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

Friday, July 13, 2012

Why You Shouldn’t Keep Porn on Your Phone | Joe Fahmy The Next Big Move

Why You Shouldn’t Keep Porn on Your Phone | Joe Fahmy The Next Big Move

Friday's Market Trade

Shown is the 2-min. chart for today's market.

The market went up in the open and made a pullback thereafter opening for an opportunity to put an entry for a long trade (lower arrow).

The exit shown at the above.

Tuesday, July 10, 2012

Monday's Market

The market yesterday drops hard in the open and went on a sideways move from thereon.

It did not recover from the hole.

Participants are confused where the market is heading.

They are waiting for the clue.

Sunday, July 8, 2012

How or Who You Are In Trading?

Been in the market for quite a while and after experiencing unimaginable failures and defeats, you will succumb to the temptation to discontinue involving in the market.

But if you have the passion and great understanding how the market works and the rewards that it offers, you will persevere in learning how to get involve with it.

But the market it's not just like that, as some or most aspiring traders tend to believe it...get rich quick scheme!

That's not how the market works, it takes a lot of hard work and learning.

Though you don't need to be a Phd, and even if you are an ordinary individual, you can trade the market and make money out of it.

Trading the market is not that hard, it is simple but it's not easy.

It involves emotional temperament towards the market movements and understanding of the behavior of the participants.

It's about the psychology of the market, because the market composed of individuals who participates in the determination of the price action.

Pattern recognition plays a big part in trading the market and the level of the price movements.

Once you get the feel and understanding the minds of the participants, you can have an idea how to get involve and trade the market.

It's all about reading the minds of the market and learning about yourself how to get involve (or trade the market).

Sounds simple?, but to get started in the market is to read books in trading and investing.

That's the hardest part for you will get confused which books are important and make sense based from your personality.

There are many information out there to find out which market or what market suits to your personality.

When I say personality, it's the type of person who you are whether you prefer a short term or long term involvement in the market.

It is like in a relationship, whether you want to get married for life (that's long-term investing); start living-in first (that's swing trading); live just by comfort (that's momentum or intermediate trading); or you want to live day by day (that's day trading).

It's all based from your likings and personality.

Friday, July 6, 2012

Friday's Market Trade

The market drops hard today due to unfavorable reports on the jobs market.

Shown is the 5-min. chart to make a short trade.

Thursday, July 5, 2012

Thursday's Market Conclusion

Shown is the 5-min. chart of the (QQQ) market activities in today's trading.

Seems a positive sentiment from the participants.

Thursday's Market Trade

The market drops early in the open only to make a major reversal from the (S1) support line.

The entry for long trade is from the S1 with exit at (R1), resistance level.

The S/R levels plays a major part in trading, they are basis for entry and exit points.

Though they are not conclusive, but they give some clues when to enter or exit.

The important in trading is the price actions.

Shown is the 5-min. chart where the entry and exit are pointed with an arrows.