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.

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.

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.

Ripe Trade: Trading setups for December 23

Ripe Trade: Trading setups for December 23

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.