Observe & Trade

Analyzing the multiple time frame for possible short trade.

Showing the 5-min., 3-min., and the 1-min. chart.

By scanning the multiple chart in real time, you can conclude to make a fast short trade on the 1-min. time frame.

A big consolidation on the 1-min. chart can be observed.

From there, you can make an entry at the pivot line and can exit at the resistance level R1.

Observe & Trade

A short trade in the open for the QQQQ (NQ) and the Russell 2000 (TF), the last trading day for the year 2010.

TF made a sharp drop at the close, that's a very sharp one!

While the QQQQ (NQ) just stay almost flat after it drops in the early trading for a profit taking.

Happy New Year

I just wanna' thank for any one who were able to scan and read this learning blog.

I don't know if there are any who were able to find this blog helpful or not.

But it's just the beginning of a long journey in learning how to become a good trader.

It's a first step towards the future.

With this coming New Year, I am looking forward for a more "discipline" in trading.

It's nice to know how to get involved in trading.

Happy New Year to anyone.

Observe & Trade

A "V' pattern formed on the two leading indexes today, the last trading day for the year 2010.

Shown on the 5-min. chart the concluding chart of SPY (ES) and the DIA (YM).

A profit taking in the open!

Observe & Trade

Traded long on YM and twice on NQ and all went to naught.

All the stop-loss got hit and didn't force any more after that.

Looking at the concluding 5-min. chart, the only viable trade is to short it (them) in the open.

Lack on conviction on the part of the bulls.

Real Time Trade Ideas

OK! That will be it...taking a bow!

Real Time Trade Ideas

Wow, got hit with the stop!