Observe & Trade

Showing the trade completion of Russell 2000 (TF) today from this 5-min. chart.

Entry at 768.60 points on long.

Exit at 777.00 points for an +8.4o points gain.

TF moves $10.00 per 0.10 points, that equals to +84.00 points.

That amounts to $840.00 for a one (1) contract trade.

Not bad for a one contract trade!

Observe & Trade

After intense battle in the opening today, the market settles a bit and this chart from Russell 2000 offers an entry for long.

It's a profit taking day (today, Friday) that's why traders wants to go home with profit.

ES and YM were so volatile early as well as NQ.

TF not much, maybe few participants are still trading (playing) this instrument.

Looks like TF is more quiet to trade than the three.

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Observe & Trade

Nice pattern from Dow-30, similar to e-mini YM.

Not much direction from the market today except this pattern that I created through my "art of trading"!

Observe & Trade

A boring market observation today and not much you can do about it except just to draw your own conclusion or "imagination" how the market behaves.

All I can do is just to draw my own "imagination" or creativeness how the market "behaves" today.

It's all for every traders today to draw their own conclusions.

But for me, this 5-min. chart from Russell 2000 (TF) is all I can make a conclusion.

Just make your own guess, I have mine!

Observe & Trade

Was wrong to make an "assumption" today about the market direction, that's why in the market nothing is predictable - so better not to make any conclusion about the market!

But sometimes as humans, we make some kind of "abnormal" presumptions, that's why there is trading in the market.

If no one has conclusion, we cannot make a trade, but it would be better just to keep it to ourselves (traders).

That's why I refrain from making such "prediction" if I have to, I always based my observation about the market through charts formation, not from the news.

Anyway, the market "zag-zig" today!

I call it zag-zig because of its abnormal movement as shown from this 5-min. chart from SPY (ES).

Looks like the market is taking some kind of "stockpiling", ready to burst anytime.