Thursday's Trade

The market gap up in the open Thursday's session only to lose its strength till the close.

The only viable trade is the S/R level reference.

The entry for long is at the R1 (the support) and the exit is at R2 (this time the resistance).

When it comes to this kind of formations wherein the market turn sideways, the best option in finding trades is the S/R levels.

Like this one!

Wednesday's Market Trade

The market drops in the open and made a nice reversal at noontime opening for long entry trade above the S1.

It made a nice consolidation above the S1.

The probable exit is at the arrow above before reaching the previous close.

Through price actions, it starts to lose its strength from that area.

Shown is the 5-min. chart.

Monday's Market Conclusion

The market drops hard Monday due to negative reports coming from overseas.

It recovers from the deep hole till the close but was not able to reach the previous close.

I guess it will be on the range/consolidation mode in the coming days.

Right now the market is on the steady range, let's see how it goes.

Friday's Market Conclusion

The market turns negative last Friday's session due to bad news from overseas and profit taking.

The viable  trade is to sell short in the open and buy cover in the close.

From this 10-min. chart, the MA's giving clear confirmations how clear the trade is.

The crossover MA's are the signal when to enter and exit.

Thursday's Market Conclusion

The market turn sluggish and quite choppy today.

Probably got tired of climbing vertically from yesterday's action.

And as I also mentioned from previous post, it might pause a little bit, and that's what happened from today's activities.

Wednesday's Market Conclusion

The market went upwards in the open and almost maintaining its momentum till the close.

I guess it might pause a bit by tomorrow and will regain its strength in the coming days.

Wednesday's Great? Trade

The market went to a stunning surge in the open and shown is the 3-min. chart opening for a long trade.

Buy in the open and sell above the R1 is the most appropriate trade to make.

Done trading for the day!