A down market today due to Middle East problem.
A short trade in the open from any of the four core index is a sure paycheck for the day.
Friday, January 28, 2011
Tuesday, January 25, 2011
Monday, January 24, 2011
Observe & Trade
A dramatic surge from the whole market index today.
Any of the four core index can make money in trading today.
Sunday, January 23, 2011
Thursday, January 20, 2011
Wednesday, January 19, 2011
Observe & Trade
The market is in the red today partly because of the news about the iPad creator.
Showing the 5-min. chart from the three leading core markets.
The Dow (YM) was not that smooth to trade today for its bubbly.
TF, NQ and the ES were on a smooth ride to the bottom.
Trading any of them in the open can make you a nice paycheck for the day.
Tuesday, January 18, 2011
Observe & Trade
A mixed reaction from the core index market today.
DIA (YM) made a nice upward movement in the open and formed a bull flag at 10:00 am.
QQQQ (NQ) open below the previous close but made a triangle formed like for a bullish signal.
SPY (ES) was a little bit choppy and was not a good index to trade today.
Russell 2000 made an ugly move early but recovered late in the close.
Based from observation, there are tradeable pattern today but with cautious play.
Saturday, January 15, 2011
Trading ideas
Showing 5-min. charts from the three core market indexes.
Not much noise to trade last Friday except in the first hour.
It's a very smooth upward movement!
Thursday, January 13, 2011
Trading ideas
Showing this 10-min. chart from Russell 2000 (TF).
It vertically leap in the open then drops a little bit in the R1 (red bar).
That is where the best entry for a long trade.
TF moves $100.00 per point, gaining 4 points gives you a profit of $400.00 for a contract.
But if you are a small retail trader like this one, trading TF especially during high volatility makes your nerve wracking because of the big (high) increments in value.
That's why preferably NQ and the YM is the most appropriate to trade, at least the pressure is not that much from trader's psychology.
Going back to the chart, reflecting them on the multiple time frame can show the right entry and exit.
Referring to 1-min. frame is the best way to watch its movement.
Also, the almost 24 hour chart in the e-minis can give you an edge in identifying the direction or its movement.
Wednesday, January 12, 2011
Observe & Trade
Showing the 5-min. chart from YM (DIA) and NQ (QQQQ) that was just traded.
The market gap up and bought for a long trade when it drops after the open.
Amateur open the market, pros take the opportunity!
Took 7.25 points from NQ ($145.00) and 25 points from YM ($125.00).
Not bad for less than an hour of watching.
Trading ideas
Just to show this 3-min. chart from TF wherein the "h" pattern I pointed out in my previous post about the short trade.
Notice the previous close was hit then it bounced.
That was the sign to exit the short trade.
Though it can also short from the R1 but the most probable to confirm was at the "arc" on the "h" pattern.
Tuesday, January 11, 2011
Trading ideas
Showing this 5-min. chart from TF.
One can find a long trade before lunch time with the rising 20MA.
And another trade, a short one, showing and "h" pattern type.
Sometimes recognizing a pattern such as this chart can give us an edge.
Observe & Trade
Not a good day to trade today for the market movement is erratic.
Can't find a nice location to trade though there are some areas that seems probable but not for this observer.
The market was controlled by the quants or the whiz geeks.
The market today is not for discretionary trading in my opinion.
Monday, January 10, 2011
Observe & Trade
Showing the 5-min. chart from TF (Russell 2000) and NQ (QQQQ).
Both of them penetrates above the pivot and the previous close.
These are the kind of setups that are low risk entry.
Observe & Trade
Showing the 1-min. chart from DJ-30 (YM).
A fast short trade netted 20 points ($100.00) for a contract.
Sunday, January 9, 2011
Observe & Trade
Showing this 3-min. chart from Russell 2000 (TF).
Shorting TF from the pivot line and exiting it below the S3 can make a nice profit.
If the entry was at 792.00 and the exit was at 779.00, that's a clear 13 points ($1,300.00 for a contract).
Trading this kind of pattern needs patience and concentration in recognizing its movement.
A familiarity is quite important.
Friday, January 7, 2011
Observe & Trade
Short trade is the order of the day for today.
The whole market is down.
Did not stay in the market after my brief early long trade.
The market drops before lunch break.
Big profits for the bears.
Observe & Trade
Showing the 1-min. chart from DJ-30 (YM) that was traded in Real Time Trade Ideas.
Using the shorter time frame to get the right entry and exit but relayed them to 10, 5, and 3 minute chart.
Exited at the arrow sign at 11,712 because of the red bars that starts to decline.
And was right to exit for after that it recovered a bit but then drops further.
Made just barely $70.oo for a contract.
Not bad for a quick trade for had to do more errands after this!
Real Time Trade Ideas
Looking for an exit at around 11668 to 11670 and will move the stop to break even if it goes up to 5 pts.
Thursday, January 6, 2011
Observe & Trade
The market is "confused" today for there are no clear tradeable pattern emerge.
Except from the ES and YM, but you must be seasoned enough in trading to trade them based from my opinion.
The TF and NQ should have left off by themselves for there are no clear direction.
All in all, this is the time (today) not to get involved in the market for it can easily chopped our trades.
Wednesday, January 5, 2011
Observe & Trade
The market recovered from the steep decline yesterday.
The three core index went on a vertical leap except the TF.
Showing the 10-min. chart from the QQQQ (NQ), SPY (ES) and the DIA (YM).
Buying late in the open is the right entry time for a long trade.
Exiting at the close is not a problem for they behave well.
The bears are afraid and nervous!
Trade Ideas
Showing this 10-min. chart from Russell 2000 (TF).
A huge decline from the previous trading day's surge.
A double top formation if I may conclude.
Notice that it drops further from the previous day's open.
A dramatic profit taking and lots of "shorters" took the opportunity.
Shorting at the open can give you a nice payday for a week?!
Tuesday, January 4, 2011
Observe & Trade
Traded YM today as mentioned from Real Time Trade Ideas.
The entry was at 11610 with a stop at 11590.
When it moves by around 10 points I moved the stop at break even.
But when the big red bars appears, I exited the trade at 18 points gain.
Not quite a good trade selection though, considering the other sectors where all at selling climax.
Was not quite paid attention to my conscious brain (or unconscious?), for the market is on the bear side.
I trade against the trend!
Trading is about learning oneself, need more learning paying attention to myself.
Because in trading, the enemy is yourself!
Note that I am showing the DJ-30 chart which is identical to YM e-mini.
Trading ideas
Showing the 5-min. chart from the three core etf's which are similar to the e-minis.
The three core went up vertically as the market open.
Buying at the open can net you a nice payday!
Referring to the multiple chart (1, 2, 3 -min.) can give a nice entry.
Monday, January 3, 2011
Observe & Trade
The four market sectors went up smoothly today.
Buying early in the open can give you a nice payday today.
But this one on TF is the one I find a good one to trade with.
It back up a little bit from R1 and from there it went upwards smoothly.
Sunday, January 2, 2011
Observe & Trade
Analyzing the multiple time frame for possible short trade.
Showing the 5-min., 3-min., and the 1-min. chart.
By scanning the multiple chart in real time, you can conclude to make a fast short trade on the 1-min. time frame.
A big consolidation on the 1-min. chart can be observed.
From there, you can make an entry at the pivot line and can exit at the resistance level R1.
Observe & Trade
A short trade in the open for the QQQQ (NQ) and the Russell 2000 (TF), the last trading day for the year 2010.
TF made a sharp drop at the close, that's a very sharp one!
While the QQQQ (NQ) just stay almost flat after it drops in the early trading for a profit taking.
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