Let's see how it goes.
Friday, June 29, 2012
Friday's Market Entry Point
The market gap up today and shown is the 1-min. chart entry point for a long trade.
Let's see how it goes.
Let's see how it goes.
Thursday, June 28, 2012
Market At The Closing
Shown is the 5-min. chart 15 minutes before the close.
From my ealier post, I mentioned that the market can't get any lower from my short cover trade.
Though it drops a little bit further, but recovered extensively as shown from this concluding chart.
From my ealier post, I mentioned that the market can't get any lower from my short cover trade.
Though it drops a little bit further, but recovered extensively as shown from this concluding chart.
Hang'n 'em there "trading" buddy...
Just a simple thoughts in trading regarding the hiccups most if not all traders encountering about the markets unpredictable moves.
What we can do is just "hang'n 'em there buddy"...
That's how the market is, it's all ups and downs but if you can take the opportunity that the market offers even just to monitor its moves and the education it brings, it's all worth it.
And don't hesitate to take a break, the market will be there tomorrow.
As the famous quote from great traders, you can't trade the market everyday, only fools do.
Most aspiring traders i'm sure are getting pummeled by the 'monstrocities' market swings, we cannot avoid that.
All we can do it take whatever the market brings and learn from it.
When the market settles, the bright side of the market rises.
What we can do is just "hang'n 'em there buddy"...
That's how the market is, it's all ups and downs but if you can take the opportunity that the market offers even just to monitor its moves and the education it brings, it's all worth it.
And don't hesitate to take a break, the market will be there tomorrow.
As the famous quote from great traders, you can't trade the market everyday, only fools do.
Most aspiring traders i'm sure are getting pummeled by the 'monstrocities' market swings, we cannot avoid that.
All we can do it take whatever the market brings and learn from it.
When the market settles, the bright side of the market rises.
Thursday's Market Trade
The market drops down today due to unfavorable reports from the governments healthcare law and from overseas woes.
Shown is the 5-min chart where the most probable short entry is at S3 (support) level with the cover at the lower arrow.
I think that's the most the market can go lower today because of the big gap when it went down in the open.
But who knows?
Shown is the 5-min chart where the most probable short entry is at S3 (support) level with the cover at the lower arrow.
I think that's the most the market can go lower today because of the big gap when it went down in the open.
But who knows?
Wednesday, June 27, 2012
Wednesday's Market Conclusion
The market made a tight consolidation within the R2 level only to lose its grip and went downside.
Lack of follow through from the bulls.
Market sentiments is still in quandary.
Shown is the 5-min. chart that attest the participants lack of conviction.
Lack of follow through from the bulls.
Market sentiments is still in quandary.
Shown is the 5-min. chart that attest the participants lack of conviction.
Wednesday's Trade Entry
The market gap up today and shown is the 5-min. entry point for a long trade.
Let's see how it goes.
Let's see how it goes.
Tuesday, June 26, 2012
Tuesday's Market Conclusion
A choppy market moves in today's trading.
The open entry got stopped out.
Shown is the 5-min. market conclusion where it closed on the positive side.
That's how the market is, it's all about probabilities.
The open entry got stopped out.
Shown is the 5-min. market conclusion where it closed on the positive side.
That's how the market is, it's all about probabilities.
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