Wednesday, June 6, 2012
Buy In The Open
The market gap up today due to positive news.
For trade today, buy in the open and see/monitor to sell possibly in the close.
For trade today, buy in the open and see/monitor to sell possibly in the close.
Monday, June 4, 2012
Monday's Market Action
The market drops down today and stay most of the trading day consolidating below from the previous close.
Lots of negative sentiments in the market coming from different directions.
The market made a consolidated reversal couple of hours before the close.
The only viable setups I can spot is from the lower arrow as pointed.
The MA's already sloping upwards.
Saturday, June 2, 2012
Friday's Market Action
The market gap down hard in the open due to negative jobless report.
Not a good sign on the first day of the month of June.
To trade the Friday's market is to short in the open and cover in (or before) the close.
Trading the market last Friday needs to analyze on a multiple time frame.
If you are trading on a shorter time frame (1-min.), you will possibly get chopped.
Not a good sign on the first day of the month of June.
To trade the Friday's market is to short in the open and cover in (or before) the close.
Trading the market last Friday needs to analyze on a multiple time frame.
If you are trading on a shorter time frame (1-min.), you will possibly get chopped.
Thursday, May 31, 2012
FB Is A Buy?
The way I can see, seems Facebook is now a "buy". Looks like it reached already the consolidation price. As "Booyah" Cramer always say...buy...buy...buy...
Thursday's Trade Setup
The market drops in the open due to unfavorable jobs report.
For today's trade on this 1-min. chart, the market consolidates from the S2 (support) line.
Notice the crossover MA's, and they are flat, a sign that something a reversal is on the way.
The best entry is from the support line, lower arrow.
And the exit is before the S1.
For today's trade on this 1-min. chart, the market consolidates from the S2 (support) line.
Notice the crossover MA's, and they are flat, a sign that something a reversal is on the way.
The best entry is from the support line, lower arrow.
And the exit is before the S1.
Wednesday, May 30, 2012
Analyzing How To Make Trade In A Choppy Market
Today's market marred by lots of chops and the only possible trade I can spot is the one I encircled.
But spotting it takes a lot of deep market reading and patience in watching the market.
By analyzing today's market, I can spot a quick trade "in-between" this choppy sideways move.
Notice I made a three horizontal lines showing the maximum low and high of the trading day.
And when it breaks the mid-range (lower arrow), we can enter a long trade with stop just below or in-between the two lower horizontal lines.
The exit is at the upper arrow by just projecting the equal distance from the middle line.
By watching the market keenly and analyzing the market from technical view, you can still spot a simple trade in a choppy market, like this one.
But spotting it takes a lot of deep market reading and patience in watching the market.
By analyzing today's market, I can spot a quick trade "in-between" this choppy sideways move.
Notice I made a three horizontal lines showing the maximum low and high of the trading day.
And when it breaks the mid-range (lower arrow), we can enter a long trade with stop just below or in-between the two lower horizontal lines.
The exit is at the upper arrow by just projecting the equal distance from the middle line.
By watching the market keenly and analyzing the market from technical view, you can still spot a simple trade in a choppy market, like this one.
Subscribe to:
Comments (Atom)