'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, July 3, 2012

Tuesday's Market Conclusion

The market made a nice upwards move today mainly due to the absence of the major market players.

Big opportunities today for the small retail traders for there's not much noise/volatility.

Tuesday"s Market Trade Entry

Shown is the 5-min. chart for today's market.

Not much noise for the participants are already on a holiday.

It will be a short trading day today in time for tomorrow's fireworks display.

Monday, July 2, 2012

Zigzag Monday's Market

The market moves on a choppy sideways today prior to holiday come Wednesday.

Seems most participants are already on a Holiday break except the programmers.

One can notice the erratic sideways moves the whole trading day.

I can surmise that the market is just consolidating prior to the next big move.

Today's market consolidates mostly within the previous close and above the pivot line.


Friday, June 29, 2012

Friday's Market Conclusion

Shown is the 5-min. chart of today's market action.

Not much noise when it gap up in the open.

Bears are covering in darkness.

The Market On A Two Day Spring

Showing the 10-min. chart from yesterday's market and today's on-going action.



Follow Through

The market continues to rally...