoughts fill your mind during the day. Stress can be a huge killer of emotional intelligence, so you also need to develop healthy coping techniques that can effectively and quickly reduce stress in a volatile situation.
Moral Intelligence
MQ directly follows EQ as it deals with your integrity, responsibility, sympathy, and forgiveness. The way you treat yourself is the way other people will treat you. Keeping commitments, maintaining your integrity, and being honest are crucial to moral intelligence.
Top Tip for Improvement: Make fewer excuses and take responsibility for your actions. Avoid little white lies. Show sympathy and communicate respect to others. Practice acceptance and show tolerance of other people’s shortcomings. Forgiveness is not just about how we relate to others; it’s also how you relate to and feel about yourself.
Body Intelligence
Lastly, there is your BQ, or body intelligence, which reflects what you know about your body, how you feel about it, and take care of it. Your body is constantly telling you things; are you listening to the signals or ignoring them? Are you eating energy-giving or energy-draining foods on a daily basis? Are you getting enough rest? Do you exercise and take care of your body? It may seem like these matters are unrelated to business performance, but your body intelligence absolutely affects your work because it largely determines your feelings, thoughts, self-confidence, state of mind, and energy level.
Top Tip For Improvement: At least once a day, listen to the messages your body is sending you about your health. Actively monitor these signals instead of going on autopilot. Good nutrition, regular exercise, and adequate rest are all key aspects of having a high BQ. Monitoring your weight, practicing moderation with alcohol, and making sure you have down time can dramatically benefit the functioning of your brain and the way you perform at work.
What You Really Need To Succeed
It doesn’t matter if you did not receive the best academic training from a top university. A person with less education who has fully developed their EQ, MQ, and BQ can be far more successful than a person with an impressive education who falls short in these other categories.
Yes, it is certainly good to be an intelligent, rational thinker and have a high IQ; this is an important asset. But you must realize that it is not enough. Your IQ will help you personally, but EQ, MQ, and BQ will benefit everyone around you as well. If you can master the complexities of these unique and often under-rated forms of intelligence, research tells us you will achieve greater success and be regarded as more professionally competent and capable.
IQ tests are used as an indicator of logical reasoning ability and technical intelligence. A high IQ is often a prerequisite for rising to the top ranks of business today. It is necessary, but it is not adequate to predict executive competence and corporate success. By itself, a high IQ does not guarantee that you will stand out and rise above everyone else.
Research carried out by the Carnegie Institute of Technology shows that 85 percent of your financial success is due to skills in “human engineering,” your personality and ability to communicate, negotiate, and lead. Shockingly, only 15 percent is due to technical knowledge. Additionally, Nobel Prize winning Israeli-American psychologist, Daniel Kahneman, found that people would rather do business with a person they like and trust rather than someone they don’t, even if the likeable person is offering a lower quality product or service at a higher price.
With this in mind, instead of exclusively focusing on your conventional intelligence quotient, you should make an investment in strengthening your EQ (Emotional Intelligence), MQ (Moral Intelligence), and BQ (Body Intelligence). These concepts may be elusive and difficult to measure, but their significance is far greater than IQ.
Emotional Intelligence
EQ is the most well known of the three, and in brief it is about: being aware of your own feelings and those of others, regulating these feelings in yourself and others, using emotions that are appropriate to the situation, self-motivation, and building relationships.
Top Tip for Improvement: First, become aware of your inner dialogue. It helps to keep a journal of what thoughts fill your mind during the day. Stress can be a huge killer of emotional intelligence, so you also need to develop healthy coping techniques that can effectively and quickly reduce stress in a volatile situation.
Moral Intelligence
MQ directly follows EQ as it deals with your integrity, responsibility, sympathy, and forgiveness. The way you treat yourself is the way other people will treat you. Keeping commitments, maintaining your integrity, and being honest are crucial to moral intelligence.
Top Tip for Improvement: Make fewer excuses and take responsibility for your actions. Avoid little white lies. Show sympathy and communicate respect to others. Practice acceptance and show tolerance of other people’s shortcomings. Forgiveness is not just about how we relate to others; it’s also how you relate to and feel about yourself.
Body Intelligence
Lastly, there is your BQ, or body intelligence, which reflects what you know about your body, how you feel about it, and take care of it. Your body is constantly telling you things; are you listening to the signals or ignoring them? Are you eating energy-giving or energy-draining foods on a daily basis? Are you getting enough rest? Do you exercise and take care of your body? It may seem like these matters are unrelated to business performance, but your body intelligence absolutely affects your work because it largely determines your feelings, thoughts, self-confidence, state of mind, and energy level.
Top Tip For Improvement: At least once a day, listen to the messages your body is sending you about your health. Actively monitor these signals instead of going on autopilot. Good nutrition, regular exercise, and adequate rest are all key aspects of having a high BQ. Monitoring your weight, practicing moderation with alcohol, and making sure you have down time can dramatically benefit the functioning of your brain and the way you perform at work.
What You Really Need To Succeed
It doesn’t matter if you did not receive the best academic training from a top university. A person with less education who has fully developed their EQ, MQ, and BQ can be far more successful than a person with an impressive education who falls short in these other categories.
Yes, it is certainly good to be an intelligent, rational thinker and have a high IQ; this is an important asset. But you must realize that it is not enough. Your IQ will help you personally, but EQ, MQ, and BQ will benefit everyone around you as well. If you can master the complexities of these unique and often under-rated forms of intelligence, research tells us you will achieve greater success and be regarded as more professionally competent and capable.
Wednesday Trade Setup
The market gap down in the open but recover before noon time.
As if it formed a cup with a handle pattern.
To enter a long trade, the arrow as shown in the circle area is the best location to put the entry.
As if it formed a cup with a handle pattern.
To enter a long trade, the arrow as shown in the circle area is the best location to put the entry.
Tuesday, May 8, 2012
Tuesday Trade Setup
The market recovered in the midday trading when it drops in the open.
It formed a wide "w" pattern, a sign that it might recover from its slumped.
Being patient in the market waiting for the opportunities to pop pays a big part.
Like this one from the QQQ etf's which is the equivalent of the NQ Futures.
The best entry for a long trade is at the lower arrow and can be exited from the pivot point.
It formed a wide "w" pattern, a sign that it might recover from its slumped.
Being patient in the market waiting for the opportunities to pop pays a big part.
Like this one from the QQQ etf's which is the equivalent of the NQ Futures.
The best entry for a long trade is at the lower arrow and can be exited from the pivot point.
Monday, May 7, 2012
Monday's Trading
The market barely made a move today for it's Monday, a day participants starts to gauge each others throat where the markets headed.
It consolidates on a choppy range, but the bulls somewhat looking for an upper hand.
Other than the news coming from overseas, the market is just waiting for any favorable news to make its move.
Don't see any probable setups from the QQQ (NQ) today, other than to scalp the overall market index.
Let's see for the coming days if there will be a jumper trade, but it usually happened in the overnight session.
Unless you watch the market like a hawk in the wee hours of the Globex session, you cannot catch the real meat.
After that, the regular open is the real hard battle where the pros always makes the action to profit.
It consolidates on a choppy range, but the bulls somewhat looking for an upper hand.
Other than the news coming from overseas, the market is just waiting for any favorable news to make its move.
Don't see any probable setups from the QQQ (NQ) today, other than to scalp the overall market index.
Let's see for the coming days if there will be a jumper trade, but it usually happened in the overnight session.
Unless you watch the market like a hawk in the wee hours of the Globex session, you cannot catch the real meat.
After that, the regular open is the real hard battle where the pros always makes the action to profit.
Saturday, May 5, 2012
Friday's Trade Setup
The market continues to go down and most participants are taking profit.
Looks like the Wall Street passage, "sell in May and go away" is now on-going?
I guess that's what the chart shows (below).
In this no-brainer trade, sell in the open and cover in the close is the typical Wall Street modus operandi.
Friday's market activities is all about distribution.
The bulls are all on the run and the bears are celebrating in total pandemonium.
I suspect it will be the bears that will control the market in the days to come.
Unless the bulls can take more print money from Uncle Sam to buy the market, it might struggle further.
Let's see how the long term investors reaction.
As for traders, let's take all the opportunities that the market offers on a daily basis.
Looks like the Wall Street passage, "sell in May and go away" is now on-going?
I guess that's what the chart shows (below).
In this no-brainer trade, sell in the open and cover in the close is the typical Wall Street modus operandi.
Friday's market activities is all about distribution.
The bulls are all on the run and the bears are celebrating in total pandemonium.
I suspect it will be the bears that will control the market in the days to come.
Unless the bulls can take more print money from Uncle Sam to buy the market, it might struggle further.
Let's see how the long term investors reaction.
As for traders, let's take all the opportunities that the market offers on a daily basis.
Thursday, May 3, 2012
NQ (QQQ) Thursday Trade Setup
The market went down today and shows some selling pressure.
It stays sideways after the selling pressure from the open and went down hard as show from this 5-min. chart.
Sell short is the trade of the day as shown from the top arrow with the cover below.
It stays sideways after the selling pressure from the open and went down hard as show from this 5-min. chart.
Sell short is the trade of the day as shown from the top arrow with the cover below.
NQ (QQQ) Wednesday Trade Setup
The market open below yesterday's open but recovered after an hour or so.
The bears run out of support and most participants revert to the bulls side and the market turn upside.
Shown is the 5-min. chart with the entry setup pointed in an arrow at the bottom.
Notice the big green candle with a long wick tail at the bottom showing the market is on the reverse mode.
Trade what you see as the saying goes.
Exit the trade before the close and enjoy your profit!
The bears run out of support and most participants revert to the bulls side and the market turn upside.
Shown is the 5-min. chart with the entry setup pointed in an arrow at the bottom.
Notice the big green candle with a long wick tail at the bottom showing the market is on the reverse mode.
Trade what you see as the saying goes.
Exit the trade before the close and enjoy your profit!
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