As can be seen from today's chart, the market is quite choppy.
Can't distinguished what the market is doing.
This is the time to stay out in the market and just watch from the sidelines.
Thursday, June 21, 2012
Boring Market
Yesterday (Wednesday) and today's market can be considered a non-trading day.
As can be seen from today's chart, the market is quite choppy.
Can't distinguished what the market is doing.
This is the time to stay out in the market and just watch from the sidelines.
As can be seen from today's chart, the market is quite choppy.
Can't distinguished what the market is doing.
This is the time to stay out in the market and just watch from the sidelines.
Tuesday, June 19, 2012
Tuesday's Market Trade
The market gap up today and the best entry is to buy at the pullback from the R1 as shown on this 5-min. chart.
The exit is at the R2 as shown in the upper arrow.
A very smooth upward trend from today's market.
The best trade today is to buy in the open, since the overnight session is all on the positive sentiment.
Monday, June 18, 2012
Monday's Market Trade
The market open below and made a stunning reversal within a few minutes into the open.
Buying at the previous close price level and sell an hour before the market close is the trade for today.
Not much quite volatile in today's market except a major pullback from the R1 level.
It retrace a bit but able to regain its momentum.
You can make a second entry from the pullback and can still make a decent profit if you were not able to catch the "meat" below.
That's why in trading, those who are patient enough to wait can still profit from what the market offers.
Just like this one!
Buying at the previous close price level and sell an hour before the market close is the trade for today.
Not much quite volatile in today's market except a major pullback from the R1 level.
It retrace a bit but able to regain its momentum.
You can make a second entry from the pullback and can still make a decent profit if you were not able to catch the "meat" below.
That's why in trading, those who are patient enough to wait can still profit from what the market offers.
Just like this one!
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.
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.
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.
Let's see if we can exit before the close on a positive end.
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