The best entry is to buy in the open and monitor its movement till the close.
Good trading environment in today's market.
Tuesday, October 16, 2012
Tuesday's Trade Setup
The market gap up today for the continuing bullish trend from yesterday's market.
The best entry is to buy in the open and monitor its movement till the close.
Good trading environment in today's market.
The best entry is to buy in the open and monitor its movement till the close.
Good trading environment in today's market.
Monday, October 15, 2012
Monday's Trade Setup
The market is on the verge of downward movement the past weeks.
For today's market, it gap up in the open only to lose its momentum after an hour or so.
The best entry if within the settlement price as the two ma's crosses over.
It formed a "u" pattern and a cup with a handle bullish formation.
Spotting today's market involves recognition of pattern which plays a vital part in finding a probable trade.
The most probable exit on this setup is when the market closes its session.
For today's market, it gap up in the open only to lose its momentum after an hour or so.
The best entry if within the settlement price as the two ma's crosses over.
It formed a "u" pattern and a cup with a handle bullish formation.
Spotting today's market involves recognition of pattern which plays a vital part in finding a probable trade.
The most probable exit on this setup is when the market closes its session.
Friday, September 28, 2012
Friday's Trade Setup
Today's trade was not quite convincing but the price action and the double bottom pattern made it possible to place a trade.
The double bottom is recognizable within the support level (S1).
The entry is at the arrow below for a long trade when the ma's crosses over.
The exit is at above the pivot line when it starts to lose its steam.
Making a trade when the market is like this especially it's a Friday needs full concentration in watching the price movement.
Price action is all that matters and some kind of precise trading experience.
The double bottom is recognizable within the support level (S1).
The entry is at the arrow below for a long trade when the ma's crosses over.
The exit is at above the pivot line when it starts to lose its steam.
Making a trade when the market is like this especially it's a Friday needs full concentration in watching the price movement.
Price action is all that matters and some kind of precise trading experience.
Thursday, September 27, 2012
Best Trade Setup
The market made a nice move today and the best trade is to buy in the consolidation from the open.
Exit is at the arrow above.
Best trade setup!
Exit is at the arrow above.
Best trade setup!
Tuesday, September 25, 2012
Tuesday's Trade Setup
The market gap up today in the open only to lose its strength for the profiteers trying to make money early on.
The best entry is from the pullback below when the ma's cross over opening for a long trade.
The exit is at the arrow above just below the R2 level.
The best entry is from the pullback below when the ma's cross over opening for a long trade.
The exit is at the arrow above just below the R2 level.
Wednesday, September 19, 2012
Wednesday's Trade Setup
Not able to post some trade setups the past week for quite busy analyzing trades and other market indexes.
Though there are some breakouts the past weeks but if you are not in tune with the market timing, you will get chopped.
That's why in trading, it is important that timing plays a big part in capturing the main ingredient.
Otherwise, you will end up eating the dust and just trade for the sake of trading.
You will lose your mental capital that leads to impulsive trades.
For today's setup, the market open up high only to lose its strength after an hour or so.
It made a dramatic reversal from the support (S1) opening a long entry from the pivot line.
Exit the trade before the close for a nice trade.
Today's trade needs a lot of patience in monitoring the entry for it became choppier in-between R1 and R2 (the resistance levels).
Though there are some breakouts the past weeks but if you are not in tune with the market timing, you will get chopped.
That's why in trading, it is important that timing plays a big part in capturing the main ingredient.
Otherwise, you will end up eating the dust and just trade for the sake of trading.
You will lose your mental capital that leads to impulsive trades.
For today's setup, the market open up high only to lose its strength after an hour or so.
It made a dramatic reversal from the support (S1) opening a long entry from the pivot line.
Exit the trade before the close for a nice trade.
Today's trade needs a lot of patience in monitoring the entry for it became choppier in-between R1 and R2 (the resistance levels).
Tuesday, September 4, 2012
Tuesday's Trade Setup
The market drops hard today due to unfavorable manufacturing report.
After the sell off, the market made a turnaround and recovers.
The best entry is from above the support when it consolidates.
As of this posting, the market is still recovering.
Exit the trade at your target price.
After the sell off, the market made a turnaround and recovers.
The best entry is from above the support when it consolidates.
As of this posting, the market is still recovering.
Exit the trade at your target price.
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