Thursday, December 30, 2010
Wednesday, December 29, 2010
Observe & Trade
No convincing trade today from the market (ES; NQ; TF) except this one from YM.
Though not quite tradeable, but there is a potential of probability because the consolidation is above the 20MA.
Other than that, a potential short appears before the close.
Tuesday, December 28, 2010
Observe & Trade
A shallow cup and handle formed on SPY (ES, e-mini).
In-between the pivot and the previous close, it plays a zigzag mode after it drops from the open.
From there, it stays idle in the form of rectangular S/R level.
At around 12:00 noon to 1:00 pm., it consolidates on small bars above the 20MA.
Confirming a buy trade!
That's showing the technical trading 102.
Observe & Trade
Out from my trading table and showing this 5-min. chart from DIA (YM, e-mini).
It formed a cup and handle pattern.
Nice up trending move after it drops for profit taking in the early trading.
A good entry at consolidation above the 20MA in between the pivot and the previous close.
Other e-minis did not make a decent move, TF and NQ, while ES just made a slight ascend.
Subscribe to:
Comments (Atom)