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

Saturday, June 16, 2012

Friday's Market Trade

Friday's market action was a smooth upward trend.

A typical buy in the open and sell in the close is the appropriate trade.

Not much noise last Friday's market.

Friday, June 15, 2012

Thursday's Market Close

Not a good trade conclusion from Thursday's market.

Just look at the chart and just draw your own conclusion.

I guess that how the market goes, lots of volatility.

Thursday, June 14, 2012

Thursday's Trade Entry

The market open below from the previous close and made a consolidation below the pivot for a long safe entry.

Let's see if we can exit before the close on a positive end.


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.