The participants are gauging each others throat and waiting who's going to give in.
I guess the bulls are on the upper hand this week unless bad news might crop up from the calendar days that are due.
Let's see how the market behave the coming days.
Monday, July 16, 2012
Monday's Market Conclusion
The market went on the sideways today due to indecision.
The participants are gauging each others throat and waiting who's going to give in.
I guess the bulls are on the upper hand this week unless bad news might crop up from the calendar days that are due.
Let's see how the market behave the coming days.
The participants are gauging each others throat and waiting who's going to give in.
I guess the bulls are on the upper hand this week unless bad news might crop up from the calendar days that are due.
Let's see how the market behave the coming days.
Monday's Breakout Trade
The market open below and made a nice consolidation below the pivot opening an entry for a long trade.
It made a dramatic breakout above the pivot exiting the trade from the previous high last Friday's market.
Nice setup trade!
It made a dramatic breakout above the pivot exiting the trade from the previous high last Friday's market.
Nice setup trade!
Saturday, July 14, 2012
Friday's Market Conclusion
The market made a nice smooth move upwards Friday after weeks of losses.
That makes the market interesting because of the opportunities it offers whether on the up-swing or low swing.
That's what traders prefer, they can exploit the markets breakout leaving the investors eating the dust.
Like this 5-min chart from Friday's market, the chart speaks for itself.
Buying at the pullback and selling in the close is the classic preference for the profitable traders.
No need for too much fancy indicators or expensive expert subscriptions to rely on.
Just monitor the price actions and the trend, whether uptrend or downtrend.
In this case, it's on the uptrend, trade what your see!
That makes the market interesting because of the opportunities it offers whether on the up-swing or low swing.
That's what traders prefer, they can exploit the markets breakout leaving the investors eating the dust.
Like this 5-min chart from Friday's market, the chart speaks for itself.
Buying at the pullback and selling in the close is the classic preference for the profitable traders.
No need for too much fancy indicators or expensive expert subscriptions to rely on.
Just monitor the price actions and the trend, whether uptrend or downtrend.
In this case, it's on the uptrend, trade what your see!
Friday, July 13, 2012
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.
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.
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.
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.
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