'Trading is a process of observing the market's action until such a time you can find and form trading ideas and get involved.'**

Tuesday, June 12, 2012

Tuesday's Market Trade

The market open high only to lose its momentum after an hour or so.

The best entry is when it starts to consolidate above the previous close as pointed in the lower arrow.

The exit is before the close.


Sunday, June 10, 2012

Friday's Market Conclusion

Shown is the 5-min. chart from QQQ (NQ Futures) that was concluded last Friday's market.

It was the typical buy in the open and sell in the close.

Friday, June 8, 2012

Friday's Market Action

Today's market made a bounced from yesterday's deep hole.

Buying at the open is the most probable entry.

Wednesday, June 6, 2012

Time To Exit

Time to exit the trade, it starts to run out of gas.

Still On The Way Up

The market is still going up...

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.

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.