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.
'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
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.
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.
Buying at the open is the most probable entry.

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.
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