A "V' pattern formed on the two leading indexes today, the last trading day for the year 2010.
Shown on the 5-min. chart the concluding chart of SPY (ES) and the DIA (YM).
A profit taking in the open!
Friday, December 31, 2010
Thursday, December 30, 2010
Observe & Trade
Traded long on YM and twice on NQ and all went to naught.
All the stop-loss got hit and didn't force any more after that.
Looking at the concluding 5-min. chart, the only viable trade is to short it (them) in the open.
Lack on conviction on the part of the bulls.
Real Time Trade Ideas
Will trail the stop in NQ to break even if it goes up by two points.
Looking for a five point gain plus at least.
Looking for a five point gain plus at least.
Real Time Trade Ideas
Out from NQ trade for a break even, stop trailed as it move upwards before the open!
Wednesday, December 29, 2010
Observe & Trade
No convincing trade today from the market (ES; NQ; TF) except this one from YM.
Though not quite tradeable, but there is a potential of probability because the consolidation is above the 20MA.
Other than that, a potential short appears before the close.
Tuesday, December 28, 2010
Observe & Trade
A shallow cup and handle formed on SPY (ES, e-mini).
In-between the pivot and the previous close, it plays a zigzag mode after it drops from the open.
From there, it stays idle in the form of rectangular S/R level.
At around 12:00 noon to 1:00 pm., it consolidates on small bars above the 20MA.
Confirming a buy trade!
That's showing the technical trading 102.
Observe & Trade
Out from my trading table and showing this 5-min. chart from DIA (YM, e-mini).
It formed a cup and handle pattern.
Nice up trending move after it drops for profit taking in the early trading.
A good entry at consolidation above the 20MA in between the pivot and the previous close.
Other e-minis did not make a decent move, TF and NQ, while ES just made a slight ascend.
Observe & Trade
Showing the concluding chart that I traded today in the YM e-mini.
Note that I am using DIA chart for they are almost identical in pattern.
I traded twice the YM, the first one I bailed out for it drops and I didn't wait to hit my stop and lost a couple of points.
I reenter again and made barely four points for I exited at the S1 because of the big red bar.
From there, it recovers and I am already out in the trade until it went up further.
I focus on the wrong index futures, had I focus on TF and the NQ, I could have traded a better pattern.
But that's how in trading, it's a matter of sound decision making because it involves human psychology.
Monday, December 27, 2010
Observe & Trade
I focused on the wrong instrument to trade today.
Whereas, if I explore the other instruments (TF; ES; NQ), I could have made a better trade.
I left my trading table after I exited my YM trade for I felt the volume was nil.
Anyhow, the three instruments made their nice decent move after that.
A very clear low risk trade on the three.
Real Time Trade Ideas
Looking for a 10+ point gain on YM. Will move stop to break even. Keep monitoring.
Real Time Trade Ideas
Get back at YM at 11481 again with same stop at 11473.
Looks like it's getting back to its feet again.
Looks like it's getting back to its feet again.
Real Time Trade Ideas
We'll try to get YM at 11482 (115.42, DIA) with a close stop at 11473 (115.32, DIA).
Looks like it is forming cup with a handle. It's a low volume day.
Observe & Trade
Was late from my trading table today and was not able to do my pre-trading plan.
It's a profit taking in the open.
We'll see if it will consolidate from thereon.
If you sell right in the open especially the QQQQ (NQ), you can make a fast money for the day.
Saturday, December 25, 2010
Observe & Trade
As I'm going to post real time trade ideas on this site.
The major markets that I am going to relate are the QQQQ; SPY; and the DIA.
Though I'm going to focus on the e-minis, their counterpart are NQ; ES; and the YM.
But for those who trade these etf's (QQQQ, SPY, and the DIA), it will be in their advantage for I will show trading ideas in real time from these particular instruments.
Notice that I added a (widget) real time chart on this blog.
You can see these three core etf's their movement in real time.
Hope I can share ideas for those who are interested.
Note that the chart can be adjusted the time frame and add some indicators.
The major markets that I am going to relate are the QQQQ; SPY; and the DIA.
Though I'm going to focus on the e-minis, their counterpart are NQ; ES; and the YM.
But for those who trade these etf's (QQQQ, SPY, and the DIA), it will be in their advantage for I will show trading ideas in real time from these particular instruments.
Notice that I added a (widget) real time chart on this blog.
You can see these three core etf's their movement in real time.
Hope I can share ideas for those who are interested.
Note that the chart can be adjusted the time frame and add some indicators.
Observe & Trade
Merry Christmas to all!
Made some changes in the site in preparation for the coming year regarding the purpose of this blog.
The purpose is to present some trading ideas as a guidance for us traders to determine and think for ourselves the viability to trade.
It's like a second thoughts or opinions that will help us make decision on how to trade.
I will present the setups in real time, and from there, "draw" your conclusion if it makes sense to trade or not.
But what I am going to present are my own trade setups based from what I can observed.
It doesn't mean you have to follow it.
I am doing this just a form of learning and developing at the same time sharing ideas for improvement.
It it works, I can be of help to fellow traders.
But this is not a solicit to follow whatever I post in this site.
They are for guidance only.
Made some changes in the site in preparation for the coming year regarding the purpose of this blog.
The purpose is to present some trading ideas as a guidance for us traders to determine and think for ourselves the viability to trade.
It's like a second thoughts or opinions that will help us make decision on how to trade.
I will present the setups in real time, and from there, "draw" your conclusion if it makes sense to trade or not.
But what I am going to present are my own trade setups based from what I can observed.
It doesn't mean you have to follow it.
I am doing this just a form of learning and developing at the same time sharing ideas for improvement.
It it works, I can be of help to fellow traders.
But this is not a solicit to follow whatever I post in this site.
They are for guidance only.
Friday, December 24, 2010
Observe & Trade
Looking at clearly this DIA chart (YM in the e-mini) which was traded in early after the open produced some interesting pattern.
It is an extended right shoulder (or left, it depends where you look at it) forming a HS pattern.
A probable short clearly shows when it suddenly drops big time.
A seasoned trader can easily spot this.
Observe & Trade
Another lesson for (my) technical trading 102.
This is part of (my) learning and exploring how I can react in the future.
In the market, we have to be creative and study some patterns and familiarize ourselves so that we can recognize them once they emerge.
It is some kind of visualization or as that famous ads says, "where imaginations at work".
Notice the pattern that I have drawn, it formed a wedge like.
And the first hour of trading did not penetrate the previous (high) close.
And from there it plays on a zigzag mode below the pivot line.
That's where the "shorting" imagination starts working!
Note that the chart is from SPY, I am relating this one to ES e-mini since they are almost identical.
Observe & Trade
As I was looking at the conclusion chart of the four core markets I am monitoring.
I find this one from TF e-mini a probable trade to short it.
Though I also found a probable short trade in YM and ES.
But this one make more sense in shorting because it broken the previous close multiple times.
It may take a lot of conviction but with close observation, it is a probability.
And also, looking at the channel trend and the days high started to wind down up to the previous close as I noted.
That's a good lesson for our technical trading 102.
Thursday, December 23, 2010
Observe & Trade
As observed the past years been in the market.
And after you (I) had gone assimilating different kinds of ideas and put them into practice.
That's where the problem crops up, they don't work.
Partly because, what work for others won't work for each one of us.
That is why in trading, we have to make our own way of trading based from all available ideas we can gather (as much as possible).
What we should do is to gather all these (those) ideas and mold them based from our understanding and practice/implement them the way they fit and will work well (on us).
But first, you must be ready to get "pulverized" by the market.
After that, you can have your own decision and won't rely from others (ideas).
And after you (I) had gone assimilating different kinds of ideas and put them into practice.
That's where the problem crops up, they don't work.
Partly because, what work for others won't work for each one of us.
That is why in trading, we have to make our own way of trading based from all available ideas we can gather (as much as possible).
What we should do is to gather all these (those) ideas and mold them based from our understanding and practice/implement them the way they fit and will work well (on us).
But first, you must be ready to get "pulverized" by the market.
After that, you can have your own decision and won't rely from others (ideas).
Observe & Trade
Showing the conclusion of the four core indexes on a 5-min. chart frame.
Notice how hardly can find and form trading ideas, though there are some few opportunities but it needs some kind of close observation and involves high risk as far as I can see.
It's like an unrecognizable pattern that emerge from nowhere.
That's how it is in the market, it's just show how human being behave.
Unpredictable if I may say!
Observe & Trade
The plan for this blog in the coming year 2011 is to improve the site and show more trading ideas for development.
As much as possible will show some actual trades in real time though that will be hard to accomplish considering managing (our) trade itself, but it is also a form of consolation and some kind of learning path for improvement to share ideas to everyone who are in the trading especially those at the initial stage.
Trading is a lonely job and blogging is the form of exchanging ideas.
Very rare or maybe not being shown yet in the web real time trades for free.
Most trading ideas in real time are per subscription.
So in this humble blog, we'll try to find trading ideas in real time without any monetary means involved.
We'll do it for "real" trading!
As much as possible will show some actual trades in real time though that will be hard to accomplish considering managing (our) trade itself, but it is also a form of consolation and some kind of learning path for improvement to share ideas to everyone who are in the trading especially those at the initial stage.
Trading is a lonely job and blogging is the form of exchanging ideas.
Very rare or maybe not being shown yet in the web real time trades for free.
Most trading ideas in real time are per subscription.
So in this humble blog, we'll try to find trading ideas in real time without any monetary means involved.
We'll do it for "real" trading!
Observe & Trade
Showing the clear view of the trade from YM (DIA chart; they are similar) in a one-min. time frame.
The advantage from the multiple time frame is you can exactly point out where to enter and exit.
The entry was when there are small bars that are tightly consolidated.
The exit also is where it resisted, in this case the R1 which is clearly identified.
That's complete the trading 101.
Wish it went up further but due to lack (maybe) of participants, it didn't.
Observe & Trade
Looking for a trade at YM at 11506 with a stop at 11500!
Note: Showing the chart from DIA which is almost identical to YM in the e-minis.
Observe & Trade
Watching the market and at this point it is a selling exodus from the participants.
We'll see if it will stabilize and will consolidate.
It's a short market at this moment.
Will look for a good location to find and form a trade idea, if not, no trade at all.
We'll see if it will stabilize and will consolidate.
It's a short market at this moment.
Will look for a good location to find and form a trade idea, if not, no trade at all.
Wednesday, December 22, 2010
Observe & Trade
Showing this chart from QQQQ which is identical to NQ from e-mini.
Notice how the pattern look like.
Pretty much similar to Russell 2000 (TF).
Observe & Trade
Showing these two similar charts from DJ-30 and DIA which is identical to e-mini YM.
YM is the only clear tradeable I can see from the e-minis today.
It has a nice consolidation above the ascending 20MA.
And also it's way above the previous close.
If you are looking for a breakout, this is the one.
And this can be exited from the R1.
Observe & Trade
Got stopped out from TF today to break even.
It went down a bit and trail my cover stop and I got hit.
Looking at the chart conclusion, it is not for an ordinary discretionary trader to fight/trade this kind of pattern.
Unless you are a risk taker or scalper.
I'll leave that to the computer or the pros.
That's why I stop trading after that and just stay idle.
My reason for the trade in TF is "I traded my beliefs not the market".
Tuesday, December 21, 2010
Observe & Trade
Showing the 5-min. chart from Russell 2000 (TF in the e-mini).
A very smooth upward move.
Missed the big move due to some personal issues and did not stay in the market for long.
It was in my screen before I traded NQ earlier.
By looking at it, its a sure long trade without any noise.
Major participants are already on holidays.
Observe & Trade
Just got back from my trading table after I exited my trade from NQ to do some errands for my old man only to find out that the market went up smoothly.
TF made a big move as shown from this 5-min. chart.
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