'Trading is a process of observing the market's action until such a time you can find and form trading ideas and get involved.'**
Tuesday, March 19, 2013
Today's Market Recap
The market open up today only to lose it’s steam due to Cyprus problem and maybe due to profit taking. Trading early today is not a good option for in the first few minutes into the open, the market was volatile. Lots of pressure in bringing the market to go down. And the bears were quite successful. I can see a probable short trade from the settlement price when it has a form of ‘h’ pattern. Actually, there are two ‘h’ formation, the last one between the hour of 12:00 to 1:00 pm ET. There is also a pattern of inverse head and shoulder from 1:00 to 3:00 pm ET. Trading early today is not quite advisable and not good. The market today needs some time to develop in determining the trend.
Sunday, March 10, 2013
Friday's market trade
Friday's market was not that kind of a tradeable one unless you do scalping.
But i did find one that can be traded upon.
With the chart below, though this is after the fact, but at least we can find an education for future trading.
The market drops hard when it surge before the open but did find resistance within the pivot line.
Opening for an entry after the participants lunch break.
Notice the uptrend line, it shows a higher lows.
The exit is within the R1 level.
This is just for our educational trading development.
But i did find one that can be traded upon.
With the chart below, though this is after the fact, but at least we can find an education for future trading.
The market drops hard when it surge before the open but did find resistance within the pivot line.
Opening for an entry after the participants lunch break.
Notice the uptrend line, it shows a higher lows.
The exit is within the R1 level.
This is just for our educational trading development.
Wednesday, March 6, 2013
Market On A Roll!
The market is on a roll for real!
Shown are the charts from the Tuesday's session from the leading indexes.
I guess the bears are in for a long nightmare.
The only way they can recover is to 'day trade' the market.
But for long, they are in for a long haul.
Though the market cannot be underestimated, it is always subject for a surprise drop.
Especially when its time to make profits.
So watch out!
Shown are the charts from the Tuesday's session from the leading indexes.
I guess the bears are in for a long nightmare.
The only way they can recover is to 'day trade' the market.
But for long, they are in for a long haul.
Though the market cannot be underestimated, it is always subject for a surprise drop.
Especially when its time to make profits.
So watch out!
Tuesday, March 5, 2013
The market starts rolling?
I guess that's what this chart says so.
Whenever the bears tries to take down the market, the bulls are always there to protect the market from falling.
Notice the resistance from the 2700 level, since the start of the year 2013 the market always bounced from that price.
Though it quite move erratically, the market seems showing strength.
Whenever the bears tries to take down the market, the bulls are always there to protect the market from falling.
Notice the resistance from the 2700 level, since the start of the year 2013 the market always bounced from that price.
Though it quite move erratically, the market seems showing strength.
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