Not much noise when it gap up in the open.
Bears are covering in darkness.
Friday, June 29, 2012
Friday's Market Conclusion
Shown is the 5-min. chart of today's market action.
Not much noise when it gap up in the open.
Bears are covering in darkness.
Not much noise when it gap up in the open.
Bears are covering in darkness.
The Market On A Two Day Spring
Showing the 10-min. chart from yesterday's market and today's on-going action.
Friday's Market Entry Point
The market gap up today and shown is the 1-min. chart entry point for a long trade.
Let's see how it goes.
Let's see how it goes.
Thursday, June 28, 2012
Market At The Closing
Shown is the 5-min. chart 15 minutes before the close.
From my ealier post, I mentioned that the market can't get any lower from my short cover trade.
Though it drops a little bit further, but recovered extensively as shown from this concluding chart.
From my ealier post, I mentioned that the market can't get any lower from my short cover trade.
Though it drops a little bit further, but recovered extensively as shown from this concluding chart.
Hang'n 'em there "trading" buddy...
Just a simple thoughts in trading regarding the hiccups most if not all traders encountering about the markets unpredictable moves.
What we can do is just "hang'n 'em there buddy"...
That's how the market is, it's all ups and downs but if you can take the opportunity that the market offers even just to monitor its moves and the education it brings, it's all worth it.
And don't hesitate to take a break, the market will be there tomorrow.
As the famous quote from great traders, you can't trade the market everyday, only fools do.
Most aspiring traders i'm sure are getting pummeled by the 'monstrocities' market swings, we cannot avoid that.
All we can do it take whatever the market brings and learn from it.
When the market settles, the bright side of the market rises.
What we can do is just "hang'n 'em there buddy"...
That's how the market is, it's all ups and downs but if you can take the opportunity that the market offers even just to monitor its moves and the education it brings, it's all worth it.
And don't hesitate to take a break, the market will be there tomorrow.
As the famous quote from great traders, you can't trade the market everyday, only fools do.
Most aspiring traders i'm sure are getting pummeled by the 'monstrocities' market swings, we cannot avoid that.
All we can do it take whatever the market brings and learn from it.
When the market settles, the bright side of the market rises.
Thursday's Market Trade
The market drops down today due to unfavorable reports from the governments healthcare law and from overseas woes.
Shown is the 5-min chart where the most probable short entry is at S3 (support) level with the cover at the lower arrow.
I think that's the most the market can go lower today because of the big gap when it went down in the open.
But who knows?
Shown is the 5-min chart where the most probable short entry is at S3 (support) level with the cover at the lower arrow.
I think that's the most the market can go lower today because of the big gap when it went down in the open.
But who knows?
Wednesday, June 27, 2012
Wednesday's Market Conclusion
The market made a tight consolidation within the R2 level only to lose its grip and went downside.
Lack of follow through from the bulls.
Market sentiments is still in quandary.
Shown is the 5-min. chart that attest the participants lack of conviction.
Lack of follow through from the bulls.
Market sentiments is still in quandary.
Shown is the 5-min. chart that attest the participants lack of conviction.
Wednesday's Trade Entry
The market gap up today and shown is the 5-min. entry point for a long trade.
Let's see how it goes.
Let's see how it goes.
Tuesday, June 26, 2012
Tuesday's Market Conclusion
A choppy market moves in today's trading.
The open entry got stopped out.
Shown is the 5-min. market conclusion where it closed on the positive side.
That's how the market is, it's all about probabilities.
The open entry got stopped out.
Shown is the 5-min. market conclusion where it closed on the positive side.
That's how the market is, it's all about probabilities.
Tuesday's Trade Entry Point
The market gap up today and shown is the 1-min. chart entry point for a long trade.
Let's see how it goes.
Let's see how it goes.
Monday, June 25, 2012
Monday's Market Trade
The market drops hard today and shown is the 5-min. trade.
Shorted at the upper arrow and cover at the lower arrow, S3.
Shorted at the upper arrow and cover at the lower arrow, S3.
Saturday, June 23, 2012
Trading Facebook (FB)
I mentioned from my previous posts that to get involved personally in the FB IPO is just to trade not to invest.
And now looking at this latest chart, it's really a good way to trade.
I mentioned also that when it consolidates at the price of $27.00, FB is a buy...buy...buy...
So if you bought it at $27.00 then, you are now raking some smart profit.
Just take a look at this latest chart (1-hr) and make your own judgment that trading it is the better way.
Just wait for the right timing, that's why technical analysis is better than the fundamentals.
Trade what you see as they always emphasized in trading.
And now looking at this latest chart, it's really a good way to trade.
I mentioned also that when it consolidates at the price of $27.00, FB is a buy...buy...buy...
So if you bought it at $27.00 then, you are now raking some smart profit.
Just take a look at this latest chart (1-hr) and make your own judgment that trading it is the better way.
Just wait for the right timing, that's why technical analysis is better than the fundamentals.
Trade what you see as they always emphasized in trading.
Friday, June 22, 2012
Friday's Market Trade
The market made a tight consolidation till late noon (ET) and made a stunning move upwards till the close.
Buying at the open is the most probable entry to make a profitable trade this Friday.
Shown is the 5-min. chart.
Buying at the open is the most probable entry to make a profitable trade this Friday.
Shown is the 5-min. chart.
"I didn't shortcut anything"
"It was a journey for myself," he said. "I don't want to compare it to any
other player. Everything that went with me being a high school prodigy when I
was 16 and on the cover of Sports Illustrated to being drafted and having to be
the face of a franchise; everything that came with it. I had to deal with it,
and I had to learn through it.
"No one had [gone] through that journey, so I had to learn on my own. Everything that came with it, I had to basically figure it out on my own."
And then, James would say: "I'm a champion, and I did it the right way. I didn't shortcut anything."
"No one had [gone] through that journey, so I had to learn on my own. Everything that came with it, I had to basically figure it out on my own."
And then, James would say: "I'm a champion, and I did it the right way. I didn't shortcut anything."
Thursday, June 21, 2012
Thursday's Short Trade
The market was a little bit choppy early in the open.
But it shown a downtrend move when it crosses the S1 the second time.
That is where the most probable entry on the short side.
From thereon, it went down lower from S3.
I guess the participants are taking their profits.
But it shown a downtrend move when it crosses the S1 the second time.
That is where the most probable entry on the short side.
From thereon, it went down lower from S3.
I guess the participants are taking their profits.
Boring Market
Yesterday (Wednesday) and today's market can be considered a non-trading day.
As can be seen from today's chart, the market is quite choppy.
Can't distinguished what the market is doing.
This is the time to stay out in the market and just watch from the sidelines.
As can be seen from today's chart, the market is quite choppy.
Can't distinguished what the market is doing.
This is the time to stay out in the market and just watch from the sidelines.
Tuesday, June 19, 2012
Tuesday's Market Trade
The market gap up today and the best entry is to buy at the pullback from the R1 as shown on this 5-min. chart.
The exit is at the R2 as shown in the upper arrow.
A very smooth upward trend from today's market.
The best trade today is to buy in the open, since the overnight session is all on the positive sentiment.
Monday, June 18, 2012
Monday's Market Trade
The market open below and made a stunning reversal within a few minutes into the open.
Buying at the previous close price level and sell an hour before the market close is the trade for today.
Not much quite volatile in today's market except a major pullback from the R1 level.
It retrace a bit but able to regain its momentum.
You can make a second entry from the pullback and can still make a decent profit if you were not able to catch the "meat" below.
That's why in trading, those who are patient enough to wait can still profit from what the market offers.
Just like this one!
Buying at the previous close price level and sell an hour before the market close is the trade for today.
Not much quite volatile in today's market except a major pullback from the R1 level.
It retrace a bit but able to regain its momentum.
You can make a second entry from the pullback and can still make a decent profit if you were not able to catch the "meat" below.
That's why in trading, those who are patient enough to wait can still profit from what the market offers.
Just like this one!
Saturday, June 16, 2012
Friday's Market Trade
Friday's market action was a smooth upward trend.
A typical buy in the open and sell in the close is the appropriate trade.
Not much noise last Friday's market.
A typical buy in the open and sell in the close is the appropriate trade.
Not much noise last Friday's market.
Friday, June 15, 2012
Thursday's Market Close
Not a good trade conclusion from Thursday's market.
Just look at the chart and just draw your own conclusion.
I guess that how the market goes, lots of volatility.
Just look at the chart and just draw your own conclusion.
I guess that how the market goes, lots of volatility.
Thursday, June 14, 2012
Thursday's Trade Entry
The market open below from the previous close and made a consolidation below the pivot for a long safe entry.
Let's see if we can exit before the close on a positive end.
Let's see if we can exit before the close on a positive end.
Tuesday, June 12, 2012
Tuesday's Market Trade
The market open high only to lose its momentum after an hour or so.
The best entry is when it starts to consolidate above the previous close as pointed in the lower arrow.
The exit is before the close.
The best entry is when it starts to consolidate above the previous close as pointed in the lower arrow.
The exit is before the close.
Sunday, June 10, 2012
Friday's Market Conclusion
Shown is the 5-min. chart from QQQ (NQ Futures) that was concluded last Friday's market.
It was the typical buy in the open and sell in the close.
It was the typical buy in the open and sell in the close.
Friday, June 8, 2012
Friday's Market Action
Today's market made a bounced from yesterday's deep hole.
Buying at the open is the most probable entry.
Buying at the open is the most probable entry.
Wednesday, June 6, 2012
Buy In The Open
The market gap up today due to positive news.
For trade today, buy in the open and see/monitor to sell possibly in the close.
For trade today, buy in the open and see/monitor to sell possibly in the close.
Monday, June 4, 2012
Monday's Market Action
The market drops down today and stay most of the trading day consolidating below from the previous close.
Lots of negative sentiments in the market coming from different directions.
The market made a consolidated reversal couple of hours before the close.
The only viable setups I can spot is from the lower arrow as pointed.
The MA's already sloping upwards.
Saturday, June 2, 2012
Friday's Market Action
The market gap down hard in the open due to negative jobless report.
Not a good sign on the first day of the month of June.
To trade the Friday's market is to short in the open and cover in (or before) the close.
Trading the market last Friday needs to analyze on a multiple time frame.
If you are trading on a shorter time frame (1-min.), you will possibly get chopped.
Not a good sign on the first day of the month of June.
To trade the Friday's market is to short in the open and cover in (or before) the close.
Trading the market last Friday needs to analyze on a multiple time frame.
If you are trading on a shorter time frame (1-min.), you will possibly get chopped.
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